Hints and tips:
...Texas....
...“We wish BlackRock did not have such a big stake in Exxon to push them around, bully them and vote against oil-and-gas exploration — vote against energy that Americans and Texans need,” Hughes said....
...Tesla, once confined to its Fremont plant and a Nevada battery factory, now has the Texas, German and Chinese plants also demanding Musk’s attention....
...It also has operations in Wyoming and the Permian Basin in Texas....
...“The only question I have is, at some point, it would seem we will run out of inventory — [exploration and production] companies that have not filed bankruptcy yet.”...
...Moving a factory to Texas brings them closer to this audience,” Mr Herger says. Mr Musk may also have had sound financial reasons to act out....
...With West Texas Intermediate crude settling on Monday at $26.08 a barrel, he said oil refiners were buying less crude....
...(FT, Barron’s) What else we’re reading The last oil frontier Oil exploration is a risky, time-consuming and expensive endeavour....
...Throughout it all, the raider from the Texas Panhandle preached the virtues of hard work and physical fitness....
...From the press release (with our emphasis):DALLAS and CAESAREA, Israel, November 20, 2018 — Zion Oil & Gas, Inc....
...The prescience of that decision became clear in the middle of the last decade, when the US shale boom came into its own and EOG invested heavily in the Permian Basin region of Texas....
...Basin of Texas and New Mexico....
...From the filing: On Thursday, June 21, 2018, Zion Oil & Gas, Inc....
...The US exploration and production company that discovered huge gas reserves in deep water off the coast of Mozambique in 2010, said it had made enough progress in agreeing deals with customers, securing...
...The two regions where the shale oil industry began were the Eagle Ford shale of south Texas and the Bakken formation of North Dakota. Today it is the Permian Basin of west Texas and eastern New Mexico....
...With the Texas-based company’s current market cap of approximately $25bn, the buybacks would represent approximately 10 per cent of Anadarko’s current outstanding common shares, according to the announcement...
...“A lot of our exploration effort is going towards natural gas.”...
...Of the 10 largest US exploration and production companies to have gone into Chapter 11, eight have emerged and are still operating, having shed billions of dollars of debt....
...In the Permian Basin of Texas and New Mexico, the red-hot heart of the new boom, the number of rigs running has already hit the levels that were expected for next year, says Benjamin Shattuck of Wood Mackenzie...
...The Permian Basin of western Texas and eastern New Mexico has become the hottest region in the US shale oil industry, for drilling, for production and for dealmaking....
...In core areas of the Permian and Eagle Ford basins of Texas, the amount of crude produced per foot of pipe in the ground has risen between 70-120 per cent from 2012 to 2016, with further gains to come in...
...Exploration in the Permian has a long history, with the first oil struck in 1923, and west Texas has experienced several cycles of boom and bust....
...West Texas Intermediate, the US benchmark, fell 3 per cent to $47.05 on Monday, ending a rally that saw its price rise more than 20 per cent since August 2....
...Among the leaders was EOG Resources, a large exploration and production group, which jumped 3.5 per cent to $93.52....
...The decision saw the price of Brent crude, the international benchmark, leap 5.9 per cent yesterday, while West Texas Intermediate gained 5.3 per cent, handing the two benchmarks had their best one-day gains...
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