The Political, Market, And Energy Page, T+20 -- March 20, 2018

Toyota pauses robot-car program citing drivers' emotional toll.

Facebook's Zuckerburg in hiding.

No wonder Hillary could not win: the whole world (the Russians, the Stepford wives, Zuckerburg) were against her. No wonder she's upset.

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Shale

Apparently the ex-Occidental CEO did not get the Mark Papa memo. Steven Chazen is working on a $2.7 billion deal for EnerVest Shale.  Data points:

• TPG Pace Energy Holdings Group, a blank-check company formed by Chazen and private equity firm TPG
• agreed to acquire about 360,000 net acres in the Eagle Ford and Austin Chalk from oil and gas investment firm EnerVest Ltd
• TPG Pace: raised $650 million in a public offering in May, 2018
• TPG Pace: will change its name to Magnolia Oil & Gas Corp upon closing the deal by the end of June
• back-of-envelope: $2.66 billion / 360,000 net acres = $7,000 / acre

By the way, remember that story yesterday -- NOG to raise $120 million in new public offering? Mostly for acquisition and drilling program. If acquisition alone, in North Dakota, back-of-the-envelope: $120 million / $2,000-acre = 60,000 acres. My last update shows NOG with 145,000 net acres (2017); has had as much as 180,000 net acres (2012).

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For The Archives

The Williston Herald reports that the city of Williston bought the Heddrich building and will now tear it down.