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Ring Energy to Acquire Founders Oil & Gas’ Central Basin Platform for $75 Million
July 20, 2023
Ring Energy has entered into an agreement to acquire the Central Basin Platform (CBP) assets of Founders Oil & Gas for $75 million in cash. Founders’ CBP operations are located in the Permian Basin in Ector County, Texas and are
Houston Natural Resources Acquires Cunningham Energy, Will Change Its Name and Rebrand
July 20, 2023
Houston Natural Resources Corp. (HNRC) has completed the acquisition of a 100 percent interest in Cunningham Energy (CE), increasing HNRC’s net asset value $3.35 per share. The company also previously completed the acquisition of a 9.9 percent interest in Cunningham
Enterprise Begins Service at Its Sixth Midland Basin Natural Gas Processing Plant
July 19, 2023
Enterprise Products Partners has started service at its Poseidon cryogenic natural gas processing plant in Glasscock County, Texas. The new plant, which is the company’s sixth in the Midland Basin, has a nameplate capacity of 300 million cubic feet per
Marubeni and Bison Low Carbon Ventures to Develop Canadian CCS Project
July 19, 2023
Marubeni Corporation has entered into a share subscription agreement with Bison Low Carbon Ventures, to facilitate development of Bison’s carbon capture and storage (CCS) projects in Alberta, Canada. The Meadowbrook CCS Project, one of the projects being developed by Bison,
Fervo Energy Makes Geothermal Breakthrough with Nevada Pilot Project
July 19, 2023
Fervo Energy has successfully completed the well test at its full-scale commercial pilot, Project Red, in northern Nevada. Fervo is hosting research and industry partners for the inaugural Fervo Energy Technology Day in Houston to present findings from the project
Buckeye Partners Acquires Carbon Capture Company Elysian
July 18, 2023
Buckeye Partners has acquired Elysian Carbon Management from EnCap Flatrock Midstream. Elysian provides integrated end-to-end carbon capture and storage (CCS) solutions to industrial, power, and similar facilities seeking to transition to lower carbon products to advance emissions reductions goals. “This
Chesapeake Energy Achieves Recertification of Marcellus Operations
July 18, 2023
Chesapeake Energy Corporation has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet (bcf) of gross natural gas per day during the first quarter of 2023. The company
Black & Veatch Chosen for FEED Work on Proposed Ksi Lisims LNG Floating Natural Gas Project, Canada
July 18, 2023
Black & Veatch, in collaboration with Samsung Heavy Industries (SHI) of South Korea, have been awarded a front-end engineering design (FEED) contract for the Ksi Lisims LNG nearshore floating production facility in northwest Canada. The Ksi Lisims LNG project represents
Ameresco, United Power Sign Contract for Multi-site Battery Energy Storage System
July 18, 2023
Ameresco has signed a contract for a significant battery energy storage asset in partnership with United Power, an electric cooperative serving Colorado’s northern Front Range. The groundbreaking asset installation entails a multiple site, 78.3 MW, 313.34 MWh battery storage system,
BP Energy Partners Sells Interests in Mesa Natural Gas Solutions
July 17, 2023
BP Energy Partners (BPEP), a Dallas, Texas based, investment manager has closed on the sale of Mesa Natural Gas Solutions, a portfolio company of BP Natural Gas Opportunity Partners, L.P. BP Energy Partners co-founded Mesa in 2014. Since then, Mesa
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