Energy News Beat World Oil (Bloomberg) –Wages for U.S. oil workers climbed for a third straight month, setting a fresh record as paychecks prove resilient amid slowing shale activity. Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous month to $43.63, according to a Labor Department report released Friday. Source: World […]
Energy News Beat Equinor’s strategic fine-tuning means renewable electricity growth will be less exclusively focused on offshore wind, although that remains critical, while oil and gas production will remain steady this decade, but pivoting increasingly toward natural gas. In an interview at the recent Energy Intelligence Forum, Equinor CEO Anders Opedal spoke about the challenges […]
Energy News Beat (Bloomberg) – A Swedish oil firm is making a bold move into Venezuela after the U.S. eased sanctions, signaling the potential for more of the country’s crude oil to reach global markets. Stockholm-based Maha Energy has gained rights to a stake in the PetroUrdaneta project that belongs to Brazilian industrial conglomerate Novonor, […]
Energy News Beat Commonwealth Court is stopping Pennsylvania’s effort to join a cap-and-trade program targeting power plant emissions. Joining the Regional Greenhouse Gas Initiative was Gov. Tom Wolf’s signature climate policy. Under RGGI, power plants must pay for each ton of carbon dioxide they emit. The move would have made Pennsylvania the first major fossil fuel-producing state […]
Energy News Beat US crude oil production hit a record in August with 13.05 million barrels per day, even as the number of rotary US oil rigs declined. The Permian basin has been the focal point for US crude supply growth, with improvements in multi-well pad technology and increased lateral well lengths. Goldman Sachs highlights […]
Energy News Beat Hundreds of surfers have paddled out into the turquoise seas off the NSW south coast to create a giant ring of solidarity in opposition to a wind farm the government wants to build 10 kilometres offshore. Thousands more people covered the grassy surrounds of Wollongong Head Lighthouse at Flagstaff Point on Sunday […]
Energy News Beat Anyone who has listened to the Energy News Beat podcast for the last 3 years, knows that Michael and I have a passion for spreading the word about ending energy poverty. The only way to eliminate energy poverty is through low-cost, sustainable energy, with the least environmental impact. In this episode, Dan […]
Energy News Beat Oil Price ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder of the largest owned and operated CO2 pipeline network in the U.S. Source: Reuters The deal, first announced in July this year, obtained Denbury shareholder […]
Energy News Beat World Oil (WO) – The American Petroleum Institute (API) called on the Biden administration to help meet growing energy demand by allowing for consistent and predictable access to America’s vast energy resources offshore. Source: World Oil In comments submitted to the Bureau of Ocean Energy Management (BOEM) in response to the Call […]
Energy News Beat World Oil (WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5). Source: World Oil In a letter to White House Chief […]
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.
