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The D6 block was the largest natural gas discovery in company history, currently it also includes a gas processing plant (the block also includes the MA oil fields). Mining licenses expire in 2028. Contributed 85% of revenue in the quarter ended June 2011. Natural gas produced is purchased under long-term contracts and sold on the spot market.
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
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]
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.
The 2000s commodities boom, commodities super cycle [1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s.
Price Description of Assets Ref(s). 1 May 2004: Acquisition Evergreen Resources Inc. $2.1 billion in cash and stock Natural gas assets in Colorado [10] 2 April 2012: Acquisition Carmeuse Industrial Sands $297 million Producer of Hickory frac sand [9] 3 May 2013: Divestiture Sinochem Group: $1.7 billion
In March 2022, the company acquired Chief Oil & Gas for approximately $2.6 billion. [41] [42] In May 2023, the company sold a portion of its oil and gas assets in the Eagle Ford shale for US$1.4 billion, to Ineos. [43] In October 2024, the company acquired Southwestern Energy in a $7.4 billion all-stock deal and was rebranded as Expand Energy.