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Thursday, 08 January, 2009, 23:50 GMT | more >>

Infinity sells services arms



By Upstream staff 

Denver-based Infinity Energy Resources said it had sold its Consolidated Oil Well Services and CIS-Oklahoma subsidiaries to Q Consolidated Oil Well Services for $52 million in cash.

Infinity said it would use the proceeds from the sale of its oilfield services operations to repay debt under its senior secured notes facility.


Friday, 15 December, 2006, 22:25 GMT  | last updated: Friday, 15 December, 2006, 22:25 GMT

Denver: home to Infinity Energy Resources
 

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