Mitsubishi Corporation is reportedly in advanced negotiations to acquire Aethon Energy Management’s U.S. shale production and pipeline assets in a deal valued at approximately US $8 billion.
Mitsubishi Corp. is in talks to acquire Aethon Energy
BPX Energy’s US 2025 Game Plan: Scaling Liquids, Efficiency, and Infrastructure in U.S. Shale
With a sharp pivot back to hydrocarbons and a clear-eyed focus on capital efficiency, BPX is emerging as a key growth engine for BP. The second half of 2025 will be defined by continued infrastructure ramp-up, disciplined well delivery, and maximizing cash returns from top-tier shale acreage.
24 Fewer Rigs in West Texas: A 2025 Slowdown in the Permian
West Texas, the heart of U.S. shale oil production, is experiencing a significant pullback in drilling activity. According to our analysis, 24 drilling rigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum.
Total Drops to 537, Down 47 YoY – Baker Hughes
The national rig count has declined for the 11th consecutive week — the longest losing streak since the COVID-era downturn of mid-2020.
Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope
UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. The well was suspended, and shares dropped to 20.65 UK pence.
Baker Hughes: Predicts long-term upward trajectory of global energy demand
At the recent OPEC seminar, Baker Hughes struck a pragmatic tone — acknowledging today’s volatility while emphasizing the long-term upward trajectory of global energy demand. The message was clear: the world will need more energy, not less, and the oil and gas industry must be ready to meet that challenge.
Mach Natural Resources Expands into Permian and San Juan with $1.3B in Transformative Acquisitions
Mach Natural Resources LP has announced two major acquisitions totaling $1.3 billion, marking a significant expansion of its asset base and production footprint. Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc., Mach is entering the Permian Basin and San Juan Basin, complementing its existing Mid-Continent operations.
Whitecap and Pembina Expand Footprint with New Kakwa Gas Plant
Whitecap Resources Inc. has filed a new facility application with the Alberta Energy Regulator (AER) to construct a gas processing plant in the heart of the Kakwa region, approximately 5 km from the nearest surface development. The project—Application #1958022—is notable not only for its design and scope, but also for its partnership structure and strategic positioning in one of Alberta’s most prolific natural gas areas.
Top 5 Trends to Watch for Matador Resources in the Second Half of 2025
Matador Resources (NYSE: MTDR) is navigating 2025 with a strategy that blends operational discipline, innovation, and balance sheet strength. After a strong first half marked by record production, strategic divestitures, and a major midstream expansion, here are five key trends to watch as Matador moves through the second half of 2025.
Amid Low Prices and Rising Costs, U.S. Oil Patch Faces a Challanges
According to the latest Dallas Federal Reserve survey, low oil prices, lingering tariffs, and worsening water logistics are prompting operators to sideline rigs, cut drilling plans, and brace for a prolonged period of stagnation.
