Meg O’Neill, CEO of Woodside Energy, has resigned to take over as Chief Executive Officer of BP, marking one of the most consequential executive moves in Big Oil in recent years. The appointment makes O’Neill BP’s first female CEO in its 116-year history and signals a decisive shift in strategy for the UK supermajor.
Civitas Permian Operating has taken another deliberate step to strengthen its Midland Basin operating footprint, acquiring approximately 13 miles of natural gas pipeline infrastructure from Oxy-affiliated Oxyrock Operating in Howard and Glasscock Counties. While the transaction may look incremental on paper, it is strategically important—because in today’s Permian, control of gas infrastructure is control of development pace, cost structure, and execution certainty.
Kelt Exploration Ltd. continues to deepen its commitment to the Wembley field in northwest Alberta, with a newly filed facility licence amendment that underscores a shift toward higher-throughput, pad-based development supported by modern drilling and compression infrastructure.
A recent air permit transfer from Devon Energy to Formentera Operations LLC in Parker County, Texas marks an important step in Formentera’s continued expansion across north-central Texas, a region adjacent to the Dallas–Fort Worth (DFW) metro area and long associated with legacy Barnett Shale development.
Recent Texas Commission on Environmental Quality (TCEQ) filings show that SM Energy Company has completed the transfer of multiple Air New Source Review (NSR) permits to New Height Energy, LLC. All permits were finalized on December 10, 2025 and reflect a change of ownership for existing production infrastructure—not new construction.
Jetta Operating Company, Inc. is making a deliberate and increasingly visible move in the Southern Delaware Basin, signaling long-term operational commitment rather than short-cycle development. A combination of recent air permit transfers and sustained drilling activity in Ward County, Texas highlights how Jetta is expanding both its surface infrastructure and subsurface footprint in this mature but highly strategic part of the Permian Basin.
Today, US oil producers are drilling fewer wells, running fewer rigs, and yet producing more oil than ever before. The shift is structural, not cyclical — and it is fundamentally reshaping the Oilfield Services (OFS) market.
Ascent, a privately held operator focused 100% on the Ohio Utica Shale, is the largest natural gas producer in Ohio and the 8th largest gas producer in the United States. Over the past week, reports have surfaced of a competitive sale process, culminating in the first concrete valuation to hit the market: a $6 billion offer from Kimmeridge Energy, a private investment firm known for taking active, and sometimes activist, positions in energy assets.
The Bakken is no longer a growth-at-all-costs shale play. For disciplined operators like Devon Energy, it has become a proving ground for how to extract more value from mature inventory using technology, operational rigor, and capital restraint.
ConocoPhillips has been clear in recent earnings calls: flexibility, not volume growth, is now the defining feature of its Lower 48 strategy. By pairing management commentary with actual well-level data from North Dakota, a clear picture emerges of how ConocoPhillips is applying its “flexible inventory” philosophy in practice—and why the Bakken has shifted into a steady, cash-generating role rather than a growth engine.
