Delek Closes $285MM Buyout of Permian’s Gravity Water Midstream
Delek Logistics continues to focus on bolstering its Permian Basin infrastructure holdings with the acquisition of Gravity Water Midstream.
Vitesse Energy to Buy Bakken Pureplay Lucero in $220MM Deal
Vitesse Energy will acquire Lucero Energy’s Bakken/Three Forks assets, including 25 net remaining locations, 1.9 net DUCs and 20 wells that are candidates for recompletions.
Marketed: Hess 3-Well Package in Bakken Shale
Hess Corp. has retained EnergyNet for the sale of a three-well Bakken Shale package in Mountrail and Ward counties, North Dakota.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
The Explosive Evolution of Fracking: A 75-Year Journey
Despite some initial resistance to the idea, Halliburton and Stanolind Oil pioneered the hydraulic fracturing that led to the shale boom.
Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Devon Energy President and CEO Rick Muncrief, who has led Devon during past four years, will retire March 1. The board named COO Clay Gaspar as his successor.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Energy Transition in Motion (Week of Dec. 6, 2024)
Here is a look at some of this week’s renewable energy news, including a record-setting quarter for solar module capacity in the U.S.
Chord Taps Gradient Geothermal’s Tech for Williston Basin Power
The first-of-its-kind deployment for the geothermal company in North Dakota involved removing heat from produced fluids to create electricity.
Utica Play Economics Are Middleweight, Enverus Says
Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.