Energy News Beat China’s government has frozen a US$6.5-billion reinforcement of its currency swap with Argentina agreed in October with former president Alberto Fernández amid tensions over the relationship with new head of state Javier Milei. Sources from Argentina’s previous government confirmed a report by US agency REDD Intelligence reporting that the extension of an […]
Energy News Beat On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, Marathon invested a total of $178.6 million in cash, averaging $458,000 per MW. Marathon Boosts Mining Capacity […]
Energy News Beat The Texas Railroad Commission, which regulates the state’s oil and gas industry, has obtained a no-fly zone in the area of what it says is an uncontrolled well in Crane County where its crews are working to control the flow of super-salty water erupting from beneath the surface. The commission said in a statement […]
Energy News Beat California’s dream of renewable green energy has left the state worse off, and even California Democrats have recognized just how deep the failure runs. California energy regulators on Thursday voted to extend the lifespan of the Diablo Canyon nuclear plant by five years, moving the shutdown date from 2025 to 2030. The 2025 date […]
Energy News Beat Bird filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday. In a release, Bird said it will use the bankruptcy proceeding to facilitate a sale of its assets, which it expects to complete within the next 90 to 120 days. Bird’s electric scooters are touted as an environmentally friendly alternative […]
Energy News Beat ENB Pub Note: “We are Uniting with Taiwan” – But what did Biden hear? “How Nice?” Beijing would like to reunify Taipei with mainland Xi revealed China’s plans for Taiwan to Biden – – Xi Says “We are Uniting with Taiwan”peacefully, Xi Jinping reportedly told the US president in November China is […]
Energy News Beat The Russian president could be invited to the anniversary of the Normandy landings French President Emmanuel Macron has not ruled out the possibility of inviting Russian President Vladimir Putin to the 80th anniversary of the D-Day landings in Normandy next June, “if the situation changes” in Ukraine. Macron reportedly made the comment […]
Energy News Beat Key Takeaways 1. President Joe Biden has decided to have the fewest offshore oil and gas leases in history as he will only hold 3 over 5 years—far fewer than the 47 sales proposed by President Trump. 2. The three lease sales are the fewest possible under the Inflation Reduction Act, in […]
Energy News Beat Oil Price Several small-sized Canadian oil and gas producers prefer to wait and see if Prime Minister Justin Trudeau and his Liberals will survive the 2025 election instead of investing a lot of money and cutting production now to start complying with a federal framework to slash emissions by 2030. Source: Reuters […]
Energy News Beat Daily Standup Top Stories Another Offshore Wind Farm Hits the Dust December 20, 2023 Stu Turley Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its six-turbine project. 2: The project received a $50 million grant under President Obama, but the […] Analysts Say […]
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.
