JCDS client Pantera Energy has recently purchased producing NATGAS properties from British Petroleum (NYSE: BP) for $390,000,000.
"“HOUSTON – BP has struck a deal to sell a chunk of its natural gas-rich property in the Texas Panhandle for $390 million, the company said Monday.
About 270,000 gross acres of BP’s foothold in northwest Texas will trade hands at the end of the month with Amarillo, Texas-based acquisition and development firm Pantera Energy Co., BP spokesman Brett Clanton said in a statement...”"