Freeport-McMoRan selling onshore Central Coast oil and gas properties

By Alex Kacik  /  Monday, October 17th, 2016  /  Energy, Latest news  /  Comments Off on Freeport-McMoRan selling onshore Central Coast oil and gas properties

Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the Read More →