Search results
Results from the WOW.Com Content Network
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
He was known for his ability to identify undervalued assets and create value through careful investment and strategic planning. [2] One of Rainwater's most successful investments was in the oil and gas industry. In the 1980s, he acquired a stake in the Bass family's oil and gas company, which he later sold for a significant profit.
The Permian Basin Royalty Trust (NYSE: PBT) is a United States oil and natural gas royalty trust based in Dallas, Texas.With a market capitalization of US $790,000,000, and an average daily trading volume of about 186,000 shares at the end of 2007, it was one of the largest royalty trusts in the United States.
One of the most symbolic oil finds in United States history is being tapped once again, as private investors attempt to exert more oil from Spindletop in Beaumont, Texas. Another find in this ...
At the end of 2012, oil production in the state of Texas had reached a level not seen since the late 1990s. The state was cranking out more than 2.2 million barrels per day in December, accounting ...
Tommy works for Hamm's character, Monty Miller, an oil industry titan otherwise known as a wildcatter. "Oil and gas industry makes 3 billion dollars a day in pure profit, and it's only getting bigger.
In 1954, shareholders approved the transfer of mineral rights on the land to a new entity, TXL Oil Corporation, who could engage in the exploration, drilling and development of oil and gas properties. At the time, TPL’s holdings included approximately 1.8 million acres across 28 counties in Texas. [8]
If you’re looking to invest in the energy sector, which historically has included mostly oil and gas companies, buying an energy exchange-traded fund (ETF) is an easy way to do that.