NEWS
PRESS RELEASE
Black Mountain Secures Earthstone Energy Oil and Gas Field
January 25, 2023
Black Mountain Energy has agreed to acquire 100% of Earthstone Energy’s interest in an existing oil and gas field in the Permian Basin in New Mexico. Earthstone’s interest includes eight operating wells and leases, referred to as the ‘Half Moon’ prospect, located in the northwestern corner of the US Delaware Basin.
NEWS
Black Mountain Energy edges closer to Valhalla production
September 8, 2022
Black Mountain Energy is closer to producing gas from its Valhalla project in the Canning Basin of Western Australia. Non-Executive Director Marie Malaxos discussed the project with investors at the Good Oil and Gas Energy Conference in Perth this week.
NEWS
Black Mountain Energy hits milestones for Valhalla in June quarter
July 29, 2022
Black Mountain Energy (BME) reportedly achieved several key milestones for its Valhalla gas project during the June quarter — its second quarter since listing on the ASX. The company was admitted to the official list of the ASX on December 23, 2021 after completed an IPO which raised $11 million.
EVENT
“Fossil Fuels Are Not Dead Yet”
July 27, 2022
Join Ross Gage, Director of Investor Relations at Black Mountain, and other influential speakers at SuperReturn Energy in September as they discuss oil’s journey from worthless in the pandemic to $100/barrel and how to improve fossil fuel efficiency.
PRESS RELEASE
Cypress Creek Renewables Acquires 400MW from Black Mountain Energy Storage
July 25, 2022
Cypress Creek Renewables has added 400MW/600MWh to its storage portfolio after acquiring four Texas standalone energy storage projects from Black Mountain Energy Storage The projects, each 100MW, are located throughout the ERCOT market and are currently under development.
NEWS
Black Mountain Energy commences on-ground seismic activities at Valhalla project, Western Australia
July 19, 2022
Black Mountain Energy completes seismic line clearing activities at its Valhalla project in the Canning Basin. The company will now look to begin seismic data acquisition work, with a planned Odin 2D seismic program to result in 130 kilometers of additional data. This data will provide further definition to the southwest portion of the Valhalla permit ahead of a planned 2024 well appraisal program.
PRESS RELEASE
Recurrent Energy Expands ERCOT Storage Pipeline with Acquisition of Storage Projects from Black Mountain Energy Storage
June 16, 2022
Today, Recurrent announced the acquisition of two standalone energy storage projects from Black Mountain Energy Storage. The projects, which are in the South Load Zone of the Texas ERCOT market, are each anticipated to store up to 200 MWh of energy.
NEWS
It’s Go Time for Black Mountain Energy’s Valhalla Gas Project in WA’s Canning Basin
April 6, 2022
All eyes are on Black Mountain Energy (BME) after it recently secured crucial and often hard-to-obtain environmental approvals for seismic surveys at its Valhalla gas project in the Canning Basin in northern Western Australia.
NEWS
Black Mountain Energy Commences ASX trading after A$11 million IPO
December 23, 2021
Black Mountain Energy successfully completed an A$11 million IPO via the issue of 55 million shares at A$0.20/share. Executive Chairman Rhett Bennett said, “We are excited to bring our expertise to Australia and champion the effort to deliver responsibly developed and environmentally conscious natural gas supply.”
NEWS
Mining Sector 'Wildly Unprepared' for Energy Transition - Black Mountain CEO
October 21, 2021
Mining companies will be called on to provide the needs of the growing energy transition, but the sector has been starved of the capital necessary to do so, said Rhett Bennett, the founder and CEO of Texas-based natural resources company Black Mountain.
NEWS
WA allows Kimberley fracking export to unlock ‘supergiant’ gas basin
October 19, 2021
Deputy Premier Roger Cook’s department exempted a Texan oil and gas company, Black Mountain Energy, from Western Australia’s onshore gas ban in the hope it will build a pipeline to open up the region to more gas production.
PRESS RELEASE
Black Mountain Acquisition Corp. Announces Pricing Upsized $240,000,000 Initial Public Offering
October 13, 2021
Black Mountain Acquisition Corp. announced today the pricing of its upsized initial public offering of 24,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “BMAC.U” beginning on October 14, 2021.
PRESS RELEASE
Black Mountain Energy Secures Export Exemption to Western Australian Domestic Gas Policy
October 06, 2021
Black Mountain Energy announced it has been granted an exemption to the export restrictions on domestic natural gas from the Western Australian government’s Department of Jobs, Tourism, Science and Innovation.
PRESS RELEASE
Black Mountain Metals and Tembo Capital Forge Battery Metal Partnership
October 05, 2021
Black Mountain Metals and Tembo Capital Group are pleased to announce that the two groups have created a strategic partnership to jointly advance the Lanfranchi nickel sulphide mine in Western Australia.
NEWS
THE FORT: The Bull Case for Nickel, Oil & Gas
June 03, 2021
On this episode, Chris and Rhett deep dive into the Nickel industry. Black Mountain has recently stepped into the industry by purchasing a mine in Western Australia and Rhett delivers great insight into how Nickel is used in battery metals and will be critical for the Electric Vehicle industry.
NEWS
Australia Presents Opportunity for E&P Companies Looking Beyond US Unconventionals
July 22, 2020
Black Mountain executives outlined the key criteria they used to determine why Western Australia was a prime location for private-equity investment when looking at international unconventional plays.
PRESS RELEASE
Canning Basin a Long-Term Solution to East Coast Gas Woes
July 06, 2020
Gas from Western Australia’s onshore Canning Basin could help alleviate chronic energy shortages on Australia’s eastern seaboard if a transcontinental pipeline connecting WA to the East Coast gas market becomes a reality.
AWARD
Rhett Bennett Named 2019 Entrepreneur Of The Year Finalist
April 26, 2019
Reflecting the region’s status as a hotbed for innovators and entrepreneurs, EY has selected 50 business leaders at 41 fast-growing companies as finalists in the Southwest division of its annual Entrepreneur Of The Year program.
NEWS
Sands of Time: The Care and Grooming of a Frac Sand Mine
January 01, 2019
Reminiscent of the 1889 Oklahoma Land Rush, the 2018 Permian Basin sand rush saw excited investors descend on the Basin, opening approximately 19 new sources of this granular gold. Black Mountain opened three of those 19: Vest, El Dorado, and Sealy Smith.
NEWS
Meet the Shalennials: CEOs Under 40 Making Millions in Texas Oil
September 12, 2018
After observing his family’s coal business as a child, Rhett Bennett didn’t want to get into mining after graduating from the University of Georgia. So he jumped into the energy industry and wound up right back in the mining business…frack sand mining.