Energy News Beat Prices of New Houses v. Existing Houses: Price cuts and mortgage-rate buydowns make new houses more attractive. By Wolf Richter for WOLF STREET. The median price of new single-family houses that were sold in February fell to $400,500, the lowest since June 2021, down by 7.6% from February 2023 and down by 6.3% from February 2022, […]
Energy News Beat HOUSTON, March 25 (Reuters) – Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation’s demand for a ceasefire in Gaza. Brent crude futures settled $1.32 higher or 1.55%, at $86.75 a barrel. […]
Energy News Beat US LNG firm NextDecade is moving forward with construction work on the first phase of its Rio Grande LNG export terminal in Texas. In July last year, NextDecade took the final investment decision on the first three trains of its Rio Grande LNG project on the north embankment of the Brownsville Ship Channel in […]
Energy News Beat (Reuters) — Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, the company’s LNG chief said on Thursday. Exxon is […]
Energy News Beat A rebound in Chinese natural gas demand and rising fuel sales pushed the earnings of state oil and gas giant PetroChina to a record high in 2023, despite the drop in international oil and gas prices. PetroChina reported on Monday a net income of $22.3 billion (161 billion Chinese yuan) for 2023, up by […]
Energy News Beat A Wharton professor who studies AI, innovation, and start-ups dramatically claims that “the modern economy rests on a single road in Spruce Pine, North Carolina.” Ethan Mollick explains that this unremarkable road leads to a Sibelco North America Inc. facility where ultra-high-purity quartz is mined. This location is vitally important as it […]
Energy News Beat The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said. Nigerian National Petroleum Co. Ltd. (NNPC) chief executive Mele Kyari announced this at the CERAweek energy conference in Houston, Texas, where he championed the role […]
Energy News Beat Gas prices in California are the highest in the nation, and the state recently announced its policies are about to drive them even higher. A recent Los Angeles Times editorial completely misrepresented the root causes and attempted to cast blame in the wrong place. This is the same tactic the governor and Legislature have […]
Energy News Beat March 25 (Reuters) – Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China’s control of the critical minerals sector. Across Texas, Louisiana and other mineral-rich states, it’s unclear […]
Energy News Beat The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident tone from executives at this year’s CERAWeek by S&P Global conference, the industry’s annual get together in […]
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.
