BlueStone Natural Resources LLC,
Tulsa, Okla., has acquired Columbus
Energy LLC for an undisclosed price.
Columbus operates more than 140 wells
in South Texas and the Rockies.
Production is more than 17.8 million cubic
feet of gas equivalent per day. Columbus is
now a subsidiary of BlueStone.
In a separate transaction, Bluestone
acquired certain additional interests in
South Texas properties operated by
Columbus from a subsidiary of Tulsabased
Samson.
The acquisitions were funded by a
$100-million credit facility with Bank of
America.
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