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On July 10, 2001, Amerada Hess Corporation announced it had agreed to acquire Triton Energy Ltd. for approximately $2.7 billion in cash plus assume $500 million of debt owed by Triton. The deal increases Amerada Hess's foreign oil and gas reserves by about one-third (on a barrels of oil equivalence basis where natural gas is converted into equivalent oil at the rate of 1,000 cubic feet of dry natural gas equals 0.178 barrels of crude oil). Amerada Hess is a vertically-integrated major energy company with its foreign oil and gas exploration and production operations primarily in the North Sea. Triton Energy is an independent oil and gas exploration and production company with operations in Colombia, off the coast of west Africa, and in the Gulf of Thailand.
The following link provides company-level data from various public sources to inform discussions of the Amerada Hess - Triton Energy merger. This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.
Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, July 11, 2001
Neal Davis
neal.davis@eia.doe.gov
Fax: (202) 586-9753
OR
National Energy Information Center
Phone: (202) 586-8800
URL: http://www.eia.doe.gov/emeu/finance/mergers/ht_index.html
If you are having technical problems with this site, please contact the EIA Webmaster at wmaster@eia.doe.gov
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