Archives for September 2019
Texas oil and gas activity declines in third quarter
Oilfield service firms drove the decline in activity, with executives reporting activity in the industry has significantly contracted last quarter. Source: FuelFix
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Aramco set to formally announce listing plan next month
Saudi Aramco will kick off its much-anticipated initial public offering next month as the oil giant recovers faster than expected from the biggest terror attacks in its history. Source: FuelFix
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Elliott renews call for Marathon Petroleum to split; shares jump
Elliott Management Corp. renewed its push for Marathon Petroleum Corp. to split into three separate businesses, a move the hedge fund said would unlock more than $22 billion in value. Source: FuelFix
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New Pickering Energy partners with Henry Resources for $500M Permian investment
The new Houston energy investment firm Pickering Energy Partners is forming a joint venture with Midland’s Henry Resources to invest about $500 million in acquiring and developing Permian Basin acreage. Source: FuelFix
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