Onshore
Field Development
Royale Reports Favorable Results in Permian’s Mississippian Interval
Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year.
Acquisitions & Divestitures , Policy & Regulations , Mergers
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.
Gathering & Processing , Pipelines , Acquisitions & Divestitures
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Solar
Enbridge, EDF’s Fox Squirrel Solar Project Goes Online
Fox Squirrel, a solar project owned by Enbridge and developed by EDF Renewables North America, aims to help meet central Ohio’s increasing power demand, which could double by 2028.
Energy Transition , Technology
Avangrid to Upgrade Eversource’s Massachusetts Electric Grid
Avangrid will convert Eversource’s 115 kv line into a 345 kv line that will run from the Bourne Substation to the West Barnstable Substation in Massachusetts.
Acquisitions & Divestitures , Shale Plays , Crude Oil , Super DUG , Hart Energy Exclusive
CEO: FireBird Energy Constantly Scouring the Midland Basin for Deals
Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.
Emissions , Crude Oil
Imperial’s Project to Lower Oil Sands Emissions Begins Production
Imperial Oil, majority owned by Exxon Mobil, is deploying a new recovery technology at its Grand Rapids oil sands project in an effort to drastically reduce emissions by 2030.
Midstream
Piñon Midstream Increases Delaware Basin Sour Gas Treating Capacity
Piñon Midstream plans to expand operations at Lea County, New Mexico, facility, the company said.
Infrastructure , Renewables , Energy Transition , Super DUG
Texas' ERCOT Power Needs to Nearly Double Over Next Six Years
As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.
Private Equity , Acquisitions & Divestitures , ESG , Artificial Intelligence , Machine Learning , Super DUG , Hart Energy Exclusive
Quantum’s Wil VanLoh on Turning ESG into E$G
Wil VanLoh, founder and CEO of Quantum Energy Partners said private companies need to change their mindset on ESG because they’re building a product to sell to public companies — and may be missing out on cost savings.