Ascent Resources 2023 Sustainability Report: Commitment to Excellence in Environmental, Social, and Governance Practices

Author: phinds Category: Oil & Gas News

Key highlights of the report include Ascent’s continued commitment to environmental stewardship, social responsibility, and robust governance practices. The company has made significant strides in emissions management, water conservation, land use, and community engagement. Ascent’s efforts are underpinned by a strong governance structure, a dedicated and talented workforce, and a relentless pursuit of operational excellence.

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AI and ML Workflows Enhance ConocoPhillips’ Decision-Making for Permian Basin Assets

Author: phinds Category: Oil & Gas News

ConocoPhillips is leveraging automated artificial intelligence (AI) and machine learning (ML) workflows to make more efficient and economically sound decisions for its nonoperated assets in the Permian Basin. According to Tom Williford, a reservoir engineer at ConocoPhillips, these tools are crucial for rapidly evaluating opportunities and responding to asset operators within the required decision-making window, typically 30 days.

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Partisan Divide and Consumer Dissatisfaction Threaten Clean Energy Progress in the U.S.

Author: phinds Category: Oil & Gas News

The McKinsey & Co. survey, alongside the Pew Research Center’s findings, illustrates a complex and challenging landscape for the future of renewable energy and electric vehicles (EVs) in the U.S. The significant partisan divide, declining support for renewable energy sources, and the unexpected dissatisfaction among EV owners all contribute to uncertainty in the progress of clean energy initiatives.

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SM Energy Company to acquire Uinta Basin assets owned XCL Resources, LLC

Author: phinds Category: Oil & Gas News

M Energy Company (the “Company” or “SM Energy”) (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC (“XCL”), a private company backed by EnCap Investments L.P. (“EnCap”) and Rice Investment Group (“Rice”), for an unadjusted purchase price of $2.55 billion.

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