As Midstream Wobbles on IRA and ESG, a New Trend Opens Up for Sector
Enthusiasm for the Inflation Reduction Act (IRA) and ESG in the midstream sector is waning. Players are turning to a new trend—asset-backed securitization.
Chevron’s Texas Haynesville May Fetch $1B from Tokyo Gas—Report
Chevron holds more than 70,000 net acres in Panola County, Texas, but had only five Haynesville wells on the acreage at year-end 2023.
Sable Offshore Plans Restart of Subsea Pipeline After 2015 Shutdown
Sable Offshore Corp. says the permits needed to begin operations on the Santa Ynez line offshore California, which shut down due to an oil leak in 2015, are not yet in place.
Vivakor Closes Acquisition of Permian, Eagle Ford Crude Logistics
Vivakor purchased Endeavor Crude and related companies, which have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and Oklahoma’s STACK play.
Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program
(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …
Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program Read More »
Exxon Mobil Shuts Some North Dakota Oil Wells Due to Wildfires
Exxon Mobil shut oil wells and production sites in North Dakota due to multiple wildfires.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.
Montauk Renewables, Emvolon Partner on Biogas-to-Methanol Project
The Texas project is designed to produce up to 15,300 gallons of green methanol per year, Emvolon and Montauk Renewables said.
Smart Tech Moves to the Hazardous Frontlines of Drilling
In the quest for efficiency and safety, companies such as Caterpillar are harnessing smart technology on drilling rigs to create a suite of technology that can interface old and new equipment.
Investor Returns Keep Aethon IPO-ready
Haynesville producer Aethon Energy is focused on investor returns– additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.