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Sledge added: “We are in discussions Brigham Minerals cleaner, affordable, and reliable energy.
with several customers regarding multi-year As a Halliburton Labs participant, AW-
projects that will use these electric fleets announces core Midland Energy, RedShift Energy, and Renkube
starting as early as the third quarter of 2023. will receive access to a broad range of
With these more efficient fleets, we will help Basin acquisition industrial capabilities, technical expertise,
advance our customers’ efforts to reduce and mentorships to scale their respective
costs and greenhouse gas emissions, while Brigham Minerals today announced it has businesses.
enhancing our company’s competitiveness entered into a definitive purchase and sale “Halliburton Labs is excited to welcome
and free cash flow profile. We are also excited agreement to acquire certain mineral and AW-Energy, RedShift, and Renkube to
to bolster our services and capabilities for the royalty interests in the Midland Basin from our clean energy accelerator,” said Dale
benefit of our customers while equipping our royalty funds managed by Avant Natural Winger, managing director of Halliburton
ProPetro teammates with the best tools to Resources and its affiliates for approximately Labs. “These new companies reflect our
drive sustainable value creation through the $132.5mn in cash subject to certain closing view that numerous innovations at scale
ongoing multi-year upcycle.” adjustments. are important in the evolution of energy
David Schorlemer, chief financial officer, BRIGHAM MINERALS, August 22, 2022 systems. We are intrigued by the learning
commented: “This agreement is another and possibilities represented by the breadth
important step in our strategic plan of of market applications and geographies with
transitioning to emissions-friendly services ENERGY TRANSITION participants based in Finland, India, and the
using capital efficient financing terms. Further, United States. We are eager to collaborate
we are pleased that this long-term lease ClearSign Technologies with these companies to help them achieve
agreement includes an option to purchase their strategic, operational, and financial
each fleet at the end of its respective lease announces enclosed milestones.”
term. As we look ahead to fiscal year 2023 AW-Energy harnesses the potential of
where we will couple these next generation oxidiser sale to Canada- ocean waves with its WaveRoller® technology.
assets with our first-class services, we expect WaveRoller is an oscillating wave surge
significant free cash flow supported by a based hydrogen technology converter designed to convert kinetic energy
decreased capital expenditure plan and at least from waves into electricity. AW-Energy aims
nine natural gas burning lower-emissions production company to produce reliable, predictable electricity
fleets operating in the second half of next when it is most needed and can provide the
year.” ClearSign Technologies, an emerging most value. “With the technology already
PROPETRO HOLDING, August 22, 2022 leader in industrial combustion and sensing certified and deployed at commercial scale,
technologies that improve energy, operational we are excited to access Halliburton’s global
efficiency and safety while dramatically network and engineering expertise to develop
MOVES reducing emissions, today announces the our first series of wave farms,” said AW-
sale of a ClearSign Core™ enclosed oxidiser Energy CEO Christopher Ridgewell.
Diamondback Energy for installation in a pilot scale hydrogen produce hydrogen from hydrogen sulfide. The
RedShift Energy uses plasma energy to
production plant. The Canadian customer is
and Rattler Midstream developing a breakthrough technology for the company’s modular technology is designed for
production of clean hydrogen.
economic applications across the petroleum
announce completion of cutting-edge project,” said Jim Deller, Ph.D., value chain including unlocking trapped
“We are happy to have been chosen for this
reserves upstream and recycling hydrogen
merger chief executive officer of ClearSign. “The downstream. “RedShift’s hydrogen technology
inclusion of our ultra-low emissions enclosed
has the potential to be a key feature in energy
Diamondback Energy and Rattler Midstream oxidiser into new hydrogen energy technology transition,” said CEO Howard Nelson.
today announced the completion of the demonstrates a commitment to both low “Joining Halliburton Labs will accelerate
previously announced merger between Rattler carbon and low pollution initiatives on the commercialisation with the help of their
and Diamondback. The merger resulted in part of our client. We are grateful for this broad expertise, supply chain experience, and
Diamondback acquiring all of the limited installation, and the exposure we anticipate it world-wide network,” added co-founder and
partner interests in Rattler not already owned will provide for ClearSign and our products, chief scientist Alex Gutsol.
by Diamondback and its subsidiaries. Each and look forward to the wider deployment of Renkube developed an innovative glass
public unitholder of Rattler received 0.113 of this new hydrogen producing technology.” designed to harvest light that lowers the
a share of common stock in Diamondback CLEARSIGN TECHNOLOGIES, August 23, 2022 cost of solar energy generation. The patent-
in exchange for each Rattler common unit pending glass is used on solar panels to
owned. Three companies join track sunlight like a sunflower but without
Effective August 24, 2022, Rattler’s any movement. “We are excited to be
common units will no longer be listed on The Halliburton Labs clean part of the Halliburton Labs accelerator.
Nasdaq Global Select Market, and it will cease We intend to leverage Halliburton’s deep
to be a publicly traded company. energy accelerator industrial expertise in manufacturing and
DIAMONDBACK ENERGY AND RATTLER operations as we roll out our product for
MIDSTREAM, August 24, 2022 Halliburton Labs today announced it commercialization,” said Balaji Lakshmikanth
selected three new companies to participate Bangolae, founder and CEO, Renkube.
in its collaborative environment to advance HALLIBURTON LABS, August 23, 2022

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