Tuesday, March 4, 2025
Billionaires circle distressed assets in U.S. oil and gas patch- oil and gas 360

Billionaires circle distressed assets in U.S. oil and gas patch

Houston Chronicle Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors. Sam Zell has teamed up with Tom Barrack Jr. to buy oil assets in California, Colorado and Texas at fire-sale prices from companies trying to get

Court tosses Carl Icahn's lawsuit seeking Occidental acquisition records- oil and gas 360

Court tosses Carl Icahn’s lawsuit seeking Occidental acquisition records

Reuters HOUSTON (Reuters) – Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed