Texas Business Leaders Chafe At Coronavirus Lockdowns: ‘We’ve Got To Figure Out How To Live With This Thing’ [Forbes]
Brigham Minerals, Inc. Class A (MNRL)
Company Research
Source: Forbes
Dan Patrick, the lieutenant governor of Texas, said Monday He’s not the only one. Despite empty streets, stores devoid of toilet paper, and lockdowns of all but essential business in cities like Houston — Texas political and business leaders have begun to question the long-term value of halting the $1.6 trillion economy of a state that has so far recorded a relatively modest 410 confirmed cases of Covid-19 with 9 deaths. Bud Brigham is an Austin, Texas-based oil and gas tycoon whose companies in the past decade have sold oilfields in North Dakota and Texas for more than $7 billion. One of his current oil ventures, publicly traded Brigham Minerals, has lost half its market value in recent weeks. With industry leaders anticipating a 70% drop in U.S. drilling over the coming months, it might have further to fall. “I’ve not seen this kind of contagion where the reaction is so extreme,” says Brigham, whose hometown of Austin has 86 coronavirus Today In: Throws EU Climate Plans Into Disa
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