![]() ![]() Click the upvote icon at the top of the page to help raise this article through the indy100 rankings. "I think it's an asset that has just sort of languished for a long time but has incredible potential, although obviously myself and the other investors are overpaying for Twitter right now," he added. In a letter, Musk agreed to pay the full price.ĭespite a tumultuous few months, Musk said he's "excited about the Twitter situation," during a recent Tesla earnings call. Twitter then sued him in Delaware Chancery Court to force the deal to go through. In April, the billionaire agreed to buy the company for $54.20 a share – which he later changed his mind about in July, citing bot and spam issues. Musk has a day to complete it, after a Delaware judge issued him the October 28 deadline or could face trial over the contract. Gas output in the Haynesville shale field in Arkansas, Louisiana and Texas where Chesapeake and Comstock are dropping rigs, also is on track to reach fresh highs in March and April, according to the EIA.“Entering Twitter HQ – let that sink in!” - Elon Musk Musk)Īt the time of writing, the closing of the deal has not yet been made official. drillers have 160 rigs seeking gas up 16% from a year ago, according to data from Baker Hughes Co (BKR.O). When operating at full power, Freeport LNG, which shut after a fire in June 2022, consumes about 2% of total U.S. liquefied natural gas (LNG) exports now that Freeport LNG’s export plant in Texas has returned to production after an eight-month outage. That usage drop comes despite an expected 14% increase in U.S. gas usage, including exports, will ease to 107.3 bcfd this year from a record 107.4 bcfd last year due to expected declines in domestic consumption from residential, commercial, industrial and power generation customers. gas production remains on track to hit 100.67 billion cubic feet per day (bcfd) this year, up from last year’s record 98.09 bcfd, according to the U.S. consumption and constrained LNG export options,” said Stephen Ellis, an energy strategist at Morningstar Research Services LLC. “Gas prices are begging the market to cut back on supply, amid falling U.S. time sink Some task, activity, or endeavor that consumes a lot of ones time. gas futures were down by 50% in the first quarter of 2023, at $2.22 per mmBtu, they are not low enough to forestall output gains, say analysts. Gas from the Permian also has climbed to record highs every month this year. Energy Information Administration (EIA) data. The Permian basin of Texas and New Mexico, the nation’s biggest shale field, is hitting record monthly highs in oil output this year, according to U.S. “This production is unlikely to decline given current oil prices.” gas production is associated gas – produced from oil wells,” said Jacques Rousseau, a managing director at research firm ClearView Energy Partners LLC. But gas that comes up with oil will continue to rise in the biggest shale fields. inventories to reach record highs before next winter’s heating season.īig gas producers including Chesapeake Energy Corp (CHK.O) and Comstock Resources Inc (CRK.N) are reducing their drilling. storage, meanwhile, sits about 21% higher than is normal for this time of year, and that surplus will set up U.S. gas futures have collapsed by about 50%, a record drop for a quarter, on rising output and mostly mild weather so far this winter that kept heating demand low and allowed utilities to leave more gas in storage than usual.īut there is little chance of stopping output from continuing to grow. (Here, 'a' is a modifier.) a group of them. (In this example, 'the' is a modifier.) a cat. (gives relationship between dishes and sink) 2) The girl in the red shirt is my little sister. More examples of adjective phrases: 1) Please wash the dishes in the sink. Announcement is a noun, so this is an adjective phrase. To let that sink in means to actually think about what. The point of this phrase is simply to focus on what someone else is saying more than it would typically be done without the use of this term. It can also mean to let more information enter your mind and become clearer. ![]() ![]() In these examples of noun phrases, the noun is shaded. telling us the relationship between the class and the announcement. Let that sink in can mean to make you consider something more deeply. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some producers have cut drilling to stave off further convulsions. A noun phrase is a group of two or more words headed by a noun that includes modifiers. ![]()
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