Permian

Ecopetrol announces the dates for the publication of its first quarter 2024 report and conference call

Retrieved on: 
Thursday, April 25, 2024
Permian, XM, Transport, Google Chrome, Growth, Gulf of Mexico, Firefox, Acquisition, Exploration, Telecommunications, ISA, Behavior

Participants will be able to ask questions using the webcast platform once the call starts.

Key Points: 
  • Participants will be able to ask questions using the webcast platform once the call starts.
  • We recommend the use of the latest versions of Internet Explorer, Google Chrome, and Mozilla Firefox.
  • 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.
  • We do not intend and do not assume any obligation to update these forward-looking statements.

2024 races to a record start with $51B in upstream M&A

Retrieved on: 
Tuesday, April 23, 2024
Permian, Sale, Interview, Q2, Dittmar, Diamondback Energy, AB, Software as a service, Eagle Ford, Dallas, SCOOP, Name, EIR

CALGARY, AB, April 23, 2024 /PRNewswire/ -- Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted generative AI and energy-dedicated SaaS company, is releasing its summary of 1Q24 upstream M&A activity. Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals. However, EIR is pumping the brakes on another record-setting year as deal activity has slowed significantly in March and Q2 appears to have already lost momentum.

Key Points: 
  • Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals.
  • However, EIR is pumping the brakes on another record-setting year as deal activity has slowed significantly in March and Q2 appears to have already lost momentum.
  • Headlining consolidation in Q1 was privately held Endeavor Energy Resources' sale to publicly held Diamondback Energy.
  • Members of the media should use our new Request Media Interview option on the Enverus Newsroom page to schedule an interview with one of our expert analysts.

Infinium and Kinetik Reach Innovative CO2 Utilization Agreement to Advance eFuels Production

Retrieved on: 
Tuesday, April 16, 2024
Permian, American Airlines, Nature, Structural adjustment, Partnership, Transport, Carbon, KNTK, CO2, Roadrunner, Aviation, Renewable energy

SACRAMENTO, Calif., April 16, 2024 /PRNewswire/ -- eFuels leader, Infinium, has reached an agreement with a subsidiary of midstream energy company  Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik") to purchase carbon dioxide ("CO2") captured from Kinetik's gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels ("eFuels"). Infinium eFuels are created through a proprietary process using waste CO2 and green hydrogen derived from renewable power.

Key Points: 
  • Infinium eFuels are created through a proprietary process using waste CO2 and green hydrogen derived from renewable power.
  • The agreement is unique in its long-term nature and broad decarbonization benefits, providing measurable impacts for transportation alternatives.
  • "There are many roles to be played in the energy transition, and this partnership shows that eFuels production and utilization is truly a win-win for all in the energy industry," said Infinium CEO Robert Schuetzle.
  • "It's great to welcome Kinetik into our community of companies seeking beneficial reuse solutions for its CO2.

Riley Permian Declares Quarterly Dividend and Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Thursday, April 11, 2024
Permian, Q&A, Interest

OKLAHOMA CITY, April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share.

Key Points: 
  • OKLAHOMA CITY, April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share.
  • The dividend is payable on May 9, 2024 to stockholders of record as of the close of business on April 25, 2024.
  • Additionally, the Company plans to release financial and operating results for its first quarter on May 8, 2024 after the U.S. financial markets close.
  • In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on May 9, 2024 at 9:00 a.m. CT to discuss the Company's results and to host a Q&A session.

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.