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The company was founded as W.T. Carter & Bro., a lumber company, in 1876. [1] [3]The company discovered the Double A Wells Field in East Texas in 1985. [3] It began drilling oil in the late 1980s. [3]
[3] [2] The assets were owned in a joint venture with a fund of The Blackstone Group. [4] In August 2015, in partnership with GSO Capital Partners, the company acquired its GEP Haynesville assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. [5]
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "Petros", or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word, respectively) means "stone" or ...
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Because Blackstone — the world’s largest alternative asset manager, with $1 trillion in assets under management — is currently measuring U.S. inflation at around 2%, which happens to be the ...
In 2021, the EPA and Nuka Research and Planning Group developed a geographic response strategy for 10 locations along the Blackstone River in case of an oil spill. The strategy details how the EPA ...
In early 1897 the engine was described as Blackstone's oil engine, Carter's patent, [8] [9] but by September this had changed to "Blackstone's Patent Oil Engine". This was produced in large numbers and became a key product for the company - at the time of Frank Carter's death in 1934 there were over 100,000 of these engines in all parts of the ...
The venture, being developed by Transmission Developers Inc. (TDI), a Blackstone Group, L.P. (Blackstone) portfolio company, would carry clean energy—hydropower and wind power from eastern Canada—and feed it directly in the New York City electricity market.