The total capital investment of the Project is over $150 million, and there will be up to 250 people employed at the site during the height of construction activity.
De Soto Royalty II retained RedOaks Energy Advisors for the sale of its mineral and royalty interests located in the Delaware and Midland basins within the Permian.
Renewable energy growth is estimated at an annual average rate of 11% between 2015 and 2035, with growth in wind and solar capacity up nine-fold from seven percent of total power supply today to nearly 40% by 2040, energy consultancy Wood Mackenzie estimates.
Retired CEO describes how the 1980s oil bust guided his thinking as he built a pipeline giant.
Discovery Natural Resources retained EnergyNet for the sale of Permian Basin assets in West Texas through multiple sealed-bid offerings.
Kinder Morgan Inc. has begun internal discussions about building a third natural gas pipeline in the Permian Basin as demand for gas takeaway capacity continues to surge, CEO Steven Kean told investors on April 17.
Marathon Oil retained EnergyNet for the sale of Anadarko and South Oklahoma Folded Belt basin properties through a sealed-bid offering.
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.