Reported about 23 hours ago
Texas's shale industry is experiencing significant downturn, marked by reduced oil rig activity and an unfavorable outlook from industry leaders. However, the growing demand from artificial intelligence, particularly for energy-intensive data centers, may provide a much-needed boost. Analysts suggest that the state's existing energy infrastructure, particularly in the Permian Basin, is well-suited to support this transition, with several data center developments already underway, signaling a shift toward new economic opportunities within the struggling oil sector.
Source: YAHOO