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With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. Mark Teshoian, Co-Managing Partner of Kayne’s Energy Private Equity practice, stated, “We are excited to partner with Tom and the Mach team on this transformative transaction.
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.
Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the worlds top shale basin. supermajor, told Reuters in an interview.
The fund partners with experienced management teams to provide equity capital for growth, development, acquisitions and recapitalizations. Fund V has made commitments to five portfolio companies with capital deployed across the Permian, Haynesville and Utica basins.
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
This purchase strengthens the firms growing position in the core of the Midland basin, widely regarded as one of the most prolific energy-producing regions in the United States. The acquisition was made through the Maroon Bells Fund, one of Rising Phoenix Capitals actively managed mineral portfolios.
Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. About EnerCom, Inc.:
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
How the development, validation, and large-scale deployment of online solids management systems is saving operators money by releasing flowback equipment sooner, minimizing equipment damage due to solids carry-over, and reducing the need for shutdowns and confined space entry cleanout operations. paraffins, waxes, and asphaltenes.)
Institutional investors, family offices, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now. Meetings are limited to buy-side principals, portfolio managers, CIOs, and securities analysts. Companies continue to be added to the schedule daily.
Mariano Guerrico, Global Technology Manager, Tracerco, describes how cutting-edge technology has transformed flow control and monitoring, showcasing a case study from the Santos basin offshore Brazil.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. domestic energy production.
Department of the Interiors Bureau of Land Management (BLM) Pecos District Office. When used in this press release, the words anticipate, believe, estimate, expect, future, intend, plan or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements.
We anticipate a shift in the global exploration and production market, with offshore basins expected to play an increasing role in global oil production. Talos will take a strategic and measured approach in assessing opportunities within the Gulf of America and other conventional offshore basins. Build a long-lived, scaled portfolio.
STRATOS is under construction in Ector County in Permian Basin. The post JPMorganChase purchases 50,000 metric tons of carbon dioxide removal credits appeared first on Permian Basin Oil and Gas Magazine.
Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. The report shows federal lands in Permian Basin with 8.936 billion barrels of oil and 58,468.4 public lands. billion cubic feet of gas. Estimates are 8.926 billion barrels of oil and 85,393.7
Mach is entering the Permian Basin and San Juan Basin , complementing its existing Mid-Continent operations. Ward , CEO of Mach: “These acquisitions are transformative… we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet.”
Explorco has announced plans to drill its first well in the basin in Q1 2026the first such activity since 1974. Speaking at the executive roundtable Michael Aryeetey, Managing Director of … Read More The post GHANA: Explorco to Drill First Well in the Voltaian Basin in Q1 2026 appeared first on oilnewsafrica.
This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.
The injection zone of the new well will target the Devonian formation of the northern Delaware Basin. The post Northwind Midstream receives approval for additional AGI well in Lea County appeared first on Permian Basin Oil and Gas Magazine. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
Chevron plans to leverage its deep expertise in fluid handling and reservoir management to scale DLE operations and supply battery-grade lithium for EVs, grid storage, and consumer electronics. The Smackover is rich in lithium-laced brines—ideal for Direct Lithium Extraction (DLE) , a clean, water-efficient alternative to traditional mining.
It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9
As we approach the second half of 2025, EOG Resources (NYSE: EOG) is positioning itself for another year of resilient performance through disciplined capital allocation, basin diversification, and continued operational innovation. Final Takeaway EOG’s 2025 strategy can be summarized in three words: Focus, Flexibility, Fundamentals.
Date: July 2025 Ironwood Midstream Energy Partners LLC continues to strengthen its role in the Eagle Ford Shale with the operation and regulatory management of three significant pipeline permits in Karnes County, Texas.
The report cites data from the Bureau of Land Management and analysis by the council. The post Energy Workforce says oilfield services sector remains “resilient” appeared first on Permian Basin Oil and Gas Magazine. Total jobs in the energy services sector reached 638,876 in May, including 311,324 in Texas.
Spirit O&G’s acquisition marks a strategic move into mature Permian Basin acreage , consistent with its proven model of optimizing legacy production assets. Leadership Profile: Todd Guest, Co-Founder & Managing Director, Spirit O&G Todd Guest brings over three decades of oil & gas leadership to Spirit’s expansion.
Formed in 2023 and backed by Bayswater Management , Tejon Treating & Carbon Solutions is rapidly establishing itself as a cornerstone in the Permian Basin’s sour gas infrastructure landscape.
(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.
The system comprises a blend of natural gas gathering and transmission assets: 116.027 total permitted miles 105.19 miles of unregulated gathering lines 10.50 A Strategic Pipeline Transfer The acquisition was effective as of July 10, 2024 , and documented via a new T-4 permit submission by WBI Midstream.
Water Management as a Growing Constraint Produced water disposal is becoming a serious cost and logistical issue. Quote: “Water management is a potential disaster waiting to happen.” Disposal methods (trucking or reinjection) are expensive and can cause earthquakes. Oil Patch Faces a Challanges appeared first on Oil Gas Leads.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
In addition, certain Directors, management and their affiliates intend to subscribe for 23,333,333 new Ordinary Shares at the Issue Price to raise a further £0.7 Additional management analysis suggests that future, two-mile laterals on the Paradox project will have an estimated P50 individual well performance of 3.6 million gross.
Our journey began with the launch of OpenInvoice , a pioneering tool that brought invoice management into the 21 st century. Since then, we’ve continuously innovated, adding solutions like OpenContract PriceBook for price management, OpenTicket for digital field ticketing and OpenOrder for robust order management.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. miles northeast of Mentone, TX, this facility sits in the heart of the Delaware sub-basin. Morely Hamilton CTB and SWD Permit #145807 – Situated ~2.0
A fifth-generation Texas rancher, he began work in the energy industry at the age of 19 and later created a group of environmental management companies that service the energy industry. “I The post Wright succeeds Midland’s Craddick as chair of Railroad Commission appeared first on Permian Basin Oil and Gas Magazine.
Institutional investors, family offices, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register. The conference allows investors unparalleled networking opportunities, including one-on-one meetings with company management teams. About EnerCom, Inc.:
Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. About EnerCom, Inc.:
Garett Gauthier, Region Director Americas at OEG, said: “From our central location in Houston, with access to major port, rail, and highway infrastructure, we are well positioned to quickly mobilize tank supply to energy hubs throughout Texas, Louisiana, and beyond, enhancing uptime for customers managing mission-critical operations.”
The move aims to capitalize on the fact that the VTX oil and gas business is one of the few remaining privately-owned operators of scale in the Permian basin after the last two years run of dealmaking in the top U.S. Last year, VTX sold its surface acres to oil and gas land management company LandBridge for $245 million. billion.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Sources are cited in brackets.
These areas are cornerstones of the Delaware Basin, where associated gas volumes continue to surge alongside crude output. Local economies benefit from construction jobs, lease revenues, and enhanced community safety and waste management. gas markets.
Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries.
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