May 9, 2024
Finance

Why Texas has too much natural gas

A natural gas (NG=F) glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year. At West Texas’s key trading spot, the Waha Hub, prices have been negative for the majority of March and into April, according to government data released this week. That means producers

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Funds

Texas orphan well backlog grows, even as federal funds flow

An old oil well leaks salt water and oil on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer Hawk Dunlap shows a stick, reeking of crude oil after dipping it until an improperly plugged well on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer That should have been enough to plug an additional 800 oil wells beyond

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