Posted on February 13, 2025
Anadarko Basin, Company Spotlight, Crude Oil, Eagle Ford, Mergers & Acquisitions, Mid-Continent

In what was described as a “surprise move” by Okla. City-based Devon Energy back in 2022, the company made a bolt-on acquisition that further expanded its Eagle Ford position with the purchase of Denver-based Validus Energy. The $1.8 billion deal included 42,000 net acres, 35 MBOED (70% oil), 350 repeatable drilling locations, and 150 refrac candidates. In an epic score, Validus pocketed double the price it paid for those assets just a year before. While it might’ve been a see-you-later-bye to South Texas, the company’s exit there hardly marked the end of Validus....

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Posted on January 16, 2025
Company Spotlight, Crude Oil, Natural Gas, Permian, San Juan Basin, Williston Basin

The San Juan Basin extends 7,500 square miles across northwest N.M., and southwest Colo. Natural gas was first discovered here in 1921. Now a spry age of 104, it remains one of the nation’s oldest producing areas with sedimentary rock dating back to mid-Paleozoic times and a collision of supercontinents. ...

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Posted on January 10, 2025
AI - Data Centers, Company Spotlight, Electrical Power, Geothermal Power, Hydropower, Mergers & Acquisitions, Natural Gas, Nuclear Power, Power Plants

Back in September, the nation’s largest producer of clean, emissions-free energy shared some mighty big news. After purchasing the Pa., Three Mile Island Unit 1 in 1999, then retiring operations there in 2019 due to poor economics, Baltimore-based Constellation Energy landed a whale of a deal with Microsoft that would resuscitate the nuclear reactor to generate carbon-free electricity to power Microsoft’s Northeastern data centers...

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