Sabalo II Operating, LLC is a privately held oil-focused operator with an active development footprint in the Permian Basin, specifically in Andrews County, Texas. The company’s recent drilling program highlights a disciplined, factory-style shale approach that prioritizes execution efficiency in the subsurface while deliberately pacing surface infrastructure investment.
Imperial Petroleum Inc. (IMPP) entered 2025 with bold ambitions — and its latest earnings release shows those ambitions taking shape. In the second quarter alone, the company expanded its fleet by more than 50%, deepened its position in both the tanker and dry bulk markets, and continued a multi-year streak of consistent profitability.
Cenovus Energy has released its 2026 capital budget and corporate guidance, and the message is unmistakable:
The growth phase is complete—now comes disciplined execution, volume optimization, and integrated value capture across one of the strongest upstream/downstream portfolios in North America.
Chevron entered 2025 with a clear mandate: scale development efficiently, compress cycle times, and unlock more value from every acre across its U.S. portfolio. The company’s competitive advantage increasingly comes from the convergence of advanced AI, next-generation completions, and a highly optimized rig fleet tailored to each basin. Two technologies…
On December 11, the Bureau of Ocean Energy Management (BOEM) completed Lease Sale Big Beautiful Gulf 1 — the first offshore auction under President Trump’s One Big Beautiful Bill Act (OBBA). Despite a smaller dollar total than the last sale in 2023, the auction delivered the highest bids-per-acre seen since 2017, underscoring renewed confidence in the Gulf’s future as a pillar of American energy security.
INEOS USA Oil & Gas LLC has acquired ownership of a Texas New Source Review (NSR) air permit previously held by Expand Energy, signaling a shift in development activity at the Gibson South Unit DIM B pad north of Asherton, Texas. The Texas Commission on Environmental Quality (TCEQ) completed the change-of-ownership filing on December 2, 2025, issuing Permit #146718 with no additional delays or technical revisions.
Privately funded operator Varas Energy has taken a major step toward long-term, conventional oil and gas development in South Texas. On December 5, 2025, the Texas Railroad Commission approved a new T-4 pipeline permit (No. 10739) authorizing Varas to operate more than 150 miles of natural gas gathering lines across eight counties in the region. The system was formerly filed under Hugoton Operating Company, Inc., a bankrupt operator undergoing Chapter 11 restructuring.
The next chapter of Double Eagle is officially underway. Following the $4.08 billion sale of Double Eagle IV assets to Diamondback Energy, founders Cody Campbell and John Sellers have secured a $2.5 billion equity commitment from EnCap Investments to launch Double Eagle V and Tumbleweed Royalty V. And they are wasting no time putting that capital to work.
The Appalachian shale landscape is shifting again—this time through a coordinated three-way deal that reshapes who controls the core Marcellus and opens new runway in the Utica. On December 8, Antero Resources, Antero Midstream, Infinity Natural Resources, and Northern Oil & Gas unveiled a strategic combination of acquisitions and divestitures worth $3.9 billion, resulting in one of the most consequential gas realignments in years.
NorAm Drilling is a leading drilling operator with a fleet of 11 Ultra Super Spec drilling rigs in the Permian basin with 15 years of operating history. The rigs are all fully upgraded with walking systems and high racking capacity and has a track record of drilling the longest wells in Permian.
