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Addison
Hart Energy
Atlas Energy Solutions to Acquire OFS Power Company Moser for $220MM
Atlas Energy Solutions said it will purchase Moser Energy Systems in a cash-and-stock deal that adds power services in the company’s core Permian Basin operating area.
Shell Completes Deal to Buy Power Plant in Rhode Island
Shell has completed its previously announced acquisition to buy a 609-megawatt combined cycle gas turbine power plant in Rhode Island from RISEC Holdings.
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.
Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy
Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.
US Oil, Gas Rig Count Falls to Lowest Since Dec 2021
The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week's decline puts the total rig count down 45, or 7% below this time last year.
Tamboran, Falcon JV Plan Beetaloo Development Area of Up to 4.5MM Acres
A joint venture in the Beetalo Basin between Tamboran Resources Corp. and Falcon Oil & Gas could expand a strategic development spanning 4.52 million acres, Falcon said.
Could Trump’s Ban on Wind Leasing Halt Similar Oil and Gas Sales?
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
New Fortress Signs 20-Year Supply Deal for Puerto Rican Power Plant
The power plant, expected to come online in 2028, will be the first built in Puerto Rico since 1995, New Fortress said.
Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data.