The Permian Basin—America’s most prolific oil and gas region—is about to gain two new sources of power. Vistra has announced plans to invest $950 million in building two natural gas-fired power plants, adding a combined 860 megawatts of dispatchable electricity to the Texas grid by 2028. That’s enough to power nearly 215,000 homes.
Unit Corporation (OTCQX: UNTC) has completed the sale of its wholly-owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company, L.L.C. in an all-cash transaction valued at $120 million. The agreement was signed and closed simultaneously.
Targa Resources is making a bold move to strengthen its Permian Basin midstream network. The company announced a $1.6 billion investment to construct the Speedway NGL Pipeline, a 500-mile, 30-inch diameter system that will move up to 500,000 barrels per day of natural gas liquids (NGLs) from the Delaware and Midland basins to its fractionation and storage hub in Mont Belvieu, Texas. The project is expected online by Q3 2027.
Bakken Wells Drilled Market Intelligence is a curated dataset of oil & gas wells drilled in ND & MT last 12 months. The dataset includes; Account Name, Location Information, Drilling Operation Data and Drilling Rig Info…
The Texas Commission on Environmental Quality (TCEQ) recently completed its review of a new project notification for Vaquero Permian Gathering LLC’s Antelope Compressor Station in Loving County, Texas. The filing (Permit #181652) was processed and marked complete on September 26, 2025, signaling regulatory clearance for operations at the site.
Vital Energy’s recent air permit approval for the Rambo State TB facility and its active drilling program in Reeves County highlight a strong commitment to production growth in the Delaware Basin. With Crescent Energy’s $3.1 billion acquisition of Vital, Reeves County emerges as a cornerstone asset, blending regulatory approvals, drilling momentum, and strategic scale.
The Texas Commission on Environmental Quality (TCEQ) continues to clear the path for Brazos Midstream’s growth in the Permian Basin. Most recently, TCEQ completed registration of a Standard Permit for the Cassidy Plant in Glasscock County, Texas (Project #398425, Permit #181608), operated by Brazos Midstream Operating III, LLC.
Civitas Resources (NYSE: CIVI) gained 2.2% this week after Bloomberg reported the company is exploring a potential sale. The Denver-based independent oil & gas producer, with operations in both Texas and Colorado, is said to be working with advisers to evaluate deals with similarly sized or larger peers. While no final decision has been made, the news highlights growing consolidation momentum across the U.S. shale patch.
Texas Wells Drilled Market Intelligence is a curated dataset of oil & gas wells drilled in the Texas last 12 months. The dataset includes; Account Name, Location Information, Drilling Operation Data and Drilling Rig Info…
British energy major BP (NYSE:BP) is doubling down on its U.S. offshore strategy, moving forward with a $5 billion deepwater development in the Gulf of Mexico that underscores the company’s long-term commitment to oil production.
