Western Midstream Partners’ (NYSE: WES) newly announced restructuring of its Delaware Basin natural gas gathering agreements with Occidental Petroleum and ConocoPhillips is not simply a contract amendment. It is a clear example of how midstream infrastructure is being redesigned to support the next phase of Permian development.
Diamondback five top priorities shaping Diamondback’s 2026 game plan, and why they matter not just for investors, but for service companies, midstream providers, and anyone trying to understand where the Permian is heading next.
Tourmaline Oil Corp., Canada’s largest natural gas producer, surprised the market with a strategic pivot in its Q3 2025 earnings call: the company is pursuing a potential sale of its Peace River High (Charlie Lake) light oil and gas complex, a flagship asset located in northwest Alberta.
ConocoPhillips continues to demonstrate disciplined, sequential development across South Texas, as seen in the evolution of the Ruckman Ranch Unit in Karnes County and the emerging Ruckman Trust Unit in neighboring DeWitt County. Both projects illustrate how tightly integrated drilling, completion, and environmental permitting have become across the Eagle Ford play.
Vital Energy’s recent air permit approval for the Rambo State TB facility and its active drilling program in Reeves County highlight a strong commitment to production growth in the Delaware Basin. With Crescent Energy’s $3.1 billion acquisition of Vital, Reeves County emerges as a cornerstone asset, blending regulatory approvals, drilling momentum, and strategic scale.
GulfTex Energy is a privately held oil & gas exploration, production, and development company based in San Antonio, Texas.
Diamondback Energy’s 2025 momentum reflects disciplined execution, with strong cash generation, aggressive capital returns, and strategic infrastructure investment. As drilling activity remains concentrated in high-return core counties, the concurrent increase in facility permitting signals continued optimization of its upstream-to-midstream value chain.
Precision Drilling Corporation’s Q4 2024 earnings report highlighted this evolving dynamic, showing how efficiency gains are reshaping the market and affecting short-term rig demand. The company acknowledged the challenges posed by drilling efficiency but pointed to long-term opportunities for high-tech, automated rigs, particularly in gas basins.
Texas Petroleum Investment Company (“TPIC”) is a Houston based, private exploration and production company with principal operations along the gulf coast of Texas, Louisiana, Mississippi, and Alabama.
Antero Midstream is a full-service midstream energy company with operations in the Appalachian Basin.
