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- 🛢️ Texas Coal Plant Goes Green
Good morning, here's what the OilPatch Team has for you today:
Texas Coal Plant To Turns Solar
A coal power plant is being turned into a solar installation with batteries.
It’s only going to cost $1.4 billion.
A small price to pay for removing all the emissions coal generates.
Doing a deep dive on Sage Geosystems' Earthstore well in Atascosa Co, TX. Sage announced the project in Aug '24, and has now drilled the well. They entered into a land use deal with San Miguel Electric Cooperative, and the well is offset to their Christine, TX coal power plant.
— Ken Day (@kenwday)
6:33 AM • Jan 5, 2025
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Fixed-Rate Returns for Accredited Investors
How does it work?
You purchase a bond from ROX Energy Capital
You are now a bondholder with the right to receive a 10% fixed annual return — payable monthly.
ROX Energy Capital Buys Working Interests
Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these “non-op" working interests for the life of the asset.
You get paid
Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.
Learn more at ROX Energy Capital
U.S. LNG Exports End 2024 at Record High
LNG exports from the Gulf Coast hit an all-time high in 2024.
The total for the year reached 88.3 million tons.
In December alone, exports surged to 8.5 million metric tons.
They’re set for more growth this year as well.
In 2023, the United States exported a total of 91.2 million tons of LNG, surpassing Qatar and Australia to become the world's largest LNG exporter, with these liquefied gases mainly flowing to the United Kingdom and the European Union.
This explains why the US GDP in 2023… x.com/i/web/status/1…
— DaiWW (@BeijingDai)
9:19 AM • Jan 4, 2024
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Tweet of the Day
Dads heading into the office today to finally get some peace and quiet.
— Aubrey___K (@Aubrey___K)
2:48 PM • Jan 6, 2025
Thanks for reading today’s Oil Patch!
Stay oily, my friend.
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