Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Paisie: Trump’s Impact on All Things Energy
President-elect Donald Trump’s policies are expected to benefit the U.S. oil and gas sector, but also bring economic and geopolitical risks.
US Supreme Court Should Avoid Climate Change Cases, Biden Administration Says
The Biden administration is urging the U.S. Supreme Court to reject efforts by oil companies to prevent lawsuits accusing the fossil fuel producers of deceiving the public about climate change.
Marketed: Hess 3-Well Package in Bakken Shale
Hess Corp. has retained EnergyNet for the sale of a three-well Bakken Shale package in Mountrail and Ward counties, North Dakota.
US Crude Stocks Fall, Fuel Inventories Rise on Robust Refining, EIA Says
(Reuters) – U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the Energy Information Administration (EIA) said on Wednesday, as refinery activity remained seasonally strong. Crude inventories fell by 1.4 million barrels to 422 million barrels, the EIA said, compared with analysts’ expectations …
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Chevron Working on Supply of Power to Data Centers, Executive Says
U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the Reuters NEXT conference in New York. Gustavson’s comments follow a similar announcement by Exxon Mobil on Wednesday, which said it is working to help advance …
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Energy Transfer Shows Confidence in NatGas Demand with Pipeline FID
Analyst: Energy Transfer’s recent decision to green light the $2.7 billion Hugh Brinson line to Dallas/Fort Worth suggests electric power customers are lining up for Permian Basin gas.
High Court Hears Potentially Influential Uinta Basin Case
U.S. Supreme Court justices heard arguments over a Utah railroad that could have big implications for the energy sector’s adherence to environmental requirements.
Uinta’s Scout Energy Likely Not for Sale as Takeaway to Gulf Rises
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s Executive Vice President Juan Nevarez at Hart Energy’s Executive Oil Conference.
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.