Prairie Holding Company

Los Angeles-based Unocal agreed Wednesday to buy Prairie Holding, an exploratory subsidiary of Placer Dome that also produces crude oil and natural gas. It will pay $252 million in cash and assume $84 million in debts and other liabilities. Unocal said Prairie will add more than 20,000 acres of potential energy fields in East Texas and Louisiana, along with interests in three gas-processing plants. The operations integrate with its existing operations in the region.

Los Angeles-based Unocal agreed Wednesday to buy Prairie Holding, an exploratory subsidiary of Placer Dome that also produces crude oil and natural gas. It will pay $252 million in cash and assume $84 million in debts and other liabilities. Unocal said Prairie will add more than 20,000 acres of potential energy fields in East Texas and Louisiana, along with interests in three gas-processing plants. The operations integrate with its existing operations in the region.