Eclipse Energy's microbes can turn idle oil wells into hydrogen factories [TechCrunch]
Weatherford International plc - Ordinary shares (WFRD)
Company Research
Source: TechCrunch
“They've tried everything,” Prab Sekhon, CEO of Eclipse Energy , told TechCrunch. “There's still a ton of oil left behind.” Eclipse doesn't have a way to recover that oil, but it does have a way to squeeze some of the energy they embody up to the surface. Rather than pump harder or inject something to force oil to the surface, Eclipse sends down microbes to munch on the oil molecules and liberate their hydrogen. Instead of viscous oil, companies only have to deal with hydrogen gas. “Hydrogen flows a lot easier,” Sekhon said, making it easier to extract it from the well. The Houston-based startup, which was spun out of Cemvita, demonstrated the technology at an oilfield in California's San Joaquin Basin last summer. Now, it's partnering with oilfield services company Weatherford International to deploy the technology around the world, the startup exclusively told TechCrunch. The first projects will begin in January. “They're an extension of our team,” Sekhon said to characteri
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News
- Weatherford International (NASDAQ:WFRD) had its price target raised by analysts at Citigroup Inc. from $77.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Eclipse Energy Announces Collaborative Partnership with Weatherford Accelerating Commercialization of Subsurface Clean Energy TechnologiesGlobeNewswire
- Eclipse Energy's microbes can turn idle oil wells into hydrogen factories [Yahoo! Finance]Yahoo! Finance
- Weatherford: Thank You, I'm Out After Q3'25 (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Weatherford International (NASDAQ:WFRD) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $82.00 price target on the stock.MarketBeat