At the JPMorgan Energy, Power, Renewables & Mining Conference on June 24, 2025, Devon’s CEO Clay Gaspar pushed back on peak Permian concerns
Devon Energy Outlook – CEO Clay Gaspar Speaks Confidently about the Permian

At the JPMorgan Energy, Power, Renewables & Mining Conference on June 24, 2025, Devon’s CEO Clay Gaspar pushed back on peak Permian concerns
ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin.
SLB (NYSE: SLB) and Cactus Drilling, the largest privately held U.S. land driller, have entered a strategic collaboration to accelerate adoption of automated and autonomous drilling technologies across Cactus’ rig fleet.
ConocoPhillips, one of the world’s largest independent E&P companies, is undergoing a significant transformation in 2025. From major acquisitions to innovative drilling practices and new energy demand trends, the company is actively repositioning itself for long-term resilience.
LNG Canada, the landmark export facility led by Shell in partnership with Petronas, PetroChina, Mitsubishi, and Kogas, has announced its first liquefied natural gas (LNG) production from Train 1 (5.6 mtpa) at its terminal in Kitimat, British Columbia.
The AI revolution isn’t just reshaping digital infrastructure — it’s overwhelming America’s electric grid. Data centres are emerging at an unprecedented pace, and each one demands a staggering amount of reliable, around-the-clock power. Utilities are struggling to keep up, and a critical bottleneck has formed: long waits for grid interconnection.
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), has made a major move into the critical minerals space with the acquisition of 125,000 net acres in the Smackover Formation of Northeast Texas and Southwest Arkansas. The deal, involving TerraVolta Resources and East Texas Natural Resources (ETNR), positions Chevron as a key player in the growing U.S. domestic lithium supply chain.
U.S. drilling activity continued its downward trend this week, with the total rig count falling by one to 554, according to the latest Baker Hughes report. Oklahoma saw a notable drop, losing two rigs to end the week at 47—despite being up from 35 rigs one year ago.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations.
Occidental Petroleum is proving that efficiency, innovation, and sustainability are not mutually exclusive. Through disciplined capital deployment, bold M&A, and groundbreaking technology adoption, Oxy is setting a new benchmark in shale leadership.