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Industry News
Small driller stands out amid downturn

While most industry players cut spending and jobs to survive the downturn, San Antonio-based oil and natural gas driller Tidal Petroleum is looking for financing to drill more wells in South Texas. Tidal, a 25-year-old company, owes its success in part to its strategy of acquiring drilling rights on small parcels adjacent to land drilled by larger companies and raising money from private equity players, which allows it to remain debt-free.

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