Arkansas
EXCLUSIVE Exxon to sell Arkansas shale gas assets to Flywheel Energy
HOUSTON, Aug 26 (Reuters) – Exxon Mobil Corp (XOM.N) has reached an settlement with Flywheel Vitality to promote to the carefully held U.S. oil and fuel producer pure fuel properties in Arkansas, an Exxon spokesperson confirmed on Friday.
The sale of Exxon’s Fayetteville Shale property brings the biggest U.S. producer nearer to a purpose of promoting $15 billion in non-core properties to deal with extra profitable prospects. The worth of the proposed deal couldn’t be instantly realized.
U.S. fuel costs and properties have grown in demand this yr with world demand for the gasoline hovering over the battle in Ukraine. U.S. fuel futures on Friday settled at about $9.30 one million British thermal items, up 160% yr to this point. learn extra
Register now for FREE limitless entry to Reuters.com
“The sale advances Exxon Mobil’s technique to focus investments on advantaged property,” Exxon spokesperson Julie King instructed Reuters.
Flywheel Vitality didn’t instantly reply to requests for touch upon the settlement signed with XTO Vitality, a subsidiary of Exxon. Flywheel is headquartered in Oklahoma Metropolis and is backed by Kayne Anderson Personal Vitality Revenue Funds.
The property beneath settlement embody roughly 5,000 pure fuel wells – 850 operated and roughly 4,100 non-operated – and associated pipeline and processing properties throughout roughly 381,000 acres.
Exxon’s XTO Vitality unit had acquired the Fayetteville property in 2010 for $650 million throughout a shale growth that reshaped the U.S. vitality panorama. King declined to touch upon pricing, saying the phrases of the transaction are confidential.
The sale is topic to regulatory and different approvals. It’s anticipated to shut earlier than the top of October, King stated.
The oil big disclosed plans to supply its Fayetteville and different U.S. shale property outdoors of the Permian Basin in 2020. Final yr it actively resumed its divestment program as vitality costs recovered from the pandemic-induced droop.
Exxon has been dumping initiatives in Asia, Africa and Europe for offshore Guyana and Brazil and shale oil within the Permian Basin of West Texas and New Mexico.
Earlier this yr, it offered North Texas shale property to Denver-based BKV, a fuel producer majority-owned by Thai vitality agency Banpu PCL (BANPU.BK), for $750 million. learn extra
Register now for FREE limitless entry to Reuters.com
Reporting by Sabrina Valle in Houston; Modifying by Leslie Adler
Our Requirements: The Thomson Reuters Belief Rules.
Arkansas
Former Arkansas House Speaker dies
JONESBORO, Ark. (KARK/KAIT) – Former Arkansas House Speaker Benny Petrus has died at the age of 67.
According to our content partner KARK, Petrus died Friday, May 17.
Petrus served as a Democratic member of the Arkansas House of Representatives from 2002 until 2009. He served as House Speaker from 2007 to 2009.
Petrus was a successful Stuttgart businessman who owned several car dealerships.
He is survived by his wife and two children.
To report a typo or correction, please click here.
Copyright 2024 KAIT. All rights reserved.
Arkansas
Houston cleans up as heat risk climbs | Arkansas Democrat Gazette
HOUSTON — As the Houston area works to clean up and restore power to hundreds of thousands after deadly storms left at least seven people dead, it will do so amid a smog warning and rising temperatures that could pose health risks.
National Weather Service meteorologist Marc Chenard said on Saturday that highs of about 90 degrees were expected through the start of the coming week, with heat indexes likely approaching 100 degrees by midweek.
“We expect the impact of the heat to gradually increase … we will start to see that heat risk increase Tuesday into Wednesday through Friday,” Chenard said.
The heat index is what the temperature feels like to the human body when humidity is combined with the air temperature, according to the weather service.
“Don’t overdo yourself during the cleanup process,” the weather service’s Houston office said in a post on the social platform X, formerly known as Twitter.
The Houston Health Department said it would distribute 400 free portable air conditioners to area seniors, people with disabilities and caregivers of disabled children to contend with the heat.
Five cooling centers also were opened — four in Houston and one in Kingwood.
The widespread destruction of Thursday’s storms brought much of Houston to a standstill. Thunderstorms and hurricane-force winds tore through the city, and a tornado touched down near the northwest Houston suburb of Cypress.
More than a half-million homes and businesses in Texas remained without electricity by midday Saturday, according to PowerOutage.us. Another 21,000 customers were also without power in Louisiana, where strong winds and a suspected tornado hit.
CenterPoint Energy, which has deployed 1,000 employees to the area and is requesting 5,000 more, said power restoration could take several days or longer in some areas, and that customers need to ensure their homes can safely be reconnected.
“In addition to damaging CenterPoint Energy’s electric infrastructure and equipment, severe weather may have caused damage to customer-owned equipment” such as the weatherhead, which is where power enters the home, the company said.
High-voltage transmission towers that were torn apart and downed power lines pose a twofold challenge for utility companies because the damage affected transmission and distribution systems, according to Alexandria von Meier, a power and energy expert who called that a rare thing. Damage to just the distribution system is more typical, von Meier said.
Harris County Sheriff Ed Gonzalez reported late Friday that three people died during the storm, including an 85-year-old woman whose home caught fire after being struck by lightning and a 60-year-old man who had tried to use his vehicle to power his oxygen tank.
Houston Mayor John Whitmire previously said at least four other people were killed in the city when the storms swept through Harris County, which includes Houston.
School districts in the Houston area canceled classes Friday for more than 400,000 students and government offices were closed.
Houston Independent School District Superintendent Mike Miles said Saturday that he hoped to reopen schools on Monday, but that is dependent upon the restoration of electricity in school buildings.
In light of the storm damage, Harris County Judge Lina Hidalgo and Whitmire both signed disaster declarations, paving the way for state and federal storm recovery assistance.
A separate disaster declaration from President Joe Biden makes federal funding available to people in seven Texas counties that have been affected by severe storms, straight-line winds, tornadoes and flooding since April 26.
Information for this article was contributed by Jamie Stengle, Valerie Gonzalez and Lisa Baumann of The Associated Press.
Arkansas
Arkansas to play Alabama or South Carolina at SEC Tournament | Whole Hog Sports
COLLEGE STATION, Texas — The Arkansas baseball team will play either Alabama or South Carolina first at the SEC Tournament next week in Hoover, Ala.
The Razorbacks (43-12) are the No. 2 seed at the tournament by virtue of winning the SEC West. They will play the second quarterfinal game Wednesday at approximately 1 p.m.
The Crimson Tide and the Gamecocks will play a single-elimination game Tuesday at approximately 1 p.m.
Alabama (33-21) is the No. 7 seed after tiebreakers with four other teams that finished with an SEC record of 13-17. South Carolina (33-21) was also included in the tiebreaker and is the No. 10 seed.
The Crimson Tide were the highest seeded of the five teams that were tied in the standings. That was because Alabama was the only team to win a series against the highest-seeded common opponent, top-seeded Tennessee.
South Carolina earned the No. 10 seed over LSU due to results against Arkansas. The Gamecocks went 1-2 against the Razorbacks on April 19-20, while Arkansas swept LSU in March.
The Razorbacks defeated South Carolina 2-1 in the series opener in Columbia, S.C. The Gamecocks won 6-3 in the first game of an April 20 doubleheader and Arkansas won the finale 9-6.
Alabama lost 5-3 to the Razorbacks in the series opener. The Crimson Tide won the final two games of the series by scores of 4-3 in 10 innings and 5-0. That series was played in Tuscaloosa, Ala., on April 12-14.
The Arkansas-Alabama-South Carolina grouping will be paired against a grouping of Kentucky-Georgia-LSU in the quarterfinal round.
The Razorbacks will play at least two games in Hoover. The quarterfinals are a double-elimination round that are scheduled Wednesday through Friday.
The semifinal and final rounds revert to a single-elimination format.
SEC Tournament Schedule
Tuesday (First Round)
Game 1: No. 6 Georgia vs. No. 11 LSU
Game 2: No. 7 Alabama vs. No. 10 South Carolina
Game 3: No. 8 Vanderbilt vs. No. 9 Florida
Game 4: No. 5 Mississippi State vs. No. 12 Ole Miss
Wednesday (Quarterfinals)
Game 5: No. 3 Kentucky vs. Game 1 Winner
Game 6: No. 2 Arkansas vs. Game 2 Winner
Game 7: No. 1 Tennessee vs. Game 3 Winner
Game 8: No. 4 Texas A&M vs. Game 4 Winner
Thursday (Quarterfinals)
Game 9: Game 5 Loser vs. Game 6 Loser
Game 10: Game 7 Loser vs. Game 8 Loser
Game 11: Game 5 Winner vs. Game 6 Winner
Game 12: Game 7 Winner vs. Game 8 Winner
Friday (Quarterfinals)
Game 13: Game 9 Winner vs. Game 11 Loser
Game 14: Game 10 Winner vs. Game 12 Loser
Saturday (Semifinals)
Game 15: Game 13 Winner vs. Game 11 Winner
Game 16: Game 14 Winner vs. Game 12 Winner
Sunday (Championship)
Game 17: Game 15 Winner vs. Game 16 Winner
-
World1 week ago
India Lok Sabha election 2024 Phase 4: Who votes and what’s at stake?
-
News1 week ago
Skeletal remains found almost 40 years ago identified as woman who disappeared in 1968
-
Politics1 week ago
US Border Patrol agents come under fire in 'use of force' while working southern border
-
Politics1 week ago
Tales from the trail: The blue states Trump eyes to turn red in November
-
World1 week ago
Borrell: Spain, Ireland and others could recognise Palestine on 21 May
-
World1 week ago
Catalans vote in crucial regional election for the separatist movement
-
World1 week ago
Europe matters to consumers, and so does your vote
-
Politics1 week ago
North Dakota gov, former presidential candidate Doug Burgum front and center at Trump New Jersey rally