West Texas — known for producing 40% of the nation’s crude oil — also has an extraordinary amount of natural gas that could power those data centers. But the region lacks adequate infrastructure to convert the gas, a byproduct of pumping oil, into electricity and transmit it to the growing industry, experts said.
Oil prices edged higher on Tuesday even as investors weighed the global supply outlook after Iraq and Kurdish regional governments reached a preliminary agreement to restart an oil pipeline. Brent crude futures rose 14 cents to $66.71 a barrel, while U.S. West Texas Intermediate crude gained 21 cents at $62.49 a barrel.
Curious Minds Corner
What is the start date of drilling a well officially called?