Permit Approval Watch: Ownership Change – Spirit O&G Acquires Facilities from APA

The Texas Commission on Environmental Quality (TCEQ) has officially approved a Permit by Rule (PBR) ownership transfer for the Maverick 1 TB facility in Howard County, Texas, under Project #394208. The permit change finalizes the transition of operational control from APA Corporation—which had previously acquired the asset through Callon Petroleum—to Spirit O&G Operating LLC.

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Eagle Ford in Retreat: EIA Forecast Signals Slowdown in 2026

n its latest June 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. shale development. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026, primarily due to fewer drilling and completion activities planned by operators.

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Oxy Divests Permian Assets: Greenlake Energy Takes Over Key Facilities in Loving County, Texas

Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. In a recent move, air permits tied to two key oil & gas facilities in Loving County have been officially transferred to Greenlake Energy Operating LLC, marking another milestone in Greenlake’s rapid emergence as a nimble, low-cost operator in the Permian.

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Meet the Millennial CEOs Shaking Up the Permian Basin

In a year marked by falling oil prices and industry-wide cutbacks, Permian Resources has emerged as a rare success story. While many oil and gas giants slipped in the Forbes Global 2000 rankings amid a 15% drop in crude prices and rig reductions across the U.S., this young, fast-growing operator made its debut at No. 1762. Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market.

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