Transwestern Pipeline Co. LLC, a subsidiary of Energy Transfer LP, has secured sufficient binding commitments to move forward with its Desert Southwest Expansion Project, designed to transport growing natural gas volumes out of the Permian Basin.
The U.S. shale patch just saw a new milestone. Caturus Energy has contracted Nabors Industries to deploy the PACE-X Ultra™ X33 rig—the most powerful onshore drilling system currently operating in the country. For Caturus, a fast-growing South Texas gas producer, this represents both a technological leap and a strategic push toward its ambitious goal of reaching 1 Bcf/d of production by 2029.
Chevron (NYSE: CVX) entered Q3 2025 with a mix of short-term headwinds and long-term ambitions. The company’s recently completed $55 billion acquisition of Hess Corporation adds immediate costs and complexity, but the strategic upside—particularly Hess’ Guyana assets—remains compelling. Here’s a breakdown of what Chevron announced and how drilling trends across North America provide context for its operations going forward.
State and local officials joined Woodside Energy this week to break ground on Louisiana LNG, a $17.5 billion liquefied natural gas export facility in Calcasieu Parish. The project represents the largest foreign direct investment in Louisiana’s history and underscores the Gulf Coast’s position as the epicenter of U.S. LNG exports.
EOG Resources (NYSE:EOG) is making bold moves in 2025. With its latest acquisition of Encino Energy — Ohio’s largest oil producer in the Utica Shale — the company has deepened its U.S. shale footprint while continuing to deliver strong financial results.
The U.S. drilling market continues to “eek out” progress, stringing together modest week-over-week increases. Gains remain uneven—Texas is slipping while Colorado, Kansas, and Wyoming are seeing growth. Gas rigs continue to provide stability, while oil rigs drive incremental weekly gains.
The Permian Basin has long been the heart of U.S. shale, defined by efficiency gains and relentless innovation. The first wave of AI adoption in the Permian focused on automation—optimizing drilling workflows, streamlining logistics, and reducing downtime. But the next frontier is emerging fast: AI-powered reservoir analysis and data reprocessing.
When oil trades near $60 per barrel, many U.S. shale producers face a margin squeeze. Devon Energy (NYSE: DVN), however, stands apart as one of the most efficient operators in the sector. With a true corporate breakeven near $45 WTI—well below the Dallas Fed’s industry survey range of $61–70—Devon thrives in conditions that challenge peers.
Van’t Hof emphasized that the first wave of AI adoption is about automation—saving time and eliminating repetitive tasks. For a company managing thousands of wells, even small administrative processes, like checking and reconciling payments, can become massive time drains. AI tools can automate these workflows, freeing up people for higher-value tasks.
EOG Resources is one of the largest U.S. exploration and production companies, active across multiple basins and expanding through acquisitions. Pierce Hammond, VP of Investor Relations, presented the company’s strategy and performance, emphasizing its mission: to be among the highest-return and lowest-cost producers while maintaining strong environmental performance.
