Energy News Beat People in developed nations take abundant electricity for granted. When asked where electricity comes from, most will point to their wall outlet. But many states in the U.S. are headed for a serious and prolonged shortage of electrical power not seen in decades, driven by rising demand from the artificial intelligence revolution […]
Energy News Beat ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current production cuts are set to run through the end of June, but the group may decide to extend those cuts at […]
Energy News Beat TOKYO — Southeast Asian countries’ transition to liquefied natural gas and the expected surge in demand for the fuel is spurring Japanese companies to expand their LNG business in the region as their home market’s needs shrink. Natural gas is becoming an important resource for ASEAN’s 10 members. Vietnam and the Philippines […]
Energy News Beat The Biden FTC’s approval of the Exxon-Pioneer deal comes amidst scrutiny from lawmakers concerned about energy price increases. Exxon pledges to lower production costs and achieve net-zero emissions from Pioneer operations by 2035. Approval of the merger is seen as easing tensions between the Biden administration and the oil industry amidst rising […]
Energy News Beat I came across a news item in early April that not only caught my attention, it actually gave me hope that the various factions in the energy industry can work together to accomplish what the American Coal Council deems an essential next step in our country’s energy plan – the creation of […]
Energy News Beat Get ready for more energy shortages. The Environmental Protection Agency’s (EPA) power plant rule was finalized last week, and it is bad news for America’s energy supply. Under the new rule, all coal plants that plan to stay open beyond 2039 and any new natural gas plant would have to cut or capture […]
Energy News Beat Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow, just as the facility’s crude-processing had recovered from a previous strike. The overnight attack caused a fire at the plant, a person in the Ukraine military who is familiar with the matter told Bloomberg News. […]
Energy News Beat Three and a half years into the Biden Administration, and to an ordinary citizen on the ground it might seem like not that much has changed as to energy. Despite hundreds of government actions and initiative in an all-of-government regulatory onslaught to transform the energy economy, the important things have been remarkable […]
Energy News Beat Energy Secretary Jennifer Granholm battled House Republicans at a budget hearing on Wednesday, defending the Department of Energy’s efforts on grid reliability, electric vehicles and natural gas exports. It was Granholm’s third appearance before a Capitol Hill committee this year, and it might have been her toughest yet. The Energy and Commerce […]
Energy News Beat The United States on Wednesday (1 May) issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western measures, including through China. The US Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 […]
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.
