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Permian Basin
Left: T.J. Schaefer, president and CEO of Arcadia; Right: Elliott “Tony” Roosevelt Jr., Chairman and CEO of Roosevelt Resources [Photos: LinkedIn/Roosevelt Resources]
Dallas’ Arcadia Biosciences To Merge with Dallas’ Roosevelt Resources
by Lance Murray | Dec 9, 2024
Since 2002, Arcadia has focused on agricultural innovation and next-generation wellness products, including Zola coconut water and high-fiber “better for you” products. Roosevelt is a privately held oil & gas exploration and production company that's been in the Roosevelt family "for over 100 years."
by Lance Murray |
May 3, 2024
ExxonMobil said the merger creates "an unconventional business" with the largest, high-return development potential in the Permian Basin.
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by Lance Murray |
Nov 10, 2023
Mike Williams' industry experience includes managerial and director-level positions with oil and gas producers MorningStar Partners, BlueStem Energy, Approach Resources, XTO Energy, and ExxonMobil. Most recently, he served five years as VP of reservoir engineering at Founders Oil & Gas.
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by Lance Murray |
Oct 11, 2023
The companies said the all-stock merger deal combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating "a diversified energy company with the largest footprint of high-return wells in the Permian Basin."
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[Image: Diy13/istockphoto]
U.S. Energy Development Corp. Expands Footprint in Permian Basin With $225M Investment
by Lance Murray | Apr 26, 2023
U.S. Energy Development Corp. is expanding its footprint in the Permian basin, building on its existing investments of over $400 million in the region over the past year. According to CEO Jordan Jayson, many operators in the Permian region are turning to innovation and advanced tech to tap into the remaining potential of the area, improve efficiency and safety, and maintain high levels of output.
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by Lance Murray |
Mar 28, 2023
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
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by Lance Murray |
Dec 8, 2022
In its newly released five-year plan, Irving-based ExxonMobil said that it has allocated roughly $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of almost 15%. Nearly 40% of these investments is directed toward building its lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
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by Nicholas Sakelaris |
Nov 17, 2016
The find in the Wolfcamp portion of the Permian Basin could yield up to 20 billion barrels of oil.
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