Energy News Beat Ofgem has initiated an investigation into wind farm owners over alleged market manipulation. They are accused of overcharging consumers by £100 million, with claims suggesting they artificially inflated compensation payments received for shutting down turbines on windy days when grid capacity wasn’t needed. Analysts at the Renewable Energy Foundation (REF) provided evidence to Ofgem, indicating that wind farm […]
Energy News Beat The climate change-focused investment strategy known as ESG suffered another blow Tuesday at the hands of someone who was once its biggest steward on Wall Street: Larry Fink. The BlackRock CEO called for “energy pragmatism” in his annual letter to investors. He said that consists of using clean energy to reduce global warming emissions while […]
Energy News Beat Several European countries will hold elections this year, with economic conditions and the Russia-Ukraine war dominating discussions. Slovakia, Lithuania and Romania will elect presidents; Lithuania and Romania will also elect parliaments, as will Belgium, Croatia and Austria. Additionally, EU voters will choose a new European Parliament. These elections will highlight Europe’s political […]
Energy News Beat According to preliminary data from our Electricity Data Browser, the least hydropower was generated in the western United States during the 2022–23 water year (October 1 through September 30) since at least 2001. Western region hydropower generation dropped by 11% from the previous water year to 141.6 million megawatthours (MWh). Hydropower generation in the western […]
Energy News Beat The latest figures from the Department for Energy Security and Net Zero indicate that there are 3.98 million non-operational smart meters in smart mode. From June 2023 to the end of the year, the number of non-operational smart meters in smart mode decreased from 4.31 million in June 2023 to 3.98 million. […]
Energy News Beat In 2010, the now German minister of the economy Robert Habeck wrote, in his book published that year, that “patriotism, love of country, that makes me want to vomit”. This was a typical sentiment among the Greens of his generation, where even the slightest sign of patriotism was tantamount to a return of the […]
Energy News Beat Germany – The wind gusting across north German farm country brings much to the village of Sprakebuell: fog and rain from the sea, the occasional migrating stork, the faint smell of manure in the newly fertilized fields. And perhaps best of all, money – from selling the electricity generated by the wind […]
Energy News Beat Giga Energy, based in Houston, has teamed up with Exa Tech and Phoenix Global Resources to mine bitcoin in Argentina. The province of Mendoza is home to the world’s second-largest shale gas reserve. At the small pilot site, Giga is turning otherwise wasted methane gas into energy that’s used to power bitcoin […]
Energy News Beat Hail storms roared across Texas last week, and some of them happened in the same geographical areas where solar developers have condemned hundreds of acres of productive land to build solar installations made in China. The results were entirely predictable. Check out this news report about damage caused to one solar industrial […]
Energy News Beat DALLAS, Mar. 26 /BusinessWire/ — Matador Resources Company (NYSE:MTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) with a portion of the […]
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.
