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The refinery eventually will process U.S. shale oil from fields in West and South Texas, Calce said in an interview. In comparison, U.S. Gulf Coast refineries largely process medium to heavy crude.
His father passed away at a young age, leaving his mother to raise their six children. She worked for oil companies and first introduced Brigham to Ayn Rand’s books, which strongly influenced his philosophy. After high school, Brigham joined the University of Texas at Austin, where in 1983 he graduated with a B.S. in Geophysics. [1]
It is the producing formation of the giant East Texas Oil Field (also known as the "Black Giant") from which over 5.42 billion barrels of oil have been produced. [3] The Woodbine overlies the Maness Shale, Buda Limestone , or older rocks, and underlies the Eagle Ford Group or Austin Chalk .
It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil . As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454 × 10 10 GJ) of proved reserves, of which 41% was petroleum ...
The payout marked the latest in a series of board decisions that allowed the oilfield supplier's top executives and founders to rake in tens of millions of dollars as shareholders saw the stock ...
There's just one problem: More oil requires more oil workers. By 2020, one industry report claims that the oil industry will have created an additional 1.3 million positions. "Even if we are ...
Spectrum News 1 Austin (formerly Spectrum News Austin, Time Warner Cable News Austin, YNN Austin, and News 8 Austin) is an American cable news television channel owned by Charter Communications. The channel provides 24-hour rolling news coverage focused primarily on Central Texas .
In 1992, the company moved its headquarters to Fort Worth, Texas. In 1997, the company acquired American Cometra for $385 million, which owned properties in the Permian Basin. [2] It also acquired assets from Cabot Oil & Gas for $92.5 million. [3] In 1998, the company acquired Domain Energy for $214 million. [4]
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