Kinetik’s Kings Landing sour gas conversion project in New Mexico is designed to expand the company’s ability to process higher H2S and CO2 gas volumes across its Delaware Basin system while supporting long-term producer development plans in the region. The project has received all major regulatory approvals, construction is underway, and Phase 1 is expected to enter service by the end of 2026.
Keyera Energy Ltd. has filed an application with the Alberta Energy Regulator for the proposed Campbell Creek Gas Plant in the Elmworth area west of Grande Prairie, highlighting continued investment in liquids-rich Montney infrastructure. The proposed sour gas processing facility would include significant gas handling, condensate recovery, acid gas injection, and compression capacity as regional drilling and LNG-driven natural gas demand continue to grow.
Exxon Mobil shareholders approved the company’s move to redomicile to Texas, ending its 144-year incorporation history tied to New Jersey and Standard Oil. The company cited Texas’ strong support for the oil and gas industry, favorable legal environment, and growing operational presence in the state.
Oil prices surged after U.S. strikes in Iran increased uncertainty around peace negotiations and disruptions through the Strait of Hormuz, a key global energy shipping route. Analysts warn that even if a deal is reached, restricted oil and LNG flows could keep energy markets tight for months.
TG Natural Resources continues expanding its Haynesville Shale footprint in Panola County, Texas, through the coordinated PAD 96 FWS F14J TUCK 1HH–3HH multi-well development in the CARTHAGE (HAYNESVILLE SHALE) Primary Field. The project moved rapidly from well licensing in November 2025 to drilling activity beginning in January 2026 and centralized facility permitting completed in May 2026, highlighting a highly standardized shale manufacturing and co-development strategy tied to long-term Gulf Coast LNG demand.
Continental Resources appears to be advancing the PECAN STATE project into a coordinated full-section Wolfcamp development within the PHANTOM (WOLFCAMP) Primary Field in Pecos County, Texas. The combination of multi-well pad planning, highly standardized horizontal well designs, and the recently approved PECAN STATE 1513 CTB air permit suggests the project may be transitioning from permitting into active surface development and pre-spud operational readiness.
The recent permit activity reinforces VTX Energy Partners’ strategy of disciplined, high-density Delaware Basin development. With concentrated acreage positions, multi-pad drilling programs, and standardized horizontal designs, the company appears focused on scalable manufacturing-style shale operations that emphasize operational efficiency and long-term inventory capture in one of North America’s premier oil-producing regions.
Several smaller private oil & gas operators across Texas, Oklahoma, Wyoming, Alabama, and Montana received new well permit approvals last week — marking their first permit activity since 2017 or their first-ever approval. The trend highlights renewed drilling interest among conventional and emerging operators, particularly in the Haynesville, Permian, Powder River, and Mid-Continent regions, as higher commodity prices and improved drilling economics continue to bring mature acreage positions back into development.
New Mexico wells drilled YTD activity totaled 747 wells, with drilling heavily concentrated in Lea and Eddy counties across the Delaware Basin, led by operators including Devon Energy, Mewbourne Oil, EOG Resources, XTO, and Permian Resources. The strong drilling environment coincides with the recent U.S. Department of the Interior oil and gas lease sale in New Mexico and Texas, which generated over $4.0 billion in total receipts from 74 parcels covering 33,530 acres, signaling continued industry confidence and investment in federal acreage development.
Matador Resources drilled 48 wells year-to-date across Lea and Eddy counties in New Mexico while simultaneously expanding its Delaware Basin position through a $1.14 billion acquisition of 5,154 net undeveloped acres during the record-setting BLM lease sale. The acquisition adds at least 141 new operated drilling locations and is expected to strengthen San Mateo midstream volumes and revenue streams as Matador continues growing its footprint in one of North America’s most active oil and gas regions.
