Pioneer Natural Resources put all its eggs in the Wolfcamp formation basket and now the federal government has reaffirmed that decision.
The U.S. Geological Survey released new projections for the multi-layer formation, saying there could be as much as 20 billion barrels of oil trapped below the West Texas dirt, Bloomberg reported.
Even with depressed crude oil prices, that’s $900 billion worth of oil. The Wolfcamp, which is a portion of the Permian Basin, is described as a layered cake with stacked formations, each with their own oil.
For Irving-based Pioneer, the Wolfcamp oil wells continue to surpass their engineer’s expectations. The company renewed its focus on that region, pulling out of the Eagle Ford Shale and other less lucrative plays.
Pioneer CEO Scott Sheffield, who will retire at the end of the year, has made an even bolder claim that there could be as much as 75 billion barrels of oil in the larger Permian Basin, of which the Wolfcamp is a part. That would make it second only to the Ghawar field in Saudi Arabia.
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Rare is not that rare, says the RDCC. One in ten people lives with a rare disease, and the new coalition will unify life science companies dedicated to developing treatments. The goal? To inform policymakers of the unique challenges in the space. Signature Biologics joins Dallas-based Taysha as a member of the RDCC.
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It’s the final step in a multi-year transition for the strategic communications firm launched by Gail Cooksey 28 years ago. The agency is “in great hands,” the founder said.
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The City of Irving has won silver certification from Bloomberg Philanthropies' What Works Cities—the national standard of well-managed cities recognizing the most effective use of data to inform policy and funding decisions. The honor comes in a year that's tested the mettle of municipalities nationwide. Since 2018, 40 cities have achieved the certification. This year 16 new cities were recognized, including gold-winning Austin and silver-winning San Antonio. “During the pandemic, using data to inform decision-making was more important than ever for cities," said Michael Bloomberg in a statement. “By putting data at the center of their COVID-19 response efforts, these cities saved lives and…
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The deal, valued at $575.4 million, will combine the ecommerce disruptor's platform for new and pre-owned motorcycles with powersports retail giant RideNow. What will result is a first-of-its-kind omnichannel platform for powersports—a more than $100 billion industry—in North America.
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Travelers shopping at Hudson Nonstop stores inside Dallas Love Field Airport will be the first to try Amazon One, a contactless way to enter and pay for items using only the palm of your hand.
