The Permian Basin Petroleum Museum
American nonprofit organization
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business Mar 22, 2026, 1:00 AM
Natural gas prices plunge in Texas as producers burn off excess supply - Spot prices at the Waha gas trading hub in Texas fell to -$9.75 per million British thermal units, marking a historical low.
- Insufficient natural gas transportation infrastructure in the region leads to localized surpluses and negative pricing.
- Despite low gas prices, oil production remains profitable for drillers due to the high demand and prices for crude oil.
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business Jan 30, 2026, 1:11 PM
Exxon Mobil posts strong quarterly profit amidst solid production - Exxon Mobil reported an adjusted profit of $6.5 billion for the fourth quarter of 2025.
- Chevron is developing off-grid energy parks to mitigate energy costs for consumers amidst rising demand from AI.
- The success seen by Exxon Mobil illustrates the company's strong position in the changing energy market.
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2026 All rights reserved
2026 All rights reserved