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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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Industry News

Gas Discovery Made in British Columbia

LCG, July 25, 2002--A gas exploration venture in eastern British Columbia has yielded a discovery in the Monkman area, the oil and gas producer Talisman Energy announced Thursday.

The other partners involved are Anadarko Candada Corp., National Fuel Exploration Corp., and Oiltec Resources Ltd. A well tested to a total measured depth of 4,801 meters is predicted to produce between 15 million to 37 million cubic feet per day, and is scheduled to begin production by September.

Talisman president and chief executive Jim Buckee stated in a release that the well in Monkman, the first in the region, will be followed by more wells this year and next. "Although an extensive exploration program will be required, we believe currently identified locations could contain more than one trillion cubic feet of unrisked reserves," he said.
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