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
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
2025-02-26 - BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
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.