Viking Minerals Closes Funds II, III to Undisclosed Buyer
With the exit of the funds, Viking Minerals has invested more than $66 million since 2017 for a total return of nearly $125 million.
Gas-fired Power Generation Sets New Records Over Summer EIA
Hot temperatures and cheap prices continue to increase demand from utilities, spurring the record consumption of natural gas to generate electricity, according to the U.S. Energy Information Administration.
Tailwater E&P CEO Details Recent Core Permian Acquisition
Tailwater E&P CEO Doug Prieto said the firm put together funding for the deal from institutions, investors and family offices looking for “high quality assets that have durable cash flow.”
As Midstream Wobbles on IRA and ESG, a New Trend Opens Up for Sector
Enthusiasm for the Inflation Reduction Act (IRA) and ESG in the midstream sector is waning. Players are turning to a new trend—asset-backed securitization.
Chevron’s Texas Haynesville May Fetch $1B from Tokyo Gas—Report
Chevron holds more than 70,000 net acres in Panola County, Texas, but had only five Haynesville wells on the acreage at year-end 2023.
Sable Offshore Plans Restart of Subsea Pipeline After 2015 Shutdown
Sable Offshore Corp. says the permits needed to begin operations on the Santa Ynez line offshore California, which shut down due to an oil leak in 2015, are not yet in place.
Vivakor Closes Acquisition of Permian, Eagle Ford Crude Logistics
Vivakor purchased Endeavor Crude and related companies, which have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and Oklahoma’s STACK play.
Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program
(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …
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Exxon Mobil Shuts Some North Dakota Oil Wells Due to Wildfires
Exxon Mobil shut oil wells and production sites in North Dakota due to multiple wildfires.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.