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May 25, 2018

North Dakota Oil, Gas Revenue up 25%

May 25, 2018

From KFGO North Dakota’s oil and gas tax collections are running 25 percent above forecast due to rebounding crude prices. A report by the Legislature’s research arm shows North Dakota’s oil and gas revenue is $1.6 billion for the state’s current two-year budget cycle that began in July. That’s $323 million more than initial estimates. Legislative Council’s report was presented

Exxon CEO’s Solution on Shares: Drill Big, Drill Better

May 25, 2018

From Bloomberg  As stock slumps, Woods sees a chance for longer term gains  Buybacks will come only with excess cash as projects grow Darren Woods is mounting a strong defense of his plan to rescue Exxon Mobil Corp. from its share-price slump with $200 billion of investment over seven years that’s at odds with the belt-tightening undertaken by rivals. Woods’ solution, outlined

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