A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

Cabot CEO: “Better days ahead” after second-quarter loss of $27.5 million

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Stubbornly low natural gas prices caused Cabot Oil & Gas Corp to lose $27.5 million in the second quarter, but a new pipeline in the works should help the company more easily move its gas to market and fetch better prices, CEO, Chairman and President Dan Dinges said Friday.

Commentary: Key turning points in the energy complex

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(source: Wikipedia) To be honest, I had not heard of the phrase ‘Jumping The Shark‘ until recently (I’m not talking about surfer Mick Fanning either). It’s not like I didn’t watch ‘Happy Days’ when I was growing up, I just don’t remember that episode. For those unaware, ‘Jumping The Shark‘ is a term used to […]
(AP Photo/Paul Sakuma)

Calpine to acquire Champion Energy for $240 million

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Calpine, one of the nation’s top power generators, will acquire Houston-based Champion and its 180 employees, all of whom will make the switch. Champion has 2.5 million residential customers, many in Texas, and 18,000 commercial and industrial customers.
(Jason Alden/Bloomberg)

Entergy Texas pulls out of power station purchase

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New Orleans-based Entergy Corp. will still proceed with its $948 million acquisition of the Union Power Station near El Dorado, Arkansas, but the Entergy Texas subsidiary no longer will pay the $237 million to buy one of the four, 495-megawatt generating units at the natural gas-fired plant. Florida-based Entegra Power Group is selling the plant.
John Fainter, president and CEO of the Association of Electric Companies of Texas, poses in his offices Dec. 8, 2003, in Austin, Texas. (AP Photo/Harry Cabluck)

Longtime head of lobbying arm for Texas electric companies retires

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John Fainter, 76, who headed the Association of Electric Companies of Texas for 18 years, said he is retiring at the end of the year to spend more time with his grandchildren.
(Kristen Hays/Houston Chronicle)

Enterprise sells Gulf of Mexico pipeline business for $1.5 billion

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The deal will send 1,100 miles of crude oil pipeline, 1,200 miles of natural gas pipeline and interest in six offshore hub platforms from Houston’s Enterprise to Genesis, which is also based in Houston.
NEWBURG, MD - JUNE 29: Two white ducks walk along the Beach at Aqualand Marina as emissions spew out of a large stack nearby at the coal-fired Morgantown Generating Station on the Potomac River on June 29, 2015 in Newburg, Maryland. Today the U.S. Supreme Court ruled against the Environmental Protection Agency's (EPA) effort to limit certain power plant emissions -- saying the agency "unreasonably" failed to consider the cost of the regulations.  (Photo by Mark Wilson/Getty Images)

Power plant operators say they’ve cut carbon emissions ahead of EPA’s Clean Power Plan

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The “Benchmarking Air Emissions” report, which examined the nation’s 100 largest electric power producers, comes in advance of the final proposal of the so-called Clean Power Plan from the the Environmental Protection Agency to reduce greenhouse gas emissions from existing power plants.
(AP Photo/Matthew Brown, File)

Natural gas surpasses coal as biggest U.S. electricity source

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Power companies have been installing more natural gas turbines at plants, with new regulations that restrict the emission of greenhouse gasses has added new pressure to make the switch.
(Photographer: Andrey Rudakov/Bloomberg)

Shell U.S. unit may drop ‘oil’ from name in sign of times

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With Shell Oil Co.’s parent focusing more on natural gas and looking at other energy alternatives, the oil in the name “is a little old-fashioned, I’d say, and at one point we’ll probably do something about that,” Marvin Odum, director of the company’s upstream Americas business, said Thursday at the Toronto Global Forum.
Exelon Corp. will use GE gas turbines, like the one pictured above, in its Texas plants. (GE)

Exelon expanding gas-fueled power plants near Houston, Fort Worth

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The projects, which are roughly $750 million each, will triple the amount of power production at Exelon’s Colorado Bend Generating Station in Wharton, which is about 45 miles southwest of Houston. The second 1,000-megawatt expansion is for the Wolf Hollow Generating Station outside of Fort Worth.