Industry News

ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion

All-stock deal is the latest in a series of combinations in the U.S. oil patch, which has been hit hard by the coronavirus pandemic
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened at once. Photo illustration: Carlos Waters/WSJ (Originally published July 21, 2020)

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State of the Energy Markets and the Permian Basin

A keynote address by Bobby Tudor,
chairman, Tudor, Pickering, Holt, and Company
What follows below is the text (with slides) of Bobby Tudor’s keynote address to the Permian Basin Petroleum Association membership in its virtual (online) Annual Meeting held on Oct. 1, 2020. This transcript is presented minus a minute or so of his opening remarks, which we were unable to capture. We take up with his message as he begins explaining his first slide:

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Investments grow in the Permian Basin as oil and gas market shows signs of recovery

COVID-19 Reinfection In U.S., Man Has No Known Underlying Health Issues
The first known case of COVID-19 reinfection in the United States has occurred.
The 25-year-old man who was reinfected has no underlying health conditions to increase his risk.
He was infected with two distinct genetic strains within 48 days after testing negative in-between.
His second infection was more severe than the first, according to reports at UPI.
The man required hospitalization with oxygen support after his most recent infection.

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