Nov 1, 2018

Encana to buy shale producer Newfield Exploration

Drilling rigs of Encana Oil & Gas in Colorado. Photo: Hyoung Chang/The Denver Post via Getty Images

Encana Corp., a big Canadian firm with substantial U.S. operations, said Thursday that it's buying Newfield Exploration in a $5.5 billion stock transaction.

Why it matters: The deal will make Encana one of the biggest shale producers in North America, according to Reuters. Newfield has a big position in Oklahoma's prolific Anadarko Basin, as well as acreage in Utah and North Dakota.

The big picture: It's the latest of several big deals in the U.S. sector this year.

Earlier this week, Chesapeake Energy announced plans to buy WildHorse Resource Development in a $3 billion transaction.
In August, the Permian basin player Diamondback Energy said that it's buying Energen via a $9.2 billion deal, while Concho Resources announced the $9.5 billion acquisition of RSP Permian in March.
BP announced a $10.5 billion deal to acquire most of BHP Billiton's U.S. shale assets in July.

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Trump's big, empty beef with Twitter

Illustration: Aïda Amer/Axios

President Trump finally acted on his now year-old threat to take action against social media platforms for alleged bias against conservatives. But so far, according to experts in both government and the industry, the threat looks mostly empty.

Driving the news: Trump escalated his war on Twitter Friday morning, tweeting repeatedly that the company needs to be regulated after it overnight added a warning label to a tweet of his calling for the military to start shooting looters, which violated Twitter’s rules against glorifying violence.

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Mike Allen, Ursula Perano

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In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

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Fadel Allassan

41 mins ago - Politics & Policy

Minneapolis mayor to Trump: “Weakness is pointing your finger” during a crisis

Minneapolis Mayor Jacob Frey fired back at President Trump on Friday, after the president accused the mayor of weak leadership amid violence sparked by the killing of an unarmed black man by a white police officer.

Driving the news: Trump made his accusations in a pair of tweets early Friday, saying he would bring the national guard into Minneapolis if Frey couldn't “bring the City under control.”

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