Common Resources Sells for $805 Million
Common Resources LLC, an oil and gas exploration company, has been sold in a pair of transactions totaling $805 million. EXCO Resources Inc. (NYSE: XCO) and BG Group PLC (LSE: BG.L) bought Common’s Haynesville assets for approximately $446 million, while Talisman Energy Inc. (NYSE: TLM) bought Common’s Eagle Ford assets for approximately $359 million. Common Resources was founded in 2007, and backed by EnCap Investments, Pine Brook Road Partners and Soros Fund Management.
19 May 2010•2 mins read
