South Texas drilling permit roundup: Kingswood driller targets Atascosa County
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
Texas energy accountant shares his outlook on struggling producers, financing options
Amid a wave of oil and gas bankruptcies, this BKD energy practice leader is keeping an eye on the industry’s financial landscape.
Halliburton CFO: Layoffs have been driven by ‘stark reality’
“We don’t want to stack crews today that aren’t earning their cost of capital. That’s not what we’re in business to do.”
Former PUC chair defends Hawaii, HEI in response to ValueAct CEO letter
In a letter to ValuAct Capital CEO Jeffrey Ubben obtained by Pacific Business News, Mina Morita defended Hawaiian Electric Industries, noting that Ubben’s firm “is not paying attention to the reality of what it will take to attain a 100% renewable future when it falls back on mantras like ‘100% renewables’ or ‘no fossil fuels.’”
Early results: Duke’s pilot program on alternative rates adds up to savings
Duke projects it will cost about $1.3 million to run and evaluate the pilot programs this year. There will be additional costs in 2020 as it completes a full year of testing the alternative rates.
Operator of country’s largest power grid names new CEO
A Texas-based energy executive will be the next CEO of PJM Interconnection, a regional transmission organization that oversees a power grid serving more than 65 million people in 14 states from its headquarters in Valley Forge.
PJM said Monday Manu Asthana was appointed as its next CEO, news that comes about six months after former CEO Andy Ott announced he would retire at the end of June after spending 22 years at PJM and serving as CEO and president since 2015.
Interim CEO Sue Riley, a PJM…
Houston energy co. faces impending Nasdaq delisting
Synthesis stockholders’ equity has fallen below listing standards, and the company has nearly run out of time to fix the issue.
Texas energy data wrap: Government agency says WTI crude oil price to trend downward in 2020
The U.S. Energy Information Administration expects oil prices to continue to trend slightly downward in 2020, with that year’s forecasted average West Texas Intermediate price almost $2 lower per barrel than the 2019 forecast, according to data published by the agency. Here are four data points to know in Texas energy this week.
U.S. dry natural gas production set a new record in 2018, with Texas producing more than any other state, according to a report published by the U.S. Energy Information…
South Texas Military Contracting Roundup: $8M Army dredging contract awarded to Port Lavaca small business
This week’s compilation of notable military contract opportunities and awards in the San Antonio area covers Nov. 11 to 15. The contracts are posted on the new U.S. General Services Administration website.
This week’s roundup features one modified solicitation, as well as sources sought for two potential Air Force contracts and one Army contract award for pipeline dredging in the Gulf Intracoastal Waterway of Texas.
JBSA is looking for sources to potentially provide 350 tactical backpacks…
Cumberland Mine partially idled due to geology
The Cumberland Mine in Greene County was temporarily idled over the weekend due to a geological concern, the mine’s owners said.
Contura Energy Inc. (NYSE: CTRA) said continuous miner development and preparation plants were temporarily idled Friday due to a soft clay bottom found on the longwall section. It would cut down on the production from the longwall section at the Cumberland mine but coal would continue to ship from the preparation plant.
It was expected to be back in normal operation on…
