Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

All-in-Chevron-Invests-$3-Billion-in-Alternative-Fuels

With the purchase of Renewable Energy Group Inc. for $3.15 billion, Chevron makes its largest investment in alternative fuels.

In a statement on Feb. 28, the second-largest U.S. oil and gas company said it would pay $61.5 for each share of Renewable Energy, higher than its February 25 closing price by nearly 40%. In premarket trading, renewable energy shares rose more than 37% on the backdrop of this staunch.

This turn in investments highlights the shift in the world’s attitude toward climate change. Since oil companies contribute heavily to global emissions, governments and investors are increasingly urging them to reduce their carbon footprints and join the fight against emissions.

As state and federal subsidies to decarbonize fuels increase, U.S. refineries have likewise increased the production of renewable diesel.

In line with this, by 2050, Chevron aims to cut gas emissions to zero and in September committed to investing $10 billion to reduce its carbon emissions through 2028, with about $3 billion dedicated to renewable fuels.

In the biofuel industry, agricultural waste and traditional food crops are grown specifically for use as fuel. The feedstock for biodiesel and renewable diesel is similar, however renewable diesel goes through a separate refining process so that its chemical composition is the same as ultra-low-sulfur diesel.

At the moment, various markets are being explored by Chevron as potential sources for blending biodiesel into renewable diesel.

The executive vice president of downstream products and chemicals, Mark Nelson, believes that biodiesel is viewed by business people as a blendstock to achieve optimal margins since it is less expensive than renewable diesel.

As a result, the EIA estimates that renewable diesel capacity in the U.S. may grow more than fivefold by 2024, from a current capacity of 1 billion gallons to over 5 billion gallons.

It is intended that this deal will accelerate Chevron's goal of increasing the production of renewable fuels to 100,000 barrels/day by 2030, and it will provide additional feedstock supplies and pre-treatment facilities.

According to Reuters, Chevron is not likely to break out its renewables business' financials separately immediately. But the possibility of such an outcome will grow with each year. 

After the start-up of Renewable Energy Group's Geismar expansion plant in Louisiana, the transaction is expected to add earnings to Chevron in its first year and cash flow to its free cash flow. While the deal itself is expected to close in the second half of the year.

Guggenheim Securities advised Renewable Energy on the deal, while Goldman Sachs provided financial advice to Chevron.

And if you are interested in learning more about greenhouse gas emissions, and how various companies and initiatives try to combat them across the U.S., please contact our Houston sales office or SCHEDULE A DEMO to see our energy data for yourself.

Tel. +1 713-203-3128

Email: treitmeier@hartenergy.com

$1B Deal: Williams Buys Out Houston-based Midstream in Haynesville Basin

$data['article']['post_image_alt']

By purchasing the gathering and processing assets of Trace Midstream, Williams' existing footprint gains expanded capacity in one of the nation's largest growth basins, bringing its Haynesville gathering capacity to over 4 Bcf/d — increasing more than 200% from 1.8 Bcf/d. The deal also includes a long-term commitment from Trace and Quantum to support Williams' Louisiana Energy Gateway project (LEG), which is aimed to deliver responsibly sourced Haynesville’s naturalgas to markets along the Texas and Louisiana GulfCoast

Pine Wave Energy and Silver Hill Reached an Agreement Over Haynesville Assets — Deal is Sealed

$data['article']['post_image_alt']

Looks like Pine pulled the plug on its properties in Caddo Parish, Louisiana, and Harrison and Panola counties, Texas. Which includes a total of 12,500 acres and ownership interests in 10 operated wells with a production capacity of 100 million cubic feet per day along with 18 miles of naturalgas gathering pipelines. Did Pine just give up on Haynesville?

$data['article']['post_image_alt']

Permian Resources bolsters dominance in the Delaware Basin with strategic land acquisitions, expanding its portfolio by over 5,000 net leasehold acres and 3,000 royalty acres. In a stunning display of growth and strategic maneuvering, Permian Resources Corp., based in Midland, Texas, has made waves in the first quarter by securing a series of deals worth over $200 million in the highly sought-after Delaware Basin. This move solidifies their position as a player in the region.

$data['article']['post_image_alt']

The Williston Basin, which spans parts of North Dakota, Montana, Saskatchewan, and Manitoba, is a major oil-producing region in North America. In order to transport crude oil and natural gas from the wells to refineries and other destinations, a vast pipeline infrastructure has been built in the area. The pipeline infrastructure in the Williston Basin consists of a network of pipelines that connect production sites to processing facilities, storage tanks, and major pipeline hubs

$data['article']['post_image_alt']

Matador Resources Co. is making a big move in the oil and gas industry by acquiring Advance Energy Partners Holdings LLC, a major player in the northern Delaware Basin. The acquisition, which comes with a hefty price tag of at least $1.6 billion in cash, includes valuable assets in Lea County, N.M., and Ward County, Texas, as well as key midstream infrastructure.

2022 oil production 2023 3D Earth Science Analytics 3D Modeling Continental Resources 3D modeling 3D modeling CGG 3D modeling ESA 3D visualization 3D visualization CGG A&D A&D deals A&D sector A&Ds in the Gulf of Mexico ANR Pipelines Abraxas Petroleum Acquisition Acquisitions Admiral Permian Resources Advance Energy Advance Energy Partners Holdings LLC Aera Energy Aethon Energy Alaska Pipeline System Alberta Align Midstream LLC Alternative Fuels Ameredev II Anadarko Basin Analysis Analytics And Rockcliff Energy Antero Midstream Corp. Antitrust Appalachia to Market and Middlesex Extension project Appalachian Appalachian Basin Appalachian basin ArcLight Capital Partners ArcLight Capital Partners LLC Archaea Energy Inc. Arena Energy LLC Artesia Natural Gas Gathering and Processing System Asia Assets Acquisition Assets Revenue Assets Sale Assets Value Atlantic Coast Pipeline Aviation emissions BHP Billiton BOED BP BP Plc BPX Energy Baker Hughes Bakken Bakken Formation Bakken Shale Bakken shale Bankruptcy Bay du Nord Baytex Energy Berkshire Hathaway Biodiesel Bison Midstream Blackstone Energy Partners Blackstone Inc. Blockchain Bloomberg Brazos Valley BridgeTex Broom Creek Formation Buyout Firms CCS CGG CO2 reduction Cactus II Pipeline Canada Carbon Capture Carbon Footprints Carbon capture and storage Cardinal Midstream Partners Careers in O&G Carl Icahn Cenovus Centennial Resource Centennial Resource Development Centennial Resource Development Inc. Charlson Gathering System Cheniere Energy Cheniere Marketing Chesapeake Energy Chesapeake Energy Corp. Chesapeake Energy Corporation Chevron Chevron Corp. China Gas Holding LTD. Chord Energy Cibolo Energy Partners Clay basin Clean Energy Climate Change Coal Colgate Energy Colgate Energy Partners Colgate Energy Partners II LLC Colgate Energy Partners III Colonial Pipeline Colorado Comisión Federal de Electricidad Comstock Resources Concho Valley Solar ConocoPhillips ConocoPhillips Co. Continental Resources Continental Resources Inc. Corpus Christi Costa Azul Coterra Energy Inc. Cox Operating LLC Credit Suisse Group Crescent Energy Crescent Point Energy Corp. Crestwood Crestwood Equity Partners Crestwood Equity Partners LP Crestwood Permian Basin Holdings LLC Crowheart Energy Crude Oil Crude Prices Crude oil D-J Basin DCP DCP Midstream DJ Basin DUCs on the Rise Dakota Access Pipeline Data Debt Restructuration Decarbonization Technology Decarbonized Fuel Delaware Delaware Basin Delaware basin DelawareBasin Denver Denver-Julesburg Basin Devon Energy Diamondback Diamondback Energy Diamondback Energy Inc. Dividends Dominion Energy Dominion Energy Questar Pipeline Double E Pipeline DoublePoint Energy DowJones Downstream Market Driftwood Energy Operating LLC Driftwood Pipeline LLC Drilling Drilling Inventory E&P EIA EIEC EIG EP Energy ESG ESG performance ESG score ESGcriteria ESGinvestment ESGstandarts Eagle Ford Eagle Ford M&As Eagle Ford Shale Earth Science Analytics Earthstone Energy Inc. East Texas Eddy County El Paso Natural Gas Pipeline Elba Liquefaction Emissions EnCap EnCap Flatrock Midstream EnCap Investments EnVen Energy Corp. Enbridge Enbridge Energy Enbridge Inc Enbridge Pipeline Encap Flatrock Midstream Endeavor Gathering Energy Energy Assets Energy Crisis Energy Gas Energy Information Administration Energy Infrastructure Energy M&A deals 2022 Energy M&As Energy Prices Energy Production Energy Projects Energy Security Energy Transfer Energy Transfer LP Energy Transport Solutions Energy security Enerplus Ensign Natural Resources Enterprise Enterprise Product Operating LLC Enterprise Products Partners Environmental Protection Agency Epic Crude Pipeline Equinor Equinor Energy Ireland Equitrans Midstream Corp. Equity Investments Ethanol Conversion Europe Evolution Petroleum Exaro Energy III Exploration Export Exxon Mobil Exxon Mobil Corp. ExxonMobil FireBird Energy FireBird Energy LLC Flowing Gas Forecast Fort McMurray FortunaResources G&P GIS GIS NG data GIS U.S. GIS U.S. NG Data GIS U.S. NG data GIS U.S. data Gas Gas Extraction Gas Flaring Gas Holdings Gas Processing Plants Gas Production Gas Rates Gas processing Gathering Gathering and Processing Gathering and Transportation Network Gemini Carthage Glencore Global Emissions Goldman Sachs Goodrich Grand Prix NGL Pipeline Gray Oak Pipeline Great River Hydro LLC Great Western Petroleum Greater Green River Green River Basin Greenhouse Gas Emissions Gulf Coast Gulf Coast Pipeline System Gulf Oil Corporation Gulf Run Pipeline map Gulf of Mexico HartEnergy Harvest Midstream Haynesville Haynesville Basin Haynesville Shale Hess Hilcorp Energy Horizontal Well Humble Midstream Hydraulically Stimulated Resources Hydro-Québec Hydrocarbon Exploration Hydrocarbon Reservoirs Hydrogen IEA IKAV INEOS Energy IPO Import Inc. Infrastructure Ironwood Midstream JUSTCapital Joint Venture Jonah Field Jordan Cove KAPS KKR KKR&Co. Karnes Trough Kaybob Duvernay Key Access Pipeline System Key statistics Keyera Corp Keystone XL Pipeline Kinder Morgan Kinder Morgan Inc. Komipo America LEG project LNG LNG Delivery LNG Demand LNG Terminals LNG delivery LNG exports LNG plant LNG provider LNG-by-rail LP LaBarge Labrador Lake Charles Project Laredo Petroleum Lario Permian Lario Permian LLC Lea County Leasehold Properties Leucrotta Exploration Lime Rock Resources Line 3 Pipeline Line 3 project Liquefaction Plant Liquefied Natural Gas Liquefied natural gas Liquids and Natural Gas Pipelines LongHorn Lotus Midstream Louisiana Lucid Energy Group M&A M&As MLPs MPLX LP Magellan Magellan Midstream Partners Mainline Pipeline System Mancos Shale Marathon Marathon Oil Marathon Oil Corp. Marathon Oil Corporation Marathon Petroleum Marcellus Shale Marcellus region Mariner East Project Mariner east expansion Market Acquisition Of Vine Energy Inc. Mascot Project Matador Matador Resources Matador Resources Co Matagorda Medallion Midstream Services Medallion Pipeline Merge Merger Merit SI Methane Emissions Mewbourne Oil Co. Mexico MiQ Mica Midcoast Energy LLC Midcontinent Midland Midland Basin Midland-Petro D.C. Partners LLC MidlandBasin Midstream Midstream M&As Midstream NG gathering pipelines Midwest Momentum Midstream LLC Monopoly Mont Belvieu Montana Montney Shale Motiva Enterprises Mountain Valley MountainWest Pipeline Mountrail Gathering System NG Pipeline Maps NG U.S. midstream data NG data NG data U.S. NG gathering pipeline systems NG pipeline maps NG3 NGL NGL Energy Partners NGL export NGL logistics NGL pipelines NGL production NGLs NGO NGP NLG Natural Gas Natural Gas Assets Natural Gas Certification Natural Gas Equivalent Natural Gas Gathering Natural Gas Infrastructure Natural Gas Liquids Infrastructure Natural Gas Prices Natural Gas Production Natural Gas Products Natural gas pipelines Natural gas production Navitas Midstream Net Acres Net-zero Production New Fortress New Jersey New Mexico Newco Newfoundland Noble Energy Noble Midstream Partners LP Non-Operated Assets North Dakota North-East Northern Delaware Basin Northern Oil and Gas Northern Oil and Gas Inc. Nuevo Midstream O&G O&G Production O&G output records O&G production O&G production forecasting ONEOK ONEOK Bakken Oasis Midstream Partners Oasis Petroleum Oasis Petroleum Inc. Offshore Oil Oil & Gas Oil Equivalent Oil Prices Oil Sanctions Oil and Gas Oil and Gas Production Oil and Gas Properties Oil and Gas production Oil and Gas rigs Oil and gas production Oil companies Oil&Gas Omega Acquisition Inc. Onshore Ontario Teachers’ Pension Plan Operated Wells Orphan Basin Oryx Outrigger DJ Outrigger DJ midstream Ovintiv Oxy PAM PDC Energy PHMSA Pad Activity Monitor Paradigm Paradox Basin Paramount Resources Ltd. Pearl Energy Investments Pecos Oil & Gas Pecos Oil & Gas LLC Pecos River processing plant Pembina Pembina Pipeline Corp. Penn Virginia PennEast Pipeline PennEnergy Resources LLC Pennsylvania Percussion Petroleum Permian Permian Basin Permian Basin 2022 Permian Deep Rock Oil Co. Permian Producers Permian Resource Corp. Permian Resources Permian Resources Corp. Permian acreage sale Permian basin PermianBasin PermianResources Petro-Hunt Petrochemical production Petroleum Petroleum Production Phillips 66 Piceance Pickering Energy PickeringEnergy Pine Wave Energy Partners Pinnacle Midstream Pioneer Natural Resources Pipeline Pipeline Maps Pipeline and Hazardous Materials Safety Administration Pipelines Pipelines and Refineries Plains Plains All American Powder River Powder River Basin Power Generation Power Plant Fuel Power River basin Processing plants Production Production Forecast Propane PureWest Quantum Energy Partners Quantum Technology Questar Pipeline RNG RSG Ranger Oil Rattler Midstream Reagan county Red Trail Energy RedBird Capital Partners Reduction of Greenhouse Emissions Reeves County Renewable Renewable Diesel Renewable Energy Group Repsol Research Responsibly Sourced Gas Rextag Riley Exploration Riley Exploration Permian Inc. RimRock Ring Energy Inc. RiverBasin Riverstone Rockcliff Energy Rockies Express Pipeline Rocky Mountains Rocky mountain SAF SHLX SPA Sabine Pass LNG LP San Andres formation San Mateo SandRidge Schneider Digital Sempra Energy Sendero Midstream Sequestration Shale Shale Field Shale Formation Shale Gas Shale Industry Shale Oil Producer Shareholder Returns Shares Shell Shell Midstream Partners Shell Oil Company Shell Plc. Shell UAS Sierra Grande Silver Hill Energy Partners III Sinochem Group Sour crude South Carlsbad Natural Gas Gathering System South Haynesville Basin Southcross Energy Southeast Gateway Southern Access expansion Southern Lights Pipeline Southwest Gas Southwest Gas Holdings Southwestern Energy Spain Spraberry Formation Standard Oil of New Jersey Standing Rock Indian Reservation Steel Reef Infrastructure Corp. Sterling DJ Sterling DJ system Stock Market Stonepeak Partners LP Stonepeak Partners. Strategic Petroleum Reserve Strategic Resources Stronghold Energy Summit Midstream Summit Midstream Holdings Summit Midstream Partners Summit Midstream Partners LP Summit’s Lane System Sunrise Oil Sands TAPS TC Energy TC Energy Corp. TC PipeLines LP TG Natural Resources THQ Appalachia Tailwater Capital Takeaway Tallgrass Energy Talos Energy Inc. TalosEnergy Targa Resources Targa Resources Corp. Tesoro High Plains Pipeline Tesoro Logistics Texas Texon Oil and Land Company The Appalachian Basin The Denver-Julesburg Basin The Permian Basin Titus Oil & Gas Production LLC Tokyo Gas Co. Ltd. TokyoGas TotalEnergies Trace Midstream TransCanada Transport Permit Transportation Infrastructure Tres Palacios Tug Hill Operating U.S. U.S. Gulf Coast U.S. LNG exports U.S. NG data U.S. NG midstream data U.S. NG upstream U.S. NG upstream data U.S. crude exports U.S. crude oil data U.S. energy U.S. energy M&A U.S. energy data U.S. energy industry U.S. energy maps U.S. hydrogen production U.S. midstream data U.S. refineries U.S. shale gas assets U.S. upstream data US NG US gas US oil USgas USoil Uinta Uinta Basin Ukraine Upstream Upstream M&As Upstream companies Upton county Utah Van Hook Gathering System Vermilion Energy Vermont Business Magazine HQI US Holding LLC Vista Pacifico Vital Energy Inc. WCS WTI Waha Hub Wamsutter Field War Warburg Pincus Water Management Water management Webinar Webster Pipeline Well maps Wells West Texas Western Canada Select Western Canadian Sedimentary Basin White House Whiting Whiting Petroleum Wholesale WildFire Energy I LLC William Companies Williams Williston Williston Basin Willston basin Wolfcamp Formation Woodland Midstream II Wyoming XcL Midstream Zacks Consensus Zephyr Energy Acquisition Acquisitions Acreage Acreage maps Acreage sale Acreage sales Acreage valuation Analytics And Phillips 66 Partners And Rockcliff Energy Asset renewal Asset sale Assets merger Atural gas gathering Aviation Aviation fuel Barrel Bbl Bioenergy Bioethanol Carbon capture and storage Carbon capture storage (CCS) Carbon footprint Carbon-free Cash Crude Crude export terminals Crude exports to Europe Crude oil Crude oil and natural gas output Crude oil delivery Crude oil production Deal Divestitures Divestment Drilling activity Drilling permits Dry gas Ecology Efficiency Electrification Emission reduction Emissions Emissions reduction Energy Energy M&A Energy acquisitions Energy deals Energy infrastructure Energy maps Energy market Energy provider Energy services Energy supplies Energy transfer Environment Expansion Exploration Exploration & production Financial results Flaring gas Forecast Fuel Gas Gas prices Gas projects Gathering systems Geologic CO2 storage Green energy Greenhouse gas Greenhouse-gas emissions Growth Horizontal drilling Hydraulic fracturing (fracking) technology Hydrogen pipeline maps Industry Investment Liquefied natural gas Liquified natural gas Low emissions Low-carbon fuel Management Map of pipelines Master limited partnership Merger and acquisition Mergers Midstream Midstream footprint Midstream infrastructure Natural gas Natural gas gathering and processing Natural gas maps Natural gas pipelines Natural gas producer Natural gas production Offshore oil and gas Oil Oil & gas Oil and energy Oil and natural gas assets Oil market Oil output Oil prices Oil producers Oil rigs Onshore Partnership Petroleum Petroleum infrastructure Pipeline Pipeline maps Processing plants Produced water Rating Rebranding Refinery Renewable energy Renewable energy sources Renewable natural gas Simulation Smart contract Smart contracts Software Standards Stock Subsurface CO2 sequestration Subsurface characterization Surface Sustainability The James Lake System The Permian Basin Transaction Transactions Undrilled locations Upstream Upstream production Water management Well maps Well redevelopment Wells Wet gas Wind energy