MARA, formerly known as Marathon Digital Holdings, has announced an innovative new project in collaboration with NGON. The two companies are launching a 25MW micro data center operation at oil wellheads across Texas and North Dakota, scheduled to become operational by January 2025. This project aims to reduce methane emissions by using excess natural gas from oilfield operations to generate electricity, instead of flaring the gas.
DeLa Express LLC, a subsidiary of Moss Lake Partners, awarded a front-end engineering design (FEED) contract to Wood for a 645-mile natural gas pipeline transporting 2 BCFD from Winkler County, Texas, to Calcasieu Parish, Louisiana.
Texas continues to play a dominant role in the oil and gas sector, seeing the largest weekly increase of any U.S. state. This growth reflects ongoing exploration and production efforts across the Permian and Eagle Ford regions, underscoring Texas’s importance in maintaining U.S. energy output.
WhiteWater Midstream is a private midstream company that focuses on natural gas transportation and infrastructure was approved by the Railroad Commission of Texas (RRC) for the construction of the Bay Runner Pipeline. The Operator of the pipeline will be Whistler Pipeline WhiteWater Midstream is a private midstream company that focuses on natural gas transportation and infrastructure was approved by the Railroad Commission of Texas (RRC) for the construction of the Bay Runner Pipeline. The Operator of the pipeline will be Whistler Pipeline. RRC Permit #T10648.
Double Eagle Oil & Gas is heavily focused on expanding operations in Block 40T5S, with significant drilling and licensing activity, supported by rigs from Latshaw and Precision Drilling. After a dip in licensing in mid-2024, the company has rebounded, signaling continued growth in production. Looking ahead, Double Eagle’s strategic focus on high-potential blocks and efficient rig deployment positions them for sustained success in Upton County.
A saltwater geyser near Toyah, Texas, and wildfires in North Dakota have highlighted environmental risks in oil production, prompting emergency responses and operational shutdowns. The growing challenge of managing produced water in the Permian Basin underscores the need for sustainable solutions like recycling, while seismic concerns have led to restrictions on injection wells. Despite positive earnings, Diamondback Energy faces a negative growth outlook, while Apache Corporation continues its environmental efforts through large-scale tree donations.
Double Eagle IV has been a leading operator in Reagan County, with significant well development activity throughout 2023 and early 2024, particularly using rigs like Precision 550 and Latshaw 9. Although operations peaked in Q3 2023, there was a resurgence of activity in March 2024 with 28 new records, focusing on wells nearing completion. The company remains committed to regulatory compliance, especially with gas flaring, and continues to progress toward full operational capacity for many of its wells.
As the 2024 U.S. presidential race heats up, the oil and gas industry has thrown significant financial weight behind Donald Trump’s campaign. Leading figures such as Kelcy Warren (Energy Transfer), Harold Hamm (Continental Resources), and Jeff Hildebrand (Hilcorp Energy) have become key financial backers, drawn by Trump’s pro-energy stance and…
The latest Baker Hughes rig count report has revealed a minor decline in the number of active oil and gas rigs across the U.S., a signal that the energy industry is continuing to navigate through fluctuating market conditions and shifting priorities.
In a significant move, Chevron Corp. has announced the sale of its stakes in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd. for a total of $6.5 billion.
