The U.S. Department of Energy awarded Pioneer Energy with a $10 million grant for Pioneer’s new well pad processing technology, which will help eliminate routine flaring and emissions from oil and gas production sites. (Source: Shutterstock)
The U.S. Department of Energy has awarded Pioneer Energy with a $10 million grant for its emission control treater (ECT) technology.
The ECT will eliminate routine flaring and nearly all methane and conventional emissions from oil and gas production sites.
The grant, announced May 28 by Pioneer, will provide funds to scale the ECT from pilot to commercial scale and deploy the equipment with one or more oil producers for a six-month field trial.
Pioneer Energy has partnered with Colorado School of Mines to independently measure and validate the resulting emissions and flaring reductions and to compare the results to currently utilized technologies.
Recommended Reading
Permian Surface-owner LandBridge to Raise up to $367MM in IPO
2024-06-17 - Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
Scott Sheffield Among Investors in Australian Shale Gas IPO
2024-06-27 - The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.
Permian’s LandBridge Prices IPO Below Range at $17/Share, Raising $247MM
2024-06-30 - Houston-based LandBridge, which manages some 220,000 surface acres in the Permian Basin, kicked off trading at $19 per share, more than 10% above its listing price.
LandBridge Chair: In-basin Data Centers Coming for Permian NatGas
2024-06-28 - Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.