Harvest Natural Resources Sells Utah Assets to Newfield for $215 Million; Pays Down Debt; Refocuses on International Portfolio; Drilling Ahead in Indonesia; Getting Ready to Spud in Gabon
On March 22, 2011, Harvest Natural Resources (ticker: HNR) announced it sold all of its Utah oil assets to an affiliate of Newfield Exploration Company (ticker: NFX) for $215 million in cash. The sale has an effective date of March …