Tag: Pioneer Natural Resources

Commentary: To Appease Environmentalists, the FTC Will Cripple U.S. Energy

RealClearWire
FTC Chair Lina Khan

In the movie The Perfect Storm, George Clooney and Mark Wahlberg are among the crew of a boat off the Northeast coast that is caught in the convergence of multiple powerful storms. The combination of tempests ultimately takes down the craft and its crew. We should all hope one of our nation’s most vital industries doesn’t succumb in similar fashion as it is caught in a perfect storm of ideological rigidity, bureaucratic arrogance, and regulatory overreach.

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America’s Largest Oil Company Pays Nearly $60 Billion for Pioneer Natural Resources

Pennsylvania Daily Star Staff

ExxonMobil announced Wednesday that it has acquired Pioneer Natural Resources in a major deal in the oil and gas industry.

America’s largest oil company is merging with Pioneer, which controls a strong portfolio of assets in the oil- and gas-rich Permian Basin of Texas and New Mexico, in an all-stock transaction valued at about $59.5 billion, Exxon announced. The deal could draw antitrust scrutiny from the Biden administration, which has already demonstrated its distaste for long-term fossil fuel development, according to Axios.

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