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Shale pioneer Floyd Wilson is going after the brass ring again with his ninth company, Falconer Oil & Gas. He’s still wildcatting, just in a modern way.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
Acquisitive E&Ps backed by powerful private equity seek more production, and more profits.