Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26
link : Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26

Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26

******************************

Trade War?

Pretty much, not. Tariffs simply bringing people together. "Dow set to surge as fears of impending trade war ease ..."

******************************

Back to the Permian  

From Bloomberg Business via social media:

Chevron, the world’s third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. The growth in U.S. oil production from shale is helping vault America into the lofty ranks of the globe’s premier -producers—Russia and Saudi Arabia—and could derail OPEC’s plans to lift crude prices.

Chevron is no newcomer to the Permian. The story of the Scharbauer SE71 well in Midland County, which when completed will extend about 9,000 feet down and then almost 2 miles sideways, began more than 75 years ago. In 1888, Texas & Pacific Railway Co. went belly-up and bondholders seized some of the lands the state had granted to the railroad. By the 1920s, drillers were tapping gushers in the region; one of those, Texaco, began snapping up control of former railroad rights of way, including, in 1962, the former railway acreage rights belonging to TXL Oil Corp. When Chevron bought Texaco in 2001, it inherited a treasure trove of untapped Permian riches.

Today, Chevron controls 2.2 million acres of Permian rock, an area the size of Yellowstone National Park. Even better, it pays little or no royalties on 80 percent of its holdings, boosting its profitability. (Typically, explorers must pay landowners 10 percent to 25 percent royalties.)

In stark contrast to Chevron’s inherited Permian position, rival Exxon Mobil Corp. paid about $6 billion for drilling rights in the region last year, after making its entrance into shale through the $35 billion purchase of XTO Energy Inc. in 2010. And Royal Dutch Shell Plc spent $1.9 billion in 2012 to build its Permian position.

Much more at the link. Many, many story lines in that article.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

https://ift.tt/2dZyQXu

Thus Article Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26

That's an article Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Soviet Spies Shudder -- March 26, 2018 -- The Political Page, T+26 with the link address https://mylivemyidea.blogspot.com/2018/03/soviet-spies-shudder-march-26-2018.html

Tweet

Subscribe to receive free email updates: