Energy News Beat March 13 (Reuters) – Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources (SBOW.N), opens new tab that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment firm said on Wednesday. The offer is a variation of previous unsuccessful bids for SilverBow that Kimmeridge […]
Energy News Beat Ahmed Adel, Cairo-based geopolitics and political economy researcher On Monday, Union Commerce and Industry Minister Piyush Goyal said that many large and small economies around the world have expressed willingness to start trading in rupee terms with India, which could be a “game-changing” development for India’s trade. This is another important step […]
Energy News Beat (WO) – The Independent Petroleum Association of America (IPAA) issued the following statement in response to President Biden’s FY 2025 Budget that would repeal many long-standing oil and natural gas tax provisions. IPAA President & CEO Jeff Eshelman said, “As we stated last week after President Biden’s State of the Union address, […]
Energy News Beat Burning woody biomass to generate renewable energy is controversial. Wood pellets are supposed to be CO2-neutral fuel because growing trees absorb the greenhouse gas that was released in the burning. But the Clean Air Committee (Comité Schone Lucht) says harvesting wood pellets leads to major damage to nature and biodiversity. How sustainable […]
Energy News Beat Today on our podcast, we interview Frits Buningh, a Data analyst and overall cool cat. I really enjoyed my time on the podcast, and we had a great conversation about the global warming phenomenon. But what I did not expect was actually finding out how the narrative of global warming has been […]
Energy News Beat KEY POINTS Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans. Though consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the […]
Energy News Beat The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up. The figures compared with a crude oil inventory build of 1.4 million barrels for the previous week, with substantial declines in both gasoline and middle distillates for that […]
Energy News Beat “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income so that the rich pay more and low-income residents pay less. Costly California looms as an example of poor energy policy.” Energy prices are skyrocketing in California. The state’s electricity, […]
Energy News Beat The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, unnamed sources familiar with the plans have told Bloomberg. Shell has been saying for months […]
Energy News Beat The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights. Formed out of a partnership between the African Petroleum Producers […]
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.
