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.
Texas, California and New York were among the nation’s leaders in adding green energy jobs during the final months of 2013, according to a new analysis. New wind projects helped drive the growth in the Lone Star State.
Energy XXI’s $1.5 billion deal to buy another offshore oil and gas producer is a rare breed in the energy industry, as corporate acquisitions have given way to a slew of asset transactions in recent years. CEO John Schiller says it’s a chance to capitalize on synergies that oil producers don’t typically get when offshore leases simply trade hands.
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