Houston Chronicle by Jordan Blum Oct. 18, 2019
HOBBS, N.M. — Yates Petroleum, a privately held company, was scooped up by Houston’s EOG Resources. Then the extensive Bass family holdings in the Permian Basin were bought by Exxon Mobil for $6 billion.
Now, another private oil and gas producer, Endeavor Energy of Midland, is up for sale, with Big Oil companies such as Royal Dutch Shell, Chevron and Exxon Mobil considered among the likely buyers.
As some of the top, family-owned oil producers are absorbed by the biggest players, Mewbourne Oil, a little known firm out of Tyler, has emerged as the Permian Basin’s top private operator. Mewbourne, founded more than 50 years ago, has cut a different path than many other exploration and production companies, preferring a low profile and focusing on southeastern New Mexico, even as other companies rushed to West Texas.
The company has grown steadily, but substantially over the years, making a transition from natural gas to more lucrative oil and, shielded from the pressures of Wall Street, planning and executing for the years — not the quarters — ahead. And in case you’re wondering, Curtis Mewbourne, the company founder, and his family aren’t interested in selling.
More:
https://www.houstonchronicle.com/business/energy/article/Privately-held-Mewbourne-Oil-competes-with-14542809.php
