Energy News Beat Charlotte-based NASCAR, like so many of its Fortune 500 advertisers, has lofty goals to reduce its carbon footprint and invest in renewable energy. But just as stock-car racing has long held prominence in the Southeast, so too have electric utility monopolies. And unlike in neighboring Virginia, which has its own share […]
Energy News Beat The following story is the first in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota. World leaders in Dubai this week are concluding the latest United Nations conference on climate change, where experts and advocates repeated urgent pleas for […]
Energy News Beat Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy consultancy Wood Mackenzie said on Tuesday. Source: Oil Price The Permian, the top oil-producing basin in the United States, […]
Energy News Beat World Oil (Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in […]
Energy News Beat Daily Standup Top Stories House passes bill barring imports of Russian uranium for nuclear power December 12, 2023 Mariel Alumit The House on Monday passed legislation that would bar imports of Russian uranium for nuclear power plants. The measure was passed by a voice vote with bipartisan support. Ahead of the voice vote, […]
Energy News Beat But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels. By Wolf Richter for WOLF STREET. Inflation in services accelerated in November for the second month in a row, to an annualized rate of 5.8%, driven by housing, healthcare, and insurance. Services is where about 65% of consumer spending goes, […]
Energy News Beat It’s fashionable to claim that the free market ideas of Nobel laureate economist Milton Friedman have failed the country, and that it’s time for new policies. Campaigning in 2020, Joe Biden declared that “Milton Friedman isn’t running the show anymore.” More recently, New York Times columnist David Leonhardt noted that people like Friedman promised […]
Energy News Beat As COP 28 winds down, the Canadian oil and gas industry is faced with the unenviable task of making sense of the declarations, plans, proposals, and unrealistic promises and attempting to chart a path forward. Global leaders aggressively addressed oil and gas methane cuts using a one-two punch of financial incentives and […]
Energy News Beat Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc, have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. Shell will sell 60% interest in Brazos Wind Holdings, LLC, a 182-megawatt (MW) onshore wind farm in Fluvanna, Texas, and 50% interest in […]
Energy News Beat (WO) — The Energy Workforce & Technology Council’s monthly jobs report reveals a surge of 1,286 jobs in the U.S. oilfield services sector for November. This growth, based on preliminary data from the Bureau of Labor Statistics (BLS), follows adjustments to October numbers and analysis by the Energy Workforce & Technology Council. […]
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.
