December 22, 2019 / 12:11 PM / a month ago

Israel's Navitas buys stakes in four Texas oil fields from Denbury

JERUSALEM (Reuters) - Israel’s Navitas Petroleum said on Sunday it had purchased 50% of the rights in four producing oil fields in Texas from oil and gas company Denbury Resources for $45 million.

Navitas’ share in current production under the deal will be 1,363 barrels of oil a day, and it said it intends to carry out further development at the projects.

Reporting by Ari Rabinovitch; Editing by Tova Cohen

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below