HOUSTON Royal Dutch Shell on Monday sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash.
Shell sells US oilfield for USD9.5B in move to cleaner energy borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
Around 265 million years ago, much of modern-day Texas was underwater, and the vast region known as the Permian Basin was a flourishing coral reef. Today, the organisms that once thrived there have been transformed into enormous deposits of fossil fuels and they have made the area one of the most treacherous front lines in President Joe Biden’s domestic fight against climate change.
The Permian Basin, which stretches hundreds of miles across West Texas and southeast New Mexico, accounts for 40 percent of US oil production and 15 percent of its natural gas, according to February data. Less than a year after oil prices dipped into negative territory because of the Covid-19 pandemic, production in the region has bounced back almost to pre-pandemic levels. Already, the region is the nation’s No. 1 source of methane, a greenhouse gas that warms the planet far more efficiently than carbon dioxide in the short term.
Sweetwater Man Stewart Kile Williams Pleads Guilty To $12.3 Million Wire Fraud Scheme msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Sweetwater Man Responsible for Multiple Fraud Schemes
31-Year-Old Stewart Kile Williams of Sweetwater, Texas, could spend dozens of years behind bars for perpetuating two multi-million dollar fraud schemes that involved fake identities and forged documents.
Williams was in charge of selling a select number of cattle to the Wyatt Ranch when he lied to Jones Ranch management about Wyatt wanting to purchase more cattle than they originally agreed to.
Behind the scenes, Williams used another person s identity to create a false email account and forged invoices. He tricked both Jones and Wyatt into believing the transaction was legitimate, while pocketing more than $2 million dollars during the course of the scheme.