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• N.M.'s economy flourishes amid oil boom
  New Mexico could register a revenue surplus of $3.5 billion...
  New Mexico could register a revenue surplus of $3.5 billion in the July 2024-June 2025 fiscal year thanks to a booming oil and natural gas industry, state economists project. A more than twofold increase in annual production over the past five years has turned the state into the nation's second-largest oil producer.
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• Clearfork completes Haynesville gas capacity expansions
  Clearfork Midstream has expanded the gathering and treating capacity of its Holly System in the ...
  Clearfork Midstream has expanded the gathering and treating capacity of its Holly System in the Haynesville Shale of North Louisiana by 65% to around 1.25 Bcf/d since February 2022, benefiting producers in the Haynesville and Bossier plays. The expansions involve new pipelines on both the east and west sides, along with increased treating and compression capacity.
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• US Central states, Texas in danger of power shortages in heat wave
  Two U.S. electric grids may not have enough power to meet demand plus required reserves on Thursday as...
  Two U.S. electric grids may not have enough power to meet demand plus required reserves on Thursday as homes and businesses crank up their air conditioners to escape a brutal heat wave blanketing Texas and other U.S. Central states.
  
  The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers, urged residents to voluntarily conserve power on Thursday as it expects a "reserve capacity shortage with no market solution available."
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• EIA Reports Below Average Storage Report
  The U.S. Energy Information...
  The U.S. Energy Information Administration reported on Thursday that U.S. natural gas supplies in storage rose by 18 billion cubic feet for the week ended Aug. 18. That was below the average increase of 29 billion cubic feet forecast by analysts surveyed by S&P Global Commodity Insights. Total working gas in storage for the week was at 3.083 trillion cubic feet, up 513 billion cubic feet from a year ago and 268 billion cubic feet above the five-year average, the government said. September natural gas rose 2 cents for the day to $2.52 per 1,000 cubic feet.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 16 cents to $79.05 a barrel Thursday. Brent crude for October delivery rose 15 cents to $83.36 a barrel.
  
  Wholesale gasoline for September delivery rose 1 cent to $2.78 a gallon. September heating oil rose 3 cents to $3.16 a gallon. September natural gas rose 2 cents to $2.52 per 1,000 cubic feet.
  
  
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