With much of drought-stricken Texas being ravaged by wildfires, the energy industry has its eyes on infrastructure that could be threatened by flames and potential production shut-ins. However, production volumes from fire-afflicted Texas counties “seem unaffected so far,” Bentek Energy LLC said in a note Friday.
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Wildfires Menace Texas Production
With much of drought-stricken Texas being ravaged by wildfires, the energy industry has its eyes on infrastructure that could be threatened by flames and potential production shut-ins. However, production volumes from fire-afflicted Texas counties “seem unaffected so far,” Bentek Energy LLC said in a note Friday.
Price Plunges Largest in Blackout-Stricken Northeast
As anticipated, the one-two punch of a larger-than-expected storage injection and what is believed to be the largest-ever power blackout punished cash prices Friday. Declines ranged from about 15 cents to more than half a dollar, with a majority of points dropping 30 cents or more. Northeast citygates predictably racked up most of the largest losses.