Murphy Oil sells holdings in Ecuador
Murphy Oil Corp. of El Dorado said Friday that it has sold all its holdings in oil producing properties in Ecuador to Repsol YPF Ecuador SA The deal was effective March 1.
Houston-based Rio Bravo Oil Inc has acquired Pan American Oil Co LLC for 5.5m shares of the company's Series A convertible redeemable preferred stock and assumption of $3m of Pan American's debt.