Azerbaijani Capital in the U.S. Energy Market: GL Group in the Permian Basin

GL Group, Azerbaijan’s first private oil and gas group, announced on July 23 that it had completed the acquisition of production assets at four oil and gas fields located near Midland, Texas. As a result of the transaction, the company acquired more than 200 active producing wells, as well as full operatorship of the assets. GL Group has therefore become the first Azerbaijani private energy company to own producing oil and gas assets in the...

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- Express analysis
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Industry

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