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.
As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.
Supporters of a south Louisiana flood control board’s lawsuit against scores of oil and gas companies over erosion of coastal wetlands announced plans Thursday to fight legislation they say could undermine not only the lawsuit but the political independence of the board.
Support for lifting restrictions on U.S. energy exports is gaining momentum in Congress. Recently, members of the House Energy and Commerce Committee put their support behind the growing chorus to lift restrictions on U.S. energy exports. They join Senators Murkowski and Landrieu, the ranking member and now-chair of the Senate Energy and Natural Resources committee. […]
Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate households won’t have […]
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