Volt Lithium has begun testing a new field unit in the Permian Basin capable of processing over 200,000 liters of oilfield brine daily, doubling their previous capacity. This unit will produce battery-grade lithium using their proprietary direct lithium extraction (DLE) technology, which has demonstrated 90% lithium recovery. The company plans to start commercial production at their Rainbow Lake project in Alberta next year.
A major highlight of bpx energy’s modernization efforts is its investment in electrical infrastructure. By the end of 2023, the company had electrified 95% of its Permian wells, shifting away from diesel and natural gas-powered operations to electricity.
The US drilling rig count Decreased by one unit to 585 as of August 23, 2024.
In a recent research note, Zacks Research has revised its earnings per share (EPS) estimate for Diamondback Energy, Inc. (NASDAQ: FANG) for Q3 2024, raising it from $4.10 to $4.14. This adjustment comes as the company continues to demonstrate strong financial performance, with solid returns and increased revenue growth, reinforcing investor confidence in its future prospects.
Devon Energy has unveiled a highly successful redevelopment strategy in the Eagle Ford, marking a significant step forward in maximizing resource recovery from previously developed areas.
Ovintiv is considering significant strategic shifts with the potential sale of its Uinta Basin operations.
This document provides a detailed overview of the recent ownership changes, highlighting the previous and new owners, as well as the specific regions and counties involved.
Driven by significant gains in well productivity, advancements in drilling and completion technologies, and the development of critical pipeline infrastructure, the Permian region is expected to play a pivotal role in boosting national output.
On Aug. 19, Reuters reported that APA Corporation is considering selling its oil and gas drilling properties in the Permian basin, for roughly $1 billion. These assets are owned by APA’s subsidiary, Apache.
Canadian Natural Resources Limited (CNRL) holds a significant portfolio of thermal in situ oil sands assets in Canada, strategically located in the Athabasca and Cold Lake deposits.
