The tax agency, flush with $80 billion in new funding, plans to bring on ...
The tax agency, flush with $80 billion in new funding, plans to bring on 30,000 staff in the next two years to replenish its depleted workforce, ramp up enforcement, and improve customer service. As part of its “digital first” overhaul, the IRS said it’ll be using data analytics and machine learning to uncover more Al Capone types and boost government revenue. But Treasury Secretary Janet Yellen has told them: No increased auditing of people making less than $400k.
Classified US military docs are showing up on social media
The first confidential documents to surface were what appeared to be classified plans for the war in...
The first confidential documents to surface were what appeared to be classified plans for the war in Ukraine. Then yesterday, even more documents with US secrets about China and the Middle East also popped up on Twitter and elsewhere. The leak may be even bigger: Analysts told the New York Times that more than a hundred documents could be compromised.
Saudi Arabia and Iran formally reestablished diplomatic relations yesterday, a significant milestone in the relationship between two of the largest powers in the Middle East. The pair cut off ties seven years ago after Saudi embassies in Iran were attacked following the Saudi execution of a popular Shia cleric.
Saudi Arabia and Iran have been engaged in a regional power struggle for decades, exacerbated by the differing sectarian religious views—Saudi is roughly 90% Sunni Muslim, while Iran is about 90% Shia Muslim (see background). The regional conflict has also become a proxy for greater world powers, with Saudi Arabia generally working with the West and Iran forging close ties with Russia and China.
Vital Energy Closes $214 Million Midland Basin Acquisition
Vital Energy Inc, formerly known as Laredo Petroleum, has closed an acquisition of a Midland Basin leasehold...
Vital Energy Inc, formerly known as Laredo Petroleum, has closed an acquisition of a Midland Basin leasehold in Upton and Reagan counties, Texas, in a cash and stock deal worth roughly $214 million. The acquisition included 11,200 net acres that averaged 5,400 boe/d (63% oil).
Vital Energy, which announced the deal on Feb. 14, purchased the assets from Driftwood Energy Operating LLC. The deal closed on April 3, according to filings with the Securities and Exchange Commission.
Vital Energy, based in Tulsa, Oklahoma, said the acquisition would extend its oil-weighted inventory life with the addition of 23 net operating horizontal drilling locations in the Wolfcamp B Formation.