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FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2000NOTES TO CONSOLIDATED FINANCIAL STATEMENTS9. Acquisition of Properties
We purchased oil and gas interests in the Brookeland and Masters Creek areas from Sonat Exploration Company in the third quarter of 1998 for approximately $85.8 million in cash. Of this purchase price, $55.5 million was allocated to producing properties, $15.0 million to 20% interests in two natural gas processing plants, and $15.3 million to leasehold properties. This acquisition was accounted for by the purchase method and was incorporated into our results of operations in the third quarter of 1998. The following unaudited pro forma supplemental information presents consolidated results of operations as if this acquisition had occurred on January 1, 1998:
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This page was last updated on Saturday, February 08, 2003 , at 07:46:33 PM . Copyright © 1994-2008 by Swift Energy Company. |
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