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Vertice Oil Tools Expands Its Portfolio with Acquisition of MorphPackers’ Assets
December 6, 2022
Vertice Oil Tools has acquired substantially all the assets of MorphPackers Limited. This acquisition bolsters Vertice’s re-completions capabilities, enabling Vertice to address the rapidly growing re-frac market. “We are excited to announce the complementary acquisition of Morph’s re-frac business. Morph’s
ChampionX Releases New XSPOC 3.2.2 Software to Extend Optimization Capabilities
December 6, 2022
ChampionX has releases its new XSPOC™ production optimization software, XSPOC 3.2.2. This release expands the software’s core artificial lift capabilities to include wellsite surveillance and chemical optimization. Continuing to build on autonomous control features previously introduced for rod lift and
Northern Oil and Gas Closes $157.5M Acquisition of Alpha Energy Partners’ Delaware Basin Assets
December 5, 2022
Northern Oil and Gas has closed its previously reported acquisition of properties from Alpha Energy Partners. The closing settlement was $155.1 million in cash, which includes a $17.5 million deposit paid at signing in September 2022. The closing cash settlement
ProFrac Holding to Acquire Monarch Silica’s Eagle Ford Sand Mining Operations
December 5, 2022
ProFrac Holding Corp. has entered into a definitive agreement to acquire the Eagle Ford sand mining operations of Monarch Silica. The transaction is expected to close by the end of 2022. “We are pleased to add the Monarch mine to
Babcock & Wilcox and Chart Industries to Collaborate on Hydrogen Innovation
December 5, 2022
Babcock & Wilcox (B&W) has entered into an agreement with Chart Industries to collaborate on the further deployment of B&W’s BrightLoop™ hydrogen generation technology, utilizing Chart’s integrated hydrogen liquefaction and cryogenic carbon capture equipment and expertise. Together, this solution provides
Whip Around Launches New Document Management Solution for Fleet Managers and Drivers
December 5, 2022
Whip Around has launched a new document management solution for fleet managers and drivers, a move designed to improve compliance and ensure their drivers are road ready at all times. Poorly managed or missing documentation consistently features in the top
UGI Appoints Robert Beard as Chief Operations Officer
December 5, 2022
UGI Corporation has appointed Robert F. Beard as chief operations officer (COO). “Bob has a long history of success at UGI and deep institutional knowledge of our company. He understands our vision and, as part of our executive leadership team,
XRI Commences Construction of Evolution Pipeline System in the Permian
December 2, 2022
XRI Holdings has commenced construction of its Evolution Pipeline System. The new Evolution Pipeline System is a purpose built large-scale, multi-producer water recycling and produced water infrastructure network connecting XRI’s considerable existing pipeline infrastructure system in Midland County to its
Interior Department Takes Action to Reduce Methane Releases on Public and Tribal Lands
December 2, 2022
The Department of the Interior announced a proposed rule from the Bureau of Land Management (BLM) to address the waste of natural gas during the production of oil and gas on federal and Tribal lands. The proposed rule would generate
DOE Issues RFIs for Future Growth Grants Program for Carbon Dioxide Transport and Field Development
December 2, 2022
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) issued two requests for information (RFIs) on the implementation of future growth grants under the Carbon Dioxide (CO2) Transportation Infrastructure Finance and Innovation (CIFIA) program and the
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