El Paso may get back into the M&A game

摘要

After years of slimming its portfolio through divestitures and honing its E&P operating focus,Houston-based El Paso Corp.'s E&P side of the business is now open to playing the acquisition game again,according to chief executive Doug Foshee.The purchase could be as small as a 5-million working interest up to more than 1 billion,Foshee says.Any acquisitions will likely be E&P-focused because of the regulatory red tape inherent in pipeline acquisitions,he adds.