Baker Hughes released its latest rig count on Friday, showing a slight pullback in U.S. drilling activity. The total U.S. rig count slipped by one to 538, as oil rigs declined while gas rigs held steady.
Oil Rigs Down 1, Gas Rigs Hold – Baker Hughes
Crescent Energy’s (CRGY) announced $3.1B all-stock acquisition of Vital Energy (VTLE)
Crescent Energy will acquire Vital Energy in a $3.1B all-stock deal, creating a top 10 independent E&P with scaled positions in the Permian, Eagle Ford, and Uinta basins, focused on free cash flow, $90–100M in synergies, and a pathway to investment-grade strength.
WaterBridge Infrastructure Files for U.S. IPO, Expanding Its Role in Permian Water Management
Houston-based WaterBridge Infrastructure has filed for a U.S. initial public offering (IPO), signaling growing momentum in the listings market as energy infrastructure attracts fresh investor interest.
Crescent Energy Eyes Vital Energy Purchase in Major Permian Expansion
Crescent Energy (CRGY) is reportedly in advanced talks to acquire Vital Energy (VTLE), a deal that could reshape its footprint in U.S. shale and add significant scale in the Permian Basin. According to Reuters, the transaction could be announced as early as next week, though details remain under wraps and negotiations could still fall apart.
NorthRiver Midstream’s Gordondale Gas Plant Upgrade: What it Means for Montney Producers
NorthRiver Midstream (NRM) has filed a licence amendment for its Gordondale Gas Plant in Alberta’s Grande Prairie field centre—an incremental but meaningful step for reliability, H₂S handling, and liquids recovery in the heart of the Montney. Below is a clear look at what’s changing, why it matters, and how it fits within NRM’s broader growth story.
Momentum Midstream Secures Permit for New 36-Inch Gathering Pipeline in East Texas
Momentum Midstream has received approval from the Texas Railroad Commission for its latest greenfield development: the New Generation Gas Gathering (NG3-109) pipeline, a 36-inch natural gas gathering line spanning 30.8 miles across San Augustine and Shelby counties. The permit, issued August 8, 2025, underscores Momentum’s continued commitment to expanding critical infrastructure that links wellhead production to downstream markets.
Bay Runner Pipeline Secures Key Permit for Agua Dulce Compressor Station, Advancing South Texas LNG Growth
The Agua Dulce Compressor Station permit for Bay Runner Pipeline LLC has been issued and completed (PBR #181163). The pipeline, set for in-service by late 2026, will be a key intrastate natural gas transportation system, supporting LNG exports and domestic energy security.
Steady-State Development Programs: A Smarter Approach to Oil & Gas Growth
In the past, oil and gas development often followed a boom-and-bust rhythm. When prices rose, drilling surged. When prices fell, activity slowed, rigs were laid down, and production dropped. This cycle created volatility not only in production profiles but also in cash flows, supply chains, and workforce stability.
Spot Price vs Forecast: Understanding Natural Gas Dynamics
When it comes to natural gas markets, spot prices and forecast prices are key—but distinctly different—metrics. Here’s how they compare and what the latest EIA data reveals.
Drilling Down: Rig Count Stabilizes, But Permian Weakness Deepens – Baker Hughes
U.S. drilling activity steadied this week after a three-week decline, signaling a pause in the sector’s recent slowdown. Baker Hughes reported the total rig count holding at 539.
