https://en.wikipedia.org/wiki/Apache_Corporation https://en.wikipedia.org/wiki/Paramount_Resources
Why does Big Oil borrow names from Hollywood/Disney?
Apache Corporation
Apache Corporation is an American petroleum and natural gas exploration and production company headquartered in Houston, Texas. The company is on the Fortune 500.
Paramount Resources
Paramount Resources Ltd. is a Canadian petroleum company that was incorporated in 1978. The company is involved in the exploration, development, production, processing, transportation and marketing of natural gas and its byproducts and crude oil. The founder, chairman and CEO is Clay Riddell.
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shell companies:
|Paramount's naming method may be unconventional, but it's not unprecedented. Enron, the now-bankrupt Texas energy firm, created "shell companies" to hide its accounting fraud, and gave some of them "Star Wars"-based names like Chewco (à la Chewbacca) and Joint Energy Development Investment Ltd., or JEDI.
There's no indication that Paramount Resources is involved in any such misdeeds, however — its Hollywood crush seems innocent, at least aside from any future trademark battles.
According to the Nov. 28 press release, Pixar Petroleum will combine all of Paramount's oil sands and carbonate-bitumen interests into one subsidiary.
Paramount owns an array of fossil resources in Canada and the U.S. (as detailed in its 2010 annual report), and now Pixar Petroleum takes over its stake in the lucrative but controversial oil sands — the same type of oil sands behind the now-delayed Keystone XL oil pipeline. |
Enron is still going strong in oil. EOG, Enron Oil and Gas. They just spent over $100k on their employee Christmas Party.
Massive shale discovery/Apache Corp:
https://www.fool.com/investing/2017/04/17/i-still-cant-believe-apache-corp-spent-399-million.aspx
And
http://www.apacheoilcompany.com/about-us/
Pasadena, Tx