Texas Expands Natural Gas Development with New Loan Agreement Texas reached its third Texas Energy Fund loan agreement to boost natural gas development. NRG Energy, Inc. signed the agreement with the state to build a 721 MW natural gas power plant at its Cedar Bayou Generating Station in Chambers County outside Houston. This new plant …
OpenAI’s Stargate AI Data Center Expansion With Texas
OpenAI’s Massive Data Center Expansion OpenAI revealed a major expansion plan for artificial intelligence infrastructure this week, anchored by a massive new data center in Abilene, Texas. The site is part of the company’s $500 billion Stargate project, a joint venture with Oracle and SoftBank, promoted directly by President Trump. The Abilene complex will consist …
Permian Basin in Texas to get two more power plants
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 …
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 …
