Loews completes sale of HighMount E&P

Loews Corp.

Loews Corp. (NYSE: L) has completed the sale of its oil and gas exploration and production subsidiary, HighMount Exploration & Production LLC, to privately held affiliates of EnerVest Ltd. for $805 million.

As a result of the sale, Loews's third-quarter earnings report will include a modest reduction in the previously recognized impairment charge for HighMount.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...