On April 1, 2025, WaterBridge officially launched an open season to support the development of its new Speedway Pipeline, a dual 30-inch produced water system designed to address rising pore pressure and enhance flow assurance in the Northern Delaware Basin.
In a major milestone for the U.S. LNG sector, Cheniere Energy has completed its 4,000th liquefied natural gas (LNG) shipment from its Sabine Pass facility in Louisiana. The shipment, loaded onto the Maran Gas Ithaca, highlights Cheniere’s rapid rise as a global LNG powerhouse — achieving this feat in just over nine years since launching exports in 2016.
Ring Energy, Inc. (NYSE American: REI) has officially closed its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources, adding ~17,700 net acres in Andrews County, Texas to its growing Permian Basin footprint.
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, has entered into a strategic joint venture with TG Natural Resources (TGNR) through the sale of a 70% interest in its East Texas natural gas assets. The $525 million transaction includes a $75 million upfront cash payment and a $450 million capital carry to fund future Haynesville Shale development.
British Columbia’s upstream oil and gas sector has seen a surge in well permitting activity over the last few years—but drilling activity hasn’t kept pace. The result? A growing backlog of approved well licenses that have yet to be turned into producing wells.
In a recent interview on CNBC, ExxonMobil Chairman and CEO Darren Woods shared compelling insights into the company’s long-term strategy for unlocking greater value from unconventional oil and gas resources—specifically through advanced fracking technology and the goal of doubling recovery rates.
One of the most significant developments in Canada’s energy sector is quietly unfolding on the North Coast of British Columbia. After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational — and it could mark a turning point for Canada’s natural gas industry.
The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian Basin—America’s top oil-producing region—saw a drop of three rigs, bringing its total to the lowest level since February 2022.
The global competition for Liquefied Natural Gas (LNG) markets is becoming increasingly intense, especially as several large-scale LNG projects are proposed on the U.S. Gulf and East Coasts. While the U.S. has long been a dominant player in the LNG market, upcoming projects from Canada, Mexico, Alaska, and emerging regions like Guyana, West Africa, and the Mediterranean are positioning themselves as strong competitors.
Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
