News
WPX Energy adds to Delaware Basin acreage
WPX Energy is joining the ranks of oil and gas companies buying further into West Texas’ ultra-hot Delaware Basin. Not a week ago, the Tulsa company announced it was buying 18,000 net acres in the...
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Market Currents: Pockets of faltering oil production
With the U.S. dollar being dealt a most solid dose of the whoop-bang-wallops (WBWs), crude prices cannot help but be propelled higher today. The great British pound on track for its best day since 2008,...
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ExxonMobil doubles Permian holdings through acquisitions from Bass family
By Collin Eaton and Mike D. Smith Exxon Mobil Corp. will add billions of barrels of oil equivalent to its Permian Basin resource by acquiring a set of companies from a wealthy Bass family of Fort Worth. The...
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Market Currents: Asian oil reliance continues to grow
With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow, with OPEC’s monthly oil report out...
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The fall of Black Elk
The fall of Black Elk Energy began in New York City nearly a decade ago, with a meeting, a handshake and a loan. Looking back, those were halcyon days for John Hoffman, founder of the...
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