Energy Secretary Chris Wright made a stop in the heart of Texas oil country Monday to talk about how critical energy production in Midland is to the Energy Dominance Agenda. Wright says the Permian Basin’s oil production has increased about 250% since 2016.
In its latest short term energy outlook (STEO), which was released this month, the U.S. Energy Information Administration (EIA) lowered its average Henry Hub spot price projections for both 2026 and 2027.
Curious Minds Corner
What is the purpose of gas flaring?
To burn off excess natural gas, often for safety or operational reasons.