These companies will simply lose their oil properties to banks or competitors with stronger finances.
Buying stakes in overseas oil properties is proving much cheaper for India than purchasing crude on the open market.
Hunt continued to make shrewd investments in oil properties through his Hunt Oil Company, founded in 1936.
I asked how you train an elephant to do battle against wild brethren in defense of palm oil properties owned by humans.
Over the last five years, the company has invested heavily in shale gas and oil properties, building a $28 billion portfolio.
In recent days, representatives of several bidders for the properties, including Phillips and Chevron, have met with officials of the F.T.C. about their interests in the Alaskan oil properties held by ARCO and BP Amoco.
Mr. Plants, at age 62 still as rugged as the rocky local terrain, has all his oil properties in New York but his headquarters just over the state line, in Shinglehouse, Pa.
During the period, Loews also took an impairment charge of $92 million at its HighMount Exploration and Production unit, related to the value of its natural gas and oil properties.
He consistently upheld diplomatic recognition of the Soviet Union and also helped establish the Good Neighbor policy toward Latin America by advocating a fair deal for Mexico during the controversy over foreign-held oil properties (1926 28).
Oil analysts said it was likely that oil companies, particularly Total and Eni, would compete fiercely for contracts on the best oil properties, with their respective governments lobbying on their behalf.
But he still had the oil properties.
