_Economy and Finance

NYT March 21, 2012, 12:24 pm Mergers & Acquisitions Korean Oil Firm Is Part of Group Buying El Paso Assets By MICHAEL J. DE LA MERCED The consortium of firms buying the El Paso Corporation’s exploration and production businesses has grown a little larger and has drawn overseas interest.

permianbasin360.com Parallel Petroleum Welcomes Samsung C&T By: Mycah Glover Updated: February 28, 2012 MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.