If you think US oil companies are making obscene profits, think again. The latest Ernst & Young study shows that exploration and development costs are up sharply, while revenues have increased a little, and upstream profits have nudged upward by only a few percentage points. Nobody who can read a balance sheet would call this a “windfall.”
Quicksilver Resources Inc. has entered agreements with various private parties including Chief Resources LLC, Hillwood Oil & Gas LP, and Collins and Young LLC to acquire assets associated with the Barnett Shale formation in northern Tarrant and southern Denton counties of Texas, for $1.307 billion.
As oil becomes a scarce resource, the world will turn to other forms of energy. The head of a major investment bank is ahead of the curve in examining the various options.
Every 20 minutes, somewhere in the world, a merger or acquisition happens. Given this speed of change, affected businesses must be able to transform themselves in the most nimble and flexible way.
Organizations aiming to maintain or improve a good corporate reputation should look long and hard at the effectiveness of their current talent management process.
It is with much sadness that the board and staff of ROC Oil Co. announced the passing on June 27 of founder and CEO Dr. John Doran, after a short illness.
