Creditors filed an involuntary Chapter 7 against Atlas Operating, LLC. Looks like drilling contractor creditors filed it. Atlas is one of the worst run companies we have had to deal with. [1] 2024.08.23 Involuntary Petition Against a Non-indivdual .pdf (989.0 KB)
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The Matterhorn pipeline is going into service this month to help alleviate the takeaway capacity problems from the Waha hub in the Permian. Gas prices have been brutal, averaging -.50 cents per mcf (that is NEGATIVE 50 cents) for the last two months. The additional capacity is supposed to eliminate negative prices for a while.
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Hart Energy is being acquired by Crain out of Detroit. Pretty big news in the energy publishing world. Hart sponsors several of the major energy conferences.
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Report of a Permian direct lithium extraction operation up and running. Press release is from a penny stock company, so take it with a grain of salt (pun intended).