Energy News Beat Russian President Vladimir Putin has signed decrees granting his government power to confiscate and forcibly sell off billions of dollars worth of assets belonging to European energy firms to new state-approved owners. In a decree published Wednesday, the Kremlin mandated the creation of new Russian-run companies to take over shares in the colossal Yuzhno-Russkoye […]
Energy News Beat The demand from the Biden administration and Gavin Newsom to make every car an EV in the near future suffered another devastating blow on Tuesday. In October, Ford announced it was pulling the plug on a massive, $12 billion investment in electric car design and production. That came after the company announced massive losses […]
Energy News Beat Michael and I love evaluating deals. Today is an excellent example of the M&A activity heating up in the oil and gas market. This deal between Occidental and CrownRock has some key takeaways, which we cover. This was a great exercise in reviewing the deal. While using the tools, I looked at […]
Energy News Beat Several blue states have deprived rural counties of the ability to reject the massive green energy projects that corporations want to site in their communities, while green industrial interests and environmentalist groups have poured money into state capitals. Michigan, California, New York, and Illinois have all passed legislation that consolidates authority over […]
Energy News Beat China’s government has frozen a US$6.5-billion reinforcement of its currency swap with Argentina agreed in October with former president Alberto Fernández amid tensions over the relationship with new head of state Javier Milei. Sources from Argentina’s previous government confirmed a report by US agency REDD Intelligence reporting that the extension of an […]
Energy News Beat On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, Marathon invested a total of $178.6 million in cash, averaging $458,000 per MW. Marathon Boosts Mining Capacity […]
Energy News Beat The Texas Railroad Commission, which regulates the state’s oil and gas industry, has obtained a no-fly zone in the area of what it says is an uncontrolled well in Crane County where its crews are working to control the flow of super-salty water erupting from beneath the surface. The commission said in a statement […]
Energy News Beat California’s dream of renewable green energy has left the state worse off, and even California Democrats have recognized just how deep the failure runs. California energy regulators on Thursday voted to extend the lifespan of the Diablo Canyon nuclear plant by five years, moving the shutdown date from 2025 to 2030. The 2025 date […]
Energy News Beat Bird filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday. In a release, Bird said it will use the bankruptcy proceeding to facilitate a sale of its assets, which it expects to complete within the next 90 to 120 days. Bird’s electric scooters are touted as an environmentally friendly alternative […]
Energy News Beat ENB Pub Note: “We are Uniting with Taiwan” – But what did Biden hear? “How Nice?” Beijing would like to reunify Taipei with mainland Xi revealed China’s plans for Taiwan to Biden – – Xi Says “We are Uniting with Taiwan”peacefully, Xi Jinping reportedly told the US president in November China is […]
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.
