Industry heavy-hitters reveal their top assets outside of the prolific Permian Basin during a CERAWeek by IHS Markit discussion in Houston. Before “Permania” reignited the oil and gas industry’s lust for acreage, the Permian Basin was a hit or miss bet. And for Houston Energy LP, it was a miss that sent the company offshore. Ronald Neal, co-founder and co-owner of the private exploration and production (E&P) company, said that in 2007, Houston Energy was still onshore, and had invested in the Howard County hold of the Permian Basin during 2007. “In hindsight, I think I know what Moses felt like,” Neal told a gathering at CERAWeek by IHS Markit in Houston. “Moses wandered around the Middle East for 40 years, and he stopped in the one part of real estate that didn’t have oil. We did that as well. We bought acreage in the only part of the […]