Public Gas Partners Inc., Kennesaw, Ga., has closed three transactions and signed an agreement for a fourth transaction to purchase approximately 115 billion cubic feet of gas equivalent of proved reserves (73% proved, developed and producing) for a total cost of $330 million. Current production from the properties totals some 35 million cubic feet of gas equivalent per day (75% gas). The interests are nonoperated. The fourth transaction is expected to close by January. Dallas-based Mitchell Energy Advisors was advisor to Public Gas Partners on one of the transactions.
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