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Jerry Jones’ natural gas company ‘hits jackpot’ as Texas freeze drives up prices

Jerry Jones’ natural gas company ‘hits jackpot’ as Texas freeze drives up prices

2:31 PM on Feb 17, 2021 CSTThe Frisco-based natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S., leaving millions without power.Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units.Gas from Comstock’s Haynesville wells was sold on the spot market for between $15 and $179 per...

February 17, 2021
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A big Texas shale explorer warns it’ll stop drilling if state imposes production caps

A big Texas shale explorer warns it’ll stop drilling if state imposes production caps

7:00 AM on Apr 15, 2020 CDTOne of the biggest Texas shale explorers warned it will halt all drilling if the state imposes OPEC-style production caps, raising the stakes in a debate over a contentious proposal to arrest free-falling oil prices.The stark pronouncement from Diamondback Energy Inc.’s finance chief stunned observers of Tuesday’s virtual hearing by the Texas Railroad Commission, which oversees oil output in the Lone Star state. At issue was whether the state should restrict crude output for the first time in roughly 50 years.The proposal has deeply divided an industry already...

April 15, 2020
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Electricity retailer Griddy’s unusual plea to Texas customers: Leave now before you get a big bill

Electricity retailer Griddy’s unusual plea to Texas customers: Leave now before you get a big bill

7:20 PM on Feb 15, 2021 CSTSome retail power companies in Texas are making an unusual plea to their customers amid a deep freeze that has sent electricity prices skyrocketing: Please, leave us.Power supplier, Griddy, told all 29,000 of its customers that they should switch to another provider as spot electricity prices soared to as high as $9,000 a megawatt-hour. Griddy’s customers are fully exposed to the real-time swings in wholesale power markets, so those who don’t leave soon will face extraordinarily high electricity bills.“We made the unprecedented decision to tell our customers —...

February 16, 2021
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Biden campaign pledges to release results of all future coronavirus tests the Democrat takes

Biden campaign pledges to release results of all future coronavirus tests the Democrat takes

8:43 PM on Oct 3, 2020 CDTDemocratic presidential nominee Joe Biden’s campaign is committing to releasing the results of all future COVID-19 tests the candidate takes.Biden spokesman Andrew Bates said in a prepared statement Saturday evening that the former vice president is tested “regularly.” But before President Donald Trump’s coronavirus diagnosis earlier this week, Biden had not disclosed full details of his testing protocol or the results of each test.Biden told reporters Saturday in Wilmington, Del., that he was not tested earlier in the day but would be tested Sunday morning. His...

October 4, 2020
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