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
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
The U.S. oil and gas industry is entering a period of retrenchment, marked by falling budgets, mass layoffs, and a slowdown in drilling activity. With oil prices hovering near breakeven levels for many producers and a wave of consolidation reshaping the sector, more than twenty publicly traded operators have announced capital expenditure reductions totaling about […]| OklahomaMinerals.com
