Energy News Beat Oil Price In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a number of high-profile energy insiders concurred. ConocoPhillips and ExxonMobil made large acquisitions […]
Energy News Beat Toby Z. Rice, President and CEO, said, “This HOA with Texas LNG highlights continued momentum behind EQT’s differentiated LNG strategy, which is focused on achieving the best combination of upside exposure and downside risk mitigation. Our tolling capacity gives us direct connectivity to end users of natural gas globally, allowing for end-market […]
Energy News Beat Oil Price The Canada Energy Regulator is hearing arguments on Friday from Trans Mountain Corporation on why it should allow a change in the route and diameter of a small section of the pipeline. The company has warned that without that change it could face a worst-case scenario of a delay of two years […]
Energy News Beat The US banking giant Citigroup has announced plans to cut up to 20,000 jobs after reporting a steep quarterly loss of $1.8 billion for the last three months of 2023 – its worst in 15 years. The multinational said on Friday that the disappointing result was due to $4 billion of charges […]
Energy News Beat Turnover with Brazil nearly doubled in December as the South American country ramped up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week. Turnover between the countries nearly […]
Energy News Beat Oil and Gas 360 HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments […]
Energy News Beat Investing LONDON – Oil prices climbed about 3% on Friday, as some tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Witnesses in Yemen confirmed explosions throughout the country. […]
Energy News Beat Workers in China, Russia, and Mexico saw their inflation-adjusted earnings rise in 2023, a new report reveals Only three countries in the G20 saw real wages grow last year, a new report by a UN agency released this week has revealed. China, Russia and Mexico were the only leading economies that enjoyed […]
Energy News Beat The ambassador to New Delhi calls on businesses to explore further opportunities in Russia Russia-India trade reached a record $50 billion in 2023, but the two countries should aim for a more even balance in their economic ties, Moscow’s ambassador to New Delhi said this week. Denis Alipov raised the issue at […]
Energy News Beat Houthi attacks from Yemen on commercial vessels in the Red Sea and Gulf have generated major disruption across key shipping artery The cost of transporting cargo through the Red Sea and the Suez Canal, a major waterway for global shipping, have surged over 300% since November, amid Houthi attacks on commercial vessels […]
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.
