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• Shutdown Delays Flights
  Over 9,000 flights were delayed Monday and...

  Over 9,000 flights were delayed Monday and Tuesday at U.S. airports due to air-traffic control staffing shortages during the federal government shutdown, Transportation Secretary Sean Duffy confirmed. The FAA noted a slight uptick in sick leave requests among controllers.

  
  

  The system faces critical understaffing, with 10,800 controllers versus the 14,633 needed. Nashville International Airport experienced delays exceeding two hours Tuesday, while Hollywood Burbank Airport shut down air-traffic operations entirely for several hours due to insufficient staff.

  
  

  Controllers are essential workers required to work without pay during shutdowns. Union officials warned the situation could discourage new recruitment for the already-pressured profession. FAA shortages worsen.

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• LandBridge Buys Delaware Basin Surface Acres for $250MM
  LandBridge Co. inked...

  LandBridge Co. inked a deal to acquire 37,500 surface acres in West Texas from 1918 Ranch & Royalty LLC.

  
  

  The deal includes 22,000 fee surface acres, 12,000 leasehold surface acres and 3,500 surface acres held under a long-term management agreement. The assets are in Loving, Reeves, Winkler and Ward counties, Texas.

  
  

  The total purchase price is $250 million, comprising $208.3 million in cash and $41.7 million in equity units of the acquiring company, LandBridge stated in a regulatory filing.

  
  

  The deal provides LandBridge with additional pore space to support its produced water handling infrastructure. Sister company WaterBridge Infrastructure is one of the largest produced water handlers and recyclers in the Delaware Basin.

  
  

  LandBridge said the acreage is also being positioned to support alternative energy development, which is being sited near current and planned transmission infrastructure.

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• Minerals company skyrockets after White House buys 10% stake
  If you hadn’t heard of Trilogy Metals, now you have. After the Trump...
  If you hadn’t heard of Trilogy Metals, now you have. After the Trump administration said it was investing $35.6 million in Trilogy to boost US supply of critical minerals from Alaska, the company’s stock ballooned by more than 200%. Trump’s investment and approval of mining permits reverse the Biden administration’s rejection of the project over environmental concerns. China remains the world leader in critical minerals, producing nearly 70% of its supply of rare earths, per CNBC.
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• ☕️What Else is Brewing Wednesday Morning
  Tesla unveiled a cheaper version of the Model Y. The...
  Tesla unveiled a cheaper version of the Model Y. The more affordable version of its top-selling car will cost $39,990 (11% cheaper than the base model), which the automaker hopes will counteract the loss of the US’ tax incentives to buy EVs. Tesla enjoyed a record quarter in Q3 as consumers rushed to purchase electric vehicles before the $7,500 tax credit expired, but it’s now expected to struggle due to a decline in demand. Investors have long hoped that the company would introduce a lower-priced version of its signature car and were alarmed when CEO Elon Musk instead prioritized robots and self-driving tech, according to Bloomberg.
  
  Johnson & Johnson was ordered to pay $966 million in damages to the family of a woman who died from mesothelioma, after a jury found the company liable in a lawsuit alleging its talc baby powder products cause cancer.
  
  AppLovin is being investigated by the SEC over its data collection practices, Bloomberg reported.
  
  BMW cut its profit forecast for the year amid continued weak demand in China.
  
  Pam Bondi, the US attorney general, testified before the Senate Judiciary Committee in a “fiery” oversight hearing.
  
  Renewable energy overtook coal as the world’s biggest source of electricity for the first time, per a report from the think tank Ember.
  
  Marty Supreme, an upcoming film about a table tennis star in 1950s NYC, is being hailed by critics for actor Timothée Chalamet’s “best performance yet.”
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• DAILY OIL PRICE: October 7, 2025
  Crude Oil: 61.73   (+0.04)....
  
  
  • Crude Oil: 61.73   (+0.04).
  
  
  • Nymex MTD AVG: 61.1886.
  
  
  • Natural Gas: 3.498   (+0.141).
  
  
  • Gasoline: 1.8939   (-0.0077).
  
  
  • Spreads: November/December (+0.41)     December/January (+0.26).
  
  
  • Plains WTI Posting: 58.21   (+0.04).
  
  

  
  Source: Odessa American
  
  
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