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P2 Energy Solutions provides financial and accounting management software, geospatial data, land asset management tools, well lifecycle management solutions [buzzword], environmental, health & safety solutions [buzzword] [1] and outsourcing services [2] to both the upstream and mid-stream oil and gas sectors as well as the alternative energy sector.
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]
As of December 31, 2020, the company had 3.219 billion barrels of oil equivalent (1.969 × 10 10 GJ) of estimated proved reserves, of which 98% was in the United States, 2% was in Trinidad and Tobago, and a negligible amount was in Canada and China. The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas. [1]
NGC was purchased by Noble Affiliates, Inc. and Apache Corporation, independent oil and gas exploration and production companies, for a reported $50 million in 1989. [11] In 1993, LG&E Energy Corporation took a stake in NGC, which by then was the largest independent natural gas marketing firm in the United States and had revenues of more than ...
The company was founded in 2003 by Michael C. Linn. [2]In 2006, the company became a public company via an initial public offering that raised over $200 million. [3]In 2007, the company doubled its holdings by acquiring many of the oil and gas assets of Hogshead Spouter and Dominion Energy, mainly in Oklahoma, for $2.05 billion.
Image source: The Motley Fool. EOG Resources (NYSE: EOG) Q3 2024 Earnings Call Nov 08, 2024, 10:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
In 1994, the company acquired Washington Energy Resources in a $180 million stock transaction. [3] In May 1995, the company ousted John Lollar, its chairman and CEO, in part due to the ill-timing of the acquisition of Washington Energy Resources. [4] In 1997, the company sold oil reserves and land in northwest Pennsylvania for $92.5 million. [5]
EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport.It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.. EQT is the largest natural gas producer in the Appalachian Basin [2] with 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in ...