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.
The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.
In the short space of less than two weeks, there have been several climate change actions that might be signs bordering on desperation. First, Secretary of State John Kerry stated that climate change was like a weapon of mass destruction. And then, President Obama announced plans for additional heavy-duty vehicle fuel efficiency and greenhouse gas […]
Canary, an oil field services company based in Denver, recently boosted its Texas presence with the acquisition of American Wellhead, an Odessa-based wellhead sales and service company active in the Permian Basin. Canary CEO Dan Eberhart spoke with FuelFix recently about the company’s activities.
Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.
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