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Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and the payments to the lessor. [6]
The iconic "Breaking Bad" house in Albuquerque, New Mexico, is up for grabs for $4 million because the current owner is fed up with constant attention from fans of the show. The house was the TV ...
The average salary for those jobs will be $60,000 to $90,000, the release states, adding that the company plans to invest $94 million in New Mexico over the next 10 years.
The company announced major discoveries in 2010 in the Eagle Ford Group. [15] In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million. [16] In December 2014, the company sold its assets in Canada. [17] [18] Also in December 2014, founder Mark G. Papa resigned from the board of directors. [19]
In June 2010, the company acquired assets in the Gulf of Mexico from Devon Energy for $1.05 billion. [28] In July 2010, the company acquired assets from BP in Texas, southeast New Mexico, western Canada, and Egypt for $7 billion. [29] In November 2010, the company acquired Mariner Energy for $2.7 billion. [30]
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