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 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 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 […]

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 […]

Eight of the top 10 counties in the U.S. with the largest annual numeric growth in population are in Texas, including top-ranked Harris County that grew from 4,731,122 April 1, 2020, to 4,781,337 July 1, 2022, and 4,835,125 July 1, 2023.  Data from U.S. Census Bureau show Texas’ Collin County is second with 1,195,359 July […]

Texas Water Development Board last week began considering applications for $1 billion for water infrastructure and supply projects.  The Texas Tribune said the board received 68 requests from cities and local water systems for money from the fund, which will be combined with state and federal tax dollars.  The projects selected to receive funds will […]

U.S. added 3 rigs in the past week for 589 active oil and gas drilling rigs, according to the weekly report of July 26 by Baker Hughes.  That’s down 75 from 664 a year ago.  But Texas and New Mexico did not contribute to last week’s gain.  Both were unchanged – Texas at 276 (322 […]

Midland-based Permian Resources said Monday it reached agreement with Occidental Petroleum to purchase a large, contiguous acreage position in Delaware Basin for $817.5 million.  The acquisition is comprised of 29,500 net acres, 9,900 net royalty acres and 15,000 boed near Permian Resources’ existing position in Reeves County.  The deal adds about 200 gross operated locations […]

U.S. Energy Information Administration said Thursday the nation’s power plant operators generated 6.9 million megawatt hours (MWh) of electricity from natural gas on a daily basis in the lower 48 states July 9.  It’s probably the most in history and certainly since at least Jan. 1, 2019, when EIA began collecting hourly data about natural […]