Matthew Veazey

Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…

A buffer against higher natural gas prices that has traditionally been available to U.S. electric utilities, gas-to-coal switching, has become less tangible as more coal-fired power plants are retired and supply chain challenges linger, according to analysts. “I do not think utilities have any options, other than to burn dry gas in their” combined cycle…

Natural gas and oil production taxes generated more than $1 billion for the Lone Star State in September, the Texas Comptroller of Public Accounts reported. The Texas Comptroller’s office said the natural gas production tax garnered $480 million last month, representing a 91% year/year increase. The state collected $552 million from its oil production tax…

Cal Microturbine, a Capstone Green Energy Corp. distributor, has won an order to install a 1.6 MW natural gas microturbine at a Southern California oil production site, Capstone reported Wednesday. “Every industry has its own specialized power requirements,” said Capstone Green Energy CEO Darren Jamison. “For energy producers, much of the available oil and gas…

A buffer against higher natural gas prices that has traditionally been available to U.S. electric utilities, gas-to-coal switching, has become less tangible as more coal-fired power plants are retired and supply chain challenges linger, according to analysts. “I do not think utilities have any options, other than to burn dry gas in their” combined cycle…

Northern Oil and Gas Inc. (NOG) has agreed to acquire stakes in Permian Basin properties spanning about 2,800 acres in New Mexico and Texas from Alpha Energy Partners for $157.5 million. NOG reported that Mewbourne Oil Co. is the primary operator of the assets, which span about 2,800 acres in the Permian’s Delaware sub-basin in…

Private equity (PE) firm Grey Rock Investment Partners has agreed to invest in Rebellion Energy Solutions, a Tulsa-based specialist in decommissioning legacy oil and gas wells. “Grey Rock believes there is an underserved market of opportunities in the oil and gas well remediation space to offer near term solutions for positive environmental impacts,” said Grey…

Permian Basin oil and natural gas operators and oilfield services companies curious about fleet electrification can try out fully electric pickup trucks under a pilot program launched by Merge Electric Fleet Solutions. “It’s not realistic to replace 100% of the trucks in a corporate fleet immediately, especially in a geographic area as big as the…

Talos Energy Inc. plans to acquire privately held deepwater Gulf of Mexico (GOM) operator EnVen Energy Corp. in a $1.1 billion deal, the Houston-based independent said. The acquisition, slated to close by the end of the year would expand the company’s production by 40% and gross acreage by 35%. The buy would give Talos another…