Post Tagged with: "natural gas"

Source: Houston Chronicle

Solar and wind power can’t compete with gas this cheap

Houston Chronicle This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within a generation — if natural gas doesn’t get in the way. It just may. Gas is such a bargain that it’s being viewed less as a bridge fossil fuel, driving the world away from dirtier coal toward a clean-energy future, and more as a hurdle that could slow the trip. Some forecasters predict prices will stay low for years, making it tough for states, cities and utilities to achieve their goals of being zero-carbon in power production by 2050 or earlier. “The fact that there’s an abundance of it makes the move to complete decarbonizaton much harder,” says Ravina Advani, head of energy, natural resources and renewables at BNP Paribas[Read More…]

he new Sky Global Power One power plant west of Houston in Rock Island uses new technology from General Electric that stacks together natural gas-fired generation sets. The project includes six of GE's "J920

Fight to stop gas-powered generation plant may be futile

The Middletown Press “ISO-New England estimates that some 7,000 megawatts of electricity from higher-polluting coal- and oil-fired plants will be retired in the near future – creating a need for [NTE’s] cleaner, more efficient power,” Eves said. “To halt the Killingly project at this point would compromise power supply and reliability not just for the state of Connecticut but the entire New England region,” he said.   A coalition of activists is waging war against a gas-fired electric power plant to be built in Killingly, a forested town nestled along the Rhode Island border. The climate change protesters have held rallies and demanded a moratorium on gas-fueled plants, including this one. They have warned that new fossil fuel-powered plants will doom global efforts to keep temperature hikes at a sustainable level. And they called on Gov. Ned Lamont to stop the plant — although it’s not clear he has that power. Despite the uprising,[Read More…]

EIA expects U.S. net natural gas exports to almost double by 2021

EIA expects U.S. net natural gas exports to almost double by 2021

EIA EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.   In its Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 billion cubic feet per day (Bcf/d) in 2020 (2.0 Bcf/d higher than in 2019) and 8.9 Bcf/d in 2021. Growth in U.S. net exports is led primarily by increases in liquefied natural gas (LNG) exports and pipeline exports to Mexico. Net natural gas exports more than doubled in 2019, compared with 2018, and EIA expects that they will almost double again by 2021 from 2019 levels. The United States trades natural gas by pipeline with Canada and Mexico and as LNG with dozens of countries. Historically, the[Read More…]

Source: Houston Chronicle

Exporting natural gas creates carbon footprint rivaling that of coal, data shows

Houston Chronicle In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved. The president has greenlit 11 projects so far, bringing the U.S. total to 18. Environmentalists once touted the fuel, nicknamed “freedom gas” by the Trump administration, as a better energy alternative, but an analysis shows the plants’ potential carbon dioxide emissions rival those of coal. Not all the export terminals are completed and in use, but if they were, simply operating them could spew 78 million tons of CO₂ into the air every year, according to data compiled by Bloomberg from environmental filings. That’s comparable to the emissions of 24 coal plants(3), or 18 gigawatts of coal-fired power—more than Kentucky’s entire coal fleet. And those numbers don’t account for the[Read More…]

January 23, 2020 - 11:00 am Closing Bell Story, Energy News, ESG, LNG, Natural Gas News
New electric generating capacity in 2020 will come primarily from wind and solar

New electric generating capacity in 2020 will come primarily from wind and solar

EIA EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions. According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions. Wind accounts for the largest share of these additions at 44%, followed by solar and natural gas at 32% and 22%, respectively. The remaining 2% comes from hydroelectric generators and battery storage. Wind. Operators have scheduled 18.5 GW of wind capacity to come online in 2020, surpassing the record level of 13.2 GW set in 2012. More than 60%, or 11.2 GW, of wind capacity is scheduled to come online at the end of the year, in November and December of 2020, which is[Read More…]

Source: Reuters/Sergio Moraes

Investors cheer falling production costs at Brazil’s Petrobras

Reuters RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a month. In its third-quarter results released on Thursday night, the company said production costs in a key offshore oil area known as the “pre-salt” fell 20% from the previous quarter to around $5.03 per barrel. In a call with analysts, Exploration and Production Director Carlos Alberto de Oliveira said costs could be slightly higher next quarter thanks to the ramp-up of the P-70 platform and other one-off factors, likely bringing costs back near $6 per barrel. Still, analysts were encouraged by the cost savings and overall financial results, which were roughly in line with expectations. Analysts at Banco BTG Pactual SA called the production cost figures “impressive,” adding that the[Read More…]

Dominion Energy and Smithfield Foods invest $500 million in Renewable Natural Gas

Dominion Energy and Smithfield Foods invest $500 million in Renewable Natural Gas

Dominion Energy and Smithfield Foods invest half billion dollars in Align Renewable Natural Gas(SM) (RNG) joint venture to become largest renewable natural gas supplier in U.S. Dominion Energy (NYSE:D) and Smithfield Foods, Inc. announced today the companies are doubling their investment in renewable natural gas (RNG) projects across the U.S. to $500 million through 2028. This additional investment will expand their Align Renewable Natural GasSM joint venture beyond its initial projects in North Carolina, Virginia and Utah, to pursue new projects across the country, including in Arizona and California. Dominion Energy and Smithfield Foods formed Align RNG in November 2018, committing $250 million over 10 years to capture methane from Smithfield’s company-owned and contract hog farms and convert it into clean RNG. With the additional $250 million investment announced today, the companies will produce enough RNG to power more than 70,000 homes and businesses by 2029. Align RNG’s first project in Milford, Utah, will be operational this year and will produce enough RNG to power more than 3,000[Read More…]

October 23, 2019 - 11:48 am Closing Bell Story, Renewable Energy
Iran claims $40B natural gas discovery

Iran claims $40B natural gas discovery

Iran says it discovered natural gas deposit worth $40B Iran announced that it has discovered a natural gas field with about $40 billion of condensed gas. The National Iranian Oil Company said Sunday that the newly found deposit holds about 385 million barrels of fuel, the Middle Eastern country’s official news agency IRNA reported. We have the potential to identify more undiscovered oil and gas reserves by using geophysical exploration techniques and discovery drilling and will definitely add to Iran’s national wealth, NIOC Deputy Managing Director Reza Dehghan said in a news conference. The Eram National Gas Field, as it has been dubbed, is some 124 miles south of the southern Iranian city of Shiraz, and holds up to 19 trillion cubic feet of gas. The gas deposit was discovered at a depth of almost 13,000 feet and should be under production for some 16 years. The discovery comes as the[Read More…]

October 14, 2019 - 9:10 am Closing Bell Story, Crude Oil News, International
Source: Tallgrass Energy

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal letter from Blackstone Infrastructure Partners (stock ticker: BX) on Tuesday, offering to acquire all of the outstanding Class A shares of Tallgrass’ stock not already owned by Blackstone and its affiliates. At a price of $19.50 per share, Blackstone’s offer would represent a 35.9% premium over Tallgrass’ closing price on August 27, and a premium of approximately 12% to its volume weighted average price during the last 30 calendar … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Repsol Sinopec Brazil, Ouro Negro and PUC-Rio Expand Technological Partnership

Repsol Sinopec Brazil, Ouro Negro and PUC-Rio Expand Technological Partnership

From World Oil Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells. “The proposal is to have a tool that enables the detection of cement anomalies in the adjacent layer and not only in the layer closest to the tool, as occurs in the case of solutions that are currently available in the marketplace, thus avoiding the removal of the production tubing to perform this operation,” explains Támara García, Research and Innovation Manager at Repsol Sinopec Brazil. Put more simply, while the current technology allows one to ‘see’ the integrity of the cement only when it is closer to the tool, the solution that will be developed by the three partners will make it possible to have a powerful ‘vision’, going beyond a[Read More…]

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360 BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business in the state to Hilcorp Alaska, a subsidiary of Hilcorp Energy Company, for a total consideration of $5.6 billion. Under the terms of the two companies’ agreement, Hilcorp will first pay $4.0 billion near-term, followed by $1.6 billion through an earnout thereafter. Assets being divested as a result of the transaction include: Upstream: Prudhoe Bay, 26% interest (operator: BP) Milne Point, 50% interest (operator: Hilcorp) Point Thomson, 32% interest (operator: ExxonMobil) Libe… Login or click here to subscribe

President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors, has stepped down, effective August 26, 2019. “We thank Paul for his leadership over the last several years, and his contributions in our efforts to drive shareholder value. The timing of this transition coincides well with the board’s evaluation of the company’s strategy,” said Mark T. Behrman, a member of Panhandle’s board since 2017. “Panhandle is making an expl… Login or click here to subscribe

Source: CatholicVoices.org

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

From Reuters Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion. The deal announced by President Andres Manuel Lopez Obrador and the head of state-run power utility the Federal Electricity Commission (CFE) at a news conference will reduce what Mexico pays the firms to transport natural gas, the government said. The months-long dispute has caused diplomatic frictions with Canada in particular, aggravating concerns that Lopez Obrador, a veteran leftist who took office in December, could call into question contracts signed before he assumed the presidency. Flanked by Mexican industry leaders, including billionaire Carlos Slim, the country’s richest man, Mexico’s president championed the deal as a win for the public which would give certainty to investors and encourage growth. “To be very clear, we won because the rates[Read More…]

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Tamarack Valley Energy, Ltd. Announces Minneapolis Stop on Non-Deal Roadshow

Tamarack Valley Energy, Ltd. Announces Minneapolis Stop on Non-Deal Roadshow

Tamarack Valley Energy, Ltd.  (TSX – TVE), is an oil and gas company whose return-focused growth strategy targets the drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. The Company announced that it will make a stop in Minneapolis on its US non-deal roadshow (“NDR”) on Monday, September 9, 2019. You can review Tamarack Valley Energy’s company financial profile and analytics HERE. Tamarack’s attractive asset portfolio is focused in the Cardium and Viking light oil plays in Alberta and Saskatchewan.  Tamarack has assembled an extensive low-risk drilling inventory which offers paybacks of less than 1.5 years and can achieve sustainable growth under low commodity price scenarios. With an experienced and committed management team, Tamarack is well positioned to continue maximizing shareholder returns while responsibly managing the balance sheet. Given investors recent uncertainty and caution in the energy sector, Tamarack believes the time is[Read More…]

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As a result of the transaction, Genscape will become a part of Verisk subsidiary Wood Mackenzie, which focuses on research and consultancy across various natural resource sectors. Currently, Genscape operates a private network of in-field monitors, in addition to distributing alternative energy data and delivering market intelligence to companies dealing in oil, … Login or click here to subscribe

Source: ExxonMobil

ExxonMobil Partners with Carbon Capture Company

By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The carbon capture technology being researched by Mosaic uses porous, crystalline solids – known as metal organic frameworks (MOFs) – to separate CO2 from air or flue gas. The MOFs function like sponges, selectively capturing only specific gases from a complex mixture of substances, removing CO2 from emissions before it is ever able to reach … Login or click here to subscribe

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

From The Houston Chronicle A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County. The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease off FM 885 a few miles south of Runge around 3:45 a.m. Saturday, the Karnes County Sheriff’s Office reported. Crews brought the fire under control in about three hours time. No injuries were reported but 11 homes were temporarily evacuated. The cause of the fire remains under investigation but Karnes County Sheriff Dwayne Villanueva said the blaze is believed to have started by an static electricity discharge aboard a drilling rig belonging to the oilfield service company Nabors. Located in a rural area of the county, a bright fireball from the blaze created a glow that could be seen for miles in the early morning darkness. “If you’ve ever seen[Read More…]

Courtesy of Enbridge

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

From Reuters Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies. TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas projects. The split is expected to be final in the first half of 2020. The spin-off comes nearly three years after Technip merged with rival FMC Technologies, creating a leading London-based offshore services company with combined revenue of $20 billion. That deal closed near the nadir of an oil-price crash, when U.S. crude futures fell to about $26 a barrel and prompted cutbacks in spending on new offshore oil and gas development projects. Shares of TechnipFMC rose more than 6% before paring gains to 4.3% shortly before the close. Company[Read More…]

Paal Kibsgaard (source: Schlumberger Limited)

Former Schlumberger CEO Recommended for Chairman Role at Borr Drilling

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling board of directors recommends appointment of Paal Kibsgaard as chairman The board of directors for Borr Drilling Limited (stock ticker: BORR), an international drilling contractor based out of Bermuda, has recommended former Schlumberger (stock ticker: SLB) CEO Paal Kibsgaard be appointed as the company’s new chairman, following a unanimous decision from the nominating committee. The election will take place at Borr’s annual general meeting, to be held on September 27, 2019. Kibsgaard will replace Fredrik Halvorsen as a member of the board, who will be resigning as a director effective September 1, 2019. Tor Olav Troim will continue to serve as the company’s vic… Login or click here to subscribe

Source: Enverus

Drillinginfo Announces Name Change

By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of three elements that the company believes best represents its corporate philosophy: the energy industry (EN); clarity and truth (VER); and partnership, collaboration, people and humanity (US). Screenshots showing some of the analytical tools that Enverus provides (source: Enverus) “This business was started by ‘oilpatch kids’ in 1999 … Login or click here to subscribe

World Powers Increasingly See Icy Arctic as a Hot Property

World Powers Increasingly See Icy Arctic as a Hot Property

From AP News From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, with a high rate of substance abuse and suicide. One scientist called it the “end of the planet.” When U.S. President Donald Trump floated the idea of buying Greenland, it was met with derision, seen as an awkward and inappropriate approach of an erstwhile ally. But it might also be an Aladdin’s Cave of oil, natural gas and rare earth minerals just waiting to be tapped as the ice recedes. The northern island and the rest of the Arctic aren’t just hotter due to global warming. As melting ice opens shipping lanes and reveals incredible riches, the region is seen as a new geopolitical and economic asset, with the U.S.,[Read More…]

Source: CatholicVoices.org

Mexican President Pushes Hopes for Pipeline Deal into Next Week

From Reuters Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution. “It’s going well, that business,” Lopez Obrador told reporters at his regular morning news conference after the latest round of talks with companies on Wednesday. “And I expect that next week a deal will be reached.” The dispute over contracts signed under the last government involves firms including Canada’s TC Energy Corp, Mexico’s Grupo Carso, a company controlled by billionaire Carlos Slim, and IEnova, a Mexican unit of U.S. business Sempra Energy . Earlier this week, Lopez Obrador said an agreement might be possible as soon as this Thursday on the dispute, which has caused diplomatic tension with Canada in particular.     State-run power utility the Federal Electricity Commission (CFE) has driven[Read More…]

Source: Solaris Water Midstream

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360 H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from Sabalo Energy LLC, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling services for the company. The Sabalo assets, which consist of more than 37 miles of pipeline, nine salt water disposal wells, four Ellenburger salt water disposal well permits and several third-party interconnects, are located adjacent to H2O Midstream’s existing operations in Howard county, Texas. Additionally, t… Login or click here to subscribe

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the Cochin Pipeline system from Kinder Morgan Inc. (stock ticker: KMI) for a total purchase price of CAD $4.35 billion. The transaction values Kinder Morgan Canada at approximately CAD $2.3 billion, or CAD $15.02 per share, and the Cochin Pipeline at CAD $2.05 billion for cash consideration. As a result of the deal, Pembina’s board of directors has… Login or click here to subscribe

Source: Ashtead Technology

Forum Energy Technologies Sells Ashtead Technology

By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority interest-owner Buckthorn Partners and other investors. Total consideration for Forum’s stake, as well as a 3 million British pound sterling (GBP) loan provided to Ashtead by Forum, will be $47.8 million. At close, Forum will receive approximately $39 million in cash proceeds, in addition to a new, approximately GBP 7 million loan with thr… Login or click here to subscribe

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring. U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia last year to become the world’s biggest petroleum producer, according to the Energy Department. Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases from a single country in history, the EIA said. It’s another sign that the U.S. is quickly moving toward energy independence or as Trump likes to call “energy dominance.” American oil producers pumped out nearly 11 million barrels a day of crude oil, a 17 percent jump from the year before and a new record for the[Read More…]

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow. School officials had expected enrollment to fall after the last oil price crash, starting in 2014, but it kept rising – one sign of a growing resilience in the region’s oil economy as Exxon Mobil (XOM.N), Chevron (CVX.N) and other majors continue pouring billions of dollars into long-term investments here. For most of the last century, oil money has flowed into this region like a rising tide during booms – but residents here had enough sense to know it would flow right back out again when the next bust hit. That cycle has always made officials, developers and voters wary of investing too much during the good times on everything from school construction to[Read More…]

Source: Cameron LNG

Cameron LNG Commences Commercial Operations

By Tyler Losier, Energy Reporter, Oil & Gas 360 Train 1 of Sempra’s Cameron LNG project commences commercial operations Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train 1 of its Cameron LNG liquefaction-export project in Hackberry, Louisiana. Previously, Sempra’s Cameron LNG facility had shipped its first commissioning cargo at the end of May of this year. The Cameron LNG facility (source: Cameron LNG) “This is an exciting moment for Cameron LNG and for Sempra Energy,” said Carlos Ruiz Sacristan, chairman and CEO of Sempra North American Infrastructure. “Cameron LNG is exporting liquefied natural gas (LNG) to customers in the… Login or click here to subscribe

Source: Park Energy Services

Park Energy Services Appoints New President and COO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tim Knox to serve as Park Energy Services’ new president and COO Park Energy Services, a portfolio company of private equity firm Rock Hill Capital, has appointed Tim Knox as president and chief operating officer, effective August 19. “We are very excited to announce the addition of Tim Knox to the team,” said John Seldenrust, chairman and CEO of Park Energy Services. “As Park Energy continues to exceed our growth objectives, we knew Park needed someone with Tim’s caliber and experience to continue our drive to build the leading wellhead horsepower compression company in the industry.” Knox has more than 28 years of experience in the natural gas compression industry, 15 of wh… Login or click here to subscribe