
In this aerial photo, an offshore jack-up rig can be seen. The Bureau of Safety & Environmental Enforcement (BSEE) has awarded Promethean Energy and Endeavor Management two contracts for the decommissioning of nine orphaned wells in the Matagorda Island area, in federal waters approximately 12 miles off the Texas coast. (Source: Shutterstock.com)
The Bureau of Safety & Environmental Enforcement (BSEE) has awarded Promethean Energy and Endeavor Management two contracts for the decommissioning of nine orphaned wells in the Matagorda Island area, in federal waters approximately 12 miles off the Texas coast.
Promethean has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract to conduct the decommissioning. Endeavor was also awarded a five-year contract, in order to support BSEE with project management and oversight of the orphaned infrastructure.
“President Biden’s Bipartisan Infrastructure Law is providing critical funding to help us remove these serious hazards to safety and the environment,” said BSEE Director Kevin Sligh.
This contract is partially funded by President Biden’s Bipartisan Infrastructure Law through a recently announced $64 million commitment by the Biden-Harris Administration to address orphaned oil and gas wells on public lands.
Recommended Reading
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
2025-03-14 - Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.
Sources: Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
2025-03-13 - Hedge fund giant Citadel’s acquisition includes approximately 60 undeveloped Haynesville locations, sources told Hart Energy.
Murphy Oil Buys BW's Pioneer FPSO for $125MM
2025-03-13 - Murphy Oil Corp. is buying an FPSO from BW Offshore for $125 million.
Enverus Acquires Pearl Street Technologies to Help Bolster Grid
2025-03-13 - The acquisition of the spinout from Carnegie Mellon University strengthens Enverus’ suite of offerings as it expands deeper into power and energy transition solutions, the company says.
Golden Gate Capital Completes Stonehill Environmental Sale
2025-03-12 - Private equity firm Golden Gate Capital has completed the sale of energy infrastructure company Stonehill Environmental Partners for an undisclosed amount.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.