In releasing its 2024 Outlook in January, Enverus researchers and prognosticators see a decline in the huge merger and acquisition frenzy of the previous year, and they see the remaining Permian producers keeping the flow going by attacking secondary zones with new technology and procedures. Enverus Intelligence Research’s Senior Geology Associate on the Permian Team, […]
Chesapeake Energy to acquire Southwestern Energy for $7.4 billion
Oklahoma City-based Chesapeake Energy said recently it plans to acquire Spring-based Southwestern Energy for $7.4 billion to create a natural gas producer with more than 5,000 locations that currently produce about 7.9 Bcfd. The company will have 1.2 million net acres in Appalachia and 650,000 acres in Haynesville. Nick Pope of Seaport Research told Oil […]
Enterprise increases interests in midstream assets in Texas, including Whitehorn
Houston-based Enterprise Products Partners said last week it increased its interests in certain midstream assets in Texas through deals with Western Midstream Partners. In the Permian Basin, Enterprise consolidated ownership by acquiring interests in Whitehorn Pipeline and Enterprise EF78 from affiliates of Western Midstream in a series of debt-free transactions for $375 million cash. Enterprise […]
Energy Transfer reports commitments for Warrior pipeline from Permian Basin
Dallas-based Energy Transfer Partners said recently it has commitments for about 25 percent of capacity for Warrior natural gas pipeline. It’s a 260-mile pipeline from Permian Basin to Energy Transfer interconnects southwest of Fort Worth with continued transport to Gulf Coast. Mike McCrea, co-CEO and CCO, said Feb. 14 during an earnings call that the […]
Atlas Energy acquires Permian Basin proppant assets of Hi-Crush
Austin-based Atlas Energy Solutions said Tuesday it agreed to acquire all Permian Basin proppant production assets and North American logistics operations of Houston-based Hi-Crush in a transaction valued at $450 million. The transaction includes $150 million upfront cash, $175 million in stock and $125 million in deferred cash. Atlas said the combination “brings together two […]
Lithium Chloride Extracted in Permian Field Test
Element3, the critical material extraction company specializing in oil and gas wastewater, announced Jan. 30 it successfully extracted lithium chloride from oil and gas wastewater at a Double Eagle Energy Holdings IV subsidiary’s produced water recycling facility. Prior to this test, it was widely held that lithium chloride could not be extracted from produced water […]
Predictive Maintenance: Crucial to O&G Success
Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the 19th century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT), add enormous value to predictive maintenance strategies, […]
Replace All Combustion Cars? Obrist Has a Better Idea
“It is unrealistic to believe that the global vehicle population of more than one billion cars with combustion engines can be replaced by electric cars in the foreseeable future,” says Frank Obrist, founder of the Obrist Group, which focuses on sustainable energy concepts, and calls for “more realism and less ideology in energy policy.” He […]
Christian: Biden’s LNG Policies Hurt Americans And Endanger Europeans
Following news that the Biden Administration would effectively pause new liquefied natural gas (LNG) plants, Texas Railroad Commissioner Wayne Christian on Jan. 26 issued the following statement: “Texas natural gas is saving the free world, and President Biden wants to end it. His administration’s pause on new liquified natural gas export (LNG) plants may recklessly endanger European […]
Control Devices Acquires Gilmore
Control Devices LLC, a portfolio company of HBM Holding, announced Jan. 29 it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector. “Gilmore has a history of excellence in the […]
- « Previous Page
- 1
- …
- 75
- 76
- 77
- 78
- 79
- …
- 371
- Next Page »