Energy News Beat Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and journalists alike – “musketeers.” I’m also a fan of the […]
Energy News Beat December 19, 2023 We are excited to announce changes to Today in Energy (TIE). Beginning on January 8, Today in Energy will encompass a broader range of analysis. Pieces previously published as This Week in Petroleum (TWIP), the Electricity Monthly Update (EMU), and the Natural Gas Weekly Update’s (NGWU) In the News […]
Energy News Beat The European Union has been working to cut down its reliance on Russian energy, especially natural gas. While it sounds simple to just find new energy suppliers, it’s actually a tough task. It involves setting up the right logistics, technology and infrastructure. Still, the EU has made good progress, which aligns with […]
Energy News Beat (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly finalized Department of Interior 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program. The program holds the fewest oil and gas leases in United States History. Only three oil and gas lease sales are scheduled for the Gulf […]
Energy News Beat Note: For quite a while now I have put my Citizens Guide to the Climate Act article as the top post on the website because it summarizes the Climate Leadership & Community Protection Act (Climate Act). This post updates my current thoughts about the Climate Act and will replaces that post at the top of the list […]
Energy News Beat A step forward, not the finish line The first train for the ALNG2 project started producing LNG today at 10:30 local time. While producing the first LNG drop is a significant achievement for any liquefaction project, it is important to note that this is not the same as loading the first cargo. […]
Energy News Beat History continues to offer lessons and strategy to Washington if only the Biden Administration had the wisdom to hear it. Eighty years ago, the allies quickly realized that both Nazi Germany and Imperial Japan fed their war machines on oil. In the Pacific, American submarines sank every enemy tanker on sight, choking […]
Energy News Beat Lightsource bp says it has sold five of its Australia solar project to the China-based Beijing Energy International Australia (BJEI Australia) for an equity value of $813 million. The portfolio, which amounts to a total of 1.04 GW (dc), includes the Wellington, West Wyalong and Woolooga projects which are already in operation, […]
Energy News Beat The Biden administration has cut the number of lease sales in the United States outer continental shelf (OCS) from the previously proposed 47 to just three in the final oil and gas leasing program for 2024–29. The Department of the Interior (DOI) said the reduction is needed to meet offshore wind area […]
Energy News Beat The United States has announced the launch of a multinational force to protect trade in the Red Sea after attacks by Yemen’s Houthi rebels forced at least a dozen shipping lines to suspend operations. US Defense Secretary Lloyd Austin said on Monday that Bahrain, Canada, France, Italy, the Seychelles and the United […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
