Williams E&P assets go on the market

摘要

The Williams Cos. has put up the oil and gas assets it acquired from Barrett Resources Corp. last year as collateral for a US900-million loan from Lehman Brothers Inc. and Berkshire Hath-away. Williams had paid US2.8 billion in cash and stock for Barrett, outbidding Shell Oil. Whith Barrett came 2.1 trillion cubic feet of gas equivalent fo proved reserves in the Rockies and Gulf of Mexico-reserves that would fetch approximately US2.1 billion in today's A&D market of approximately US1 per thousand cubic feet of proved reserves.