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Mach Natural Resources acquires Permian assets to mark entry into basin

Permian Basin Oil and Gas Magazine

billion to mark entry into Permian Basin and San Juan Basin to complement its existing operations in Mid Continent. These assets lie on the Central Basin platform and its eastern, northern and northwest shelves. These assets lie on the Central Basin platform and its eastern, northern and northwest shelves. million acres.

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Peregrine Energy acquires interests in six states, including Delaware Basin

Permian Basin Oil and Gas Magazine

Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico. The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin.

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Report: Blackbeard leads horizontal drilling resurgence in Central Basin

Permian Basin Oil and Gas Magazine

Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.”

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Geothermal from Great Basin: Great Potential

Permian Basin Oil and Gas Magazine

Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equal to one-tenth of the current U.S. The projected 10 percent would be a major increase, as geothermal energy currently generates less than 1 percent of the nation’s power supply. power supply, according to assessments by the U.S.

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Dry Fork Secures Federal Funding Under $1B Large-Scale Carbon Capture Pilot Program

POWER Magazine

A project near Basin Electric’s Dry Fork Power Station, a 405-MW coal-fired power plant near Gillette, Wyoming, has become the first of four Department of Energy (DOE) selections to receive […] The post Dry Fork Secures Federal Funding Under $1B Large-Scale Carbon Capture Pilot Program appeared first on POWER Magazine.

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Post Oak Energy Capital closes Fund V with investments in Permian Basin

Permian Basin Oil and Gas Magazine

Houston-based Post Oak Energy Capital said last week it closed Fund V of Post Oak Energy Partners in May with capital investments of $600 million. Fund V has made commitments to five portfolio companies with capital deployed across the Permian, Haynesville and Utica basins.

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ONEOK acquires remaining 49 percent interest in Delaware Basin JV

Permian Basin Oil and Gas Magazine

percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.

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