Oil production hit a study-period high while reserve replacement fell below 100% for the first time since 2021. Capital expenditures declined 49% and exploration represented just 3% of total spending in 2025. Natural gas reserves reached a five-year high, supported by higher discoveries, exports and rising electricity demand. HOUSTON, Sept. 9, 2026 /PRNewswire/ -- The US oil and gas industry is increasingly focused on improving the performance of existing assets while maintaining [Read more]
Enbridge and KKR Announce New Joint Venture to Support Investment in the Westcoast Pipeline System in BC
C$2.7 billion transaction led by KKR in collaboration with Apollo to fund Aspen Point and Sunrise Expansion Programs CALGARY, AB, Aug. 27, 2026 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with KKR to form a new joint venture, subject to the satisfaction of customary closing conditions, led by capital accounts advised by KKR, in collaboration with funds and affiliates managed by Apollo. The joint venture will [Read more]
Continental Resources Significantly Expands Permian Basin Position with Acquisition of FireBird Energy II
OKLAHOMA CITY, Aug. 20, 2026 /PRNewswire/ -- Continental Resources ("Continental") today announced it has entered into an agreement to acquire FireBird Energy II LLC ("FireBird"), a portfolio company of Quantum Capital Group ("Quantum"). The acquisition of FireBird, which owns approximately 54,000 net acres in the Midland Basin, significantly expands Continental's Permian Basin position and adds high-quality, oil-weighted production and development inventory adjacent to its existing [Read more]
Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast
AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and Western Midstream Partners, LP (NYSE: WES), through their Solitude Pipeline System joint venture ("Solitude"), have reached a positive Final Investment Decision ("FID") to construct two 48-inch natural gas pipelines, each running from the Permian Basin to Katy, TX. The project has secured substantial [Read more]
Whitecap Resources Inc. confirms monthly dividend for August 2026 of $0.0608 per share
CALGARY, AB, Aug. 13, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of August operations will be paid on September 15, 2026 to shareholders of record on August 31, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is a leading Canadian energy company committed to delivering reliable returns to shareholders through the [Read more]
Ovintiv Reports Second Quarter 2026 Financial and Operating Results
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged Highlights: Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including oil and condensate volumes of 206 thousand barrels per day [Read more]
Liquefied Natural Gas Set to Become United States’ 2nd Largest Net Export Industry within Five Years, S&P Global Energy Study Finds
Growth of U.S. LNG exports now expected to support 555,000 jobs annually and add $1.4 trillion to GDP through 2040 while domestic natural gas prices will remain among lowest in the world WASHINGTON, July 16, 2026 /PRNewswire/ -- Growing exports of U.S. liquefied natural gas (LNG) are now on track to support 550,000 jobs annually and contribute $1.4 trillion to U.S. gross domestic product through 2040--exceeding previous expectations--while having a negligible impact on domestic gas prices, [Read more]
Ovintiv to Host its Second Quarter 2026 Results Conference Call and Webcast on July 24, 2026
DENVER, July 2, 2026 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2026 results conference call at 9:00 a.m. MT, on Friday July 24, 2026. The Company plans to release its financial and operating results after market close, Thursday July 23, 2026. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator [Read more]
ARC Resources Ltd. announces that independent proxy advisory firms ISS and Glass Lewis have recommended ARC shareholders vote “FOR” the arrangement with Shell plc
CALGARY, AB, July 2, 2026 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that the holders of ARC common shares ("ARC Shareholders") vote "FOR" the arrangement resolution at the upcoming special meeting (the "Meeting") of ARC Shareholders to be held on July 14, 2026 at 10:00 a.m. (Mountain time). At the Meeting, ARC [Read more]
Permian Strategic Partnership Highlights $2.3 Billion in Regional Investment and Expanding Economic Impact Across the Permian Basin
New reports show the Permian Basin supports more than 940,000 U.S. jobs, generates billions in state revenue, and continues driving American energy leadership. MIDLAND, Texas, June 9, 2026 /PRNewswire/ -- The Permian Strategic Partnership (the PSP), a coalition of 25 leading Permian Basin energy companies and two university systems, today released its 2025 Annual Report and latest Power of the Permian economic impact report, highlighting how continued investment across the Permian Basin is [Read more]
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