Energy News Beat Maersk Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation of shares repurchased, Maersk stated in a release. The Danish liner is nearing the end of […]
Energy News Beat Daily Standup Top Stories Germany must act immediately to stop deindustrialisation, union urges February 5, 2025 Mariel Alumit Urgent action is required if Germany, Europe’s former industrial powerhouse, is to overcome its economic turmoil and prevent the deindustrialisation that has already seen thousands of job cuts, the deputy chief of the country’s […] […]
Energy News Beat AmericasGas KSOE Midstream players ONEOK and MPLX will build a new 400,000 barrel per day liquefied petroleum gas (LPG) export terminal in Texas City, on the Gulf Coast which will also feature a pipeline connecting to ONEOK’s storage facility in Mont Belvieu, Texas. The $1.4bn export terminal will be known as Texas […]
Energy News Beat Data source: Natural Gas Intelligence Note: Prices are adjusted for inflation based on the December 2024 Consumer Price Index. Average natural gas spot prices at most major trading hubs in the Lower 48 states declined in 2024 compared with 2023 in real terms, according to data from Natural Gas Intelligence. Inflation-adjusted natural gas prices in the […]
Energy News Beat Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor Note: EST=eastern standard time Below average temperatures in the eastern United States during the week of January 19, 2025, resulted in high demand for electricity. On January 21 at 6:00 p.m. eastern time, ISO-New England (ISO-NE), the organization operating an integrated grid in Maine, Vermont, New […]
Energy News Beat Data source: U.S. Energy Information Administration, Short-Term Energy Outlook Gross U.S. coal exports in June 2024 totaled 10 million short tons, the most in a month since October 2018, data from our Short-Term Energy Outlook data browser show. Annual average U.S. coal exports were 9.0 million short tons in 2024. U.S. coal exports have increased each year […]
Energy News Beat Data source: U.S. Energy Information Administration, Monthly Energy Review, Domestic Uranium Production Report, and Uranium Marketing Annual Report In 2023, U.S. nuclear generators used 32 million pounds of imported uranium concentrate (U3O8) and only 0.05 million pounds of domestically produced U3O8. Imports accounted for 99% of the U3O8 they used in 2023 to make nuclear fuel. Foreign producers predominantly […]
Energy News Beat Data source: U.S. Energy Information Administration, Form EIA-923, Power Plant Operations Report, Monthly Generation by State Natural gas-fired electric power generation has increased in Pennsylvania since 2013 as the state has shifted toward natural gas as its main fuel source for electric power generation. In October 2024, natural gas-fired generation accounted for 57% of the […]
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Energy News Beat Daily Standup Top Stories China to impose tariff on US LNG February 4, 2025 Mariel Alumit China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition of a 10 percent tariff on all Chinese goods exported to the US, citing fentanyl […] Trump demands […]
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.
