Dallas-based Vivakor said last week its acquisition of Endeavor entities, including Endeavor Crude and Meridan Equipment, will close Tuesday.  Vivakor’s acquisitions also will include Equipment Transport and Silver Fuel Processing with a total price of $120 million.  James Ballengee, chairman, president and CEO of Vivakor, said Sept. 24 of the company’s new assets, “They strategically […]

BP said last week it will sell its 10 wind energy onshore assets across seven U.S. states.  William Lin, BP executive vice president for gas and low carbon energy, told NBC News, “We believe the business is likely to be of greater value for another owner.”  BP Wind Energy assets have total net generating capacity […]

Atrisco solar farm in New Mexico, developed and built by a subsidiary of Enlight Renewable Energy, started commercial operation recently.  Enlight’s largest project to date, the Atrisco complex is comprised of solar arrays and a battery energy storage near Albuquerque delivered by subsidiary Clenera Holdings. The 364-megawatt solar farm is expected to reach full commercial […]

Midland’s Diamondback Energy, in partnership with Kinetik Holdings, said Tuesday it is boosting its takeaway capacity and ownership stake in EPIC crude pipeline.  Diamondback and Kinetik acquired a 30 percent equity interest in EPIC Crude Holdings; each now owns 27.5 percent of EPIC Crude.  EPIC Midstream continues to own the other 45 percent equity interest […]

Oilfield chemical company Jacam Catalyst recently completed another expansion to grow to 65 acres and 90,000 square feet at its headquarters in Gardendale.  The latest addition was 18,000 square feet.  “This is a testament to our company’s increasing footprint and our ability to deliver top-notch, cost-effective products to our loyal customers,” Vern Disney, president, said.  […]

The counts of drilling rigs in Permian Basin and Texas increased in the past week despite a decline for the fifth time in the last six weeks in U.S.  Baker Hughes said as of Sept. 20 there were 307 rigs in Permian Basin (up 1 from 306 week ago, down 10 from 317 year ago) […]

East Daley Analytics said recently oil production in Permian Basin is primed to grow in 4Q along with natural gas production after the scheduled startup of Matterhorn Express gas pipeline this month.  East Daley Analytics expects Matterhorn to begin operations between Sept 15 and Oct. 1 with capacity of 2.5 billion cfd from Waha in […]

Officials from Railroad Commission of Texas have been in west Texas this week after Monday’s 5.1-magnitude earthquake centered 28 miles north of Midland.  It was one of at least 50 quakes in Martin and surrounding counties in the last week.  The commission told Lubbock Avalanche Journal, “The RRC has been in contact with operators and […]

When regional growth in natural gas production outpaces pipeline takeaway capacity, capacity constraints exert downward pressure on spot natural gas prices at the Waha hub near Permian Basin production.  U.S. Energy Information Administration said Sept. 10 that prices at Waha have been below zero for 46 percent of trading days in 2024, including every day […]

Dallas-based Dorchester Minerals said this week it agreed to purchase interests in Permian Basin for about $215 million.  About 65 percent of the acreage is in Delaware Basin and 35 percent in Midland Basin.  The agreements are for mineral, royalty and overriding royalty interests in Delaware and Midland basins.  Dorchester’s announcement Sept. 16 – with […]