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At the time of the transaction’s announcement in February, Crescent Energy had said total cash consideration for the Uinta Basin assets in Utah previously owned by EP Energy was approximately ...
In 2010, Crescent Point acquired properties in the Lower Shaunavon resource play in southwest Saskatchewan from Penn West Energy Trust. [6] In May 2015, Crescent Point acquired Legacy Oil and Gas for $1.5 billion. [7] On May 29 2018, Crescent Point announced that former President & CEO, Scott Saxberg, would be leaving the company after 17 years ...
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Contango is a situation in which the futures price (or forward price) of a commodity is higher than the expected spot price of the contract at maturity. [1] In a contango situation, arbitrageurs or speculators are "willing to pay more [now] for a commodity [to be received] at some point in the future than the actual expected price of the ...
The concept started to be used by oil traders in the market in early 1990. [2] But it was in 2007 through 2009 that the oil storage trade expanded. [6] Many participants—including Wall Street giants, such as Morgan Stanley, Goldman Sachs, and Citicorp—turned sizeable profits simply by sitting on tanks of oil. [5]
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Contango Updates Operations HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that it has reached total depth on its South Timbalier 75 prospect (Fang) and no ...
The Crescent Dunes Solar Energy Project is a solar thermal power project with an installed capacity of 110 megawatt (MW) [4] and 1.1 gigawatt-hours of energy storage [1] located near Tonopah, about 190 miles (310 km) northwest of Las Vegas.