Energy News Beat Homebuilders get more aggressive to sell the inventory, but prices are still far too high. By Wolf Richter for WOLF STREET. Despite huge inventories of new houses for sale, including completed houses, homebuilders have continued to build homes at an aggressive pace. Some of the big homebuilders, such as Lennar, have cut prices and thrown […]
Energy News Beat EQT Corp. is acquiring upstream and midstream assets from private Marcellus E&P Olympus Energy for $1.8 billion. The deal includes $500 million in cash and approximately 26 million shares of EQT common stock valued at $1.3 billion, the company announced April 22 in first-quarter earnings. Blackstone-backed Olympus owns 90,000 net acres in southwest Pennsylvania, adjacent […]
Energy News Beat ENB Pub Note: This is an essential update from Doug Sheridan, a LinkedIn Author and knowledgeable leader in the energy sector. Doug is raising some significant concerns about the Texas grid and potential issues on the horizon. I have been discussing the land reclamation issues associated with the wind and solar industries, […]
Energy News Beat EPA is laying off staff in its environmental justice programs to align with future needs, advance the agency’s mission, and improve workforce efficiency. The Trump administration is reportedly proceeding with the first wave of layoffs at the Environmental Protection Agency (EPA), mainly centered around environmental justice program workers. [emphasis, links added] Assistant […]
Energy News Beat ENB Pub Note: The following story from News Busters is interesting, but it also does not point out that the amount of corruption funneled into the climate groups ended up in lobbyist pockets, influencing energy policies around the world. And the worst part, funded by the U.S. Taxpayers. Not based upon facts […]
Energy News Beat Middle EastOffshore Vantage Drilling Vantage Drilling Offshore drilling contractor Vantage Drilling has received a conditional letter of award from an undisclosed client for the 2010-built drillship Platinum Explorer. The company stated that the conditional letter of award has a 90-day validity period. The contract value is around $80m with an anticipated 260 […]
Energy News Beat Excelerate Energy Limited Partnership, a unit of Excelerate, has priced its offering of $800 million in aggregate principal amount of 8.000 percent unsecured senior notes due 2030. The firm said in a statement that the 2030 notes will mature on May 15, 2030, and will be issued at par. The recent offering […]
Energy News Beat “Louisiana LNG has a foreign-trade zone, enabling the project to defer payment of tariffs until completion of each LNG train,” O’Neill said in Woodside’s quarterly report on Wendesday. “We are assessing the potential impacts of recent tariff announcements and potential further trade measures on Louisiana LNG. Around 25 percent of Louisiana LNG’s […]
Energy News Beat Excelsior’s AIS data shows that the unit arrived offshore Wilhemshaven from Rotterdam on Wednesday. LNG Prime invited DET to comment on the chartered unit’s arrival and provide further information about the commissioning process. In 2023, the FSRU arrived at the Navantia yard in El Ferrol, Spain, for a planned stopover before its job […]
Energy News Beat Daily Standup Top Stories How would a Nuclear Deal with Iran impact the global oil markets? Can OPEC+ acctually enforce production limits is the second part of that question. While examining the headlines of other publications, it is interesting to consider the potential impact of the 1-2 million barrels per day returning […]
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.
