Newsletter No. 182
Good afternoon,
As we approach the 25th anniversary of September 11, I want to begin by remembering the lives lost, the families who still carry that loss, and the first responders and everyday Americans who showed extraordinary courage that day and in the days that followed. Twenty-five years later, it is still a moment that asks us to remember, to be grateful, and to value the strength that comes from standing together.
Today also marks one year since the assassination of Charlie Kirk. As we remember his life, his faith, and the impact he had on so many people, I’m reminded of the words of Matthew 25:23: “Well done, good and faithful servant.” Our thoughts and prayers remain with his family and all those who continue to feel his loss.
This week’s energy stories are a reminder of how connected our world has become. Ukraine struck Russia’s key Black Sea oil port at Novorossiysk, U.S. Energy Development Corp. continued to add assets in the Permian, and natural gas is becoming a bigger part of the conversation around powering data centers and AI.
Each of these stories is different, but together they show how closely energy, infrastructure, and global events are tied to everyday life.
Keep reading this week’s The Upside for a closer look at the stories shaping the energy market.
This Week's Headlines
Oil and Gas News
- Saudi Attacks Push Oil Above $100
- Natural Gas is Becoming the Power Behind AI
- Ukraine Hits Russia’s Key Black Sea Oil Port
What's Happening at King
- Upcoming Q4 Market Outlook Featuring John Mauldin
- Continuing Tax Webinar Series Featuring Tax Strategist Ed Lyon
- Oil & Gas Rundown LIVE! If you Missed It
Move to Watch
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U.S. Energy Keeps Buying in the Permian
Oil and Gas News
Saudi Attacks Push Oil Above $100
Fresh attacks on Saudi Arabian energy facilities are adding another layer of risk to an already tight global oil market. Several facilities in southern Saudi Arabia were hit Tuesday, causing fires, injuries and temporary shutdowns.
Saudi Aramco’s 400,000-barrel-per-day Jazan refinery has also been targeted multiple times as fighting with the Houthis intensifies. That refinery is especially important because Saudi Arabia has been moving more barrels toward the Red Sea as an alternative to shipping through the Strait of Hormuz.
The market is paying attention. Brent crude was approaching $110 a barrel Thursday, while WTI moved above $100.
This is bigger than one refinery or one attack. The world depends on the Middle East for a significant amount of its oil supply, and we are seeing risks build around multiple key shipping routes and production centers at the same time. When you have this much geopolitical uncertainty layered onto a tight energy market, it does not take a major supply disruption to move oil prices quickly.

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Happening at King
Upcoming Q4 Market Outlook Featuring John Mauldin
Join King Chief Economist John Mauldin and King SVP Rachel Griffith for a timely look at the economic trends, market forces, and global developments that could shape the final months of 2026. Get John’s perspective on what investors should be watching as we head into the fourth quarter and prepare for year-end.
Date: Monday, September 14, 2026
Time: 11 a.m. CT
Register Here
Upcoming Tax Webinar Series Featuring Tax Strategist Ed Lyon
Planning ahead can make a big difference when it comes to taxes. Join Tax Strategist Ed Lyon and King SVP Rachel Griffith for a three-part webinar series focused on practical tax strategies for high-income professionals, business owners and investors.
Rethink Your Tax Strategy
Date: Tuesday, October 13, 2026
Time: 2 p.m. CT
Register Here
Don't Miss this Oil & Gas Rundown LIVE!
Join us live every Wednesday at 2 p.m. CT for Oil & Gas Rundown LIVE, where we break down the latest headlines, market moves, and industry developments shaping oil and gas in real time. It’s a chance to stay current on up-to-the-minute energy news, hear sharp insights on what matters most, and get a clearer view of where the market may be headed. Whether you follow the industry closely or just want a smart, timely update each week, this is a conversation you won’t want to miss.
YouTube: @JayRYoungOfficial
LinkedIn: jayr-young
Learn More about how King Operating Corporation is helping develop the energy America needs for the future.
Move to Watch
U.S. Energy Keeps Buying in the Permian
U.S. Energy Development Corp. has already completed about $550 million in acquisitions and joint ventures this year, adding 175 wells across Texas, New Mexico, North Dakota and Wyoming.
About 95% of that activity has been concentrated in the Permian Basin, especially the Delaware. The company is targeting a mix of producing assets and future drilling inventory, with its ideal deal made up of roughly 60% to 70% production and 30% to 40% undeveloped locations.
What stands out to me is the amount of capital still looking for quality oil and gas assets. U.S. Energy expects to deploy about $1 billion this year and potentially $1.1 billion to $1.4 billion in 2027.
They have reviewed more than 500 opportunities this year alone. That tells you the A&D market is active, buyers are being selective, and proven production with development upside continues to attract serious capital.
All the best,
Jay





