These projects represent an estimated $80–90 billion in combined capital investment, driven primarily by large-scale LNG export developments supported by pipeline and infrastructure expansions. Together, they position British Columbia as a major global LNG supplier while enabling long-term growth in Western Canada’s natural gas production and export capacity.
EPD’s announcement of two new Permian gas plants confirms that gas volumes are growing faster than expected, driven by rising associated gas and infrastructure constraints. Supporting 2026 air permits for compression and gathering systems show that midstream operators are actively expanding the entire gas value chain ahead of this surge.
SM Energy closed its $950M South Texas asset sale to Caturus Energy, using proceeds to eliminate $819M in near-term debt and strengthen its balance sheet. Meanwhile, Caturus is actively scaling in the Eagle Ford with 21 wells drilled YTD across McMullen, Webb, and Live Oak counties, supported by H&P and Nabors rigs.
Occidental CEO Vicki Hollub will retire on June 1, 2026, with COO Richard Jackson set to take over as President and CEO. The transition signals strategic continuity, with a continued focus on operational efficiency, asset optimization, and disciplined growth.
ExxonMobil is driving Permian production growth by improving well performance rather than increasing drilling activity, targeting a doubling of output to 2.5 million bpd by 2030. A key driver is advanced lightweight proppant, delivering up to 20% higher recovery per well and enabling significant efficiency gains across its Midland- and Delaware-focused operations.
Enbridge and Energy Transfer have received a key U.S. permit to reverse flows on the Bakken Pipeline and build a new connection to the Dakota Access Pipeline, enabling more crude to move south into U.S. markets. The project will unlock underutilized capacity and create a more efficient export route for growing Canadian and Bakken oil production.
Presidio Petroleum continues to expand its footprint from APA Corporation through a recent air permit transfer for the Bivins East 4-41H project in Texas. The move highlights Presidio’s ongoing strategy of acquiring and optimizing mature APA assets while taking over operational and regulatory responsibilities.
New Height Energy is expanding in the Permian Basin by acquiring existing producing assets rather than investing in new drilling programs. This strategy is evidenced by multiple air permit transfers from Scout Energy, reflecting a shift in operatorship and a focus on production optimization over exploration.
Atlas Operating LLC is expanding into East Texas through the acquisition of 16 permitted production assets from BRG Lone Star, signaling a strategic shift toward consolidating legacy operations in mature basins. This move, combined with minimal recent drilling activity, highlights a **capital-efficient growth strategy focused on stable production and asset optimization rather than new development.
BPX is driving BP’s growth with the vast majority of wells drilled YTD concentrated in onshore shale plays, supported by repeat contractor activity like Nabors rigs that signal efficient, scalable operations. This aligns with BP’s strategy to prioritize short-cycle, capital-efficient assets that deliver fast returns and stable production.
