Energy News Beat Nasdaq U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs. In Texas the state’s power grid operator, the Electric Reliability Council of Texas (ERCOT), forecast electric demand […]
Energy News Beat Oil Price Hours after targeting a U.S. warship with a cruise missile in the Red Sea, Yemen’s Iran-backed Houthis fired a missile and struck a U.S.-owned merchant vessel in the Gulf of Aden, giving further momentum to the escalation of this conflict. Early on Monday, the Houthis fired a missile at the […]
Energy News Beat Oil Price Freezing temperatures have slashed North Dakota’s crude oil production by up to 280,000 barrels per day (bpd) in recent days, according to estimates from the North Dakota Pipeline Authority as of Sunday, reported by Reuters. Natural gas production in North Dakota also fell, due to the Arctic blast and frigid weather that […]
Energy News Beat Daily Standup Top Stories Winter Freeze Cuts U.S. Natural Gas Output January 15, 2024 Mariel Alumit Sub-zero temperatures in much of the United States have frozen gas wells, leading to the drop in production to the lowest in 11 months, Reuters has reported, citing local data. The report added that demand for […] BlackRock Scoops […]
Energy News Beat Condo prices in Toronto carve out two-year low, house prices just a hair behind. By Wolf Richter for WOLF STREET. House prices in Canada have now fallen by 18% from the peak in March 2022 – or by $171,500 (all in Canadian dollars) – after the 1.2% drop in December from November, the sixth month-to-month […]
Energy News Beat ENERGY REALITIES EPISODE #94 – ENERGY THREATS Highlights of the podcast: 01:25 -Rental giant hertz dumps EVs, including Teslas for gas cars 05:18 – U.S. resumes Russian oil imports and defies sanction. 06:42 – Uranium imports from Russia 09:02 – Defying sanctions with the Russian oil imports 10:00 – The Japanese government […]
Energy News Beat It’s a cautionary tale with a European twist and implications for Alberta. Spain’s feet-first foray into renewable power has hit a snag after the country will be forced to dismantle more than 36% of its aging fleet of wind turbines within the next five years. According to the national Wind Business Association […]
Energy News Beat Kuwait Petroleum Corporation (KPC) has announced the setting of the indicative price for Kuwaiti oil at $70 per barrel for the fiscal year 2024/2025, commencing this April. This key financial indicator was reported by Al-Anba daily, which cited informed sources. It should be noted that while KPC proposes this price, the final […]
Energy News Beat UPDATE: By 7:28 a.m., wind output fell to less than 1 per cent of capacity One of the first lessons any new engineering student learns in their materials class is “cold brittle behaviour” of materials. When it gets really cold, like -30 C or colder, many materials lose much of their strength […]
Energy News Beat In the wake of a year that saw record electric vehicle adoption achieved alongside weakening consumer demand, a new report from S&P Global Mobility found a transition trend that could indicate more challenges ahead for the sector. After analyzing return-to-market vehicle registration data, S&P found households with gas-powered cars to be more likely to transition […]
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.
