Fervo announced its latest round of funding this week to the tune of $244 million. The round was led by Devon Energy, a company that’s previously backed the startup.
Devon Energy invests in Fervo Energy geothermal technology
Chesapeake Energy Invests in Houston geothermal startup
Houston-based Sage Geosystems announced the first close of $17 million round led by Chesapeake Energy Corp.
Double E Pipeline announces open season Delaware Basin
Double E is a 135-mile Federal Energy Regulatory Commission-regulated interstate natural gas transmission pipeline that commenced operations in November 2021 and provides transportation service from receipt points in the Delaware Basin to various delivery points in and around the Waha hub in Texas.
Apache must pay $4 million in penalties or air quality violations
Apache Corp. must implement a third-party verification system to ensure that it’s complying with a court-approved consent decree for air quality violations at its well pads in Texas and New Mexico.
TotalEnergies has agreed to purchase Lewis Energy Group’s 20 percent stake in the Dorado leases
TotalEnergies has agreed to purchase Lewis Energy Group’s 20 percent stake in the Dorado leases, which are operated by EOG Resources (80 percent) in the Eagle Ford shale gas play, Trend reports.
Chevron expands carbon capture portfolio with ION Clean Energy investment
Chevron New Energies, a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy, a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system.
Diamondback to boost oil production while cutting Permian drilling rigs following Endeavor megadeal
Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of competitor Endeavor Energy Resources LP, a move that will help satisfy investors.
Chevron a Simul-Frac Believer
The simul-frac, also called a twin frac and other terms, has been warmly embraced across the US shale sector since it enables one fracture stage in two adjacent wells to be stimulated at the same time.
Chevron factory approach to the Permian
Chevron use multiwell pads, where we drill a series of horizontal wells in a single pad. Using hydraulic fracture stimulation, we complete several wells at the same time.
Occidental Petroleum Overview
Occidental Petroleum Corporation is a US based oil and gas producer with 1.2mm barrels per day produced in 2023 predominantly in the Permian basin, that’s around 10% of total US production, with around 4bln proved reserves barrels of oil.