Matador Resources – 2025 Wells Drilled & 2026 Outlook Summary

Author: phinds Category: Oil & Gas News

Matador Resources continues to execute with discipline in the Delaware Basin — drilling 111 wells in 2025, led by consistent activity in Lea and Eddy counties. With 2026 production modeled at 200,000 BOE/d and a steady $1.4B Capex plan, Matador is balancing growth with long-term capital efficiency. Backed by more than a decade of core inventory in the Bone Spring and Wolfcamp formations, the company remains one of the most resilient independents in U.S. shale.

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Cardinal Midstream Expands Delaware Basin Network with New Pipelines and Processing Capacity

Author: phinds Category: Oil & Gas News

Cardinal Midstream continues to strengthen its position in the heart of the Delaware Basin with the completion of 36 miles of large-diameter natural gas-gathering pipelines across Eddy County, New Mexico, and Loving County, Texas. The expansion includes both high- and low-pressure lines, designed to enhance connectivity and reliability for producers operating in one of the most active oil and gas regions in the United States.

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Civitas Resources Weighs Merger With Permian Basin Rival SM Energy

Author: phinds Category: Oil & Gas News

The pace of consolidation in U.S. oil and gas continues to accelerate — and this week, Denver-based Civitas Resources reportedly entered advanced talks to merge with SM Energy, a longtime Midland Basin operator. According to multiple reports, the companies are exploring a merger of equals that would create a combined entity valued around $14 billion, including debt.

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ConocoPhillips Development Cadence in Culberson County: From Wells Drilled to Unperfed Wells to Central Tank Battery

Author: phinds Category: Oil & Gas News

The Bronco Unit project in Culberson County illustrates ConocoPhillips’ deliberate development cadence — one that synchronizes subsurface and surface planning.
From 22 total wells drilled since 2024, the 8 unperfed wells provide a clear operational breadcrumb trail leading to the Central Tank Battery air permit milestone in 2025.

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EOG Drilling Activity Snapshot: Ohio and Wyoming Lead 2025 Trends

Author: phinds Category: Oil & Gas News

EOG Resources has made its boldest move yet in 2025, positioning itself as a diversified, gas-advantaged producer. With the $5.6 billion Encino acquisition, EOG now controls over 1 million net acres in the Utica shale, unlocking more than 2 billion barrels of oil equivalent (Bboe) of potential resource. This expansion firmly establishes the Utica as a foundational asset, joining the Delaware Basin, Eagle Ford, and Dorado in EOG’s core portfolio.

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