by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain in more than three months as mounting pressure on Russia to end its war in Ukraine muddies the outlook for exports from the OPEC+ member, with algorithmic traders adding momentum to the rally. Global benchmark Brent advanced to settle above $70 […]| OklahomaMinerals.com
West Texas holds a treasure trove of natural gas that could become a critical power source for artificial intelligence data centers, but industry leaders warn the region is not yet prepared to meet the opportunity. Despite its dominance in oil output, the Permian Basin lacks the pipeline capacity, transmission networks, and power generation facilities needed […]| OklahomaMinerals.com
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[energyintel.com] A data center boom in the US is straining the grid and pushing up energy costs. Meeting demand will require every available resource, but one solution lies in wasted natural gas. Capturing fugitive methane could supply an important part of the new demand, cut emissions, and support energy security. The US is facing a […]| OklahomaMinerals.com
Data centers across the United States are increasingly grappling with one of the most pressing challenges facing the digital economy: securing reliable electricity. With grid interconnection queues stretching for years, developers are looking to temporary yet scalable solutions. Bridge power, a mix of natural gas generators and large-scale batteries, is emerging as a critical tool […]| OklahomaMinerals.com
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a move that deepens its operating footprint in Oklahoma and strengthens its portfolio of producing assets. The transaction brings approximately 23 high-quality producing wells into Diversified’s portfolio, alongside a significant expansion of acreage positions that complement the company’s existing operations in the […]| OklahomaMinerals.com
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production are poised to strike one state more than any other: New Mexico. Congress this year cut federal oil and gas royalty rates by 25 percent, reducing the income that states earn for leased mineral rights on public lands in their territory. […]| OklahomaMinerals.com
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic drop in gasoline supply placed a five-year pause on Gov. Gavin Newsom’s penalty on oil industry profits Aug. 29. The decision is a blow to Newsom’s legislation aimed at penalizing the oil industry for allegedly driving up the state’s gas prices in 2022. […]| OklahomaMinerals.com
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply boost natural gas and hydropower generation capacity as they are cutting back on plans to add new solar and wind farms, according to recent data on the U.S. power capacity pipeline. As of mid-2025, U.S. power developers had just over 114,000 […]| OklahomaMinerals.com
