By Jackie DeAngelis It’s getting cheaper for Americans to fill their tanks and heat their homes, but analysts warn that consumers are unlikely to show signs of an economic windfall. The national average for a gallon of regular gasoline now runs $3.31, down 13 cents in a month and lower by 28 cents from the… Keep reading →
Oil and gas company valuations are based, in part, on their reserves – volumes of oil or gas yet to be developed from assets in their possession. But the International Energy Agency has said that to avoid catastrophic climate change, a third of global fossil fuel reserves must be off-limits until 2050. And if governments… Keep reading →
By transferring a portion of a commercial building’s electricity expenses to its property tax bill, Demeter Power is paving the way for an expansion of distributed solar generation in small- to medium-sized commercial buildings. Demeter Power, a provider of financing solutions for commercial distributed generation, has been awarded $500,000 through the Department of Energy’s SunShot… Keep reading →
After many years of essentially never worrying about power delivery, the past decade has brought an accelerating number of service interruptions to the citizens of the United States and steadily raised concerns about the sources of their energy alongside renewed interest in details of the system’s functioning. Those of us who have been working in… Keep reading →
The New York Public Service Commission has approved new power lines as part of its Indian Point contingency plan. On October 17, 2013, the New York State Public Service Commission (PSC) approved three transmission projects to maintain grid reliability if Indian Point Energy Center (IPEC) closes due to license expiration in 2015. IPEC’s nuclear reactors,… Keep reading →
The results of Chevron’s initial exploration in the Kaybob area of the Duvernay play in Alberta, Canada show liquid yield from completed wells in the 30-70% range, with initial production rates of as much as 7.5 million cubic feet of natural gas and 1,300 barrels of condensate per day. [Chevron] China National Offshore Oil Corp… Keep reading →
On September 13, 2013, Google announced that it had signed a contract to buy the entire output of the 239.2 megawatt Happy Hereford wind farm that is being developed by Chermac Energy near Amarillo, Texas. The project is expected to begin operation in late 2014. Undoubtedly, the developer of the facility, Chermac Energy* is pleased to have… Keep reading →
By Brad Quick A handful of counties in North Dakota are churning out more oil and gas than the entire state of Alaska. Welcome to the Bakken, the jewel of The Rough Rider State. But a look beyond the drillers working the state’s Bakken field reveals many players who see another opportunity: building North Dakota’s infrastructure. In May,… Keep reading →
US independents Anadarko and Noble Energy have agreed to exchange around 50,000 net acres of leasehold in the Wattenberg field in northeastern Colorado. US independent Devon and midstream company Crosstex have agreed to combine Crosstex’s assets and Devon’s midstream assets to form a new midstream business, which remains unnamed for the time being. Devon is… Keep reading →
By Rich Ilczyszyn This selloff is the real deal: Crude oil is getting zero help from a weaker dollar, as the market is in full liquidation mode, and is down another $1.50 on Wednesday morning. In early Wednesday trading, crude has dropped below $96.50, and has blown through most major support levels below $100 just this week. The next… Keep reading →
