Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle

In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.html Advertisements

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5 Ways That Fracking Is Helping Our Environment – FrackFeed

Despite false claims and accusations from extreme environmentalists, fracking and natural gas actual help our environment! Click to find out how! — Read on www.frackfeed.com/5-ways-that-fracking-is-helping-our-environment/

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Why Chevron Bought Anadarko

Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/

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Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas

Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas — Read on www.texansfornaturalgas.com/texas_shipping_lane_cut_trade_deficit

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Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters

HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.  Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]

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Judge blocks Keystone XL pipeline | TheHill

A federal judge blocked the controversial Keystone XL oil pipeline Thursday, saying the Trump administration’s justification for approving it last year was incomplete. In a major victory for environmentalists and indigenous rights groups, Judge Brian Morris of the District Court for the District of Montana overturned President Trump’s permit for the Canada-to-Texas pipeline, which the president signed shortly […]

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Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19 – Bloomberg

Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a […]

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Horizontal drilling boosts Permian Basin’s fortunes – Midland Reporter-Telegram

Horizontal drilling was rarely used in the Permian Basin through the 1980s but advancements in the technology have sent the region’s oil and gas fortunes soaring. “All of us who have been here a long time have seen a lot of things come and go,” said Mike Party, president and owner of Beryl Oil and […]

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Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram

The Permian Basin will need $310 billion over the next five years in order to continue to grow and potentially add 3 million barrels of oil production by 2023. The investments would fund the drilling and completion of up to 41,000 new oil wells in the West Texas region, according to a new report by […]

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North Dakota Is Now Pumping as Much Crude as Venezuela – Bloomberg

North Dakota’s oil production surged to a new record in July, putting the mid-western state on par with OPEC member Venezuela. Home to the Bakken shale play, North Dakota pumped 1.27 million barrels a day in July, according to state figures released Friday. That’s roughly the same output as Venezuela during the month. The South […]

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