Monday, November 4, 2024
Oryx Pipeline Texas - Oil & Gas 360

How to Turn $125 Million into a Half Billion Dollars

Follow WPX’s lead: develop, sell pipeline infrastructure in Texas A subsidiary of WPX Energy (stock ticker: WPX) and its joint venture partner in the Oryx II pipeline have completed the sale of a pipeline project. WPX received net proceeds of approximately $350 million for its 25% equity interest in Oryx II after adjusting for debt financing related to Oryx II.

Shell - Oil & Gas 360

Shell Starts Production at Appomattox

By Tyler Losier, Energy Reporter, Oil & Gas 360   Deeper water targets available with new Gulf of Mexico platform Royal Dutch Shell plc (stock ticker: RDS.A), through its subsidiary Shell Offshore Inc., brought its Appomattox floating production system online Thursday, in what is now the first commercial discovery operational in the Gulf of Mexico Norphlet formation. The deep-water oil

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