NEWS OF THE WEEK
U.S. IS TOP PRODUCER
The United States became the world’s largest oil producer in August, the Energy Department said, pumping an average of 11.3 million barrels a day.
SHALE MERGER MANIA
Three Houston shale drillers — WildHorse, Newfield and Penn Virginia — were acquired in separate deals that totaled more than $10 billion.
big Energy to small companies reported surging from profits in the third quarter, capitalizing on oil prices that rose as high as $76 a barrel before recently retreating.