Matador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin Presence
(Reuters) – Matador Resources said on Thursday it would buy privately held Paloma Permian from EnCap Investments for about $1.28 billion, adding high-quality drilling assets in the oil-rich Delaware Basin.…
Soccer World Cup Helped Lift US Jet Fuel Demand to Record Last Week, EIA Data Shows
(Reuters) – U.S. jet fuel demand hit a record high last week as soccer fans thronged to New York and New Jersey to watch Spain take on Argentina in the…
Southern Co Unit Signs 25-Year Power Deal With OpenAI
July 22 (Reuters) – Southern Company’s (SO.N) subsidiary said on Wednesday it has signed a 25-year power supply agreement with OpenAI for a new project in Effingham County, Georgia. AI’s…
Trump Set to Expand Power Cost Pledge on Data Centers
By Tim McLaughlin, Laila Kearney and Jarrett Renshaw Pledge expansion to be announced at a White House event Patchwork of US grids already under severe strain FERC set to examine…
AMERICAN ENERGY SNAPSHOT: A Gas-Price Lever Washington Already Holds
By What if we told you that something was adding upward pressure to the price of every gallon of gasoline sold in the United States, and it has nothing to…
US War in Iran Has Cost $37.5 Billion So Far, Pentagon Says
The United States’ war in Iran has cost $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, an increase of nearly $8 billion since the last public…
Halliburton Tumbles on Tepid Revenue Forecast, Middle East Recovery Warning
July 21 (Reuters) – Halliburton shares fell more than 6% on Tuesday after the U.S. oilfield services provider forecast weaker third-quarter revenue and flagged uncertainty about the pace of recovery…
Trump Says U.S. Ready to Respond if Houthis Impose Red Sea Blockade
U.S. President Donald Trump on Tuesday said the United States would respond if Yemen’s Iran-aligned Houthi movement follows through on its threat to impose a blockade on commercial shipping in…
Oil Climbs Over 4% to Near Six-Week High as Conflict Threatens Key Oil Transit Routes
By Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: US military carries out 11th successive night of attacks on Iran Three tankers carrying Saudi crude…
Coal Sector Urges Trump Administration to Provide Financing for Existing, New Power Plants
By WASHINGTON, July 21 (Reuters) – A coal council that advises the Trump administration urged the U.S. Department of Energy on Tuesday to provide financial support including loan guarantees and…
