Author: Rigs & Barge World
ALBUQUERQUE, N.M., March 6, 2025 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2025, to shareholders of record at the close of business March 31, 2025.Background:TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the…
U.S. Rig Count Rises – Baker Hughes – Oil Gas Leads Sign-up to receive a free weekly rig report CLOSE Source link
A comprehensive overview of spot and futures gas and LNG prices, alongside exporter netbacks across key regions. Source link
Oil advanced after a US government report reinforced expectations of tighter near-term supplies, injecting some bullishness about the market’s fundamentals. West Texas Intermediate futures rose 0.9% to approach $70 a barrel and notch the highest closing price this month. US inventories fell by 3.34 million barrels last week and now sit at the lowest levels in about a month, US government data showed. Gasoline inventories also dropped. The gain underscores a sharp reversal in sentiment in a market that had taken a bearish lurch to start the month. Traders have been snapping up bullish oil options as US President Donald…
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ — PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).The stipulation supports approval of PNM’s proposed resource portfolio adding 450 megawatts (MW) of new solar and battery storage capacity in 2028 to serve customers and continue progress towards the zero-carbon requirements of New Mexico’s Energy Transition Act, including:extension of a Valencia Purchase Power Agreement (PPA) for 167 MW through 2039 (current agreement expires in 2028),addition of 300 MW capacity through Energy Storage Agreements (ESAs) for two,…
Drilling Activity Analysis of TG Natural Resources (2024 vs. 2025) – Oil Gas Leads Sign-up to receive a free weekly rig report CLOSE Source link
Coterra Energy’s Row Development Strategy: Enhancing Efficiency and Profitability in the Permian Basin – Oil Gas Leads Sign-up to receive a free weekly rig report CLOSE Source link
ALBUQUERQUE, N.M., March 26, 2025 /PRNewswire/ — TNMP, the wholly-owned Texas subsidiary of TXNM Energy, Inc. (NYSE: TXNM) received approval from the Public Utility Commission of Texas (PUCT) for its recent Transmission Cost of Service (TCOS) application.On March 25, 2025, the Public Utility Commission of Texas (PUCT) approved TNMP’s Application for Interim Update of Wholesale Transmission Rates through a TCOS filing. The approved annual rate increase of $11.5 million recovers $83.5 million of incremental transmission rate base. The associated rates became effective upon approval.The filing can be found at https://www.txnmenergy.com/investors/rates-and-filings/tnmp-puct-filings.aspx.Background:TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New…
The CEOs of Vitol, Trafigura and Gunvor are in no hurry to return to a country they withdrew from after the Ukraine invasion. Source link
The EU continues to be in a difficult position to access sufficient supplies ahead of the upcoming new LNG supply wave and diversify its suppliers to reinforce its security of supplies. However, the bloc remains precariously close to repeat its past mistakes, as it does not have many viable supply options available. Source link