Warren Buffett’s $12 Billion Bet

The oil stock nobody’s telling you about The oil stock nobody’s telling you about                                                                                                      [Wealth Daily] BY KEITH KOHL / APRIL 1, 2024 Warren Buffett’s $12 Billion Bet Warren Buffett is making big waves in the oil industry... Recently, the Buffett-backed energy firm, Occidental Petroleum, made a substantial $12 billion acquisition of CrownRock, a privately owned shale oil driller operating in the Permian Basin... This move comes on the heels of Buffett’s massive $10 billion investment in Occidental Petroleum, a key player in the Permian Basin. The Permian oil Basin, located in West Texas, is not just America’s most prolific oilfield, accounting for a staggering 44% of the nation’s oil production... It's even producing more oil than most OPEC countries. Buffett’s big investments indicate his keen interest in securing a larger share of this lucrative oilfield. However, what’s not grabbing the headlines is an even more significant development in the Permian Basin, one that remains off most investors’ radars. A small Texas oil company has developed a new drilling method that could be the most significant breakthrough in the history of oil production... One that stands to DWARF the riches generated by the fracking boom. It’s called the "Horseshoe Well". The Journal of Petroleum Technology says this revolutionary method is a "design unlike anything most have seen in the shale sector before." And it’s set to usher in an oil boom unlike anything we’ve seen in the history of the oil markets. [Grab hold of the details here while you still can.]( To your wealth, [Keith Kohl sig] Keith Kohl Investment Director, Energy Investor P.S. As Warren Buffett intensifies his investments in the Permian Basin, a technological revolution is unfolding. A groundbreaking innovation from a small oil company is set to dramatically alter the landscape of the oil industry. This new drilling method, called the "Horseshoe Well", could dwarf the success of the fracking boom. [Discover the full details now.]( [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}. You can manage your subscription and get our privacy policy [here](. This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily.