Houston Exploration Obtains Leases In Private Transaction

August 25, 1999

Houston Exploration has acquired 100 percent working interests in six offshore leases from ATP Oil & Gas Corporation. Varying from 25 to 100 percent, the Gulf of Mexico locales include blocks on Matagorda Island, Vermilion, South Timbalier and Galveston. With total bidding amounting to $1 million, the company is also involved in the formation of another joint venture with KeySpan Energy. The project will entail the exploration and development of the company's current unspoiled offshore acreage.

Houston Exploration Obtains Leases In Private Transaction

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