After its debut as a public company in October 2012, Diamondback Energy’s stock has gone up more than 200% in the past year alone. An independent energy producer with a market capitalization of about $3 billion, the company currently sells for more than 82 times trailing earnings. 27 more words
Tags » Permian
Production in West Texas’ Permian Basin has grown at a moderate clip over the last few years, but how does it stack up to its faster-growing peer resource plays? 49 more words
Conform celor mai recente studii, 90% dintre vietuitoarele pamantului din Pernian (perioada geologica din era paleozoica de acum circa 299-250 de milioane de ani) au fost ucise in doar 60.000 de ani, aceasta fiind cea mai mare extinctie a animalelor si plantelor din istoria Terrei. 543 more words
MIT researchers find that the end-Permian extinction happened in 60,000 years — much faster than earlier estimates.
Jennifer Chu, MIT News Office
The largest mass extinction in the history of animal life occurred some 252 million years ago, wiping out more than 96 percent of marine species and 70 percent of life on land — including the largest insects known to have inhabited the Earth. 1,650 more words
When the Cline Shale first moved into the public eye a couple of years ago, the West Texas play quickly set aflame industry’s imagination of a Saudi Arabia-like reservoir that would provide tens of billions of barrels of crude for the oil-hungry US market.“Shale oil field 3 times bigger than the Eagle Ford and 6x bigger than the Bakken,” read one headline.“Cline Shale could be biggest in US history,” read another.But the Cline, alone, has not yet lived up to the hype, although exploration there is still in its infancy compared to the slightly more mature and greatly prolific Wolfcamp formations above it. 16 more words