OklahomaMinerals.com

Featured
Latest
Popular

Oil & Gas News

Faster Decline Rates Challenge Energy Security Worldwide

International

Canada Bets Big on LNG Export Capacity Growth

Energy

Natural Gas and Batteries Anchor Data Center Growth

210

Acquisitions

$550MM Canvas Acquisition Expands Diversified Energy’s Oklahoma Footprint

323

Featured Article

Snippets

☕️What Else is Brewing Wednesday Morning
Norway divests from Caterpillar over Palestine demolitions. The...
Norway divests from Caterpillar over Palestine demolitions. The world’s largest sovereign wealth fund is selling off its ~$2.1 billion stake in US equipment-maker Caterpillar, it announced this week, citing Israel’s documented use of its bulldozers to destroy Palestinian homes in the West Bank and Gaza. The fund’s independent ethics council said, “Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law” with the help of the US government, which buys the machinery and sells it to Israel. The White House, Israel, and Caterpillar didn’t immediately comment. Amid mounting public and political pressure, Norway’s wealth fund has divested from more than 20 Israeli companies this year in an ongoing ethics review, but Caterpillar is the first major US company to get the boot.

ExxonMobil and Russia’s biggest state energy company held talks about the former resuming business in the country after the 2022 exodus of US trade partners.

OpenAI was sued by the family of a teenager who died by suicide, saying ChatGPT was to blame for the death.

Social Security’s chief data officer said DOGE uploaded a file with the private information of 300 million Americans to an unsecured cloud in June.

Powerball is offering its seventh-biggest prize ever tonight—$815 million—after no one won the grand prize on Monday night.

Cracker Barrel announced it would revert to its old logo after its update sparked an uproar.

Apple will hold an event on Sept. 9 to reveal the iPhone 17 lineup.
Read More
US Oil and Products See Draw Across the Board
The American Petroleum Institute (API) estimated that crude oil...
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, dropping by 974,000 barrels in the week ending August 15. Analysts had expected a larger 1.7-million-barrel draw.

So far this year, crude oil inventories are up 6.8 million barrels, according to Oilprice calculations of API data.

Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 800,000 barrels to 404.2 million barrels in the week ending August 22.

Gasoline inventories fell by 2.060 million barrels in the week ending August 22. As of last week, gasoline inventories were 1% below the five-year average for this time of year, according to the latest EIA data.

Distillate inventories fell this week by 1.488 million barrels after rising by 500,000 barrels in the week prior. Distillate inventories were already 13% below the five-year average as of the week ending August 15, the latest EIA data shows.

Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—fell by 497,000 barrels in the week, after falling by 100,000 barrels in the week prior.
Read More
DAILY OIL PRICE: August 26, 2025
Crude Oil: 63.25 (-1.55)....
- Crude Oil: 63.25 (-1.55).
- Nymex MTD AVG: 64.1146.
- Natural Gas: 2.717 (+0.021).
- Gasoline: 2.1223 (-0.0260).
- Spreads: September/October (+0.45) October/November (+0.34).
- Plains WTI Posting: 59.73 (-1.55).
Read More
Dow ends up over 130 points, S&P 500 and Nasdaq finish higher as investors shake off Fed independence concerns
U.S. stocks finished higher on Tuesday afternoon in quiet...
U.S. stocks finished higher on Tuesday afternoon in quiet trading as investors appeared unfazed after President Donald Trump attempted to oust Federal Reserve governor Lisa Cook from the central bank’s board, underscoring rising concerns over the Fed's independence when it comes to monetary policy.

The Dow Jones Industrial Average rose 135.60 points, or 0.3%, to end at 45,418.07, according to FactSet data.

The S&P 500 was up 26.62 points, or 0.4%, to finish at 6,465.94.

The Nasdaq Composite popped 94.98 points, or over 0.4%, ending at 21,544.27
Read More
Next Permian NatGas Egress Pipeline Eiger Express Hits FID
A WhiteWater-led joint venture (JV) has reached a final investment decision...
A WhiteWater-led joint venture (JV) has reached a final investment decision (FID) on the latest natural gas pipeline project out of the Permian Basin.

The JV announced Aug. 25 that the Eiger Express Pipeline, a 2.5 Bcf/d, 450-mile line is expected to be in service around the middle of 2028.

The line will connect to Permian Basin networks and transport natural gas to the Katy area on the west side of Houston. WhiteWater said the line will take its supply from gas processing plants in the Midland and Delaware basins via the Agua Dulce Pipeline, another WhiteWater JV that includes Enbridge and MPLX.

The ownership of the Eiger was structured so that some of the JV partners of the Matterhorn Express Pipeline, the Permian’s newest natural gas egress system, were able to buy larger stakes in the newer project.

Read More