Fracking titan is bulking up with $6.4 billion acquisition as oil prices recover
CNN
Pioneer Natural Resources announced Thursday it will buy DoublePoint Energy, a privately held oil and gas company, in a transaction worth about $6.4 billion.
The "bolt-on" acquisition will expand Pioneer's already industry-leading footprint in the Permian Basin, the largest US oil field, located in Southeastern New Mexico and West Texas. It's a show of confidence as oil prices recover from the pandemic. "DoublePoint has amassed an impressive, high quality footprint in the Midland Basin," the eastern part of the Permian Basin, Pioneer CEO Scott Sheffield said in a statement, adding that the deal "will complement our unmatched position in the core of the Permian Basin."
President Donald Trump continued his threats towards Greenland on Friday, as he insisted that if the United States did not act Russia or China would occupy it in the future.
President Donald Trump this week lashed out at congressional Republicans like he rarely has before.
A Border Patrol agent shot two people in Portland, Oregon, during a traffic stop after authorities said they were associated with a Venezuelan gang, another incident in a string of confrontations with federal authorities that have left Americans frustrated with immigration enforcement during the Trump administration.
The Bella 1 had been tailed by a US Coast Guard cutter across the Atlantic Ocean for almost two weeks when the ship’s crew employed a novel tactic to evade the US military: painting a Russian flag on its hull.
The Washington National Opera on Friday announced it is parting ways with the Kennedy Center after more than a decade with the arts institution.
‘It’s uninvestible’: Trump’s Venezuela pitch met with skepticism from oil executives
FBI Director Kash Patel has named Christopher Raia, a seasoned career agent, to replace Dan Bongino as deputy director, according to people briefed on the matter.
President Donald Trump faced Republican defections on a series of split votes this week, but his willingness to call out members of his own party convinced some wavering lawmakers to stay in line.
Trump’s description of the Mexican trafficking world – one dominated by a few cartels that can be swiftly defeated – is at odds with how the crime organizations actually operate, experts say.
The Virginian man accused of planting two bombs in Washington, DC, five years ago pleaded not guilty Friday to federal charges of transporting and attempting to use explosives.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolás Maduro, according to a US official. CNN’s Stefano Pozzebon reports from Bogota.
Oregon authorities are investigating a shooting by a Border Patrol agent in Portland that wounded two people federal authorities say are tied to a violent international gang – an incident that renewed questions about the Trump administration’s handling of its immigration crackdown in the city and across the US.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolas Maduro, according to a US official.