The last 12 days have been monumental for the Bayou City -- on top of tree, house, boat and car damage, Ike rendered us with the city's greatest --I mean -- worst power outage in history. For those without power, many are angry and feeling desperate at this point. Centerpoint Energy has announced that most of its 495,000 customers who are currently powerless should have power by this weekend, but for individual homes without power that aren't connected to widespread power outages, it may be a few more weeks or even months before the power comes back on. Seeing Houston, the Energy Capital of the World, mostly without energy, has been intriguing. Not only were most people without electricity in their homes last week, but their offices were also without power. Business slowed and is only now regaining momentum. People are once again growing accustomed to "real food" instead of cans of soup heated by makeshift candle cookers or granola bars. The lines at the grocery store and gas stations are back to normal. Tolls have been free the last couple weeks, but drivers on Houston's Beltway 8 will have to start paying up again come Saturday. Houston's energy is almost back -- in more ways than one.
2024-02-22 - Chord Energy said Feb. 21 it will acquire Enerplus Corp. for nearly $4 billion in a stock-and-cash deal to potentially create the largest producer in the Williston Basin.
2024-02-21 - Occidental CEO Vicki Hollub said plans to divest non-core Permian assets would come after closing the pending acquisition of CrownRock — but reports have since emerged that the company is considering selling its share of Western Midstream Partners, valued at about $20 billion, according to Reuters.
2024-02-20 - Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
2024-02-20 - Occidental is reportedly considering a sale of pipeline operator Western Midstream Partners as the E&P works to close a $12 billion deal in the Permian Basin.
2023-12-18 - As Occidental spends $12 billion to add scale in the Midland Basin, analysts wonder if the E&P will divest assets in the Gulf of Mexico, the Rockies or other parts of its portfolio.