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Tag Archives: Coal

Exxon says oil and gas will still dominate energy in 2040

permian basin

DALLAS — The way oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the energy supply. Coal will fall behind natural gas to become the third-largest source of energy. Exxon forecasts that emerging renewables such ...

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Consol plans Utica gas well at Pittsburgh airport

Consol Energy Inc. will drill a test well into the deeper Utica shale from one of its Marcellus gas well pads on Pittsburgh International Airport property. The Cecil-based natural gas and coal producer said Tuesday it received approval from Findlay zoning officials to replace one of the 12 Marcellus wells it planned for Pad 4 at the airport with a ...

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Houston Has Highest Chance of Home Price Declines

As a whole, U.S. real estate has a low chance of experiencing a drop in prices. But energy-dependent areas are more vulnerable. Across the entire country, there is a six percent likelihood that residential home prices will decline during the next two years. While the national risk level is low, Energy Patch states — those dependent on coal, oil or ...

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Consol cuts gas spending

oil field, Kuwait, oil spill

Consol Energy Inc. again cut its budget for spending on natural gas exploration and production because of continued low prices, though it won’t rule out drilling a few new wells in 2016. The Cecil-based gas and coal producer early Wednesday announced a new capital budget plan and annual production estimates ahead of a two-day financial conference in Miami. The budget ...

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As coal demand drops, so do funding sources

Bill Rau deals in rubies and Rembrandts, and if you told him a year ago he’d be traveling to England to buy an old lump of coal, he would have called you crazy. Then he saw it — a “monumental specimen” excavated from an Italian mine in the 1890s. “I had to buy it,” he thought. “This is a museum ...

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PRC approves San Juan Generating Station plan

FARMINGTON — By a vote of 4-1, the state Public Regulation Commission on Wednesday approved a plan that allows the San Juan Generating Station to continue operating. The final PRC vote on the plan — a compromise that will bring the coal-fired power plant into compliance with federal haze regulations by shutting down two of its four generating units — ...

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Petitioners plead for coal plant closure

LAKELAND — Members of Sierra Club’s “Beyond Coal” campaign bolstered their earlier economic case to scrap Lakeland Electric’s McIntosh coal-burning Unit 3 generator with arguments for its closure. The group, part of a national campaign to wean the nation off coal, delivered 727 petitions to the City Commission calling for the 364-megawatt coal burner’s demise, presumably signed by residents in ...

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