Santa Fe Energy Resources
Santa Fe Snyder Corporation was an independent oil and gas exploration and production company headquartered in Houston, Texas. The company was formed by the 1999 merger of Houston-based Santa Fe Energy Resources and Fort Worth-based Snyder Oil Corporation. Santa Fe Snyder merged with Devon Energy in August 2000. Devon Energy Corp., Oklahoma City, has agreed to acquire Santa Fe Snyder Corp., Houston, for about $3.35 billion in stock and assumed debt, in a deal creating one of the top five US independent oil and gas companies. Devon Chairman Larry Nichols says the combined company will be stronger to compete than either partner would be independently. Santa Fe Snyder was a publicly held company traded on the New York Stock Exchange under the ticker symbol SFS. Devon Energy Corporation, based in Oklahoma City, has entered into an agreement to purchase Houston-based Santa Fe Snyder Corporation for approximately $3.35 billion in a stock and assumed debt deal. The acquisition will estab ...
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Petroleum Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the wor ...
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Houston, Texas
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ...
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Devon Energy
Devon Energy Corporation is an energy company engaged in hydrocarbon exploration in the United States. It is organized in Delaware and its corporate operative headquarters are in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its primary operations are in the Barnett Shale STACK formation in Oklahoma, Delaware Basin, Eagle Ford Group, and the Rocky Mountains. The company is ranked 520th on the Fortune 500. It is not on the Forbes Global 2000. As of December 31, 2021, the company had proved reserves of , of which 44% was petroleum, 27% was natural gas liquids, and 29% was natural gas. History Devon was founded in 1971 by John Nichols and his son, J. Larry Nichols. In 1988, the company became a public company via an initial public offering. In August 2000, the company was added to the S&P 500. In 2004, Devon was one of several companies in the petroleum industry for which shareholder resolutions were introduced that would have required the companies to monitor th ...
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Gulf Of Mexico
The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of the United States; on the southwest and south by the Mexico, Mexican States of Mexico, states of Tamaulipas, Veracruz, Tabasco, Campeche, Yucatan, and Quintana Roo; and on the southeast by Cuba. The Southern United States, Southern U.S. states of Texas, Louisiana, Mississippi, Alabama, and Florida, which border the Gulf on the north, are often referred to as the "Third Coast" of the United States (in addition to its Atlantic and Pacific Ocean, Pacific coasts). The Gulf of Mexico took shape approximately 300 million years ago as a result of plate tectonics.Huerta, A.D., and D.L. Harry (2012) ''Wilson cycles, tectonic inheritance, and rifting of the North American Gulf of Mexico continental margin.'' Geosphere. 8(1):GES00725.1, first p ...
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Permian Basin (North America)
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. The basin contains the Mid-Continent oil province, Mid-continent oil field province. This sedimentary basin is located in western Texas and southeastern New Mexico. It reaches from just south of Lubbock, Texas, Lubbock, past Midland, Texas, Midland and Odessa, Texas, Odessa, south nearly to the Rio Grande River in southern West Central Texas, and extending westward into the southeastern part of New Mexico. It is so named because it has one of the world's thickest deposits of Rock (geology), rocks from the Permian geologic period. The greater Permian Basin comprises several component basins; of these, the Midland Basin is the largest, Delaware Basin is the second largest, and Marfa, Texas, Marfa Basin is the smallest. The Permian Basin covers more than ,
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Companies Based In Houston
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Defunct Oil Companies Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...