Colin Watson, vice president of energy finance at the Bank of Texas in Dallas, discussed the current emphasis E&Ps have on maintaining liquidity in the current first-lien, low oil price environment. Companies sometimes are buying assets aggressively at cheaper values, but capital spending must remain within cash flow. Watson was interviewed at the recent NAPE Summit in Houston.
Simmons Energy analysts reveal that unconventional shale is “showing signs of stress” as E&Ps disclose performance-related reserve writedowns.
Peyton Creek at 151 MW will bring U.S. total generation capacity to 4 GW mark.
Last year, Iberdrola sold a stake in a solar thermal plant in south-central Spain, leaving it with no solar capacity in its home country.