Browsing Tag
Permian Basin
119 posts
Devon Energy generates $1.7bn as Coterra integration accelerates
Devon beat production guidance and returned $1.1 billion as merger synergies, debt reduction and Permian expansion reshape its outlook.
ExxonMobil (NYSE: XOM) Q2 2026 profit hits $14.5bn as Permian and Guyana lift upstream
ExxonMobil's Q2 profit hit $14.5B, its biggest in four years, but $3.52 EPS missed the $3.63 consensus as Middle East reserves capped a record cash quarter.
Chevron reports record $12.1bn Q2 2026 earnings on 20% production surge
Chevron delivered $12.1B Q2 earnings and record 4.07 MBOED output; a 20-year Microsoft AI power deal reframes the story around energy for data centres.
Ovintiv (OVV) Q2 2026: Net debt cut 42%, buybacks lift to 63% of free cash flow
Ovintiv's $2.82B Anadarko sale cut leverage to 0.6x and lifted Q2 buybacks to 63% of FCF, but the divestiture booked a $337M loss and EPS missed Street.
Six rigs, 20% more capacity: Why Ensign Energy is buying Citadel Drilling now
Ensign Energy Services will add six high-spec rigs and managed pressure drilling capabilities in the Permian Basin, but financing and undisclosed deal economics leave critical questions for investors.
Kimbell Royalty Partners (NYSE: KRP) to buy $215.4m royalty portfolio across four basins
Kimbell Royalty Partners agrees a US$215.4 million four-basin royalty acquisition as production growth, dilution and leverage come into focus.
Viper Energy (Nasdaq: VNOM) closes $522m Riverbend royalty acquisition to deepen Permian Basin position
Viper Energy ($VNOM) closes the Riverbend royalty acquisition with $337 million in cash and 3.7 million shares. The next test is whether 4,000 BOE per day of acquired production can increase distributable cash flow per share.
Trace Midstream plans 250 MMcf/d Apollo Gas Plant as Permian infrastructure race accelerates
Permian gas volumes are outrunning infrastructure. Trace Midstream’s 250 MMcf/d Apollo plant tests whether integrated capacity can restore reliability.
American Electric Power’s AEP Texas secures $3.26bn grid loan as AI demand reshapes power infrastructure
Read how American Electric Power’s $3.26bn AEP Texas grid loan could reshape AI-era power demand, infrastructure growth and utility sentiment.
Western Midstream (NYSE: WES) tests whether Permian wastewater can become its next growth business
Western Midstream is testing whether Permian produced water can become a new freshwater business. Discover what JIP 2 means for WES investors.