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Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope

Oil Gas Leads

Now, Pantheon is refocusing its efforts on the Dubhe-1 appraisal well, targeting the Ahpun Topset horizon , a reservoir with 282 million barrels of liquids and 804 Bcf of gas , according to a June 2024 report by Cawley Gillespie & Associates. The Nabors 105AC rig is currently mobilizing to the site.

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From Wellhead to Server Rack – How U.S. Shale Is Powering the AI Data Center Boom

Oil Gas Leads

It’s forming a joint venture with a hyperscaler and a power producer to build a large gas-fired plant in the Permian Basin, using its own gas. CEO Travis Stice explained the motivation simply: “We’re figuring out how to turn that gas into more value for shareholders.”

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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Natural Gas Processing Capacity Growth ONEOK is relocating a 150 MMcf/d natural gas processing plant from North Texas to the Permian Basin. This move supports the companys growing gas gathering and processing footprint.