Energy News Beat Israel’s vowed reprisals on Iran, and likely escalation afterward, have jolted complacent energy markets. All eyes are on the scale and scope of Israel’s promised response to Iran’s large-scale missile barrage on Tuesday. Few eyes are watching more warily than those in the oil market, which is getting unsettling hints that Iran’s […]
Energy News Beat Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), September 2024 Note: The Electric Reliability Council of Texas (ERCOT) defines large flexible load as any facility drawing power from the grid with an expected peak demand capacity of 75 megawatts or more. In the United States, electricity consumption is growing fastest in Texas, where the Electric Reliability […]
Energy News Beat This article was originally published by the New Jersey Monitor. After a scorching summer that saw electricity bills soar, experts told lawmakers Wednesday that they should eschew costly utility mandates, invest in technology like carbon capture, and avoid shutting down power plants before replacement power sources are up and running. Wednesday’s hearing […]
Energy News Beat Daily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was […] Goldman […]
Energy News Beat The UK government is cracking down on a London-based entity, Nest Wise Trading Ltd, linked to Iranian oil tycoon Hossein Shamkhani. The action is part of a broader effort by the UK and US to target entities suspected of sidestepping oil-trading restrictions. Nest Wise Trading Ltd faces dissolution for failing to provide […]
Energy News Beat Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene’s formation reminds markets that hurricanes […]
Energy News Beat A fire involving a container carrying lithium-ion batteries at the Port of Montreal triggered a temporary stay-at-home order for nearby residents on Monday. The incident occurred in a container at one of the port’s terminals. “Our Port Prevention and Security teams have been at work since the beginning of the incident, which […]
Energy News Beat CHEYENNE, Wyo. — In a new release, the Bureau of Land Management announced that it will be leasing a total of 4,641.95 acres of land over eight separate parcels for oil and gas production beginning with a sale Dec. 3. Scoping on these eight parcels, spread all throughout eastern and southern Wyoming, […]
Energy News Beat North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil […]
Energy News Beat Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a […]
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.
