Sumitomo’s Loss Shows Shale Isn’t Booming for Everybody

Posted by Bloomberg: Asjylyn Loder on October 20th, 2014
Bloomberg: Land in the Permian Basin, the busiest shale patch in the U.S. oil boom, is worth either $1,000 an acre or 50 times more, depending. On Sept. 29, Calgary-based driller Encana Corp. (ECA) announced plans to buy a company that owns a West Texas prospect for $7.1 billion, or about $50,000 an acre. One day later, Tokyo-based Sumitomo Corp. estimated its land in the same region was worth a fraction of that price when it took a $1.55 billion writedown on its investment. The disparity shows how fickle......

Read Complete Article at Water Conserve: Water Conservation RSS News Feed

Posted in Water Conservation
«
»
You can leave a response, or trackback from your own site.

  • Archives

  • Categories

  • December 2024
    M T W T F S S
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  

  • Featured Sponsors

    Get your MLB tickets at Stub for your favorite teams. We have Arizona Diamondbacks Tickets, Atlanta Braves Tickets, Baltimore Orioles Tickets, Boston Red Sox Tickets and hot tickets to Chicago Cubs - Chicago Cubs Tickets.

    The Chicago White Sox Tickets, based in Chicago Illinois, is one of the most recognized MLB teams in the world. They play at U.S. Cellular Field. We also have popular Ohio teams: Cincinnati Reds Tickets, and Cleveland Indians Tickets.

    Colorado Rockies Tickets
    The Colorado Rockies are a Major League Baseball team based in Denver, Colorado. Established in 1991, they started play in 1993, the Rockies play in the West Division of the National League.

    Detroit Tigers Tickets
    The Detroit Tigers are a Major League Baseball team based in Detroit, Michigan. One of the American League's eight charter franchises, the club was founded in Detroit in 1894.

    Florida Marlins Tickets
    The Florida Marlins are a professional baseball team based in Miami Gardens, Florida.

    Houston Astros Tickets
    The Houston Astros is a Major League Baseball team located in Houston, Texas. They are a member of the Central Division of the National League.

    Kansas City Royals Tickets
    Kansas City refers to two cities and a metropolitan area situated at the confluence of the Kansas and Missouri Rivers.

    Stub has your Los Angeles Angels of Anaheim Tickets, Los Angeles Dodgers Tickets, the famous Brewers - Milwaukee Brewers Tickets, Toronto Blue Jays Tickets, Washington Nationals Tickets and Minnesota Twins Tickets for a cheap priced seats!

    New York Mets Tickets
    The Mets are a professional baseball team based in the borough of Queens in New York City.

    New York Yankees Tickets
    The New York Yankees are a professional baseball team based in the borough of the Bronx, in New York City, New York

    The Oakland Athletics are a Major League Baseball team based in Oakland, California. Oakland Athletics Tickets

    The Philadelphia Phillies are a Major League Baseball team based in Philadelphia, Pennsylvania. They are the oldest continuous, one-name, one-city franchise in all of professional American sports.
    Philadelphia Phillies Tickets

    The Pittsburgh Pirates are a Major League Baseball club based in Pittsburgh, Pennsylvania.
    Pittsburgh Pirates Tickets

    Other MLB teams such as the San Diego Padres Tickets, San Francisco Giants Tickets, great priced Seattle Mariners Tickets, St. Louis Cardinals Tickets, the hot team based in Florida Tampa Bay Rays Tickets and the Texas Rangers Tickets.