Big production increases are also expected in other major plays, including Eagle Ford, Bakken, Appalachia and Haynesville, the agency said.
"Today’s announcement is just the first step of our integration into a stronger, more robust and ESG-focused service provider,” Courtney Brackin said of the company created from the merger between OMNI Environmental Solutions and Purity Oilfield Services.
Here’s a snapshot of recent energy deals including Devon Energy’s $1.8 billion cash acquisition of Eagle Ford Shale operator Validus Energy and a $555 million Permian Basin deal by Apache.
Through Williams marketing and delivery services, PennEnergy Resources is helping grow its Appalachia-based responsibly sourced natural gas.
Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.
Finding East Coast LNG opportunities is especially important for a producer like EQT because pipeline capacity in Appalachia, where EQT produces gas, was already near capacity and not expected to grow much in coming years.
Diversified Energy said it controls inflationary costs by owning the servicing companies and will retire 200 wells per year in Appalachia, far exceeding its government-mandated requirements.