Canadian Natural Resources Ltd. (CNRL) doesn’t make flashy headlines when it comes to Montney development — but that’s exactly why its strategy is powerful. The company is quietly building one of the most efficient, liquids-rich natural gas portfolios in Canada. With LNG export capacity increasing over the next decade, CNRL is positioning itself to win the long game.
Mach Natural Resources used its Q3 2025 earnings call to send a strong message about the importance of Oklahoma to its long-term strategy. While the company has expanded into new basins through recent acquisitions, CEO Tom Ward made it clear that the Mid-Continent—and Oklahoma in particular—remains one of Mach’s most dependable growth engines.
Coterra’s message is clear: Oklahoma remains a dependable contributor, supported by strong well results, consistent development, and a focus on maximizing full-cycle returns. T
Devon Energy emphasized that Oklahoma’s Anadarko Basin has clear structural advantages, particularly its gas positioning and freedom from Waha-style takeaway bottlenecks, making it increasingly attractive in a strengthening gas market. While interest in the basin is rising, Devon said it is regularly assessing its long-term portfolio fit, keeping the door open to future M&A without signaling any immediate plans to exit.
Circle-S Energy, LLC is a privately held exploration and production company headquartered in McKinney, Texas. Founded by Pat L. Smith, the company operates more than 60 wells and manages interests in more than 3,000 non-operated assets across multiple U.S. basins, with core activity centered in the Permian Basin and South Texas.
Comstock Resources used its Q3 2025 earnings call to deliver a clear message: the Haynesville—especially the Western Haynesville—is the company’s future, and one of the most strategically important natural gas plays in North America.
When Expand Energy (EXE) reported Q3 2025 results, one theme stood out above all others: the Haynesville is becoming their crown jewel. In a year defined by transformational efficiency gains, EXE made it clear that no asset in the company’s portfolio has improved more quickly—or is positioned more strategically—than its massive Haynesville footprint.
Targa Resources (NYSE: TRGP) has announced a major strategic step in the Permian Basin, agreeing to acquire Stakeholder Midstream for $1.25 billion in cash. The deal adds high-quality gathering, processing, and treating infrastructure in one of the most prolific natural gas growth regions in North America — and positions Targa to capture long-term, fee-based volumes with minimal capital requirements.
Birchcliff Energy continues to demonstrate why its Montney and Doig acreage remains among the most productive and technically attractive natural gas assets in Western Canada. As 2025 progresses, the company’s operating performance, drilling efficiency, and production results highlight a disciplined, high-performance gas development program at scale.
ARC Resources made it clear that the Montney is the engine behind its 2026 growth plan, delivering scale, liquids-rich upside, and premium gas pricing options. With decades of Montney inventory and unmatched technical depth, ARC is positioning itself as one of North America’s most resilient and free cash flow–generating E&Ps.
