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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.
It is the producing formation of the giant East Texas Oil Field (also known as the "Black Giant") from which over 5.42 billion barrels of oil have been produced. [3] The Woodbine overlies the Maness Shale, Buda Limestone , or older rocks, and underlies the Eagle Ford Group or Austin Chalk .
In March 2022, the company acquired Chief Oil & Gas for approximately $2.6 billion. [39] [40] 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. [41] In October 2024, the company acquired Southwestern Energy in a $7.4 billion all-stock deal and was rebranded as Expand Energy ...
Dallas-based Bluelofts purchased the historic 16-story Oil & Gas building and plans to turn it into 180 apartments over the next two years. Dallas-based Bluelofts purchased the historic 16-story ...
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
Accurate mapping of oil and gas land in Eddy County led to significant increases of property tax revenue during a five-year period, according to an Arkansas-based assessment company.