AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its Charlie #1 well, drilled on the Edward Lease in Noble County, Oklahoma. The well was drilled to a total vertical depth of 4,725 feet on September 22. Following drilling, a full suite of wireline logs was successfully acquired, and 5½-inch casing […] The post AXP Energy Advances Noble County Mississippi Lime Development appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas power plants in the Permian Basin in response to the oil and gas industry’s growing thirst for electricity and other growth in West Texas, the Dallas-area power generation company announced Monday. The two new power plants have a combined capacity of 860 megawatts, […] The post Vistra to Build Nearly $1B in Natural Gas Power Plants as Oil and Gas Industry Electrifies appeared first on OklahomaMine...| OklahomaMinerals.com
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in the American system of private subsurface ownership. For Individual Mineral Owners, particularly those inheriting mineral rights, forward planning is paramount to preserving asset value, ensuring the interest remains viable and attractive for future leasing or sale. When or IF to sell; […] The post Tiny Decimals, Big Consequences: Mineral Rights Fragmentation in the U.S. appeared first on OklahomaM...| OklahomaMinerals.com
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil is set to lay off 2,000 workers globally as part of a long-term restructuring plan. The move adds to a wave of job cuts hitting the oil and gas industry this year. The layoffs represent about 3 to 4 percent of […] The post U.S. Energy Giant Exxon Mobil Fires 2,000 as Job Losses Rip Through Economy appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in natural gas-producing assets in the Anadarko Basin of Oklahoma. The deal gives the French major additional exposure to low-cost shale gas that is directly linked to Henry Hub through established midstream infrastructure, a vital advantage as LNG demand continues to grow. […] The post Continental and TotalEnergies Ink Major Anadarko Basin Agreement appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers and co-founders of Double Eagle Holdings, got their start in real estate development, shifting to oil and gas in 2008. They leveraged their network of businesses, built during their real estate days, to establish a capital base and acquire Eagle Ford […] The post Double Eagle Founders Still Love Their Work appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
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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President Donald Trump used his address at the United Nations General Assembly this week to issue a stark warning: if Russia refuses to end its war in Ukraine, the United States is prepared to impose what he called a “very strong round of powerful tariffs.” The remarks highlight the intersection of energy markets, geopolitics, and […] The post Trump Calls Out Europe on Russian Energy Purchases appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
Natural gas remains the leading source of electricity generation in the United States, but so far in 2025 natural gas has lost market share in the electric power sector to coal, solar and wind. Natural gas consumption in the U.S. is expected to reach record levels by the end of the year. The U.S. Energy […] The post EIA: U.S. Natural Gas Use to Hit Record in 2025 appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with the US as early as next week, as it seeks to strengthen ties with Washington from commodities to defense. The agreements could include pledges to buy more US liquefied natural gas, according to people familiar with the matter, who asked not […]| OklahomaMinerals.com
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts massive ongoing investment needs to prevent steep supply declines. The IEA projects global production would fall by more than 5 million barrels a day annually without new drilling, driven by faster depletion in shale fields. With tech now outspending oil on […]| OklahomaMinerals.com
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year on the decline after peaking at over $77 a barrel, sinking to a low of $58.21 a barrel at the end of April before rising to a range of $62.17 to $63.39 as of Sept. 10. As prices were affected by […]| OklahomaMinerals.com
[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
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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
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
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
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing backlog of requests from small oil refiners seeking relief from U.S. biofuel laws as early as Friday. Still, it will delay a decision on whether larger refiners must compensate by boosting their own biofuel blending, according to two sources familiar with […]| OklahomaMinerals.com
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Story Credit, David Wethe at Bloomberg, as reported on Business Insider.com | Shale industry legend Harold Hamm is looking ahead to the next potential breakthrough in US crude oil production. A turn toward new practices would come as site depletion becomes a growing worry for the sector while rising costs mean drillers need higher crude […]| OklahomaMinerals.com
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