ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.
The deal is valued at $22.5 billion when including $5.4 billion in debt.
Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week. Oil majors put up record profits after Russia's invasion of Ukraine in 2022 and while those numbers have slipped, there has been a surge in mergers between energy companies flush with cash. Read More...
LANCASTER, Pa. (AP) — Authorities have announced an arrest in the stabbing death of a 19-year-old woman in Pennsylvania almost a half-century ago, crediting advances in DNA technology and genetic genealogical research.
Lancaster County prosecutors and Manor Township police said Monday that a criminal homicide charge had been filed against 68-year-old David Sinopoli in the December 1975 murder of Lindy Sue Beichler.
“Lindy Sue Beichler was 19 when her life was brutally taken away from her 46 years ago in the sanctity of her own home,” District Attorney Heather Adams said. Read More...
FORT HILL, Pa. (WJAC) -- There is an alert for residents in Somerset County. 911 officials say the dam at High Point Lake is leaking, and those living downstream need to be on alert.
Dispatchers with Somerset County 911 say there's no imminent danger, but they say the Fish and Boat Commission reported there is a leak at the breast of the lake, with potential for the dam to erode and possibly even fail. Read More...