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Energy Transfer Upsizes Permian Gas Takeaway to 2.3 Bcf/d
Energy Transfer is moving quickly to scale up a major new gas corridor out of the Permian Basin. The company announced that it will increase the transportation capacity…
2.3 Bcf/d Permian-to-Arizona/New Mexico Gas Project Expanded
Energy Transfer’s Transwestern Desert Southwest expansion is a long-haul natural gas project designed to move Permian Basin supply west into structurally tightening markets in Arizona and New Mexico,…
Enbridge Sanctions $3B of New Projects
Enbridge reported Q3 2025 results while reaffirming its 2025 financial guidance and highlighting a major slate of newly sanctioned growth projects across liquids, gas transmission, natural gas storage,…
Keystone Runs Steady as Blackrod Gas Link Nears Startup
Nov. 13, 2025 South Bow’s 3Q25 update was operationally focused: the Keystone Pipeline System maintained steady utilization while the company advanced integrity work tied to the MP-171 incident,…
Permian Gas Gets New Highway: Transwestern’s 1.5 Bcf/d Desert Southwest Expansion
Transwestern Pipeline Company, LLC (Transwestern), a subsidiary of Energy Transfer LP (NYSE: ET), has announced the launch of a binding open season for its Desert Southwest Expansion Project.…
Rockies News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Williston Basin News
Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in…
Japex Enters DJ Basin with Acquistion of Verdad
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced a major expansion into North American shale with a $1.3 billion acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), marking…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
Large E&P Adds Second Completions Crew and Accelerates 4-Mile Lateral Program
Chord Energy extended its 2025 execution streak in 3Q25, delivering oil volumes above the midpoint of guidance while keeping E&P and other capital spending below the midpoint. The…
Why Surface-Only Inventory Predictions Are a Fool’s Errand
Introduction The promise is seductive: a map covered in potential drill spots, colored by predicted “rock quality,” with hundreds or thousands of “remaining locations.” Many oil & gas…