W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
ERCOT’s seasonal assessments and early outlooks for October through February predict Texas’ grid reserves will maintain at least 3,500 megawatts of reserve power even in the most extreme peak demand and power station outage scenarios.
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