Energy News Beat The Federal Trade Commission last week gave the green light to Exxon’s acquisition of Pioneer Natural Resources. The FTC alleged that Sheffield had colluded with OPEC and OPEC+ members to limit production and increase oil prices. In a response to the FTC allegations, the company defended its founder, saying he had always had the […]
Energy News Beat The International Energy Agency (IEA) recommends leaving new oil discoveries in the ground to achieve global climate aims. African and Caribbean nations face pressure to choose between economic development and climate action. Developing countries need support from high-income countries in the form of financing for renewable energy development. As the world focuses […]
Energy News Beat HOUSTON, May 6 (Reuters) – Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a quick agreement for a Gaza ceasefire deal appeared slim, reviving fears that combat between Hamas and Israeli forces will resume soon. Brent crude futures were up […]
Energy News Beat The rule, mandated by the Energy Independence and Security Act of 2007, requires federal buildings to phase out fossil fuel usage by 2030. The focus is on transitioning to cleaner electricity sources like wind and solar power to reduce greenhouse gas emissions. Despite opposition from natural gas utilities, the rule is projected […]
Energy News Beat Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 fuel stations. Neither Shell nor Aramco would comment on the rumor of the talks for Reuters; however, […]
Energy News Beat One of the recent positives for bonds and non-energy stocks could have run its course after Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, according to Bloomberg markets live reporter Garfield Reynolds Over the weekend, state-owned Saudi Aramco raised the June official selling price of Arab Light crude for customers […]
Energy News Beat The Biden administration wants the United States to triple the global supply of nuclear power, with American-designed reactors running on fuel enriched in the West. The goal: Usurp Russia’s near monopoly on atomic energy exports, and keep China from gaining control of yet another green energy industry. But there’s one big problem: […]
Energy News Beat An 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, coal-fired Brandon Shores power plant near Baltimore, according to the PJM Interconnection. The Sierra Club’s proposed battery storage solution to fill in for the retiring power plant fails to address all reliability problems with the planned shutdown and probably […]
Energy News Beat The purveyors of climate doom will not tolerate the good news of our planet thriving because of modest warming and increasing atmospheric carbon dioxide. However, a recent scientific paper concludes that an optimistic vision for Earth and its inhabitants is nonetheless justified. Widely accepted data show an overall greening of Earth resulting from a […]
Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained steady this week, while European prices rose compared to the previous week. Last week, charter rates dropped slightly compared to the week before. “Freight rates in the Atlantic and Pacific basins stayed steady this week, with the Spark30S Atlantic spot […]
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.
