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...This would include reopening federal land that has been restricted to oil and gas drilling, added Sands....
...Gas output growth will also decelerate as a result of a drop-off in production that comes as a byproduct of oil drilling in the Permian Basin, the vast field stretching between Texas and New Mexico....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...West Texas Intermediate crude settled at $78 a barrel on Tuesday....
...The cash and stock transaction, announced on Monday, will transform Midland, Texas-based Diamondback into one of the biggest participants in the sprawling Permian Basin of Texas and New Mexico, the biggest...
...A spokeswoman for the PSF confirmed that some of its holdings were in MGETS, which she noted was not on Hegar’s blacklist. “Texas PSF Corporation is in full compliance with all state laws,” she said....
...Hello and welcome back to Energy Source — coming to you from Texas today....
...“I overcame my lack of an engineering aptitude by being highly motivated, creative and a risk-taker,” he told students at the University of Texas, in Austin....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...Growth has been strongest in the Permian Basin of Texas and New Mexico, the most prolific oilfield in North America and the scene of a flurry of corporate dealmaking that points to further production gains...
...One of the biggest concerns surrounding Diamondback is its falling drilling inventory in the Midland Basin. Meanwhile, Endeavor has one of the largest in the Permian....
...The potential tie-up comes as a wave of merger and acquisition activity sweeps across the US oil and gas sector as companies look to build scale and bulk up on dwindling prime drilling acreage....
...Penni Roll, chief financial officer of Ares Management’s credit group and Ares Capital Corporation, is stepping down and will remain on as a senior leader....
...When Scott Sheffield began working for Parker & Parsley as a young petroleum engineer in 1979, he joined a company trying to make a go of a west Texas drilling play once dubbed “the graveyard of the oilman...
...We had been drilling vertically through that thin layer of shale over a large area of North Dakota for decades and decades....
...It has its own $60bn, all-stock deal for Pioneer Natural Resources in Texas. Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...In late 2022, after it was placed on a list of financial firms boycotting fossil fuel companies in Texas, BlackRock said it had invested more than $100bn in Texas energy companies, notably ExxonMobil....
...“Even as prices have come down on important items like a gallon of milk and a dozen eggs, some corporations aren’t passing those savings on to consumers,” Lael Brainard, director of the White House’s National...
...Pioneer is the largest oil producer in Texas and had a market capitalisation of $50bn at the close of trading on Thursday....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...“We’re drilling wells 10,000 feet underground into these saltwater reservoirs....
...Their dominance faded as wildcatting entrepreneurs, deploying horizontal drilling and hydraulic fracturing technology, bought up drilling rights from Texas to North Dakota and unleashed the shale revolution...
...Andrew Dittmar, director of Enverus, said the need for public buyers to secure quality drilling inventory in the Texas shale patch had been “brewing”....
...Florida governor Ron DeSantis is leading the charge with a visit on Wednesday to the energy hub of Midland, West Texas, to tout his support for American oil and gas and intention to unpick President Joe...
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