Read More
Energy News

Local driller refinances; misses consensus estimate in third quarter

Abraxas Petroleum Corp. on Wednesday reported a lower-than-expected profit for the third quarter, even as it restructured its debt and sold some of its less valuable assets this past quarter.

The San Antonio-based oil and gas driller reported third-quarter profits of $3.8 million, or 2 cents per share, down 10% when compared to profits in the second quarter. Analysts had predicted earnings of 4 cents per share, according to data collected by Zacks Investment Research. So far this year, the company…

Read more

Read More
Energy News

Duke Energy awarded $4.9M judgment for withdrawn solar project

SunEnergy1 and its CEO, Kenny Habul, have agreed to repay Duke Energy Renewables $4.9 million of a $10.5 million deposit the utility made on a 60-megawatt solar project of which it opted out.

Habul says the money is now being repaid. He has not contested the claim, saying he signed a confession of judgment for Duke as part of a contractual agreement in the project.

Duke Renewables, a commercial subsidiary of Duke Energy Corp. (NYSE: DUK), filed for a judgment in Mecklenburg Superior Court against…

Read more

Read More
Energy News

Tailwater-backed midstream companies merge

The executives behind Houston-based Elevate Midstream Partners LLC have merged their company with Dallas-based Align Midstream Partners II LLC and are preparing to move on to the next iteration of their venture.

Both companies are backed by Dallas private equity firm Tailwater Capital, which means the financial backer is going to be staying involved with the assets. Now that the two have merged, Align’s team operates the combined assets under the leadership of Fritz Brinkman and Matthew Osborn…

Read more

Read More
Energy News

Tailwater-back midstream companies merge

The executives behind Houston-based Elevate Midstream Partners LLC have merged their company with Dallas-based Align Midstream Partners II LLC and are preparing to move on to the next iteration of their venture.

Both companies are backed by Dallas private equity firm Tailwater Capital, which means the financial backer is going to be staying involved with the assets. Now that the two have merged, Align’s team operates the combined assets under the leadership of Fritz Brinkman and Matthew Osborn…

Read more

Read More
Energy News

How Duke Energy is boosting NC transit systems’ efforts to go green

Duke Energy Corp. is making grants worth $300,000 to two transit systems in North Carolina’s Research Triangle region to install charging stations for electric buses the systems are purchasing.

GoTriangle, which serves serves several area communities from its base in Durham, will get $100,000 to help pay for installing two charging stations for the two zero-emissions buses it will get by the end of this year. GoRaleigh will get $200,000 to help install five charging stations for the five buses the…

Read more