Norway-based Statoil ASA may be pursuing a megadeal to acquire Houston-based EOG Resources Inc.
Industry chatter online and off picked up in late February that Statoil was targeting EOG in a merger or acquisition that could exceed $50 billion — more than the $35 billion for which Houston-based Halliburton Co. is buying Baker Hughes Inc.
Analysts said the deal would make sense for Statoil, which is growing its Houston presence, and seeking to expand in U.S. shale, as EOG is the unofficial king of Texas shale. For EOG, though, it's more a matter of whether the company could be up for sale at all during the ongoing oil slump.Active rigs in North Dakota:
| 3/13/2015 | 03/13/2014 | 03/13/2013 | 03/13/2012 | 03/13/2011 | |
|---|---|---|---|---|---|
| Active Rigs | 112 | 191 | 186 | 203 | 173 |
Nine (9) new permits --
- Operators: QEP (6), EOG (3)
- Fields: Spotted Horn (McKenzie), Parshall (Mountrail)
- Comments:
- CLR renewed fourteen (14) Jersey permits but I don't think it changes anything; I track the Jersey permits here
- Oasis renewed one permit, the Ellsberry Federal, in Williams County
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90-Day Flaring Rule
The Dickinson Press is reporting that conversation groups want the 90-day flaring rule re-instated.
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Not Surprising
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Why Does This Not Surprise Me?
Chariots-On-Fire Back In The News
You just can't win. Chevy finally has a car that emits less CO2 but instead emits CO, a much more poisonous colorless, odorless, gas.
Zacks is reporting:
GM is recalling 64,000 Chevrolet Volt hybrid electric cars, per media reports. The automaker is issuing the recall due to the problem of carbon monoxide creation when the vehicle is not shut down by the driver. The company plans to update the software to solve this issue.I guess that would be just about all the Volts ever sold.
Correction: only model years 2011 to 2013.
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