Houston-based Enterprise Products Partners said this week it completed its previously announced acquisition of Pinon Midstream, formerly a portfolio company of Black Bay Energy Capital. Enterprise purchased Pinon for $950 million cash in a debt-free transaction. The acquired assets, which include natural gas gathering and treating services, expand Enterprise’s footprint in the eastern flank of […]
Warrior Technologies acquires Lobo Trucking in Hobbs, Artesia
Midland-based Warrior Technologies said last week it acquired Lobo Trucking to expand its footprint into the Delaware Basin of west Texas and southeast New Mexico. H.H. (Tripp) Wommack III, president and CEO, said, “The motivation for Warrior to buy Lobo was we wanted to expand into the Delaware Basin.” Wommack said the acquisition gives Warrior […]
Spicewood acquires mineral assets in Permian Basin
Dallas-based Spicewood Mineral Partners said last week its recent acquisitions of tier 1 mineral assets in Permian Basin reflect “a strategic blend of early-life and more mature assets.” John Golden, co-founder and partner, announced on Oct. 22 a series of five deals in Delaware and Midland basins, including assets in Reeves and Ward counties. They […]
Civitas Resources building scale in Permian, DJ basins
Denver-based Civitas Resources said recently – after making a “transformative entrance” into the Permian Basin last year – it has drilled 120 gross wells so far in 2024 with average lateral length of 2.2 miles and production of 344,000 boed. Its 2023 acquisition gave Civitas operating scale in two of the nation’s lowest breakeven shale […]
OFS Prices Expected to Bottom Out by Year’s End
Enverus Intelligence Research, a subsidiary of Enverus, an energy-dedicated SaaS company, released on Oct. 1 its Oilfield Services Market Fundaments report that examines supply and demand dynamics in each service line. EIR also forecasts changes in year-end costs to coincide with E&P budgeting season. “We believe activity has bottomed and oilfield service price will bottom […]
Why the Universe of Energy Lenders Might be Shrinking
By Mari Salazar, SVP, Manager, Energy Banking and Cameron Reed -VP, Loan Syndication Consultant, BOK Financial It’s a whole new world for energy banking. The universe of dedicated energy lenders has declined over the past decade, and lenders are settling into the new energy banking landscape. Some 20 years ago there were more than […]
AI Comes to Unmanned Aircraft Systems
Eyes in the sky are now becoming intelligence in the sky as well. Artificial intelligence. The firm known as Cyberhawk has advanced the frontier by another step with its introduction of AI-powered UAS (unmanned aircraft system) inspections. Cyberhawk, specialists in drone-based inspection and survey services and visual data management software, announced on Oct. 2 a […]
In Praise of the Season
Did we say that the season is deer season? We celebrate this special time of the year with tales both heartwarming and humorous. The month of November is—in Texas at least—marks the beginning of deer season for hunters using firearms (as opposed to bows). It’s the month when deer hunting reaches its heights of attention, […]
O&G Slows Energy Transition
The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit. This will likely continue in 2024, but the switch towards low-carbon energy is […]
Baseline Opens New Facility
Fort Worth-based Baseline Energy Services LP recently opened a new facility to serve customers in the Uinta Basin. The center, situated in Roosevelt, Utah, is fully equipped to support that region’s mobile power generator fleet and will provide a full range of maintenance and repair services. To support Baseline’s mission, the new facility will be […]
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