Chevron plans to increase conventional exploration and appraisal spending by more than 50%, supported by expanded acreage from its PDC Energy and Hess acquisitions. Its U.S. drilling activity reached 261 wells through September 13, 2026, with Q3 activity already exceeding Q2 and the strongest growth occurring in the Midland Basin.
WTI drops to $95.36, but Middle East disruptions and record U.S. diesel prices keep global supply risks elevated.
Record diesel prices are increasing trucking, drilling and field-service costs while strengthening the case for automation and domestic energy production.
Kinder Morgan is advancing a $10.1 billion project backlog to expand U.S. natural gas transportation, processing and storage capacity. Major opportunities are emerging across Texas, the Haynesville and the Gulf Coast as LNG, power generation and data centers drive higher gas demand.
Oil prices fell roughly 2% as expectations that Saudi Arabia will quickly restore damaged pipeline capacity eased concerns about near-term supply disruptions. Continued Middle East conflict and shipping risks reinforce the strategic value of secure North American production as a “safe barrel” of oil.
Oil and gas electrification is expanding across drilling, pipelines and field operations, but limited grid capacity, high connection costs and reliability concerns continue to restrict adoption. The shift creates opportunities for suppliers of electric compression, substations, microgrids, automation and hybrid power systems.
Private operators generated 96% of the net increase in U.S. land rigs over the past year and now control 336 of the Lower 48’s 630 active rigs. OilGasLeads data shows the Permian leading private-operator activity, followed by Haynesville/East Texas, the Anadarko Basin and Eagle Ford/South Texas.
The newly permitted 51.69-mile Texas pipeline appears to represent the project’s inbound supply connection from the Webster/Houston market to Texas GulfLink’s planned onshore terminal near Jones Creek in Brazoria County.
Plains is acquiring 600 miles of Wyoming crude pipelines, 1.2 million barrels of storage and exposure to growing Powder River production.
Exxon is evaluating Orinoco heavy-oil fields as U.S. investment in Venezuela expands, opening major long-term opportunities for energy suppliers.
