Oil and gas mergers and acquisitions are expected to surge with upwards of $50 billion in new U.S. deals for the rest of the year following a spring lull, according to a new report.
Oil prices could top all-time highs near $150 a barrel because energy companies are investing too little money in new production, Bernstein Research said Friday.
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President Trump said on Saturday that King Salman of Saudi Arabia has agreed to up its oil production by as much as “2,000,000 barrels” to help bring down prices after instability in Iran and Venezuela.
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Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.
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Topics: Oil and Gas Industry News