Permian

APA Corporation Completes Acquisition of Callon Petroleum Company

Retrieved on: 
Monday, April 1, 2024
Permian, APA Corporation, APA, Delaware Basin, Acquisition, CPE

HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ: APA) announced today that its acquisition of Callon Petroleum Company (NYSE: CPE) has been completed.

Key Points: 
  • HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ: APA) announced today that its acquisition of Callon Petroleum Company (NYSE: CPE) has been completed.
  • The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
  • Subject to the terms of the merger agreement, each share of Callon common stock was converted into the right to receive 1.0425 shares of APA common stock, with cash in lieu of fractional shares.
  • As a result, APA issued approximately 70 million shares of common stock related to the transaction.

Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy

Retrieved on: 
Monday, April 8, 2024
Technology, Security, Utilities, Public Policy, Government, Software, Alternative Energy, Energy, Nuclear, Hardware, White House, Federal Government, Permian, Inc., Power purchase agreement, Electricity, Diamondback Energy, De Witte, Multimedia, PPA, LOI

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).

Key Points: 
  • Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).
  • View the full release here: https://www.businesswire.com/news/home/20240408533423/en/
    The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo.
  • According to the terms of the LOI, Oklo intends to license, build, and operate powerhouses capable of generating 50 MW of electric power to Diamondback E&P LLC, a wholly owned subsidiary of Diamondback near Midland, Texas.
  • The collaboration between Oklo and Diamondback represents a significant step towards emissions reductions and supporting national energy security by providing reliable access to electricity to power domestic energy operations.

Ecopetrol Announces Senior Management Changes

Retrieved on: 
Saturday, April 6, 2024
Permian, ISA, Gulf of Mexico, Chief, Acquisition, Transport, Ecopetrol, XM, Sustainable Value, Telecommunications, BVC, Corporation

BOGOTA, Colombia, April 5, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes:

Key Points: 
  • BOGOTA, Colombia, April 5, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes:
    Ana Milena López, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value effective on April 12, 2024.
  • Luz Elena Díaz, our Corporate Vice President of Compliance and Compliance Officer, will be leaving her current positions on April 19, 2024.
  • Ecopetrol S.A. would like to extend its gratitude to Ana Milena, Luz Elena and Juan Diego for their valuable work and contributions to the achievements of the Ecopetrol Group, and wish them nothing but success in their new professional endeavors.
  • Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent  with more than 18,000 employees.

Ecopetrol S.A.'s Board of Directors Announcement

Retrieved on: 
Saturday, April 6, 2024
Permian, ISA, XM, Gulf of Mexico, Telecommunications, Acquisition, Transport

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent  with more than 18,000 employees.

Key Points: 
  • Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent  with more than 18,000 employees.
  • With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession.
  • These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
  • You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Epsilon Energy Ltd. Announces Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
Permian, United States Treasury security, Natural gas, NRI, FCF, EPSN, Acquisition, Adjustment, Yoy, Investment, DeGolyer and MacNaughton, Everette Lee DeGolyer, Barrel (unit), Cryptocurrency

HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2023.
  • Epsilon’s highlights for full-year 2023 include:
    Net revenue interest (NRI) total production of 9.0 Bcfe (24.6 MMcfe per day) for the year ended December 31, 2023.
  • Free cash flow (FCF) before changes in working capital of $2.7 million for the year ended December 31, 2023.
  • The Texas wells came online in October 2023 and the New Mexico wells came online in May 2023.

United States $10+ Bn Land Drilling Rigs Market, Region, Forecast & Opportunities, 2029F - ResearchAndMarkets.com

Retrieved on: 
Friday, April 5, 2024
Oil, Gas, Energy, Permian, Shift, Community, Automation, Machine learning, Climate change, Growth, Data analysis, ESG, Digitalization, Research, Sustainability, Transport, Public expenditure, Hydraulics, Robotics, Investment, Community engagement, Workforce, Safety, Access, Supply chain resilience, Balancing Act, Movement, Drill, Renewable energy

Market Resilience: Volatility in global energy markets underscores the importance of bolstering domestic production, contributing to sustained growth in drilling rig operations.

Key Points: 
  • Market Resilience: Volatility in global energy markets underscores the importance of bolstering domestic production, contributing to sustained growth in drilling rig operations.
  • Market Confidence: Rebound in oil prices revitalizes confidence among oil and gas companies, prompting increased capital expenditures and drilling activities.
  • Economic Viability: Higher oil prices render previously uneconomic projects viable, encouraging exploration and production companies to expand drilling operations.
  • Mobile Land Drilling Rigs: Their flexibility and adaptability across terrains make them preferred for tapping into remote and challenging formations like shale reserves.

Enterprise to Build New Natural Gas Processing Plant in the Delaware Basin; Announces Start of Service on Mentone 3 and Leonidas

Retrieved on: 
Wednesday, April 3, 2024
Oil, Gas, Energy, Permian, Partner, Natural gas, Growth, Transport, Security (finance), Risk, Plant, EPD, NGL, Atlas, Delaware Basin

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced plans to further expand its natural gas processing capabilities in the Permian Basin with construction of the Mentone West 2 plant in the Delaware Basin.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced plans to further expand its natural gas processing capabilities in the Permian Basin with construction of the Mentone West 2 plant in the Delaware Basin.
  • Elsewhere in the Delaware Basin, Enterprise has begun service on its Mentone 3 natural gas processing plant, which is also capable of processing over 300 MMcf/d of natural gas and extracting more than 40,000 BPD of NGLs.
  • Construction of the Mentone West 1 plant, formerly known as Mentone 4, is on schedule and projected to begin service in the second half of 2025.
  • In the Midland Basin, Enterprise announced today that the company’s Leonidas natural gas processing plant in Midland County, Texas has begun service, and construction of the Orion natural gas processing facility is proceeding on schedule with service expected to begin in the second half of 2025.

Mesa Royalties III Announces Mineral and Royalty Acquisition in the Haynesville Shale Play

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources, Permian, Weil, Gotshal & Manges, Acquisition, NGP, Aethon

Mesa Royalties III Holdings, LLC and affiliates (“Mesa”) is pleased to announce its acquisition of oil and gas mineral and royalty interests (“the Acquisition”) in the Haynesville shale play from an undisclosed private seller.

Key Points: 
  • Mesa Royalties III Holdings, LLC and affiliates (“Mesa”) is pleased to announce its acquisition of oil and gas mineral and royalty interests (“the Acquisition”) in the Haynesville shale play from an undisclosed private seller.
  • The Acquisition included approximately 6,200 net royalty acres across various counties and parishes in the core of the Haynesville shale play.
  • The Acquisition includes approximately 253 gross and 2.0 net producing wells operated by top operators Aethon, Southwestern, and Chesapeake.
  • Pro-forma following this acquisition Mesa will now own over 11,000 net royalty acres in the Haynesville shale play and plan to continue to aggregate to scale the position.”
    Weil, Gotshal & Manges LLP served as legal counsel for Mesa on the transaction.

Conduit Power and Sunbridge Energy Services Announce Commercial Operations of Natural Gas Power Generation Facility at Sunbridge’s Compressed Natural Gas Plant in the Permian Basin

Retrieved on: 
Tuesday, April 2, 2024
Alternative Energy, Energy, Utilities, Oil, Gas, Permian, CNG, Knowledge, Conduit, Renewable energy

Conduit Power, LLC (“Conduit”), a portfolio company of Grey Rock Investment Partners (“Grey Rock”), is pleased to announce it has successfully delivered a utility enablement project for Sunbridge Energy Services, LLC (“Sunbridge”) at a plant site in the Permian Basin.

Key Points: 
  • Conduit Power, LLC (“Conduit”), a portfolio company of Grey Rock Investment Partners (“Grey Rock”), is pleased to announce it has successfully delivered a utility enablement project for Sunbridge Energy Services, LLC (“Sunbridge”) at a plant site in the Permian Basin.
  • Conduit is a turnkey provider of resilient, standalone baseload power generation systems for commercial and industrial users.
  • The 5 MW natural gas-powered electricity generation facility was engineered, procured, and constructed by Conduit, and will be managed, optimized, and operated by Conduit over a long-term services agreement with Sunbridge.
  • Conduit’s natural gas-fueled baseload power generation solution – and the services that support its continuous operation – directly contribute to the high performance and uptime of the Sunbridge CNG plant.

Future Technologies Continues Expansion into U.S. Energy Market With New Office In West Texas

Retrieved on: 
Monday, April 1, 2024
Technology, IOT (Internet of Things), Other Energy, Satellite, Telecommunications, Oil, Gas, Networks, Alternative Energy, Energy, Mobile, Wireless, 5G, Permian, Conference, Risk, Area studies, Computer vision, Construction, Tiger

Future Technologies Venture, LLC (“Future Technologies”), a North American Lead System Integrator, announced today that they are set to open an office in Midland, Texas by May 2024.

Key Points: 
  • Future Technologies Venture, LLC (“Future Technologies”), a North American Lead System Integrator, announced today that they are set to open an office in Midland, Texas by May 2024.
  • A physical office in this region will ensure enhanced visibility and credibility within the local market.
  • “A permanent presence in West Texas is the result of profound focus and dedication from our team in this space over the last 6 years,” said Dave Rumore, Chief Revenue Officer and Partner, Future Technologies.
  • Future Technologies has tapped longtime employee Alex Barber as Branch Manager of the new Southwest office.