Sydney Berroteran

Schaper Energy Consulting is Covering Exciting News from Devon Energy! Devon Energy (NYSE: DVN) has just announced a monumental acquisition in the Williston Basin and an expansion of its share-repurchase authorization by 67%, reaching a total of $5 billion. This strategic move solidifies Devon's position as a top player in the energy sector and promises significant benefits for its shareholders. Key Highlights: Strategic Acquisition: Devon Energy is acquiring the Williston Basin business of Grayson Mill Energy for $5 billion. The deal includes $3.25 billion in cash and $1.75 billion in stock, with an effective date of June 1, 2024. This acquisition enhances Devon's oil production and operating scale, adding 307,000 net acres and increasing oil production to an average of 375,000 barrels per day. Financial Impact: The transaction is immediately accretive to Devon's key financial metrics, including earnings, cash flow, and net asset value. The assets were acquired at less than 4-times EBITDAX, with an estimated free cash flow yield of 15% at an $80 WTI oil price. Devon’s board has also expanded its share-repurchase authorization by 67% to $5 billion through mid-2026. Operational Benefits: The acquisition brings significant operational advantages, including a high-margin production mix and midstream infrastructure ownership, generating over $125 million of EBITDAX annually. Devon expects to realize up to $50 million in annual cash flow savings from operating efficiencies and marketing synergies. Shareholder Value: The accretive nature of this acquisition to free cash flow means increased returns for shareholders. Devon anticipates an improved dividend payout in 2025 and beyond, maintaining a strong financial position with a projected net debt-to-EBITDAX ratio of approximately 1.0 times upon closing. Midstream Assets: The acquired business includes 950 miles of gathering systems, disposal wells, and crude storage terminals, providing marketing optionality and access to multiple end-use markets. This infrastructure enhances Devon's operating margins and supports long-term growth. What do you think? Learn more about Schaper Energy Consulting and our engineering services at https://schaperintl.com/.

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Blanco Center Director Dr. Stephen Barnes quoted in Environment+Energy Leader: “Wind offers an exciting opportunity for developing new energy resources in the Gulf of Mexico. The robust offshore workforce, shallower waters, and established marine industry provide valuable support for developing Gulf of Mexico wind projects.” Read the article that highlights both Louisiana’s existing geographical and infrastructural advantages for offshore wind energy development and the economic and environmental benefits of transitioning to offshore wind: https://lnkd.in/eMrumN7d  

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Highlighting Our Impact on American Energy Independence   Trio Petroleum Corp (NYSE: TPET) continues to play a crucial role in enhancing America's energy self-reliance. Hear from our President, Frank Ingresselli, about the ongoing successes and the strategic importance of our South Salinas project in Monterey County, California.   Key Insights:   Our commitment to reducing reliance on foreign oil imports is more relevant than ever. The project is poised to significantly impact the U.S. energy market and investor prospects. With advanced technology and stringent environmental protocols, we are setting standards in sustainable energy production.   Learn about our enduring efforts to strengthen both national energy security and local economies.   Watch the full clip here : https://lnkd.in/eMgrgQg3   #TrioPetroleum #EnergyIndependence #OilAndGas #SustainableEnergy #NYSE #TPET  

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Limited Time Offer! Celebrate American Energy's Independence with us and get 17.76% off any Hart Energy subscription plan! 🎆🇺🇸 With a Hart Energy subscription, you'll gain access to: • Daily coverage of upstream and midstream coverage • Exclusive interviews and videos featuring industry experts and executives. • Comprehensive coverage of energy deals and transactions. • Informative webinars, podcasts, and white papers on emerging trends and technologies. • Specialized data and information to support your business decisions. Limited only save on your subscription! https://lnkd.in/g85qBU9m #energynews #oilandgasnews

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#ICYMI: Earlier this month, John Pope, CGC's President and CEO, presented at the Wyoming Energy Authority's Next Frontier Energy Summit! John presented an "Ignite Session" entitled, "Coal-Assisted CO2 Capture & Sequestration," which outlines CGC's unique #carboncapture and storage (#CCS) process of sequestering #carbondioxide into #coal seams. During the presentation, John spoke about how this process has many benefits, including #economic impact. By letting coal assist in #CCS, we can dramatically drop the cost of #CCS. In fact, natural coal filtering significantly reduces the cost of #CCS for 80% of #industrial sources. Additionally, John noted how there's currently around $100 billion of methane sitting in the ground between the Powder and Green River Basins in Wyoming, representing $20 billion in taxes and royalties from Wyoming. CGC's process can help that, and can also help use that gas to power our processes. You can watch John's remarks from the Summit at the link below from 48:22-54:12:

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New Fortress Energy: Q1 Earnings Snapshot Summary: New Fortress Energy, the leading global energy infrastructure company, recently released its Q1 earnings report, highlighting impressive financial performance and strategic growth. As a forward-thinking investor, leveraging your Health Savings Account (HSA) to invest in companies like New Fortress Energy can bring both financial returns and positive impact in the healthcare sector. In Q1, New Fortress Energy reported strong revenue growth, driven by increased demand for clean and sustainable energy solutions. With a focus on developing and operating integrated infrastructure projects, the company is at the forefront of the transition towards cleaner energy alternatives. Their commitment to innovation and sustainability has positioned New Fortress Energy as an industry leader in liquefied natural gas (LNG), helping reduce carbon emissions and improving air quality. The company's strategic partnerships and diversified business model have contributed to their continued success and expansion into new markets. Investing with an HSA not only provides potential financial gains but also aligns with your values of promoting health, wellness, and a sustainable future. By investing in companies like New Fortress Energy, you can actively contribute to the betterment of our environment and the well-being of future generations. Don't miss out on the opportunity to grow your HSA while supporting the advancement of clean energy solutions. Take action today and explore the potential of investing in New Fortress Energy to secure a healthier and brighter future. #hsa #investing #healthcare #health #family #wellness 💰🏥🌿💚✨🚀

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The North American Energy Markets Association is posting this RFP on behalf of our member WPPI Energy. WPPI Energy (“WPPI”) has a need for additional resources as a result of expiring power purchase agreements. WPPI invites proposals for long term power supply resources – energy supply with or without capacity. WPPI’s primary interest is for carbon free energy with delivery beginning as early as June 1, 2027 or as late as June 1, 2031 and continuing at least seven years. By 2031, WPPI is seeking 1,250,000 MWh annually. WPPI prefers delivery in MISO Local Resource Zone (LRZ) 2, 4, or the portion of LRZ 1 located within Wisconsin. WPPI will also consider variations to our primary interest, including resources that emit some carbon or are located anywhere within MISO LRZs 1-7 or the MISO PJM External Resource Zone. Responses to this RFP are due by close of business (5:00 p.m. CDT) on Friday, August 2, 2024. Please indicate your intent to submit a proposal by email to Andy Kellen (akellen@wppienergy.org ) by 5:00 p.m. on Friday, July 5, 2024. About WPPI: WPPI is a municipal joint action agency serving 51 customer-owned electric utilities in Wisconsin, Michigan, and Iowa. These utilities purchase their electrical requirements from WPPI and supply power to more than 200,000 homes and businesses. WPPI’s peak demand is approximately 1,050 MW and annual energy requirement about 5.2 million MWh. WPPI has a diverse portfolio of power supply resources, including thermal generation owned by WPPI and its members and unit and system power purchased from other parties. WPPI’s renewable resource portfolio includes power purchase agreements (PPAs) totaling approximately 295 MW of wind, 100 MW of solar and 5 MW of hydroelectric and biogas generation. WPPI is exempt from income taxes. For more general information about WPPI, please visit us online at www.wppienergy.org. Thank you for considering this opportunity. Visit here for more information: https://lnkd.in/ezVSQVqn WPPI Energy North American Energy Markets Association

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🚨 #EnergyInfrastructureReformUpdate Senators Joe Manchin (D-WV) and John Barrasso (R-WY) are crafting bipartisan legislation to reform the permitting process for energy infrastructure. This initiative aims to: ⚡ Expedite renewable energy projects and pipelines 💡 Meet growing power demands from sectors like data centers and manufacturing 🔌 Enhance grid reliability and transmission capacity It’s great to see collaboration across party lines to build a solution that works for all! 🔗Learn more: https://lnkd.in/gMRRN5j4  #BipartisanBill #RenewableEnergy #Infrastructure #GridReliability

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The heat is already on for Texas with ERCOT under a "Weather Watch" for Wednesday as temperatures soar. Texas is heavily reliant on renewable energy sources, putting them under great influence of the daily weather. Today featured unseasonably warm temperatures, alongside a lack of wind at hub heights for the afternoon hours, reducing energy output from wind farms. While solar energy is able to assist, we still anticipate higher ERCOT energy pricing throughout the day as a result of decreased supply and increased demand. Check out this snapshot of our Point Forecast data, deliverable via API. Read more about ERCOT's Weather Watch from our radar data partners at ABC 13 in Houston: https://hubs.la/Q02wzySQ0 #RenewableEnergy #WeatherData #Forecasting

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ScottMadden manager Paul Quinlan recently wrote an article for Energy Central on the value and flexibility of virtual power plants, including insights from an ongoing recovery and modernization project in Puerto Rico in the wake of Hurricanes Irma and Maria. Read the article below, and share your thoughts! https://lnkd.in/eyW3U4fA #distributedenergyresources #VPPs #demandresponse

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This week, Devon Energy announced it has entered into a $5B deal to acquire Grayson Mill Energy’s Williston basin business. While it’s difficult to predict corporate consolidation, we believe public companies in the energy sector will continue to buy private assets and that some public companies will continue to streamline their operations by selling non-core assets. Read more about the deal in The Wall Street Journal: https://on.wsj.com/4eXEqGX #Energy #M&A #Oil #NaturalGas

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New Energy Adoption is here. Building a well informed energy transition strategy isn't so overwhelming with our newest e-book, "Ways to Play | Energy Transition Opportunities for Operators." You'll learn how to: ✅ Create an energy transition strategy that appeases stakeholders ✅ Navigate financial challenges and rising compliance costs ✅ Identify opportunities and new business ventures ✅ Proactively manage risk in the face of evolving policies Create a strategy that drives your business into the future and download our e-book today. https://lnkd.in/eRGFZJBD

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Powering Up Wyoming was thrilled to participate in the third annual Wyoming Energy Authority Energy Summit, featuring speakers and panelists from every energy sector across Wyoming, showcasing the powerhouse of energy production and innovation the Equality State is and how the state can support future projects and remain competitive across all areas. During the Energy Summit, PUW led a panel discussion titled “Working Together, Renewables in Wyoming,” with panelists Ryan Fitzpatrick from NextEra Energy, Rawlins Mayor Terry Weickum, and David Fuller from Power Company of Wyoming. Panelists highlighted the billions of dollars of investment in renewable projects and hundreds of millions of dollars of tax revenue going directly to the state and local communities. Mayor Terry Weickum discussed how, without these taxes, Carbon County towns would not have been able to purchase critical needs such as ambulances and police vehicles. Competition with surrounding states was a discussion point. David Fuller emphasized how, when competing with our neighboring states, we are usually “pennies apart” from securing future projects whose investment and taxes provide critical revenue to our towns and counties. During this legislative interim, there will be discussions on generation tax and other renewable energy related policies. As Wyoming leaders continue to discuss this issue, we must recognize that remaining competitive is essential to keeping and attracting businesses to our state. Businesses and industries need certainty; we cannot afford to lose major investments and revenue to our neighboring states. To see the discussion at the WEA Energy Summit, our panel begins at timestamp 2:22:35. https://lnkd.in/g4jeT4SE

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Want to know just how power markets in Texas work? Maybe you're new to the industry, looking at opportunities in new markets, or just curious... The Energy Academy: ERCOT - hosted by Modo Energy's ERCOT Market Lead, Brandt Vermillion - has you covered. Across ten episodes (and just 30 minutes), you'll learn about: - ERCOT's responsibilities as the system operator. - The operational timelines of its markets. - How locational prices are formed. - Why price spikes occur. - And loads, loads more... Learning about power markets is hard. The information you need is often impossible to find, difficult to understand, and just plain dull. So, if you want an easy "in" to the electricity system in Texas, check out The Energy Academy - link here: https://lnkd.in/ezUJ9XDm #TheEnergyAcademy #ERCOT #PowerMarkets #BatteryEnergyStorage

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SPE Diversity and Inclusion Committee 🌟 Call for Nominations: TWA Energy Influencers 2024! 🌟 🔍 Are you or someone you know a young professional (YP) under 35 in the oil and gas industry, making waves with excellence, integrity, and innovation? It's time to shine a spotlight on those driving positive change! 🚀 About the Initiative: The TWA Editorial Board is on the hunt for outstanding YPs whose work is shaping the future of our industry. Through the "TWA Energy Influencers" program, we aim to recognize and celebrate the contributions of YPs in various aspects of the oil and gas sector. 🌟 Who Are We Searching For? YPs who exhibit excellence, integrity, innovation, social responsibility, sustainability, and a passion for safety. Know someone deserving? Nominate them today! 📝 Nomination Process: It's easy! Identify exceptional YPs and complete a simple 3-part nomination form. Nominate colleagues, friends, clients, or employees whose impactful work deserves recognition. 🎉 Selection Process: Our Editorial Board will carefully assess submissions and select a final list of nominees. The chosen individuals will be featured on the TWA website as "TWA Energy Influencers 2024," showcasing their remarkable achievements and contributions. 🌐 Why Nominate? By sharing success stories, we amplify the voices of YPs, inspire others, and highlight the positive impact our industry has on society and the environment. 🙌 Get Involved: Your nominations make a difference! Join us in honoring the remarkable achievements of YPs in the oil and gas industry. Click the link below to submit your nominations and be a part of this exciting initiative! https://lnkd.in/g6Hjyjkb Let's celebrate excellence and drive positive change together! 🌟 #TWAEnergyInfluencers #SPE #SPEDiverityandinclusion #DiversityandInclusion #SPEDIintenaloutreach #Diversityandinclusion #spe #wearespe

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📰 From the Vault: A BithEnergy #transformationtuesday clip featuring our president, Robert L. Wallace and his vision of creating an organization to bring the 'Professional Services Model to the Energy Sector'. Check out the full clip below! 👇 https://lnkd.in/dhxbbRiT #smartenergy #renewableenergy #energymanagement #workforcedevelopment

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🌐 EnerGeo Alliance Takes the Stand to Advocate for America's Energy Future Today, Nikki Martin, President and CEO of EnerGeo Alliance, provided key testimony before the U.S. House Subcommittee on Energy and Mineral Resources. The focus was clear: the essential role of energy geoscience in securing America’s offshore energy future and supporting global energy demands. She emphasized the critical need for modernizing policies such as the Outer Continental Shelf Lands Act and the Marine Mammal Protection Act. These changes are crucial to facilitate efficient geoscience surveys and enable effective carbon capture and storage, particularly in the Gulf of Mexico. Under her leadership, EnerGeo is pushing for streamlined regulatory frameworks that promote quick, reliable permitting decisions, essential for timely data acquisition and investment attraction. This advocacy highlights the undeniable role of geoscience in the energy industry—vital for the development of both traditional and low-carbon energy resources. “As nations develop and implement their energy evolution goals to make reliable, affordable energy available to their citizens and meet any Net Zero Emissions (NZE) policy ambitions, it is essential to understand that those goals cannot and will not be realized without the critical data and technology the geoscience industry provides…Meeting growing demand for energy that is more accessible, affordable, reliable, and cleaner will require greater collaboration and geoscience-driven energy policies.” As EnerGeo continues to lead the charge in transforming energy policies, Nikki Martin’s testimony today reaffirms the alliance’s commitment to fostering a sustainable and prosperous energy future. Access the media release here. 🔗https://lnkd.in/gDSVG8VA #EnergyGeoscience #OffshoreEnergy #SustainableEnergy #EnerGeoAlliance #EnergyPolicy #CarbonCapture #USCongress

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In 2022, coal was responsible for 60% of the U.S. power-sector’s carbon emissions, yet only provided 20% of our nation’s power. By replacing coal with clean, affordable, and reliable #NaturalGas, we can cut emissions in half! Learn more about how embracing the partnership between natural gas and renewables can lead us on a pathway to reducing our global emissions faster: https://lnkd.in/eu8V7JAj

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#ICYMI We’re putting the spotlight on some of our permitting wins mentioned in the White House’s recent fact sheet! Follow along as we highlight projects that are delivering on their promises thanks to a successful permitting process. First up, SunZia Southwest Transmission, a 550 mile transmission line project transporting renewable energy to residents in the southwest. The project will support modernizing renewable energy infrastructure, potentially lowering energy costs for consumers in AZ, NM, & CA.  https://lnkd.in/eZrqMeNh

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