Enterprise Oil Plc

Texas Eastern Corp.'s oil and gas production and exploration units will be sold for about $1.4 billion to a British concern to help finance a friendly takeover by Panhandle Eastern Corp., Panhandle announced Wednesday. The agreement with Enterprise Oil PLC was reached just days after the two Houston natural gas companies signed a $3.2-billion merger agreement.

Sacks are down all around the National Football League. Points are up. And the agent for one Charger player says the team's owner, construction magnate Alex Spanos, is now taking game films home to study, as if they were profit statements, spreadsheets or the latest government figures on housing starts. Worse for Charger defensive coordinator Ron Lynn is that his immediate superior, first-year Coach Dan Henning, is still installing an offensive system.

Sacks are down all around the National Football League. Points are up. And the agent for one Charger player says the team's owner, construction magnate Alex Spanos, is now taking game films home to study, as if they were profit statements, spreadsheets or the latest government figures on housing starts. Worse for Charger defensive coordinator Ron Lynn is that his immediate superior, first-year Coach Dan Henning, is still installing an offensive system.

Texas Eastern Corp.'s oil and gas production and exploration units will be sold for about $1.4 billion to a British concern to help finance a friendly takeover by Panhandle Eastern Corp., Panhandle announced Wednesday. The agreement with Enterprise Oil PLC was reached just days after the two Houston natural gas companies signed a $3.2-billion merger agreement.

In its second major sale in a week, Occidental Petroleum Corp. said Wednesday that it will sell its North Sea oil and gas holdings to France's Societe Nationale Elf Aquitaine for $1.35 billion in cash. The sale, applauded by analysts and Wall Street investors, will put the company ahead of schedule in meeting its goal of cutting $3 billion of long-term debt under an ambitious restructuring instituted after the death of company patriarch Armand Hammer last December.