Canadian Natural Resources Ltd. (CNRL) quietly filed paperwork with the Competition Bureau to acquire a large block of Tourmaline Oil’s Peace River assets, it wasn’t just another asset sale — it was a signal that the Canadian natural gas market has entered its next consolidation phase.
The Permian Basin is entering a new phase — and the reported merger talks between Coterra Energy (CTRA) and Devon Energy (DVN) are a signal that the era of mid-size shale operators is ending.
Saskatchewan’s light-oil sector has quietly become one of the most reliable and capital-efficient oil growth engines in North America. Driven by the Viking, Frobisher, and Midale formations, operators are drilling hundreds of repeatable, high-return wells using factory-style development models that generate strong cash flow even in volatile commodity markets.
Grande Prairie has become Canada’s most important natural gas growth engine. What was once a frontier play is now a globally competitive Montney manufacturing hub, supplying LNG Canada, U.S. Gulf Coast exports, and North American power demand. See the top 10 Operator list.
Top-10 Operator Snapshot built directly from your wells-drilled file, using the dominant (most common) Board Field Centre, Terminating Zone, Substance, and Drilling Provider for each operator.
In Martin County’s Midland Basin, Block 35T3N has quietly become one of Ovintiv’s most disciplined manufacturing lines. By comparing two projects on the same block—the LADY BIRD Factory (2024) and the newly permitted FREETAIL F21M Factory (2025–26)—a clear pattern emerges: identical personas, nearly identical cadence, and a repeatable $60–75 million capital cell that Ovintiv is rolling forward pad by pad.
This week, BKV Carbon Project Operating, LLC received a key air permit for its Lima Tango CCS 1 project in McMullen County, Texas, clearing the way for full commercial operation of carbon capture and sequestration infrastructure tied to one of the state’s most prolific gas corridors.
n early January 2026, Targa Delaware LLC filed a Standard Permit air authorization for the YETI Gas Plant — formally kicking off regulatory approval for what will be one of the most important new gas processing facilities in the Permian Delaware Basin.
A quiet but highly telling transaction hit the Texas Commission on Environmental Quality (TCEQ) on January 6, 2026. Fifteen active oil and gas air permits in Washington County, Texas were officially transferred from INEOS USA Oil & Gas LLC to Redbud E & P, Inc. under New Source Review (NSR) Change-of-Ownership filings.
U.S. drilling activity continues to soften. The U.S. rig count fell by two this week to 544 active rigs in the Baker Hughes report dated January 11, 2026, remaining 40 rigs below last year’s level.
