May 8, 1986
Western Energy Resources Inc., an independent oil and gas company based in Newport Beach, said it lost $41,752 for the first quarter, compared with a year-earlier loss of $11,535. Revenue for the period was $95,125, down 8% from $105,753. Richard Johnson, president of the company, said its financial results were "unfavorably impacted" by the severe decline in world market prices for gas and oil.
May 12, 1987
Western Energy Resources Inc., a Mission Viejo-based oil and gas development company, reported a first quarter 1987 net loss of $31,134, compared with a loss of $41,752 for the same period a year earlier. Revenues for the period plunged 50% to $47,564 from $95,125 for the same period a year earlier. Company officials said oil and gas production in the 1987 quarter was only slightly lower than in the earlier period.
December 27, 2006 |
Anadarko Petroleum Corp., the oil and natural gas producer that bought Kerr-McGee Corp. this year, sold fields in Louisiana to Exco Resources Inc. for $1.6 billion to cut debt. Dallas-based Exco, which went public in February with billionaire hedge fund manager T. Boone Pickens as its largest shareholder, will almost double its oil and natural gas reserves with the acquisition.
October 20, 1998 |
Western Resources Inc.'s Protection One unit agreed to buy medical-alert company Lifeline Systems Inc. for $179 million in cash and stock in its first move into the health-monitoring business. Culver City-based Protection One, the second-largest monitored-security firm in the U.S., said it will pay a combined value of $29.74 a share for Lifeline. It said $14.50 will be in cash and $15.24 will be in shares in a new holding company, based on Protection One's closing share price Friday.
July 1, 1998 |
Rogers Communications Inc., Canada's largest cable television company, said Tuesday that it sold its security alarm business to Protection One Inc., the second-biggest U.S. residential burglar alarm company, for an undisclosed amount. With the acquisition, Culver City-based Protection One, which catapulted into the No. 2 slot with its purchase of Network Multi-Family Corp. in February, moves into the highly competitive Canadian market. Toronto-based Rogers Canguard Inc.