The Trump administration is urging major U.S. oil producers to boost drilling in response to a significant global supply disruption caused by the Iran conflict, which has driven oil prices higher. However, any increase in production is expected to be gradual as companies remain focused on capital discipline and face operational constraints.
Chevron’s Bandit oil discovery in the Gulf of America highlights the continued value of infrastructure-led deepwater exploration, with strong potential for a subsea tie-back development. Despite 145 wells drilled in the dataset, activity remains concentrated among major operators like Shell and Chevron, reflecting a shift toward fewer, higher-quality drilling opportunities.
Tamarack Valley Energy has drilled 39 wells year-to-date in 2026, with the majority of activity concentrated in the Clearwater play, particularly Marten Hills and Nipisi. To support this development, the company is upgrading a Marten-area facility with additional compression (1,883 kW total) and pumping capacity to improve production efficiency and handle increasing volumes.
BTG Energy Corporation has received approval to upgrade its Sylvan Lake gas processing facility, increasing capacity and enhancing operations through a significant compression buildout. The addition of 9 compressors totaling 4,327 kW signals a strategic push to handle higher gas volumes and support growing regional production.
Oil prices held steady as markets balanced supply disruptions from escalating U.S.-Iran tensions with uncertainty around potential peace talks. With up to 2 million barrels per day of Iranian exports at risk and inventories declining, the market remains tight and highly sensitive to further geopolitical developments.
“They should try to conserve energy,” said Andy Walz, Chevron’s (CVX) president of downstream, midstream and chemicals. “We should always be conserving energy, whether it’s your light switch or the miles you drive or what kind of car you buy.”
Firebird Energy II’s WOODFIN development is a 6-well, single-pad horizontal project in the Midland Basin targeting the Spraberry formation with consistent depth and a single-rig execution. Drilling was completed over ~78 days, with facility permitting following ~80 days later, indicating a delayed but predictable surface development cycle.
Firebird Energy II’s WOODFIN project in Upton County is a 6-well, single-pad horizontal development targeting the Spraberry formation, executed with a single rig and consistent drilling design. The project follows a sequential cadence with facility permitting occurring ~80 days after drilling, creating a clear post-drill window for surface and production-related activity.
Silver Hill Energy Partners is expanding its footprint in the Eagle Ford through the acquisition of producing assets from 1776 Energy Operators, highlighted by the transfer of 15 Texas air permits across core South Texas counties. The move reflects a classic private equity strategy of acquiring mature assets in proven basins and unlocking value through operational optimization.
Mustang Express Pipeline continues to advance its Permian-to-Gulf Coast gas corridor with a new air permit filed for the Katy Compressor Station, a critical asset near the Katy Hub that will support system throughput. The project is positioned to move up to 2.5 Bcf/d of natural gas toward LNG export markets, helping relieve Permian bottlenecks and meet growing global demand.
