Energy News Beat The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids. The estimated combined gross ultimate recoverable resources of these two discoveries are approximately 20 to 30 MMboe. In […]
Energy News Beat Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by S&P Global has revealed. The Flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure of […]
Energy News Beat Communities in southern Maine are collaborating on a pilot program that aims to help residents overcome cost and logistical barriers to accessing climate-friendly home energy upgrades. Five towns and two regional nonprofits received a three-year, $800,000 grant from the U.S. Department of Energy’s Energy Efficiency and Conservation Block Grant Program in late […]
Energy News Beat The vast differences between industries. By Wolf Richter for WOLF STREET. Earlier today, we discussed how job openings, voluntary quits, layoffs & discharges, and new hires showed that power in the labor market has shifted from workers back to employers. Now we look at job openings by industry for November, based on data released today […]
Energy News Beat Daily Standup Top Stories OPEC+ set to hold monitoring meeting in early February January 3, 2024 Allen Santos Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, though an exact has not been decided, three sources from the alliance said. […] […]
Energy News Beat People quit quitting, so fewer job openings to fill, fewer people to hire, less churn. Good for employers, not so good for workers. Layoffs & discharges dropped below Good-Times lows. By Wolf Richter for WOLF STREET. Job openings edged down in November, but remained relatively high, workers quit quitting maybe because they’re worried about their […]
Energy News Beat The online database, Trading Economics, indicates that in June 2023 the global price for lithium had risen to $59,212 per tonne. But by November it had fallen by more than half to $27,218. Prices have continued to plummet. As of December 31, lithium was selling for just $18,242 per tonne. How could […]
Energy News Beat (Bloomberg) – Libya’s largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations. Libya’s Sharara oil field The country’s National Oil Corp. had warned earlier that a full stoppage and a force majeure were likely if the north African country was unable […]
Energy News Beat When I bought my first home — a 50-year-old fixer-upper in a small town — I couldn’t run my hair dryer and the microwave at the same time without tripping a circuit. I had to get creative with how I used electricity; such electric use was unheard of when the house was […]
Energy News Beat The U.S. Environmental Protection Agency (EPA) in May 2023 published a proposed rule that would establish new source performance standards (NSPS) and existing source performance standards (ESPS) for greenhouse gas (GHG) emissions from new, modified, reconstructed, and existing fossil-fuel fired electric generating units (EGUs). The proposed rule, which EPA plans to promulgate pursuant to […]
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.
