An index based on upstream economic indicators, recorded its fourth consecutive monthly increase in March, indicating the Texas upstream economy “has embarked upon a new cycle of expansion,” the Texas Alliance of Energy Producers (TAEP) reports.
Privately-held liquefied natural gas export facility developer NextDecade and Harmony Merger, a special purpose acquisition company, said Tuesday they will combine, with NextDecade becoming publicly-traded.
A Plains All American Pipeline subsidiary on Tuesday announced it’s conducting an open season for up to 350,000 barrels per day of committed crude oil pipeline capacity from the Permian Basin to Cushing, Okla.
Coal-fired power plants accounted for 25% of operating electricity generating capacity in the U.S. and generated roughly 30% of U.S. electricity in 2016, according to the Energy Information Administration.
It’s unclear if it’s lucky No. 13, but for the 13th consecutive week the number of rigs working onshore in the Lower 48 States last week was up from the previous week, oilfield services firm Baker Hughes reports.