Energy News Beat US shale producers are focused on capital discipline and shareholder returns, limiting the impact of Trump’s pro-oil policies. Increased Permian rig activity is unlikely to significantly boost oil production due to inventory depletion and efficiency concerns. The US is already on track to meet Bessent’s 3-3-3 hydrocarbon production target without policy changes, […]
Energy News Beat By Julian Lee, Serene Cheong and Alex Longley (Bloomberg) — The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve […]
Energy News Beat [[{“value”:” Hungarian PM has accused Kiev and Washington of jeopardizing energy security across Europe Ukraine’s decision to block gas transit and the outgoing White House administration’s latest sanctions on Russian oil are driving Europe toward a new energy crisis, Hungarian Prime Minister Viktor Orban warned. Orban made the remarks on Saturday in […]
Energy News Beat Austin, Oakland, New Orleans, San Francisco, Washington D.C., New York City, Detroit, Seattle, Portland, Tampa. By Wolf Richter for WOLF STREET. We talk a lot about “home prices in the US” – rising or falling or whatever, as if the US were one monolithic market. But the US spans a vast number of housing markets […]
Energy News Beat Days before Trump takes office, Brayton Point loses $300 million offshore wind cable plant development project THE ITALIAN COMPANY seeking to build a cable manufacturing plant at Brayton Point in Somerset, Massachusetts, pulled the plug on the $300 million project Friday, dealing a major blow to offshore wind development on the East Coast […]
Energy News Beat One millionaire left the UK every 45 minutes in 2024 after the Labour Party’s tax overhaul, a report says Millionaires are leaving the UK in droves since the Labour Party took over last year, The Times reported on Friday. The exodus comes after the government of Prime Minister Keir Starmer confirmed plans […]
Energy News Beat Janet Yellen has told Congress that her department will pause retirement payments in a bid to avoid default US Treasury Secretary Janet Yellen has said her department will take “extraordinary measures” to prevent the US from hitting the national debt limit on Tuesday, one day after President-elect Donald Trump takes office. In […]
Energy News Beat The two nations, both under immense pressure, are together pushing to create a fairer world The relationship between Russia and Iran is deeply rooted in history, dating back to the 16th century when the two nations first established contact. Despite periods of tension, pragmatism has always been at the core of their […]
Energy News Beat The U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude. India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow’s cheap oil, said analysts. The South Asian nation imports a significant 88% […]
Energy News Beat To Democrat’s chagrin, Trump’s energy secretary pick pledged at his confirmation hearing to focus on restoring US energy dominance. US President-elect Donald Trump’s energy secretary pick on Wednesday pledged to focus on what he called restoring US energy dominance. [emphasis, links added] “President Trump shares my passion for energy, and if […]
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.
