TXCO Seeks to Transfer Texas Oil Exploration Rights
By Christopher Norton ( September 4, 2009, 2:17 PM EDT) -- Bankrupt oil company TXCO Resources Inc. has asked a judge to allow an amendment to its joint exploration agreement with EnCana Oil & Gas Inc. so that TXCO can avoid spending $25 million on drilling new wells by transferring certain oil exploration and production rights in three Texas counties to Redemption Oil & Gas LLC....
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