permian-basin

A Texas unicorn preps for a rare oil IPO

Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort Worth oil and gas company is now worth nearly $3 billion, according to a half dozen bankers who have examined its value. An IPO would be a crowning achievement for John Sellers and Cody Campbell, who co-founded predecessor companies starting …

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A Texas unicorn preps for a rare oil IPO

permian-basin

With oil price near $50, resilient U.S. shale producers eye new chapter

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization

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With oil price near $50, resilient U.S. shale producers eye new chapter