Natural Gas Plants to Meet Permian Basin Power Demand The Permian Basin will soon gain two natural gas power plants as Texas braces for rising energy demand. Vistra announced this week that it plans to invest $950 million to build two facilities with a combined capacity of 860 megawatts. That output will provide enough electricity …
Category: General
Solar Becomes EU’s Largest Energy Source in 2025
Solar Power Dominates Europe’s Energy Mix Solar energy has reached a historic milestone in Europe. According to Eurostat, solar generated 122,317 GWh in the second quarter of 2025, accounting for 19.9% of the EU’s electricity mix. In June 2025, solar officially became the largest source of electricity in the EU, producing 22% of the total …
Crude oil prices hit 16 week low while natural gas prices jump 5%
Crude oil prices dropped Wednesday to a 16-week low following the U.S. government shutdown. While the shutdown affected some trading, traders also had more worries about the planned output increase next month by OPEC+ members. Brent crude dropped 68 cents or 1.0% to close at $65.35 a barrel while West Texas Intermediate crude …
U.S. sees increase in crude oil supplies
Crude oil stocks grew across the U.S. in the past week while the amount of oil in storage at Oklahoma’s Cushing Hub fell 200,000 barrels. The latest report from the U.S. Energy Information Administration indicated the Cushing Hub’s total crude oil in storage went from 23.7 million barrels the week of September 19 …
Unit Corporation sells drilling subsidiary to Cactus Drilling in $120 million deal
Tulsa’s Unit Corporation announced Wednesday its sale of its drilling subsidiary in a $120 million agreement with Cactus Drilling Company, L.L.C. It was an all-cash deal to selling Unit Drilling Company and approved by Unit’s board of directors. “Divesting our contract drilling business allows us to sharpen our strategic focus on our upstream …
Fall brings ‘falling’ gasoline prices in Oklahoma and other states
The arrival of fall in Oklahoma not only produced a changing of the colors of trees but lower gasoline prices too. AAA Oklahoma reports the statewide average fell 5 cents in the past week from $2.68 a gallon to $2.63 per gallon for regular. A month ago, the state’s average was $2.78, meaning …
ONE Gas to Announce Q3 2025 Earnings Results
ONE Gas Reports Strong Second Quarter Tulsa-based ONE Gas Inc. (NYSE: OGS) will release its third quarter 2025 earnings after markets close on Monday, Nov. 3. The company will also host a conference call with analysts and investors on Tuesday, Nov. 4 at 10 a.m. CST (11 a.m. EST). The live webcast will be available …
Caddo County Saltwater Leak Linked to Cattle Deaths
Saltwater leaking into a creek might have been what caused the deaths of 25 head of cattle earlier this month in Caddo County, Oklahoma. Corporation Commission investigators discovered the saltwater was purging into Five Mile Creek from a site two miles upstream from the farmer’s livestock. The Commission asked two oil-and-gas operators close …
Energy Briefs: U.S. Nuclear, Grid Upgrades and Global Trends
Rising Nuclear Investment in the U.S. Bloomberg Intelligence predicts nuclear power will see $350 billion in U.S. spending through 2050, boosting reactor output by 63%.The U.S. Energy Department is also considering diverting plutonium from nuclear weapons stockpiles to support power plants. Major Grid Expansion Plans California-based PG&E Corp announced plans to spend $73 billion by …