Is it time to buy some oil acreage? $ 900 million deal says yes – Journal of Petroleum Technology
U.S. Energy Information Administration The Wolfcamp Formation in the Midland Basin, which is part of the Permian Basin, has attracted many oil companies because of its cumulative potential. Here is a map of the formation’s structure and thickness. A private equity firm has agreed to contribute $ 900 million to start a company that will […]
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