Saturday, March 22, 2025

El Nino Sucks the Wind out of Electricity, Propane and Heating Oil Demand

Electricity Demand for Heating Down 6% Nationwide in 2015 Above-average winter temperatures caused by a strong El Nino pushed total U.S. heating degree days (HDD) to their lowest point in at least the last eight years. Fewer cold days meant less demand for heating fuels like propane and heating oil, which saw demand decrease by 16% and 45%, respectively, while

Colorado Oil: Adams County Commissioners Vote to Put in a Temporary Moratorium on Oil & Gas Permit Applications- Oil & Gas 360

Swift Energy Exits Chapter 11 after 115 Days

Swift Energy finalizes plan to forgive $905 million in debt following Chapter 11 Swift Energy announced today that the company is emerging from bankruptcy following the completion of its financial restructuring. Under the terms of the company’s plan to reorganize, roughly $906 million of the company’s senior debt and “certain other unsecured claims” were exchanged for 88.5% of the post-emergence