News
Drilling Down: Spraberry play heats up in West Texas
There’s a race underway to use horizontal drilling and hydraulic fracturing to unlock the potential of a West Texas sandstone formation once dubbed “the world’s largest unrecoverable oil reserve.” Source: FuelFix
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Rig count dips in Permian as oil prices fall
As crude prices plunged in recent weeks, the number rigs drilling in West Texas’ booming Permian Basin continues to fall. Source: FuelFix
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Anadarko’s CEO Gets a $98 Million Golden Parachute After Sale
Anadarko Petroleum Corp. Chief Executive Officer Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum Corp. The payout is part of $300...
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Oxy's pursuit of Anadarko – two years in the making
Occidental Petroleum’s pending $38 billion acquisition of Anadarko Petroleum is a nearly two-year tale of Oxy’s pursuit and repeated rejection until, in May, when The Woodlands-based Anadarko finally agreed to merge with Houston’s Oxy. Source:...
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Union: Dow Chemical lockout to end
Dow Chemical has ended its lockout of 235 chemical workers in Deer Park and workers will return to work Monday, the United Steelworkers union said Thursday evening.The lockout comes six weeks after Dow locked at...
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