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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] In November 2021, the company sold its Haynesville Shale GEP Haynesville asset, then producing 700 MMcf/d, to Southwestern for $1.85 ...
It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil . As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454 × 10 10 GJ) of proved reserves, of which 41% was petroleum ...
EOG received properties in West Texas and the New Mexico, specifically in the Permian Basin, in exchange for properties in Texas and Oklahoma. [9] The company was added to the S&P 500 index in October 2000. [10] The company acquired properties in Canada from Husky Energy for $320 million in 2003. [11] [12]
In November 2021, the company acquired Vine Energy, which operated in the Haynesville Shale. [39] [40] 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]
The company was founded in Dallas in 1994 by Trevor Rees-Jones. [2]In June 2006, the company sold a leasehold interest in 169,000 net acres with proved reserves of 617 billion cubic feet of natural gas equivalent to Devon Energy for $2.2 billion in cash.
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America.Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources.
In this method, the material is extracted across a horizontal plane while leaving "pillars" of untouched material to support the roof. These pillars reduce the likelihood of a collapse. Oil shale can also be obtained as a by-product of coal mining. [1] The largest oil shale mine in the world is the Estonia Mine, operated by Enefit Kaevandused. [13]
The date usually cited as the end of the oil shale boom is Sunday, 2 May 1982, known locally as “Black Sunday,” when Exxon announced that it was closing its Colony Oil Shale Project and laying off more than 2,200 workers. The project, with a final price tag of US$5 billion, had cost its owners more than $1 billion by the time they quit.
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