Fort Worth-based Brazos Midstream said last week its subsidiary Brazos Midland completed expansion of its senior credit facility to $1.1 billion from $225 million in commitments from a syndicate of banks.  The funds will support the ongoing expansion of Brazos’ natural gas gathering and processing system in the Midland Basin. William Butler, CFO, said Feb. […]

Oklahoma City-based Devon Energy said this week in its 2025Q4 financial and operational report that production averaged 851,000 boed to exceed top end of guidance.  The result was driven by better-than-expected well performance primarily in the Delaware Basin.  Oil totaled 390,000 barrels per day in 4Q.  Devon exited 2025 with estimated proved reserves of 2.4 […]

Appalachia has supplied the largest share of natural gas production in lower 48 in recent years, but growth has slowed because of pipeline constraints.  FERC authorized the Mountain Valley pipeline to begin operations in 2024 to add new takeaway capacity.  U.S. Energy Information Administration said Feb. 13 that production in Appalachia is expected to increase […]

Count of active drilling rigs in U.S. was unchanged in the past week after the addition of 3 gas-directed rigs and the loss of 3 oil-directed rigs left the total count at 551 active rigs for the second week in a row.  Baker Hughes said in its weekly report of Feb. 13 the count declined […]

U.S. Energy Information Administration said the nation’s natural gas marketed production is forecast to increase 2 percent to average 120.8 Bcfd this year and then increase again in 2027 to 122.3 Bcfd.  About 69 percent of the forecast total production in the next 2 years is expected to come from Permian, Appalachia and Haynesville. In […]

U.S. Energy Information Administration said Henry Hub spot prices for natural gas averaged $7.72 per million BTU in January.  That’s an increase of 81 percent from December because of “increased heating demand, reduced production and large inventory withdrawals as winter storm Fern blanketed a large portion of the U.S.”  In its short-term energy outlook released […]

Enverus’ latest rig count update released this week shows the number of frac crews in Permian Basin has increase in the past week and the past year.  As of Jan. 23, 2026, there were 106 crews in Permian Basin compared to 94 a week ago and 103 a year ago.  Across the U.S., there were […]

Findlay, Ohio-based MPLX said recently its capital spending for 2026 is expected to be about $2.7 billion, including an expansion of its Permian-to-Gulf Coast integrated value chain.  The capex will be comprised of 90 percent focus on growth capital and 10 percent on maintenance capital.  MPLX is progressing its long-haul pipeline growth to support expected […]

U.S. Energy Information Administration this week repeated its forecast of declining crude oil prices in 2026 and 2027.  After an estimated average of $69 per barrel in 2025, EIA said Feb. 10 in its short-term energy outlook that the price is expected to average $58 per barrel this year and $53/b in 2027.  EIA said […]

A second oil and gas company in the past week has announced relocation of its headquarters from Oklahoma City to Houston.  Expand Energy said this week chairman Mike Wichterich has been named interim CEO after the departure of CEO Nick Dell’Osso, who also resigned his seat on the company’s board.  Expand said it will relocate […]