PA on “Shortlist” to Host OpenAI’s $5B Stargate Data Center Proj
Two weeks ago, MDN brought you the news about a mind-blowing announcement from the White House that OpenAI (ChatGPT), SoftBank, and Oracle have pledged to spend $500 billion (with a “b”) to build new data centers to support artificial intelligence (see AI, Data Centers Go Mainstream – Big Do at WH re $500B Investment). The project is called Stargate. One of the states that will host some of these new Stargate data centers is Texas—there’s already one under construction in the Lone Star State. However, word has come that the Pittsburgh area in Pennsylvania is on the “short list” as one of a select few locations to host Stargate data centers. Can you imagine the billions that would flow into the state? Read More “PA on “Shortlist” to Host OpenAI’s $5B Stargate Data Center Proj”
Yesterday, Rising Phoenix Capital, an investment firm specializing in oil and gas royalty acquisitions, announced the launch of the La Plata Peak Income Fund, a $20 million royalty fund. Rising Phoenix is looking for investors to buy into the fund. Once the company hits its target (maybe before), it will go on the hunt for mineral rights and royalty rights to buy from individuals and companies. Rising Phoenix’s royalty division has previously done a number of deals in the Marcellus/Utica (
The oil and gas business is still a great place to get a job. A high-paying job. However, knowing what kinds of companies to contact and what kinds of jobs are available at those companies can be a challenge. Rigzone President Chad Norville recently highlighted some of the latest U.S. oil and gas hiring trends his organization has noticed. He says larger producers are taking a “wait and see” approach to new hiring right now, but medium and smaller producers are fast-tracking new projects and actively hiring. So perhaps focus your search on the medium and smaller producers. 
The chickens are coming home to roost for Venture Global, an LNG export company that uses loopholes and excuses to avoid selling LNG cargoes to the companies that signed contracts to buy those cargoes. The company recently launched an initial public offering (IPO), hoping to raise $2.3 billion (see 
As we reported yesterday, Chris Wright, now-former CEO of Liberty Energy (big fracking company), was confirmed on Monday to be the new Secretary of Energy (see 
Energy Sec. Chris Wright’s opening day directive (yesterday) to employees at the DOE got a fair bit of media attention (see today’s companion post). A day earlier, Lee Zeldin, the new Administrator of the Environmental Protection Agency, issued a similar directive to EPA employees. Zeldin announced the agency’s “Powering the Great American Comeback Initiative,” to achieve the agency’s mission while energizing the greatness of the American economy. The plan includes five pillars that will guide the EPA’s work over the first 100 days and beyond. The mainstream media has been completely silent on Zeldin’s plan. No coverage that we could find. 
MARCELLUS/UTICA REGION: Con Ed proposes massive rate hikes that could increase energy bills by $154/month; NATIONAL: USAID, using our money, funded the war against fossil energy using NGOs; Trump is looking for ways to cancel $400 billion in clean energy loans; INTERNATIONAL: OPEC+ Damocles sword hanging over shale oil producers; Large unexpected crude build sinks oil prices; OPEC drops U.S. EIA as a secondary source assessing oil production; LNG shipping rates plunge on increasing vessel availability; The real reason behind Trump’s Gaza decision: natural gas; Quebec willing to rethink natural gas pipeline project.