According to several sources, the U.S. House of Representatives plans to vote on the American Clean Energy & Security Act this week. Key provisions of the bill encompass a reduction in greenhouse gases by 17% from 2005 levels within the next decade (to 2020). The bill also calls for a 15% nationwide renewable electricity standard by 2020. Representative Waxman, the bill’s author, has been forced to make some last minute concessions to farm state Democrats to allow a vote on the bill. If passed on Friday, the U.S. Senate would then take up consideration of the bill. The Obama Administration has announced that it would prefer to have a bill passed and signed into law before the next major UN climate conference in Copenhagen in December 2009, according to the Simmons Morning Report for June 24.
Permian, East Texas E&P Legacy Reserves Rebrands as Revenir Energy
2023-03-03 - Revenir operates and develops oil and gas assets in the Permian Basin of West Texas and Shelby County region of East Texas.
Chevron Reiterates Permian’s 2025 Growth Target Despite Delaware ‘Falling Short’
2023-03-01 - Chevron chairman and CEO Mike Wirth said that the company hopes to reach 1 MMboe/d of production in the Permian Basin by 2025 before plateauing at approximately 1.2 MMboe/d.
There and Back Again: Rick Muncrief and Devon Energy’s Permian Journey
2023-01-03 - President and CEO Rick Muncrief details Devon's course since its merger with WPX Energy; its deals in the Eagle Ford and Bakken; and the almighty dividend.
Diamondback Doubles Asset Sales Target to $1B, Reveals More Midland M&A
2023-02-24 - The Permian pure play is selling off midstream assets and upstream leasehold that can’t compete for capital in the company’s portfolio, Diamondback Chairman and CEO Travis Stice told investors.
Rockies-Focused Bison IV Wins $500MM in Backing From Quantum
2023-02-27 - Houston-based private equity firm Quantum Energy Partners is backing Bison Oil & Gas IV to acquire and develop oil and gas assets in Colorado and Wyoming.