A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
Allies of our nation’s environmentalist movement are not about to let facts get in the way of swaying public opinion in their efforts to garner support for its overreaching agenda. Case in point: a recent column by the Center for American Progress (CAP) attacking efforts to lift the ban on U.S. crude oil exports. The […]
W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
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