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Tombalbaye enlisted Conoco, an American oil and gas company to search for oil reserves. The company found oil in several areas in 1973-1975, notably the Doba Basin in the Central African Rift system, and the Sedigui area of Lake Chad. In 1975, Tombalbaye was killed by soldiers in a coup d'état and he was replaced with a military junta. [3]
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
The Chad–Cameroon Petroleum Development and Pipeline Project was a controversial project to develop the production capacity of oilfields near Doba in southern Chad, and to create 1,070-kilometre (660 mi) pipeline to transport the oil to a floating storage and offloading vessel), anchored off the coast of Cameroon, near the city of
Occidental Petroleum announced Dec. 11 that it would acquire CrownRock in a $12 billion deal that would add assets to Occidental’s portfolio in the Midland sub-basin on the eastern side of the ...
Diamondback Energy, Inc. is an American company engaged in hydrocarbon exploration headquartered in Midland, Texas. As of December 31, 2020, the company had 1,788 million barrels of oil equivalent (1.094 × 10 10 GJ) of estimated proved reserves, of which 52% was petroleum, 24% was natural gas, and 24% was natural gas liquids.
The company was a first mover in long-lateral wells and 40+ stage completions, achieving an average of 2,800 barrels of oil equivalent per day by December 2011, when the company was sold to Statoil ASA (now Equinor) for $4.7 billion. [4]
Registered in Guernsey under the name Midland Resources Holding Ltd, the group owns a number of subsidiaries across the agriculture, manufacturing, real estate, shipping and steel industries. The group's co-founders are billionaires Alexander Shnaider (chairman), a Soviet -born Canadian national , and Ukrainian-born Eduard Shifrin of London , UK.
Chambers worked as a businessman in the oil industry in Dallas and Midland, Texas. [2] With William Kennedy, he co-founded C & K Petroleum in 1953. [2] The oil and gas company was active in the Permian Basin, the Gulf Coast, the Mid-Continent oil province, the Rocky Mountains and Western Canada. [1]
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