Energy News Beat HOUSTON, Sept 4 (Reuters) – Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply increases. Brent crude futures settled down $1.05, or 1.42%, to $72.70 a barrel. U.S. West Texas Intermediate […]
Energy News Beat HOUSTON, Sep. 04 /BusinessWire/ — Crescent Energy Company (NYSE:CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator for total cash consideration of $168 million, subject to customary purchase price adjustments. The acquisition is directly offset Crescent’s existing Central Eagle […]
Energy News Beat The financial dimension of the Russian-Indian Strategic Partnership is qualitatively evolving as a result of the fast-moving multipolar processes that were unleashed across the world by the Ukrainian Conflict. Russia and India are decades-long strategic partners whose contemporary relations are driven by the shared desire to accelerate tri-multipolarity processes amidst the global […]
Energy News Beat China has restricted exports of key rare metals like antimony, causing prices to surge; antimony prices have reached record highs of over $25,000 per tonne. Antimony is vital for military, automotive, and solar applications, with China producing nearly half of the global supply. Western rare earth producers face challenges due to China’s […]
Energy News Beat PJM Capacity Prices Rising Fast Capacity prices in PJM soared in the recent capacity auction. (See my post Ten times as expensive at PJM.) The price rise will be reflected in higher bills for consumers. Consumer bills will not go up by a factor of ten, because capacity prices are only part of […]
Energy News Beat For years, California has received extensive press coverage for its high cost of living and the most expensive electricity and fuel prices in America. California’s increasingly high cost of living, housing, and transportation, coupled with an increase in crime, smash-and-grab robberies, homelessness, pollution, and congestion, has caused many people and companies to […]
Energy News Beat The combined crude oil exports from Saudi Arabia, Russia, and the United States fell by nearly 700,000 barrels per day in August. The decline was primarily driven by a drop in U.S. exports, followed by Saudi Arabia and Russia. Tightening U.S. crude supplies and rising domestic demand in Saudi Arabia contributed to […]
Energy News Beat Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile demand and plentiful supplies. Key coalition members likely won’t go ahead with the scheduled hike of 180,000 barrels […]
Energy News Beat Drought has hit Schleicher County hard. Lots of the stock tanks are dry. The only plants that appear to be thriving on this part of the Edwards Plateau are scrawny mesquite trees and the ever-present prickly pear cactus. As we turned onto County Road 339, the clouds of dust from the unpaved […]
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.
