In October 2025, Chevron U.S.A. Inc. received approval for Texas Railroad Commission Pipeline Permit T-4 #09047, authorizing expansion of the 86-mile natural gas gathering pipeline across Howard, Martin, and Midland Counties.
The Texas Railroad Commission (RRC) has recorded a Pipeline Addition (PA) for the Bastrop Lateral on the Matterhorn Express Pipeline system. This filing updates the official T-4 permit for the system and signals continued fine-tuning of one of Texas’s most important west-to-east natural gas corridors.
The U.S. goods economy is flashing red lights, with trucking volumes plunging 17% year-over-year — a signal that industrial demand is weakening at a pace not seen since the 2008 financial crisis.
The Texas Commission on Environmental Quality (TCEQ) has approved a Permit by Rule (PBR) for the Goldsmith Landreth Deep Gas Reinjection Station, a new CO₂ injection and recycling hub under Rule 106.352 (Oil and Gas Production Facilities). The facility, registered to Occidental Permian Ltd., represents a strategic addition to Occidental’s Ector County enhanced oil recovery (EOR) operations.
Ovintiv Inc. (NYSE/TSX: OVV) has announced a major portfolio transformation, signing a definitive agreement to acquire NuVista Energy Ltd. (TSX: NVA) for approximately US $2.7 billion (C$3.8 billion) in a cash-and-stock transaction. The deal expands Ovintiv’s footprint in the oil-rich Alberta Montney, adding scale, infrastructure, and premium drilling inventory that directly complements its existing operations.
The Delaware Basin continues to lead U.S. onshore drilling momentum, with activity levels holding steady through the second half of 2025. Since June, more than two dozen operators have spudded new wells across West Texas and southeastern New Mexico, highlighting a mix of capital discipline and strategic rig deployment.
BP (NYSE: BP) has announced the sale of non-controlling interests in its Permian and Eagle Ford midstream assets to funds managed by Sixth Street for total consideration of $1.5 billion. The assets are held by BP’s U.S. onshore subsidiary, bpx energy, and include an extensive portfolio of pipelines and processing facilities that support upstream production in two of the most active shale basins in North America.
Two of America’s leading independent shale producers — SM Energy (NYSE: SM) and Civitas Resources (NYSE: CIVI) — have announced a merger that will reshape the U.S. upstream landscape. The $12.8 billion all-stock transaction, including debt, will create one of the largest independent oil and gas companies with a dominant position in the Permian Basin, the nation’s most productive shale play.
OXY USA has advanced a coordinated infrastructure program in Reagan County’s Spraberry Trend Area that connects new wells, gathering systems, and supporting facilities across its Merchant, Amerigo, and Marco Polo leases.
Recent drilling and permitting activity indicates that BKV Barnett LLC, a subsidiary of BKV Corporation, is approaching the completion stage on its SANDFIELD L P 17 (AW) lease in Denton County, Texas. The cadence between the license issuance, spud dates, and the air permit filing clearly signals that well completions and facility tie-ins are next.
