News
Texas energy sector declined for 10 straight months in 2019
An index measuring the strength of the Texas oil industry fell by nearly 10 percent last year, showing a steady decline, but certainly not any kind of crash on par with with the last oil...
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Bankrupt Alta Mesa assets sold for $320M
The oil and gas and pipeline assets of the now-defunct Alta Mesa Resources were sold for $320 million to a partnership between an Oklahoma startup and a Houston private equity firm. Source: FuelFix
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Oil extends recovery as traders reassess virus threat to demand
(Bloomberg) — Oil continued its recovery from a three-month low as traders reassessed the threat to demand from China’s coronavirus, and as U.S. industry data showed a drop in crude inventories. Futures traded near $54...
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Oil snaps 5-day slide as investors weigh virus's toll
(Bloomberg) — Oil rebounded from its lowest level since mid-October as investors weighed the extent to which China’s coronavirus would hurt fuel demand. Futures recovered 0.6% in New York on Tuesday after losing more than...
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Former Black Elk CEO gets deal to dismiss fraud scheme charges
The former head of Houston’s Black Elk Energy reached a deal to eventually dismiss charges that he helped run a Ponzi scheme fraud with the company’s New York hedge fund owners. Source: FuelFix
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