Parallel adds to its Basin interests in Permian fields
Parallel Petroleum Corp announced the purchase of additional working and net revenue interests in the Means Queen Unit and Carm Ann San Andres fields in Andrews and Gaines counties Texas. The $2.85 million acquisition from 17 unaffiliated parties boosts proven reserves by 500,000 barrels of oil equivalent across 25 leases and 5,360 gross acres. Parallel’s average working interest rises to about 70 percent and net revenue interest to about 54 percent upon closing.
MENTIONED IN THIS ARTICLE
Parallel Petroleum Corp
Parallel
Southwest to offer Hawaii flights as ATA deal aids growth
Southwest Airlines moves toward full service by buying six ATA gate leases and a maintenance hangar in a code share to funnel passengers, gaining access to LaGuardia Reagan National and Waikiki. The $117 million deal signals a strategic shift under Gary Kelly and expands routes beyond short hops.
MENTIONED IN THIS ARTICLE
Lance Wolfe
Southwest Airlines
Airlines
Hawaii
Dallas Aloha
ATA
Southwest
New York
la Guardia
Washington
Reagan National
U.S
Waikiki
Herbert Kelleher
Kelleher
Sec
Denver
Pittsburgh
Minneapolis
Gary Kelly
Virgin
US Airways Group
Philadelphia
Chicago Midway
Chicago
O’hare
UAL Corp
United Airlines
AMR
Program director at CEED plans partial retirement
Troy Williamson, director of the EDA University Center at the University of Texas of the Permian Basin Center for Energy and Economic Diversification, will partially retire later this year to focus on rural resident needs. He may stay on until the Texas Legislature finishes its session as lawmakers consider funding cuts. Williamson expects further state reductions of 5 to 7 percent.
MENTIONED IN THIS ARTICLE
Troy Williamson
Williamson
EDA University Center
University of Texas of the
UTPB
David Watts
Watts
Texas
Austin
Texas Regions Seen Growing in Next Five Years
Economist M Ray Perryman writes that Texas 13 regional economies show healthy gains in population employment and income over recent years. Forecasts predict Metroplex Gulf Coast Capital and others to lead population and wage growth with annual increases between 1.7 and 2.2 percent statewide. Perryman notes regional realignment in 2002 and highlights varying regional sizes densities and county counts.
MENTIONED IN THIS ARTICLE
Texas
State Comptroller’s Office
Capital
West Texas
Metroplex
Upper
Rio Grande
High Plains
South Texas
Gulf Coast
Perryman
Perryman Group
International Institute For Advanced Studies
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United States
Baker Hughes Inc
Oklahoma
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Alaska
California
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Tive
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Loving
Pecos
Martin
Widh
Cranel Upton
Ward
Andrews
Terrell
Ector
Winkler
Gaines
Culberson
Reeves
Howard
The
CEED
Tal
M. Ray Perryman
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