"The White House is summoning oil executives to discuss potential investment in Venezuela, and while a preliminary list of attendees features the big names of US oil companies Chevron, Exxon Mobil and ConocoPhillips it also includes several smaller independents and private equity-backed players. The meeting with US President Donald Trump is scheduled for Friday at 2:30pm (19:30 GMT). Only the largest US oil producers have the scale and capacity to operate in Venezuela and have experience doing so, said an oil industry source."
"Continental Resources, which bills itself as the biggest privately owned oil and natural gas producer in the world, will be in attendance, as will HKN Inc, which was formerly known as Harken Energy. Several of the companies have connections to Denver, Colorado, the home turf of Secretary of Energy Chris Wright and a relatively small hub for oil and gas activity compared with other parts of the United States."
"Oil output in PADD 4, the production region that includes Colorado, totalled 1.02 million barrels per day (bpd) in October, according to the latest data from the US Energy Information Administration. PADD 3, which includes states like Texas and New Mexico, produced 10.28 million bpd that month. Raisa Energy, which acquires non-operated stakes in energy assets and has a Venezuelan CEO, is based in Denver and backed by investment funds Citadel and Ares Management."
US officials summoned executives from major oil producers and several smaller independents and private equity-backed firms to a White House meeting about potential investment and operations in Venezuela. Attendees include Chevron, Exxon Mobil, ConocoPhillips, Continental Resources and HKN Inc. Several attending firms are based in or connected to Denver, Colorado, the home turf of Energy Secretary Chris Wright. Oil production in PADD 4, which includes Colorado, was 1.02 million bpd in October versus 10.28 million bpd in PADD 3. Raisa Energy is Denver-based and backed by Citadel and Ares Management. Tallgrass Energy and Aspect Holdings are also headquartered in Denver. The Department of Energy did not immediately respond.
Read at www.aljazeera.com
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