Did you see the recent cover story on TIME magazine? Ethanol was once again blasted for being too expensive aad energy-inefficient, not scalable, and in fact, creating its own pollution. I still believe we will need more ethanol, and I hope in the future, it will be made from cellulosic materials more than from corn. But at the same time, the public may be less enamored of ethanol than in the past. It is getting more information all the time about the inherent limitations of ethanol (called "deathanol" by investors who have seen their ethanol-linked equities plunge on the back of a glut). "We ought to love ethanol--they run all their ethanol refineries on natural gas," quipped Larry Nichols, CEO of Devon Energy Corp., one of the nation's biggest natural gas producers. He spoke recently in Fort Worth at our largest conference ever, Developing Unconventional Gas. Nichols said corn consumes 40% more fertilizer than any other common crop, and fertilizer is made from natural gas, so that too, increases natural gas demand.
2023-12-15 - Besides consolidation, high yield bond debt refinancing and fossil fuel divestment legislation in California should be on your radar.
2023-12-22 - Diversified Energy Co.’s shares on the NYSE have been on the decline following a request for information letter on the company’s emissions and well plugging operations by four Democratic members of the House of Representatives.
2024-01-02 - Rich Dealy steps into the Pioneer Natural Resources CEO role as the Permian Basin pure-play integrates operations with Exxon Mobil in a $60 billion merger.
2023-12-28 - Chatterjee bought almost 13 million shares between Dec. 13 and Dec. 22, days after Tellurian ousted its chairman and co-founder Charif Souki.
2023-12-14 - Industry experts expect E&Ps to stick with tried and true capital discipline with lighter hedging and more credit financing.