The electric fracturing technology will be fueled by 100% natural gas via aero-derivative turbines rather than conventional fleets that rely on diesel engines.
API President Mike Sommers also urged the Biden administration and Congress to work with the oil and gas industry to implement policies that address the challenge of climate change.
The Illinois Commerce Commission needed to consider the public need for the proposed expansion to the Dakota Access pipeline, but the court said Jan. 12 the commission erroneously interpreted the public to mean the world, not the U.S.
“They will be an integral piece of our continued plans for growth in the Permian," Liberty Lift CEO Bobby Evans, CEO of Liberty Lift, said.
Seneca Resources Achieves EO100 Certification of Appalachia Shale Gas Production
The transaction with Desert Peak will mark the next chapter for Falcon Minerals, which formed in 2018 through an $800 million combination with Blackstone’s royalty business.
The Permian will account for vast majority of this year's projected boost in U.S. output of up to 900,000 barrels per day.
A sale by Exxon Mobil could value the Appalachian Basin assets at around $200 million based on current natural gas prices and existing production from the wells, a person familiar with the matter said.
Concurrent with the promotions, President Matthew V. Hairford and David E. Lancaster, executive vice president and CFO, both plan to retire and transition to new duties as special advisers to Matador’s board.