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Oil Investment Trio Hunts for Bargains After Crude Crash

A trio of Houston-based private-equity funds is sifting through the oil industry with a view to potentially reaching $4 billion of investments after the market crash created some bargains. Argus Energy Managers, made up of three firms that invest in smaller explorers and service providers, expects to end the year with combined funds north of $2 billion and possibly double…

Outlook is for $57 oil prices by year-end

Crude prices have rebounded significantly after falling to 13-year lows of around $26 a barrel in February 2016. Crude prices are expected to continue following that path -- even if it’s not a straight line -- in 2017, according to Stratas Advisors, a Hart Energy company. John Paisie, Stratas’ executive vice president, told those gathered Wednesday at Midland Country Club…

Oil, gas show drawing optimistic crowd in Longview

Amid signs the oil and gas industry is recovering from a two-year downturn, the number of vendors and overall attendance Tuesday was higher than last year at the annual industry convention in Longview. Vendors signed up for the Roseland East Texas Oil and Gas Convention at Maude Cobb Convention and Activity Center numbered about 100, up slightly from the third…