Phillips 66 Expands Midland Basin Infrastructure with Two New Ector County Compressor Stations

Phillips 66 appears to be executing on its midstream growth strategy in the Midland Basin, with subsidiary DCP Operating Company receiving approvals for the Goose and Jester Compressor Stations in Ector County. The new compression infrastructure comes as 37 wells have been drilled in Ector County year-to-date, supporting management’s earnings call comments that the company will continue adding gathering and processing capacity to meet customer growth needs.

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From Permit to Production: Inside Greenlake Energy’s Multi-Pad Wolfcamp/Wolfbone Development in the Delaware Basin

Greenlake Energy’s Mike Jones and Paul Wall project showcases a coordinated Delaware Basin co-development strategy, where six horizontal Wolfcamp and Wolfbone wells were drilled from two multi-well pads using H&P Rig 261 before transitioning into production infrastructure. Nearly a year after the first permits were issued, the project advanced into the commissioning phase with the construction of the centralized Mike Jones Paul Wall Facility, designed to gather and process production from both pads.

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Chevron’s Microsoft AI Power Deal Could Create a New Growth Path

Chevron has signed a 20-year agreement to supply natural gas-fired power to Microsoft’s AI data centers through its new Project Kilby, creating a potential new revenue stream beyond traditional oil and gas production. While the project’s initial earnings impact is modest, it could serve as a scalable blueprint for future AI data center power deals and provide Chevron with a much-needed long-term growth driver.

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The Eagle Ford’s Quiet Consolidators: Why the Real Growth Story May Be Happening Beneath the Radar

Crescent Energy’s Eagle Ford strategy is centered on an “active ground game” of increasing working interests, extending lateral lengths, and optimizing development through operational efficiencies rather than pursuing large headline-grabbing acquisitions. Small asset and acreage purchases—such as recent permit transfers from Expand Energy in Dimmit County—may quietly strengthen Crescent’s position and create future drilling inventory beneath the radar of traditional M&A announcements.

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What Crescent Said About the Eagle Ford vs. What the Drilling Data Shows

Crescent Energy reported that its Eagle Ford strategy is focused on efficiency gains, increased Simulfrac usage, longer laterals, and higher working interests to improve returns and accelerate production. Year-to-date drilling activity supports that message, with 38 wells concentrated in core South and West Eagle Ford counties—primarily Webb and Dimmit—while a small number of rigs execute a disciplined, high-efficiency development program.

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New Well Permits Reveal Emerging Sales Opportunities

Thirteen operators filed their first new well permits in at least 12 months, signaling a potential return to drilling, asset development, or infrastructure expansion activity. The most notable opportunities include emerging operators Appaloosa Oil & Gas and Perun Energy, along with established companies such as Saxum Opco, Tellus Operating Group, and Utah Gas Corp, which may be entering new growth phases and creating fresh demand for oilfield services.

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Conoco Grows Eagle Ford with Refracs and Drilling

ConocoPhillips is growing its Eagle Ford position through a combination of refracs and new drilling, with management noting that Eagle Ford refracs remain highly competitive with Delaware Basin development opportunities. The company has drilled 95 Eagle Ford wells year-to-date in 2026, led by activity in DeWitt, Karnes, and Live Oak counties, while continuing to execute approximately 50 to 60 refracs annually to maximize recovery from existing assets.

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Caturus Advances Wellhead-to-Water Strategy with Commonwealth LNG FID and Active Eagle Ford Development

Caturus’ approval of the 9.5 Mtpa Commonwealth LNG export facility marks a major step in its integrated “wellhead-to-water” strategy, pairing South Texas natural gas production with Gulf Coast LNG exports. The company drilled 26 wells in 2026, primarily in the Eagle Ford Shale, positioning itself to capture value across the entire natural gas supply chain while creating opportunities for oilfield service, midstream, and LNG infrastructure providers.

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Chevron and Microsoft Team Up on Massive West Texas Data Center Power Project

Chevron and Microsoft have signed a 20-year agreement to supply natural gas-fired power for the proposed $7 billion Project Kilby data center campus near Pecos, Texas, supporting Microsoft’s growing AI infrastructure needs. The project is expected to begin generating electricity by 2028 and eventually provide up to 2.67 GW of power, highlighting the increasing connection between Permian Basin energy resources and data center development.

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