Reservoir engineering

Diamondback Energy Announces Executive Leadership Appointments and Promotions

Retrieved on: 
Tuesday, February 20, 2024
Diamondback Energy, Senior, FANG, Reservoir engineering, Corporate development, Information technology, Geology, Management

MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately.

Key Points: 
  • MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately.
  • Al Barkmann, currently Senior Vice President of Reservoir Engineering, has been promoted to Executive Vice President and Chief Engineer.
  • Jere Thompson, currently Senior Vice President of Strategy and Corporate Development, has been promoted to Executive Vice President of Strategy and Corporate Development.
  • The rapid rise of the individuals listed above is a testament to their talent and contribution to the continued success of Diamondback Energy,” stated Travis Stice, Chief Executive Officer and Chairman of Diamondback.

Pulse Oil Corp. Announces Rights Offering to raise $4,156,000 and Provides Operations Update

Retrieved on: 
Friday, December 8, 2023
TSX Venture Exchange, Indian stock exchange, Standby, News, United, Reservoir engineering, Multilateral, NGL, Trust, Common, Exercise, Eligibility, Nisku, Sale, Central Alberta, Circular, Date, Water, Growth, Minority, Security (finance)

If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.

Key Points: 
  • If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.
  • The Rights Offering is not subject to the related party rules under MI 61-101 based on a prescribed exception related to rights offerings.
  • Pulse understands that certain directors and officers of Pulse who own Common Shares may intend to exercise their rights to purchase Common Shares under the Rights Offering.
  • Complete details of the Rights Offering are set out in the Circular and the rights offering notice (the ‎‎“Notice”), which are filed under Pulse’s profile at www.sedarplus.ca .

NobleAI’s Science-Based AI Technology to be Highlighted at SPE Annual Technical Conference and Exposition

Retrieved on: 
Thursday, October 12, 2023
Carbon, Reservoir engineering, Geology, ATCE, SPE, AI, Society of Petroleum Engineers, Society, Growth, SAN, Chemical substance, ExxonMobil, Conference, Poster, Informatics, Medical device, Exhibition

SPE ATCE is the leading technical energy conference and exhibition for global E&P professionals, focused on discussions around innovation in energy and the technology developments that are building the upstream industry’s road to sustainable solutions and growth.

Key Points: 
  • SPE ATCE is the leading technical energy conference and exhibition for global E&P professionals, focused on discussions around innovation in energy and the technology developments that are building the upstream industry’s road to sustainable solutions and growth.
  • On Wednesday, October 18 at 9:45 a.m. CT, Deepen Gala, Reservoir Engineer, ExxonMobil Upstream Company will present the poster, which showcases the use of advanced, deep-learning algorithms and AI technology to accelerate multi-well and multi-bench unconventional development.
  • “Science-Based AI can help scientists and engineers quickly gain the insights they need to make better informed, real-time decisions faster.
  • We look forward to presenting the poster on using AI in unconventional development with ExxonMobil at SPE.”
    For more information about SPE ATCE and to register, visit: https://www.atce.org/

Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions

Retrieved on: 
Wednesday, October 11, 2023
Technology, Construction & Property, Utilities, Software, Networks, Energy, Mining, Minerals, Data Management, Other Construction & Property, Natural Resources, System, Multimedia, Acquisition, BSY, Flow State, Völsung, Reservoir engineering, Bentley Systems, Environment, Exploration, Renewable energy, Flow

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software.

Key Points: 
  • Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software.
  • View the full release here: https://www.businesswire.com/news/home/20231011787324/en/
    An example of a geological model built in Leapfrog Energy being utilized for reservoir simulation in Flow State Solutions software Volsung.
  • Flow State Solutions’ geothermal reservoir, wellbore, and surface network simulation software helps project developers and operators better understand geothermal resources for asset development and optimization and improved well performance.
  • Detailed models of the subsurface built in Leapfrog Energy can be utilized in Flow State Solutions’ simulation environment to build a full picture of a geothermal asset.

Phoenix Capital Group Purchases Assets in North Dakota

Retrieved on: 
Wednesday, September 6, 2023
Plan for Completion of Combined Bomber Offensive, Senior, Fossil fuel, DSU, Reservoir engineering, Gas, Powder River Basin, Acquisition, Social Democrats (Slovenia), Regulatory affairs, Potash, Management, Land, Operation, Geology

DENVER, Sept. 6, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings LLC, a family-owned enterprise specializing in oil and gas mineral rights acquisition and non-operated working interests, is thrilled to announce a significant acquisition in North Dakota. The company has recently finalized the purchase of prime assets valued at approximately $9 million, from Oil and Gas industry leader XCL Resources, further solidifying its growing presence in the region. The official closing of this transaction is scheduled for the end of August.

Key Points: 
  • Summary: Phoenix Capital Group, a leading oil and gas mineral rights acquisition company, has announced the purchase of roughly 2,530 net acres of land in Mountrail County, North Dakota valued at roughly $9 million.
  • DENVER, Sept. 6, 2023 /PRNewswire/ -- Phoenix Capital Group Holdings LLC, a family-owned enterprise specializing in oil and gas mineral rights acquisition and non-operated working interests, is thrilled to announce a significant acquisition in North Dakota.
  • Phoenix Capital Group announces the purchase of ~2,530 net acres of land in Mountrail County, ND valued at ~$9 million.
  • As a wholly owned subsidiary of Phoenix Capital Group, Phoenix Operating, LLC recently announced its ambitious expansion into North Dakota, equipping the operating team with the tools and resources necessary to cultivate its own oil and gas production capabilities earlier this year.

HNRC ACQUIRES 40% INTEREST IN RHINO ENERGY PTY LTD

Retrieved on: 
Friday, March 31, 2023
HNRC, CNOOC Petroleum North America, Petroleum, University, Engineering, ConocoPhillips, WDHI, ASX, Reservoir engineering, Australian Securities Exchange, Apache, Mechanical, Bachelor of Science, Royal, Operations management, Avoca Resources Limited, Cold Lake, Royal Military College of Canada, OTC, FINRA, CHOPS, Letter, Corporate development, Oil

HOUSTON, March 31, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("Company") announced today it has acquired a 40% interest in Rhino Energy Pty Ltd.

Key Points: 
  • HOUSTON, March 31, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("Company") announced today it has acquired a 40% interest in Rhino Energy Pty Ltd.
    Rhino Energy Pty Ltd is an Australian energy company with a focus on oil and gas development in North America.
  • Mr. Fontaine has been the founder or primary partner in numerous start-ups including Pure Energy Resources, an ASX listed company which sold for over (Australian) $1 billion.
  • Rhino Energy's management team is rounded out by Messrs. Mike Mason and Gregor Mahwinney.
  • The company also announced that it has extended its letter of intent to acquire the 90.1% interest of Cunningham Energy LLC.

Jonathan Grammer to Speak on Carbon Capture to Texas Land & Mineral Owners on Nov. 18 in Austin

Retrieved on: 
Tuesday, November 1, 2022
Carbon, Goal, CEO, Carbon capture and storage, Grammer, Geology, Safety, Railroad Commission of Texas, United States Environmental Protection Agency, Production, Facilities engineering, Massachusetts v. Environmental Protection Agency, Reservoir engineering, Class, Grave, Oil

Carbon Capture, will present on the issue of Carbon Capture and Storage to Texas land and mineral rights owners November the 18th in Austin, Texas.

Key Points: 
  • Carbon Capture, will present on the issue of Carbon Capture and Storage to Texas land and mineral rights owners November the 18th in Austin, Texas.
  • The presentation will be part of the 7th Annual Land and Mineral Owner's Symposium hosted by Austin law firm Graves, Dougherty, Hearon & Moody.
  • This moves the State of Texas closer to a state wide and commercially viable deployment of carbon capture and sequestration.
  • As such, it is a leading law firm in the State of Texas for representation of land and mineral owners.

Hart Energy Announces 2022 Oil and Gas Investor 'Forty Under 40' Honorees

Retrieved on: 
Monday, October 24, 2022
A&D, News, CFO, Electricity, DUG, Doctor of Philosophy, Architecture, General manager, Organization, Engineering, Corporation, ConocoPhillips, Oil, Public affairs, Reservoir engineering, Industry, Hart Energy, Energy and Utility Skills, Strategic management, Management, Hotel manager, Amazon Web Services, GIS, Leadership, Audit, Primary energy

HOUSTON, Oct. 24, 2022 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2022 "Forty Under 40" recognition program.This prestigious annual process began in 2016 and attracts strong support from the petroleum industry and the financial community.Honorees traditionally span varied organizations and disciplines: investment banks, oil and gas producers, midstream operators, service companies and technology providers with responsibilities for management, acquisitions and divestitures, law, finance and more.

Key Points: 
  • HOUSTON, Oct. 24, 2022 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2022 "Forty Under 40" recognition program.This prestigious annual process began in 2016 and attracts strong support from the petroleum industry and the financial community.Honorees traditionally span varied organizations and disciplines: investment banks, oil and gas producers, midstream operators, service companies and technology providers with responsibilities for management, acquisitions and divestitures, law, finance and more.
  • Qualified individuals were nominated by peers, colleagues or superiors in an open submission process.All are recognized for proven leadership or potential and positive impact on their respective organizations.These role models demonstrate entrepreneurial spirit, creative problem solving, leadership and community involvement.
  • Video interviews and other special features with these individuals will be posted to HartEnergy.com, just as these interviews were last year.Editorial profiles of each honoree also will appear in a special supplement toOil and Gas Investor.
  • The Houston-based company produces the award-winning magazine Oil and Gas Investor; online news and data services; in-depth industry conferences (like the DUG series); GIS data sets; mapping solutions; and a range of data intelligence services.Formore information, visit hartenergy.com .

Jonathan Grammer with U.S. Carbon Capture to Speak at Dallas Bar Annual Symposium

Retrieved on: 
Monday, July 25, 2022
Other Energy, Utilities, Oil, Gas, Natural Resources, Coal, Energy, Other Natural Resources, Mining, Minerals, Carbon, Momentum, Well, EPA, VI, View, Industry, Class, House, Reservoir engineering, Production, Dallas Bar Association, Multimedia, Railroad Commission of Texas, Facilities engineering, Geology, Oil

As part of the Dallas Bar Associations Annual Energy Law Symposium being held August 4th and 5th, Jonathan R. Grammer with U.S.

Key Points: 
  • As part of the Dallas Bar Associations Annual Energy Law Symposium being held August 4th and 5th, Jonathan R. Grammer with U.S.
  • Carbon Capture, will present on the implications of industrial carbon capture for the future of Texas oil and gas industry.
  • Carbon Capture, a project development firm with its corporate offices in Dallas, has been focused intently in the area of on-shore carbon capture and injection, now having several projects in development in across the state.
  • View the full release here: https://www.businesswire.com/news/home/20220725005019/en/
    Momentum behind industrial carbon capture, especially within the fossil fuels industry, continues to accelerate in Texas.

B-32 EXPLORATION CLOSES PRIVATE PLACEMENT AND APPOINTS JASON SMITH TO BOARD OF DIRECTORS

Retrieved on: 
Tuesday, January 11, 2022
Stanford University, Engineering, Mobil, Sturgeon, Operations engineering, Reservoir engineering, B-32, Plan, MBA, Stanford Graduate School of Business, Growth, AB, Texas A&M University, Murphy Oil, Gulf of Mexico, Tulane University, ExxonMobil, API, Oil, Science

This represents a significant milestone for the company as it is now proceeding with the drilling and completion of its first Duvernay oil well.

Key Points: 
  • This represents a significant milestone for the company as it is now proceeding with the drilling and completion of its first Duvernay oil well.
  • Normalizing for lateral length and an extreme limited entry completion results in a production rate in line with B-32's type curve of 740 bbl/d.
  • B-32 is also pleased to announce the appointment of Jason Smith to the board of directors.
  • The company is led by an experienced management team with a successful track record of creating significant shareholder value.