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Pinnacle Midstream Finalizes Development of Midland Basin Gas Processing Complex
August 2, 2021
Pinnacle Midstream has initiated Phase II development of the Dos Picos System with the construction of a natural gas processing facility — totaling 200 million cubic feet per day (MMcf/d) upon completion — in the Midland Basin. The project is
Halliburton Launches Low Cost, Direct Fracture Monitoring Service
August 2, 2021
Halliburton Company has introduced ExpressFiber™, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad. Understanding and optimizing well and fracture interference is a
DOE Releases Tool Updates for Securing America’s Energy Infrastructure from Cyber Threats
August 2, 2021
Cyber threats to our nation’s energy systems are rising. Recent cyber incidents, like the Colonial Pipeline attack, have demonstrated the power of malicious actors to shut down our nation’s critical energy infrastructure and disrupt our energy supplies, economy, and everyday
Hess Expects U.S. Shale’s Return to Pre-COVID Levels to Take Several Years
August 2, 2021
U.S. oil output could take more than four years to reach pre-pandemic levels, oil producer Hess Corp. said on Wednesday, sticking to its spending plan despite rising demand to focus on shareholders returns over growth. U.S. crude prices have jumped
Buckeye Partners Continues to Invest in Energy Transition With Strategic Solar Acquisition, Texas
August 2, 2021
As part of its strategic approach to long-term value creation, Buckeye Partners has taken another step by acquiring a solar development project in Hill County, Texas from leading renewable energy developer, Dallas-based Belltown Power Texas. “Buckeye is focused on being
Cold Bore Technology Closes $14 Million in Growth Financing
July 30, 2021
Cold Bore Technology has closed $14 million in growth financing. The round was led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Existing investors include the Rice Investment Group (RIG), and a $200 million multi-strategy, energy
Liberty Oilfield Services Launches Advanced Fracture Diagnostic Service
July 30, 2021
Liberty Oilfield Services has unveiled the FracSense™, a diagnostic service to help E&P customers acquire more accurate diagnostic well data to optimize hydraulic fracture completions and well spacing. Launched in partnership with OptaSense, a Luna Innovations company, the diagnostics service
Chevron to Sell Some Permian Assets Valued at More than $1 Billion
July 30, 2021
Chevron Corp is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters. U.S. oil futures have soared more than 50 percent so far
Spartan Delta to Acquire Montney Producer Velvet Energy for $595 Million
July 29, 2021
Spartan Delta has agreed to acquire Velvet Energy, a light-oil producer in the Montney Play in Canada, for a sum of nearly C$743.4 million ($595.43 million). Velvet Energy, which is privately held, mainly operates in the Gold Creek, Pouce Coupe,
Shell Takes FID on Whale Development in Texas, Gulf of Mexico
July 29, 2021
Royal Dutch Shell’s subsidiary Shell Offshore has taken a final investment decision (FID) for the Whale development in the U.S. Gulf of Mexico. The Whale oil field will have a semi-submersible production unit that will be installed in a water
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