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Midland Energy Resources,inc. Case Study MIDLAND ENERGY RESOURCES,INC. : COST OF CAPITAL EXECUTIVE SUMMARY:Midland Energy Resources, Inc., is a global energy company that has been in business for over 120 years and employed more than 80,000 individuals. The company operates three different divisions including: oil and gas exploration (E&P), refining and marketing (R&M), and petrochemicals..