Ameren Corporation, a regional electric utility, currently produces two-thirds of its electricity using coal-fired power plants (and almost no gas-fired plants). By 2045, the company plans to have no electricity produced by coal, with unreliable renewables making up most of the mix. The unreliable renewables need a backup — natural gas. The company recently firmed…
Read More...Atlas Energy Solutions Inc. entered into a definitive agreement with Hi Crush Inc. to acquire all of Hi-Crush’s Permian Basin proppant production assets and the company’s North American logistics operations in a transaction valued at $450 million. Although Atlas focuses solely on the Permian, Hi-Crush sells proppant to multiple basins, including deals with drillers in…
Read More...Ørsted appointed Trond Westlie as CFO and executive board member and Patrick Harnett as COO following company difficulties in 2023, including a $4 billion impairment charge in third-quarter 2023. This post appeared first on Hart Energy.
Read More...Hess Corp. said on Feb. 27 that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron Corp. and it remains “fully committed” to the deal. This post appeared first on Hart Energy.
Read More...After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal. This post appeared first on Hart Energy.
Read More...The $450 million deal effectively connects Atlas Energy Solutions’ Delaware Basin logistics and proppant offerings with Hi-Crush’s operations in the Midland Basin. This post appeared first on Hart Energy.
Read More...Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time. This post appeared first on Hart Energy.
Read More...Anadarko Minerals has retained EnergyNet for the sale of a Woodford Shale opportunity in Blaine County, Oklahoma. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards. This post appeared first on Hart Energy.
Read More...CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors. This post appeared first on Hart Energy.
Read More...With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter. This post appeared first on Hart Energy.
Read More...First Solar commissioned a study to analyze the economic impact of its vertically integrated solar manufacturing value chain. This post appeared first on Hart Energy.
Read More...Our worst fears about the merger between Cabot Oil & Gas and Cimarex Energy to form Coterra Energy have come to pass. We said from the beginning that the new company would use the Marcellus as a “cash cow” to fund more oil drilling. That’s now happening. Yes, the price of natural gas (especially in…
Read More...Sometimes, we get a miracle. A liberal Democrat judge from Franklin County, OH, ruled on Friday that anti-fossil fuel fanatics don’t have the right to appeal a decision by the Ohio Oil & Gas Land Management Commission (OGLMC) to meet and award contracts to drill under (not on) several Ohio state parks, including the 20,000-acre…
Read More...Members of the Wet Virginia State Senate voted on Friday to permanently retain a flawed oil and gas well valuation formula. The Senate vote comes after the House had previously voted to do the same thing (see WV’s Botched NatGas Property Tax Gets Messier with House Vote). The formula used has been the cause of unending…
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