MBX Operating LLC recently completed a new project notification under the Texas Commission on Environmental Quality (TCEQ), filing a Standard Permit for Oil and Gas Production Facilities for its Come and Take It 1H and Max Q 1H Production Facility in Pecos County, Texas.
In a move that signals both consolidation and strategic rebalancing in East Texas, XTO Energy (a subsidiary of ExxonMobil) has transferred a pipeline a 466 mile permit to Urban Oil & Gas Group, LLC, amid broader divestment of East Texas assets.
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.
Expand Energy (EXE) is delivering strong Haynesville results and is on track to generate $3+ billion in annual free cash flow (FCF) starting in 2026, assuming current natural gas strip prices of around $4/MMBtu. The company remains heavily gas-weighted, with Haynesville operations representing nearly half of its total production and capital expenditures.
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.
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.
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.
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.
