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The Permian Basin Petroleum Museum is a museum in Midland, Texas, USA, with exhibits relating to the oil and gas industry of the Permian Basin of west Texas and southeast New Mexico. Museum exhibits include the geology of the area during the Permian period, the technology of the petroleum industry, racing cars designed by Jim Hall , and ...
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.
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 Horseshoe Atoll is a westward-tilting arcuate chain of reef mounds 175 miles (282 km) long located in the Midland Basin, consisting of 1,804 feet (550 m) of limestone accumulated in the Pennsylvanian and 1,099 feet (335 m) in the Permian, with 15 significant petroleum reservoirs from 6,099 feet (1,859 m) to 9,902 feet (3,018 m) in depth. [11]
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.
As Magnolia Petroleum Company expanded its influence in the southwestern United States, Standard Oil Company of New York (SOCONY Mobil) began acquiring shares in the company. In December 1925, all Magnolia stock was exchanged for Standard Oil of New York shares, and the Texas assets were subsequently transferred to Magnolia Petroleum Company. [ 6 ]
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related to: maxum petroleum inc midland