Private equity and fossil fuels haven’t exactly been on the BFF list for a while, but one Dallas-based firm wants you to know that when it comes to oil and gas and investments, it’s decidedly different. ...
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Let’s say you’re the UK’s largest oil and gas producer recording 208 MBOED in global volumes of which 90% is from the North Sea. Last year you posted $2.4 billion in profits. But along came a new windfall tax and, suddenly, that $2.4 billion in profits just became $8 million. ...
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Enverus has released its annual list of the nation’s most prolific private E&Ps, and surprisingly the top two aren’t Texas-based....
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You could say father and son Steve and Caleb Weatherl are Permian bit. With the nation’s most prolific oil basin fortuitously situated in their own backyard, the executive chairman and CEO team of newly minted, Midland-based Garrison Energy don’t have to look far for their next command performance as savvy Permian producers. ...
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We all know the U.S. is beyond rich in natural resources. Witness the shale revolution that has unlocked more crude oil and natural gas than we as a nation can even consume. We also happen to be sitting on top of one of the world’s largest deposits of lithium—which, ironically, we must import to the tune of 3,600 metric tons last year. Reese Energy Consulting today is following the latest on lithium here at home and those who are reawakening an industry we literally exported out of the country in the 70s. Okla. City-based Galvanic Energy has announced the $100 million sale of its drilling rights across 120,000 acres in the brine-rich Smackover Formation in Ark., to ExxonMobil. Seems Exxon aspires to become a major lithium supplier to the U.S. electric vehicle market—something it calls “Drilling for electric cars.” At the same time, same formation, Ark.-based Standard Lithium has drilled...
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April 12, 2019 was an auspicious day for Chevron. The supermajor, whose oil and gas tentacles extend across the world, announced it had reached an agreement to acquire Anadarko Petroleum for $33 billion. ...
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