ConocoPhillips has been emphasizing operational efficiency and modest production growth in the Permian Basin as part of its broader strategy for the Lower 48 region in 2024.
What Conoco saying about the Permian basin?
Permian Basin Drilling Up 14% in Q1 2024
Comparing wells drilled Q1/2023 vs Q1/2024 in the Permian Basin we see a 14% increase in wells drilled.
DCP Midstream transfers 68.74 miles of gathering pipeline to Nile Midstream Crane County
Nile Midstream was approved for new pipeline permit (10563) by the Railroad Commission of Texas for the transfer of 68.74 miles of gathering pipeline from DCP Midstream (now a part of Phillips 66).
Kinetik Midstream Play Profiting in the Texas Delaware Basin
Kinetik Holdings Inc. (KNTK) is an energy midstream company that was formed in February 2022 when publicly traded Altus Midstream merged with privately held EagleClaw Midstream. This created the only pure-play midstream company operating in the Texas Delaware Basin.
Devon Energy invests in Fervo Energy geothermal technology
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.
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.