Archives for August 2016
An already-hot Permian basin continues to draw crowds
West Texas’ Permian Basin has held the hottest oil land in the United States for about two years. And it’s not slowing down. Last week, another energy firm bought in. Denver-based PDC Energy bought 57,000 acres from...
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Lucas Energy acquires Oklahoma, Texas properties
By Katherine Blunt Lucas Energy, a Houston oil and gas company, has finalized its acquisition of properties in Oklahoma and Texas, marking an expansion of operations concentrated in the Eagle Ford and Austin Chalk formations....
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Market Currents: Slowing imports indicate lower Chinese teapot demand
Crude prices are softening for a third consecutive day thus far, as a decent ADP employment report out in the U.S. has boosted expectations from Friday’s official employment report, as well as for an interest rate...
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Former Cheniere exec joins Charif Souki at Tellurian as CEO
A former Cheniere Energy executive has joined that company’s co-founder at Tellurian Investments as president and CEO. Meg Gentle had previously been executive vice president of marketing at Cheniere, the company co-founded by Charif Souki. Cheniere...
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Lamar Smith to hold hearing over Exxon climate fight
The fight around whether Exxon Mobil and other oil companies committed fraud in past statements downplaying the impact of climate change on the planet will get a public airing in Congress next month. Rep. Lamar...
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