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A number of oil companies bought federal leases offshore North Carolina, but in 1990 the U.S. Secretary of Commerce denied Mobil Oil permission to drill after Congress passed the federal North Carolina Outer Banks Protection Act, prohibiting leasing and drilling on federal seabed offshore from North Carolina. Mobil and Marathon Oil sued the ...
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Warwick Investment Group is a SEC-registered investment advisor, managing funds that invest globally in natural resources and real estate. Warwick has an established track record in strategic consolidation in these sectors, having completed more than 4,000 transactions since inception.
XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company. [11] The company was started by Bob R. Simpson, Steve Palko and Jon Brumley with US$35 million raised by former Goldman Sachs co-chairman Robert Rubin. [7] Initially, the company purchased and developed long-lived oil and gas production properties. [12]
Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the...
Again On Thursday, oil prices jumped 5% in yet another head-spinning day of trading. Oil price estimates now range from Citigroup’s bearish $65 target to JPMorgan’s “high-on-life” $380. So ...
Offshore oil and gas in the United States provides a large portion of the nation’s oil and gas supply. Large oil and gas reservoirs are found under the sea offshore from Louisiana, Texas, California, and Alaska. Environmental concerns have prevented or restricted offshore drilling in some areas, and the issue has been hotly debated at the ...
U.S. investor Acadia Infrastructure Capital and companies including Microsoft are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead ...
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