Matador Resources’ San Mateo Midstream JV is acquiring Cardinal Midstream for $752 million, expanding its Delaware Basin natural gas processing capacity to more than 1 Bcf/d and increasing its gathering network to over 800 miles. The acquisition strengthens regional midstream infrastructure and positions San Mateo for higher cash flow and EBITDA growth as Delaware Basin gas production continues to expand.
Artificial intelligence is shifting customer engagement from static, campaign-based marketing to continuous, context-aware Infinity Campaigns, where knowledge graphs, semantic context, and AI agents work together to deliver personalized decisions and interactions in real time. Organizations that invest in unified data, enterprise knowledge, and contextual AI will be best positioned to create autonomous customer experiences that continuously learn, adapt, and drive better business outcomes.
Petroplex Energy has begun drilling the first of two multi-well pads on its eight-well SOUTH ROCKFISH development in Pecos County, Texas, marking the transition from permitting to execution in the Delaware Basin. The project targets the Wolfbone Trend Area with eight horizontal wells planned to approximately 11,000 feet, led by LASSO Rig 103 on the initial five-well pad while a second three-well pad remains permitted for future development.
Wilcox Energy Company LLC continues to execute a disciplined, low-risk development strategy focused on mature conventional oil fields in North Central Texas. Following its most active year in 2025, the company has maintained drilling momentum into 2026 with additional development in Archer and Haskell counties.
Phillips 66 appears to be executing on its midstream growth strategy in the Midland Basin, with subsidiary DCP Operating Company receiving approvals for the Goose and Jester Compressor Stations in Ector County. The new compression infrastructure comes as 37 wells have been drilled in Ector County year-to-date, supporting management’s earnings call comments that the company will continue adding gathering and processing capacity to meet customer growth needs.
Greenlake Energy’s Mike Jones and Paul Wall project showcases a coordinated Delaware Basin co-development strategy, where six horizontal Wolfcamp and Wolfbone wells were drilled from two multi-well pads using H&P Rig 261 before transitioning into production infrastructure. Nearly a year after the first permits were issued, the project advanced into the commissioning phase with the construction of the centralized Mike Jones Paul Wall Facility, designed to gather and process production from both pads.
Chevron has signed a 20-year agreement to supply natural gas-fired power to Microsoft’s AI data centers through its new Project Kilby, creating a potential new revenue stream beyond traditional oil and gas production. While the project’s initial earnings impact is modest, it could serve as a scalable blueprint for future AI data center power deals and provide Chevron with a much-needed long-term growth driver.
Crescent Energy’s Eagle Ford strategy is centered on an “active ground game” of increasing working interests, extending lateral lengths, and optimizing development through operational efficiencies rather than pursuing large headline-grabbing acquisitions. Small asset and acreage purchases—such as recent permit transfers from Expand Energy in Dimmit County—may quietly strengthen Crescent’s position and create future drilling inventory beneath the radar of traditional M&A announcements.
Crescent Energy reported that its Eagle Ford strategy is focused on efficiency gains, increased Simulfrac usage, longer laterals, and higher working interests to improve returns and accelerate production. Year-to-date drilling activity supports that message, with 38 wells concentrated in core South and West Eagle Ford counties—primarily Webb and Dimmit—while a small number of rigs execute a disciplined, high-efficiency development program.
EOG drilled 58 Eagle Ford wells in 2026, with activity heavily concentrated in the Western Eagle Ford (37 wells, 64%), led by Webb and McMullen counties. H&P rigs dominated the program, drilling 35 wells overall, with H&P 263 being the most active rig at 14 wells, while Nabors rigs accounted for most of the South Eagle Ford activity.
