Vital Energy’s second-quarter 2025 results paint a picture of a company strategically optimizing its Permian Basin operations. Despite reporting a net loss of $582.6 million—driven largely by a non-cash $427 million impairment and $238 million tax valuation allowance—the company posted strong operational performance and continued capital discipline.
Ascent Resources is maintaining its momentum through the first half of 2025, delivering strong operational and financial results while continuing to push efficiency gains across its Utica Shale operations.
Chord Energy (NASDAQ: CHRD) has posted a strong second quarter for 2025, highlighting robust production, capital efficiency, and a sharp focus on shareholder returns. The company’s Williston Basin assets continue to perform exceptionally, bolstered by a strategic drilling program that has already delivered 85 wells year-to-date (YTD).
Western Midstream Partners (NYSE: WES) has announced its acquisition of Aris Water Solutions (NYSE: ARIS) in a transaction valued at approximately $1.5 billion. This deal solidifies WES’s position as a leading provider of full-cycle produced-water management in the Delaware Basin, integrating water gathering, disposal, recycling, beneficial reuse, and long-haul transport.
Coterra Energy (NYSE: CTRA) delivered a robust second quarter marked by strong operational execution, efficient capital deployment, and increased shareholder returns. The company continues to capitalize on its diversified asset base across the Permian, Marcellus, and Anadarko basins while positioning for capital-efficient growth into 2026.
Devon Energy’s Q2 2025 results underscore its strong operational momentum, robust cash flow generation, and focus on capital efficiency. With raised production guidance and reduced capital spending for the second straight quarter, Devon is well-positioned to deliver continued value through the remainder of 2025.
A cornerstone of Exxon’s Q2 success was Permian Basin output, which hit a record 1.6 million barrels of oil equivalent per day (boe/d). This helped boost total upstream production to 4.6 million boe/d — the highest second-quarter figure since the Exxon-Mobil merger over 25 years ago.
The U.S. shale sector is entering a new era—one defined not by breakneck growth, but by resilience, precision, and reinvention. After reviewing public statements from top operators (who collectively drill 65% of all U.S. wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025.
When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. oil and gas company. But her story isn’t just about breaking barriers—it’s about reshaping an industry at a time of global uncertainty, technological transformation, and mounting energy demand.
In Q2 2025, Matador reported record quarterly production of 209,013 BOE/d, including 122,875 barrels of oil per day. These volumes exceeded prior guidance, driven by outperformance from both new wells and base production. Notably, the company turned to sales 32 gross (22.8 net) operated wells, further solidifying its execution capabilities.
