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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]
Texas City Independent School District is a public school district based in Texas City, Texas. It serves most of Texas City and La Marque as well as a portion of Tiki Island. [2] In 2009, the school district was rated "academically acceptable" by the Texas Education Agency. [3]
The Texas Oil and Gas Association (TXOGA) is a industry group representing the petroleum and natural gas industries in Texas. Texas is the biggest producer of fossil fuels in the United States, account for 41% of crude oil production, 25% of natural gas, and 31% of refining capacity. [1]
As of December 31, 2020, the company had 3.219 billion barrels of oil equivalent (1.969 × 10 10 GJ) of estimated proved reserves, of which 98% was in the United States, 2% was in Trinidad and Tobago, and a negligible amount was in Canada and China. The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas. [1]
The company was founded in 2003 by Michael C. Linn. [2]In 2006, the company became a public company via an initial public offering that raised over $200 million. [3]In 2007, the company doubled its holdings by acquiring many of the oil and gas assets of Hogshead Spouter and Dominion Energy, mainly in Oklahoma, for $2.05 billion.
In 2008, Pioneer became the first independent operator to produce oil on the Alaska North Slope. [12] [13] 5 August 2014: Divestiture Linn Energy: $340 million Non-producing assets in the Hugoton Basin [14] 6 June 2015: Divestiture Enterprise Products Partners: $2.15 billion Midstream joint venture with Reliance Industries for assets in the ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]
Merit Energy Company is one of the largest privately held US-based oil and gas companies by production volume, [2] with some $1 billion in net income on $2.1 billion in revenue. [1] The company was formed in 1989 by William K. Gayden, formerly of EDS and Petrus Oil and Gas L.P., which was founded by H. Ross Perot .