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Texas Governor Addresses Skyrocketing Energy Bills

Gonce Takes Onshore Helm at Danos

Danos has promoted Justin Gonce to onshore general manager, the Louisiana-based service company reported late last week. “Justin is a great addition to our production and projects business,” Daryl Rousse, Danos’ vice president of production operations, remarked in a written statement emailed to Rigzone. “His experience complements what is already a strong team in these areas.” In his new role, Gonce will oversee Danos’ production services teams in the Eagle Ford, Marcellus, and Permian basins, the firm stated. The company added that Gonce will also head its project services team in the Permian. Gonce, who joined Danos last year, advances from his previous role as the company’s executive account manager for shale operations. In that role, he supported business development across multiple service lines in the Permian, Eagle Ford, Marcellus and other U.S. shale basins, the firm explained. A Texas A&M graduate, he holds two decades of experience in sales and business dev

US Crude to Help Set Global Oil Benchmark from 2022

Gas Traders Recall Wild Week

by Bloomberg |Monday, February 22, 2021 Spot natural gas price spikes were triggering truly outsized demands. (Bloomberg) The urgent phone calls came over the holiday weekend: traders of natural gas needed more money, and fast. Temperatures were starting to plummet across the central U.S. Prices for the heating fuel had skyrocketed 300-fold to levels nobody had thought possible. This would later prove to be the precursor of one of the worst energy crises the nation had seen, plunging millions into darkness for days amid a deadly deep freeze. But on Saturday, traders in the relatively small and obscure world that is the physical gas market were singularly focused on one very big problem: exchanges were demanding more collateral because of the volatility. The traders had until Tuesday to come up with the cash or else they’d be forced to exit their positions and, in some cases, face potentially catastrophic losses.

Green New Deal Backer Faces Bumpy Interior Confirmation

Deb Haaland s opposition to fracing, early endorsement of the Green New Deal, and participation in oil pipeline protests have raised concerns. (Bloomberg) Interior Secretary-designate Deb Haaland’s opposition to fracking, early endorsement of the Green New Deal and participation in protests against an oil pipeline in South Dakota have made her one of President Joe Biden’s most controversial cabinet nominees. Haaland, a Democratic representative from New Mexico, will face questions about those and other positions during a confirmation hearing Tuesday, with some Republicans already warning she’s unlikely to get their support. “I have serious concerns with Rep Haaland’s radical views and support for the Green New Deal,” Senator Steve Daines, a Montana Republican and member of the Energy and Natural Resources Committee vetting her nomination, tweeted after a meeting with Haaland. “Unless my concerns are addressed, I will not only oppose her confirmation for Interior, I

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