Monterey Oil Company
| Company Deal | acquisition of assets of Fullerton Oil & Gas Corporation and sale of notes |
|---|---|
| Transaction Type | Notes / Acquisition of Assets |
| Deal Description | In this deal, Monterey Oil Company acquired the assets of Fullerton Oil & Gas Corporation. The company used a portion of the proceeds from this transaction to reduce its unsecured indebtedness to banks, incurred in connection with the purchase of the Fullerton Delaware assets. The balance was used for general corporate purposes. |