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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]
As of 2015, it had a total economic value of more than $6 billion and 628 employees providing support, making it one of the largest midstream petroleum services company in the United States. [5] In June 2023, Phillips 66 increased its ownership stake in DCP Midstream to 86% by acquiring all publicly-listed stock from the New York Stock Exchange ...
The Midland Cogeneration Venture (MCV) is a natural gas-fired electrical and steam co-generation plant in Midland, Michigan owned by Midland Cogeneration Venture Limited Partnership. When it began operation in 1991, it was the largest gas-fired steam recovery power plant in the world.
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.
Lion Oil Company is a private corporation engaged in refining and production of oil, gasoline, and oil-based products. It also manufactures asphalt, industrial solvents and roofing materials. [ 1 ] It also operates a gathering and transportation system that moves oil products in interstate commerce. [ 2 ]
Western Refining, Inc., is a Texas-based Fortune 200 [8] and Global 2000 [9] crude oil refiner and marketer operating primarily in the Southwestern, North-Central and Mid-Atlantic regions of the United States.
Wesco was founded in 1952 by Bud Westgate. In the 1980s and 1990s, the company expanded by acquiring Rengo Oil (15 stores) and Weaver Oil (19 stores). Wesco now owns and operates a bulk fuel and propane business under the name Wesco Energy, along with six Subway locations and six Wesco Deli locations. [2]
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]