NextEra: U.S. Electricity Need is Growing Fast

by Jay Young | Investing, Oil & Gas, Tax Savings, Taxes, The Upside

Newsletter No. 114

Good afternoon,

It’s Thursday, May 1, 2025—recognized by many as "May Day," but this year, it is also a significant day for reflection as we observe the National Day of Prayer. It's a moment to pause, seek wisdom, and lift up our communities, leaders, and nation in prayer.

In this edition of The Upside, we’ll cover the latest news from the oil and gas industry, along with important updates from King. As always, my goal is to keep you informed on the trends shaping our industry. Thanks for reading.

This Week's Headlines

  • New Blog: Maximizing Tax Benefits with Oil and Gas Investments 

  • NextEra: U.S. Power Use Is Set to Surge—More Gas and Workers Needed

  • BW Energy Strikes Major Oil Find at Bourdon Prospect Offshore Gabon
  • Phillips 66 Building New Gas Plant in Texas to Boost Nat Gas Operations
  • Indian Oil to Import U.S.-Linked Natural Gas in $1.4 Billion Deal
  • NOG Buys More Land in Texas Oil Patch for $62 Million

HAPPENING AT KING

New Blog: Maximizing Tax Benefits with Oil and Gas Investments
In my latest blog on kingoperating.com, I highlight one of the most compelling advantages of oil and gas investing: the tax benefits. Investors can take advantage of immediate deductions through Intangible Drilling Costs (IDCs), long-term savings with equipment depreciation, and additional relief through the depletion allowance. These incentives are built into the U.S. tax code and remain stable, regardless of changes in trade policies or tariffs. For accredited investors looking to reduce taxable income while investing in a vital and profitable sector, our oil and gas fund offers a strong and timely opportunity. Read the full blog here.

If you'd like to talk to someone about King and are an accredited investor, you can fill out your information here or schedule a Zoom conversation with one of our SVPs here and someone will reach out.

Oil & Gas News

 

NextEra: U.S. Power Use Is Set to Surge—More Gas and Workers Needed

NextEra Energy says America’s need for electricity is growing fast—mainly because of AI and new tech like data centers. To meet this, the U.S. will need a lot more gas-powered plants by 2030. But there’s a problem: gas turbines are in short supply, and it’s hard to find enough skilled workers to build the plants. Costs have tripled, and many workers are choosing higher-paying jobs elsewhere. Even with these roadblocks, energy companies say they’re working to make sure the country has enough power.
    

Phillips 66 Building New Gas Plant in Texas to Boost Natural Gas Operations

Phillips 66 is building a new gas plant in West Texas to handle more natural gas and liquids from the busy Permian Basin. The plant, called Iron Mesa, will be up and running in early 2027 and will connect to key pipelines in the area. This is part of the company’s plan to grow its natural gas liquids (NGL) business. Phillips 66 also recently bought a company called EPIC NGL, which gives it more pipelines to move gas to the Gulf Coast. Even though it had a tough financial quarter, the company is sticking with its plan to grow in this space.

  

Indian Oil to Import U.S.-Linked Natural Gas in $1.4 Billion Deal

Indian Oil has signed a five-year deal with global trader Trafigura to buy natural gas worth up to $1.4 billion. The gas will start arriving in the second half of this year and will be priced based on U.S. market rates. The agreement covers enough liquefied natural gas (LNG) to fill about 27 ships. India is increasing energy imports from the U.S. to meet its growing power needs and balance trade with America.
      

Move to Watch

NOG Buys More Land in Texas Oil Patch for $62 Million
Northern Oil and Gas (NOG) spent nearly $62 million to buy oil and gas rights on 2,275 acres in Upton County, Texas. This deal helps the company grow its presence in the Midland Basin, a major oil-producing area. NOG is not the operator but works with partners to develop the land. In the first three months of 2025, NOG also made seven smaller deals, adding over 1,000 more acres and more wells for about $5 million. Nearly half of its wells are in the Permian Basin, where it’s putting most of its spending. Overall, NOG's oil and gas production went up 13% compared to last year.

 

Thank you for your continued support, and if you have any questions for myself or any member of the King team, please don't hesitate to reach out to us.

All the best,

Jay

15301 Dallas Parkway, Suite 900
Addison, TX 75001

(214) 420-3000

NextEra: U.S. Electricity Need is Growing Fast

by Jay Young | Investing, Oil & Gas, Tax Savings, Taxes, The Upside

Newsletter No. 114

Good afternoon,

It’s Thursday, May 1, 2025—recognized by many as "May Day," but this year, it is also a significant day for reflection as we observe the National Day of Prayer. It's a moment to pause, seek wisdom, and lift up our communities, leaders, and nation in prayer.

In this edition of The Upside, we’ll cover the latest news from the oil and gas industry, along with important updates from King. As always, my goal is to keep you informed on the trends shaping our industry. Thanks for reading.

This Week's Headlines

  • New Blog: Maximizing Tax Benefits with Oil and Gas Investments 

  • NextEra: U.S. Power Use Is Set to Surge—More Gas and Workers Needed

  • BW Energy Strikes Major Oil Find at Bourdon Prospect Offshore Gabon
  • Phillips 66 Building New Gas Plant in Texas to Boost Nat Gas Operations
  • Indian Oil to Import U.S.-Linked Natural Gas in $1.4 Billion Deal
  • NOG Buys More Land in Texas Oil Patch for $62 Million

HAPPENING AT KING

New Blog: Maximizing Tax Benefits with Oil and Gas Investments
In my latest blog on kingoperating.com, I highlight one of the most compelling advantages of oil and gas investing: the tax benefits. Investors can take advantage of immediate deductions through Intangible Drilling Costs (IDCs), long-term savings with equipment depreciation, and additional relief through the depletion allowance. These incentives are built into the U.S. tax code and remain stable, regardless of changes in trade policies or tariffs. For accredited investors looking to reduce taxable income while investing in a vital and profitable sector, our oil and gas fund offers a strong and timely opportunity. Read the full blog here.

If you'd like to talk to someone about King and are an accredited investor, you can fill out your information here or schedule a Zoom conversation with one of our SVPs here and someone will reach out.

Oil & Gas News

 

NextEra: U.S. Power Use Is Set to Surge—More Gas and Workers Needed

NextEra Energy says America’s need for electricity is growing fast—mainly because of AI and new tech like data centers. To meet this, the U.S. will need a lot more gas-powered plants by 2030. But there’s a problem: gas turbines are in short supply, and it’s hard to find enough skilled workers to build the plants. Costs have tripled, and many workers are choosing higher-paying jobs elsewhere. Even with these roadblocks, energy companies say they’re working to make sure the country has enough power.
    

Phillips 66 Building New Gas Plant in Texas to Boost Natural Gas Operations

Phillips 66 is building a new gas plant in West Texas to handle more natural gas and liquids from the busy Permian Basin. The plant, called Iron Mesa, will be up and running in early 2027 and will connect to key pipelines in the area. This is part of the company’s plan to grow its natural gas liquids (NGL) business. Phillips 66 also recently bought a company called EPIC NGL, which gives it more pipelines to move gas to the Gulf Coast. Even though it had a tough financial quarter, the company is sticking with its plan to grow in this space.

  

Indian Oil to Import U.S.-Linked Natural Gas in $1.4 Billion Deal

Indian Oil has signed a five-year deal with global trader Trafigura to buy natural gas worth up to $1.4 billion. The gas will start arriving in the second half of this year and will be priced based on U.S. market rates. The agreement covers enough liquefied natural gas (LNG) to fill about 27 ships. India is increasing energy imports from the U.S. to meet its growing power needs and balance trade with America.
      

Move to Watch

NOG Buys More Land in Texas Oil Patch for $62 Million
Northern Oil and Gas (NOG) spent nearly $62 million to buy oil and gas rights on 2,275 acres in Upton County, Texas. This deal helps the company grow its presence in the Midland Basin, a major oil-producing area. NOG is not the operator but works with partners to develop the land. In the first three months of 2025, NOG also made seven smaller deals, adding over 1,000 more acres and more wells for about $5 million. Nearly half of its wells are in the Permian Basin, where it’s putting most of its spending. Overall, NOG's oil and gas production went up 13% compared to last year.

 

Thank you for your continued support, and if you have any questions for myself or any member of the King team, please don't hesitate to reach out to us.

All the best,

Jay