Exciting News from SM Energy Company and Schaper Energy Consulting is here with the scoop! SM Energy Company (NYSE: SM) has announced a game-changing $2.0 billion acquisition of Uinta Basin oil and gas assets from XCL Resources, LLC, backed by EnCap Investments L.P. and Rice Investment Group. This strategic move enhances SM Energy's position in the market and drives significant growth potential. Key Highlights: Acquisition Details: SM Energy will acquire 80% of the XCL assets for $2.04 billion, expanding its footprint with approximately 37,200 net acres and significant oil production capacity. Growth Potential: Post-acquisition, SM Energy's 2025E net production is expected to rise to approximately 195 MBoed, with oil comprising over 50% of the commodity mix. The acquisition is set to increase SM Energy's proven reserves by about 18%. Why It Matters: Financial Strength: SM Energy plans to finance the acquisition through a combination of debt and cash reserves, ensuring operational flexibility and maintaining a strong balance sheet. Return to Shareholders: With an 11% increase in the fixed quarterly dividend and a new $500 million share repurchase program, SM Energy demonstrates its commitment to shareholder value. What do you think? Learn more about Schaper Energy Consulting and our engineering services at https://schaperintl.com/.
Schaper Energy Consulting’s Post
More Relevant Posts
-
Exciting news being followed by Schaper Energy Consulting! ExxonMobil has just completed its acquisition of Pioneer Natural Resources Company, marking a transformative moment in the energy industry! By more than doubling ExxonMobil's Permian footprint, this merger reshapes the landscape of upstream operations and underscores a commitment to innovation and sustainability. With over 1.4 million net acres in the Delaware and Midland basins, and an estimated 16 billion barrels of oil equivalent resource, the combined company is poised for unparalleled growth. ExxonMobil's Permian production volume is set to soar, with expectations to reach approximately 2 MOEBD by 2027. But it's not just about size; it's about synergy. By merging Pioneer's entrepreneurial culture and deep industry expertise with ExxonMobil's advanced technologies and financial strength, this collaboration promises double-digit returns and a much lower environmental impact. What's more, ExxonMobil is accelerating Pioneer's environmental goals, transitioning its 2050 net-zero plan to a more ambitious 2035 target. With industry-leading plans to achieve net-zero emissions by 2030, ExxonMobil is not just redefining the future of energy production but also setting a new standard for environmental stewardship. What do you think? Learn more about Schaper Energy Consulting and our engineering services at https://schaperintl.com/.
Home
https://schaperintl.com
To view or add a comment, sign in
-
Q1 results are out and showing double-digit comparable operating margin, strong order intake, and all-time high order book! Wärtsilä consolidating to two reporting segments Marine and Energy and becoming more profitable and focused. Energy business' highlights below: Energy business in Q1: 🔸 Comparable operating result increased, driven by services performance and improved profitability in the Engine Power Plant business 🔸 Energy's 12m rolling Order Intake continued at EUR 3 billion level 🔸 Wärtsilä leading EUR 200 million ecosystem building to develop autonomous zero-emission balancing solutions for the energy transition 🔸 Wärtsilä launched Quantum2, a fully integrated high-capacity battery energy storage system (BESS) optimised for global large-scale deployment 🔸 Wärtsilä awarded a major contract by the Lower Colorado River Authority (LCRA), providing wholesale power to the Texas power grid Energy market insights: 🔸 Increasing share of renewables, the primary driver behind our balancing and energy storage solutions' demand, advancing above forecasts 🔸 Energy transition sees another record year of investments in the deployment of clean technologies in 2023 🔸 Commodity pricing have stabilised, and global natural gas prices continued to decline towards pre-2021 levels Link in the comments to read more about flexible power systems and why Every Second Counts.
To view or add a comment, sign in
-
How Toshiba Secured a Game-Changing Tender with TendersOnTime Toshiba, a global leader in technology and innovation, was on a mission to expand its footprint in the renewable energy sector. The challenge? Finding a reliable and comprehensive source for high-value tender opportunities that aligned with its strategic goals. The breakthrough came when Toshiba partnered with TendersOnTime, a trusted platform for tender discovery and procurement solutions. Leveraging TendersOnTime's expertise and advanced features, Toshiba was able to: ✅ Discover High-Value Opportunities: TendersOnTime provided access to a database of global tenders, including an exclusive multi-million-dollar renewable energy project. ✅ Streamline Proposal Development: With insights into RFP requirements and a library of best practices, Toshiba crafted a compelling and tailored proposal. ✅ Stay Ahead of Deadlines: The platform's automated alerts ensured Toshiba met every submission date without fail. “TendersOnTime helped us identify and secure the right opportunities, providing us with the tools we needed to succeed in a competitive market. This tender win is a testament to the power of efficient tender management,” said a Toshiba representative. This story proves how businesses, both large and small, can leverage TendersOnTime to navigate the complex world of procurement and achieve remarkable results. Are you ready to take your business to the next level? Discover how TendersOnTime can unlock opportunities for you today! #TendersOnTime #TenderSuccess #ToshibaStory #RenewableEnergy #WinningTenders #RFP #GlobalProcurement #TenderManagement #BusinessGrowth #ETenders
To view or add a comment, sign in
-
"Energy And Power Industry Analysis - 2030 The Energy and Power market research sector focuses on analyzing trends, technologies, and policies shaping global energy production, distribution, and consumption. According to recent studies, renewable energy sources are expected to account for over 40% of global electricity generation by 2030, driven by declining costs and aggressive government targets. Investments in renewable infrastructure are projected to reach $1.3 trillion by 2025. Simultaneously, advancements in energy storage technologies like lithium-ion batteries could lead to a 15-20% annual growth rate. The market is also influenced by geopolitical shifts, with the Asia-Pacific region anticipated to hold nearly 50% of the global energy market share by 2028. Top Companies in Energy And Power Industry || EPS INNOVATION - ENERGY & POWER SOLUTIONS SRL || Openlink Energy: Coal, Crude and Refined, Natural Gas and LNG, Natural Gas Liquids, Power || Tri-Power Energy Services, LLC || Power Sun Energy || Natural Power and Energy || Power Sun Energy || Natural Power and Energy || Power Sun Energy - PSE || Louisiana Energy and Power Authority || So Power Energy || FPE: Fluid Power Energy || Kaydon Solar Power and Energy Solutions || Big Power Solar Energy || Ensmart Power Conversion & Energy Storage || Global Power Energy || Power Trip Energy Corp || Struthers Energy and Power Ltd || Tata Power Renewable Energy Limited || Higher Power Energy Resources #Energy #Power #innovation #management #digitalmarketing #technology #creativity #futurism #startups #marketing #entrepreneurship #money #sustainability #inspiration"
To view or add a comment, sign in
-
Energy-Storage.news That's an interesting development for G2 Energy under its new ownership by Mitie. Shifting into full Battery Energy Storage System (BESS) wrapped EPC services marks a strategic transition from its previous focus on grid connections and balance-of-plant (BOP) engineering services. It will be exciting to see how this move enhances its offerings and impacts the market under the leadership of CEO Kelvin Ruck.
UK firm G2 Energy is moving into full BESS wrapped EPC services under its new owner Mitie, having focused on a grid connections and balance-of-plant (BOP) engineering services prior to its predecessor company's bankruptcy last year, CEO Kelvin Ruck said. #energystorage
UK grid connection specialist G2 Energy moving into full wrapped BESS EPC services under Mitie ownership
https://www.energy-storage.news
To view or add a comment, sign in
-
Our Company has been highlighted by OGV Group in their latest article “Innovation and Technology in the Energy Industry”. “Energy companies are increasingly relying on technology and innovation to boost their bottom line and reduce emissions.” Read the full article ☑: https://bit.ly/3KpA6Ch #FutureMarketInsights #Technology #Energy #Industrialinnovation
Innovation and Technology in the Energy Industry
ogv.energy
To view or add a comment, sign in
-
*** Research report on eEnergy published this morning by James Tetley *** New £40m facility to drive growth in Energy Services eEnergy has announced (1st March) a new £40m project funding facility, which will support the Group’s public sector customers with their energy transition projects over coming years. It is an innovative arrangement, which will see eEnergy retain an interest in the economics of each completed project, enhancing margins and driving growth in Energy Services revenue. A brief year-end trading update indicated that trading in the 6-months to Dec ‘23 was impacted by balance sheet constraints (prior to the c.£30m disposal of the Energy Management division). This had already been signalled in January and we update our forecasts accordingly. The disposal of Energy Management leaves the Group in a strong net cash position and wholly focused on its high growth Energy Services business. Our confidence in growth prospects is strengthened by the new project funding facility. We therefore reiterate our Fair Value/ Share estimate of 13p, before factoring in potential contingent consideration from the Energy Management disposal, which could be material (£8m to £10m on management estimates). Link to report: https://lnkd.in/ep-5exud
To view or add a comment, sign in
-
🔋 Enphase Energy announces a restructuring plan, cutting #500jobs, or 17% of its global workforce, in response to the ongoing challenges in the solar market. The company will focus on cost-efficient regions and adjust its manufacturing footprint. As #solar demand slows due to factors like high interest rates and policy changes, Enphase Energy plans to streamline operations, with restructuring charges expected to range from $17 million to $20 million in Q4 2024. Read more: https://lnkd.in/gg6D-jGh #EnphaseEnergy #SolarIndustry #Restructuring #CleanEnergy #EnergyTransition #EnphaseEnergy
Enphase Energy to Lay Off 500 Employees in Response to Challenging Solar Market
energy-box.com
To view or add a comment, sign in
-
Exciting News from Matador Resources Company and Schaper Energy Consulting is here with the details! Matador Resources Company has just announced the acquisition of certain oil and natural gas properties in New Mexico and Texas from Ameredev II Parent, LLC. This strategic move is set to bolster Matador's position in the Delaware Basin and drive future growth. Key Highlights: Acquisition Details: Matador will acquire assets, including oil and natural gas properties and undeveloped acreage, for a cash payment of $1.905 billion. This includes an approximate 19% stake in Pion Midstream, LLC, enhancing Matador's midstream footprint. Growth Potential: Post-acquisition, Matador expects to have over 190,000 net acres in the Delaware Basin, with production of over 180,000 BOE per day and proved reserves of over 580 million BOE. The acquisition is expected to be accretive to key financial metrics. Sustainability Focus: Matador's balanced approach to growth ensures operational and financial flexibility while maintaining a strong balance sheet, with pro forma leverage expected to be approximately 1.3x at closing. Why It Matters: Strategic Expansion: This acquisition expands Matador's footprint in the Delaware Basin, positioning it as one of the top producers in the region. Financial Strength: The acquisition is funded through financing commitments, allowing Matador to maintain a strong balance sheet and leverage profile. Operational Efficiency: The acquisition includes high-quality assets with strong cash flow potential, enhancing Matador's overall operational efficiency and profitability. What do you think? Learn more about Schaper Energy Consulting and our engineering services at https://schaperintl.com/.
Home
https://schaperintl.com
To view or add a comment, sign in
280 followers