Sometimes at the convergence of two problems there is a solution. The fact that Permian oil wells are getting gassier (setting new production records regularly) and straining gas takeaway capacity is one—and issues with massive grid demands of bitcoin mining and data processing is the other. Increasingly, producers are seeking alternative markets for gas, and […]
ArcLight Capital Partners acquires wind farm in Midland Basin
Boston-based infrastructure investment firm ArcLight Capital Partners said Monday it launched a renewables energy investment group and acquired an operating wind farm of 160 megawatts in Midland Basin. ArcLight and renewables group SkyVest said they will target operating utility-scale wind and solar assets in North America. ArcLight said it is providing an initial commitment of […]
Chevron to move corporate headquarters to Houston from San Ramon
Chevron said today it is moving its headquarters from San Ramon, Calif., to Houston. Chairman and CEO Mike Wirth and vice chairman Mark Nelson will move by yearend 2024. Chevron will maintain its San Ramon office to manage its California assets. The company has about 7,000 employees in the Houston area and 2,000 in San […]
Railroad Commission inspecting disposal wells after earthquakes, shut-in 2 wells
Railroad Commission of Texas said July 26 it is inspecting saltwater disposal wells within 2.5 miles of a series of earthquakes in recent days in the Camp Springs area near the county line of Scurry and Fisher in west Texas. And this week the commission told the Midland Reporter Telegram it “shut-in two deep disposal […]
Vital Energy, Northern acquire Point Energy Partners assets in Ward County
Tulsa-based Vital Energy and Northern Oil and Gas said Sunday they are acquiring assets of Point Energy Partners, portfolio company of Vortus Investments. The all-cash deal of $1.1 billion will increase Vital Energy’s position in Delaware Basin by 25 percent to 84,000 net acres. Vital Energy will own 80 percent of the assets with Northern […]
Permian People – August 2024
Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Kimmeridge, an alternative asset manager focused on the energy sector, announced June 25 that its affiliate, Kimmeridge Texas Gas, has appointed David Lawler as chief executive officer. Lawler will advance KTG’s efforts to become a fully integrated […]
Danos Wins Major Contract in the Permian Basin
Danos, a provider of integrated services to the energy industry, announced in June a production contract with a pioneer in sustainable water management solutions. Through a contract that began in March, they will oversee approximately 60 of the midstream company’s water management facilities. Danos is deploying a team of 21 production operators to support 12 […]
RRC Commissioner Calls for End of American LNG Ban
Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban. “This politically motivated ban is doing more than simply costing America economic activity—it’s jeopardizing our European […]
OPW Divides Business Units
OPW, a Dover company involved in the development of fluid-handling solutions, announced June 3 that its Clean Energy Solutions business unit will be divided into two distinct business units: the existing Clean Energy Solutions (CES) unit, which will feature technologies from both the ACME Cryogenics and RegO Products brands and focus on the cryogenics, hydrogen, […]
BLM Completes Sale of Federal Helium System
The Bureau of Land Management on June 27 closed on the sale of the Federal Helium System, fulfilling one of BLM’s primary responsibilities under the Helium Stewardship Act of 2013. BLM will continue working with the new owner, Messer, during a 45-day hand-off period to support a smooth transition from federal to private ownership. The Helium […]
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