Canada’s long-awaited Trans Mountain Pipeline expansion is up and running — but not yet at full capacity. The $34B project (up from $4.5B) is moving ~790,000 bpd, with full capacity set at 890,000 bpd. Yet high tolls are raising concerns among producers, some of whom are pushing back through regulatory hearings this summer.
For the first time in three weeks, U.S. energy firms trimmed the number of active oil and gas rigs, signaling caution amid persistent price pressures and policy uncertainty.
Shell is reportedly exploring a blockbuster takeover of its British rival BP, according to a Bloomberg report citing sources close to the matter. While no formal bid has been made, Shell is said to be working with advisors and monitoring BP’s sliding stock performance before making a move.
In a rare move to the buy-side, EOG Resources has secured a strategic 30,000-net-acre block in Atascosa County, Texas, plugging a critical gap in its South Texas leasehold. The $275 million deal, believed to involve Arrow S Energy Operating, adds 120 new 3-mile-lateral drilling locations to EOG’s oily Eagle Ford inventory.
In a new white paper titled “What Remains: North American Upstream Inventory,” energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 years—and why the spotlight is now turning to Canada.
ExxonMobil’s first-quarter 2025 results reveal a clear narrative: U.S. upstream growth, driven by “advantaged” assets like the Permian Basin, is central to the company’s long-term performance. The term “advantaged” is used repeatedly in the earnings release — not as corporate jargon, but as a meaningful lens into ExxonMobil’s capital allocation and earnings engine.
EOG Resources (NYSE: EOG) delivered a strong first quarter in 2025, demonstrating why it remains one of the most efficient and resilient operators in the U.S. upstream oil and gas sector. With U.S. production rising, foundational assets like the Eagle Ford Shale delivering steady performance, and capital discipline taking center stage, EOG is charting a confident course through a complex market environment.
Nabors Industries (NYSE: NBR) kicked off 2025 with a modest revenue uptick and a return to profitability, but behind the headline numbers lies a critical challenge facing the U.S. land drilling sector: rig churn. Drilling activity in Q1 2025 declined by nearly 12% compared to the same period in 2024.
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S.
Comstock Resources (NYSE: CRK) has released its Q1 2025 earnings, showcasing a confident return to growth, operational efficiency, and a focused expansion strategy in the Haynesville shale. With improving natural gas prices and a reinforced drilling program, the company is clearly positioning itself as a cost-efficient, technologically adept player in one of North America’s premier gas basins.
