Wednesday, January 15, 2025

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

From Bloomberg    New York-based hedge fund could reach deal for QEP in weeks    Elliott Management Corp. is in advanced talks to buy QEP Resources Inc., the oil and gas explorer it offered to buy in January, according to people familiar with the matter.  Elliott could reach a deal with the Denver-based company in within weeks, said one of the people, who asked to not be

Wisconsin Frac Sand Boom is Over: Mines Sit Dormant as Competition Grows – UW Professor

From AP/WMTV  EAU CLAIRE, Wis. (AP) — Wisconsin’s frac sand industry is grappling with several idled mines as the sector faces increased competition in Texas and Oklahoma.  University of Wisconsin-Eau Claire Professor Kent Syverson believes the region’s frac sand development boom is over. Superior Silica Sands has idled three sand mines in Wisconsin, while Hi-Crush is halting production at its mine in

A 10-Year-Old NatGas Power Plant in California Gets the Coal Plant Treatment 

From ARS Tehnica  Late last week, General Electric told a California regulator that it would close down a 10-year-old Southern California natural gas plant because it’s no longer economically competitive in California’s energy market.  The news, first reported by Reuters, is surprising because natural gas plants tend to have 30-year lifespans on average, and natural gas is currently the cheapest fossil fuel on the market today.

Cuomo’s Opposition to Natural Gas Hurts Environment: Report  

From Crain’s New York Business  The Cuomo administration’s “blockade” on new natural-gas pipelines could drive up energy costs for New Yorkers and actually increase the state’s greenhouse-gas emission, a report from the Manhattan Institute argues.  The free-market think tank points to three separate large natural-gas pipelines that have been blocked by state environmental regulators. Most recently, the state Department of Environmental Conservation denied a water quality certificate

Several stalled or presumed dead energy projects are back in the driver’s seat in 2017,

As Coal Fades in the U.S., Natural Gas Becomes the Climate Battleground 

From The New York Times  America’s coal-burning power plants are shutting down at a rapid pace, forcing electric utilities to face the next big climate question: Embrace natural gas, or shift aggressively to renewable energy?  Some large utilities, including Xcel Energy in the Upper Midwest, are now planning to sharply cut their coal and gas use in favor of clean and abundant