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Finley Resources is a privately owned and operated energy company headquartered in Fort Worth, Texas, USA. [1] [2] The company operates about 2,500 oil and gas properties in nine states including Texas, Oklahoma, Utah, Wyoming, Louisiana, Mississippi, Alabama, Pennsylvania, and New Mexico.
The company was founded in 1966 in Alice, Texas as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a public company. [2] In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in Argentina, for $140 million. [3] It also acquired Forasol ...
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
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In 1992, the company moved its headquarters to Fort Worth, Texas. In 1997, the company acquired American Cometra for $385 million, which owned properties in the Permian Basin. [2] It also acquired assets from Cabot Oil & Gas for $92.5 million. [3] In 1998, the company acquired Domain Energy for $214 million. [4]
Penn Virginia acquired on 12 July 2021 Lonestar Resources an oil and natural gas company based in Fort Worth, Texas for $370 million [9] and Penn Virginia will be renamed Ranger Oil Corporation. [10] In June 2023, Baytex Energy completed their acquisition of Ranger Oil. [11]
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