Yates Petroleum: Texas company to purchase Yates Petroleum in $2.5B deal

ALBUQUERQUE, N.M. (AP) - One of the largest oil producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a $2.5 billion deal that will expand its footprint in major energy-producing basins in the West. Houston-based EOG Resources, Inc. announced the agreement with Yates Petroleum on Tuesday. Company [...]