This week’s energy headlines spotlight major Appalachian deals, midstream realignment, upstream divestment plans, bold growth targets from supermajors and what U.S. land drillers expect for 2026. Here are five stories that stood out:
Top Stories
- Infinity buys Antero’s Ohio Utica for $1.2B; Antero acquires HG Energy
Infinity is acquiring Antero’s Ohio Utica assets for $1.2 billion, with Northern Oil & Gas joining the deal. Meanwhile, Antero is pivoting to the Marcellus through a $2.8 billion purchase of Quantum-backed HG Energy, adding 385,000 net acres and five years of inventory life to its core position.
- Antero Midstream trades Utica for Marcellus infrastructure in $1.1B deal
Antero Midstream is selling Ohio Utica assets and acquiring Marcellus infrastructure in a $1.1 billion transaction. The move enhances connectivity and boosts free cash flow, aligning midstream operations with Antero’s upstream shift.
- SM Energy plans $1B divestment drive post-Civitas merger
Following its merger with Civitas Resources, SM Energy is targeting $1 billion in asset sales. The focus will be on PDP-heavy properties rather than inventory upside, signaling a disciplined approach to portfolio optimization.
- ExxonMobil raises 2030 targets with aggressive growth outlook
ExxonMobil projects $25 billion in earnings growth and $35 billion in cash flow growth by 2030. The plan includes doubling Permian output and accelerating carbon capture initiatives, reinforcing its long-term strategy for both hydrocarbons and low-carbon solutions.
- Chevron sets 2026 capital spending at $18–$19B
Chevron announced a sharp increase in 2026 capital spending, setting a range of $18 to $19 billion. More than half of the budget is earmarked for U.S. shale and tight plays, underscoring its commitment to domestic growth.
Additional Stories
Also this week: U.S. land drillers signal flat 2026 capex, Great Basin Gas Transmission attracts 800 MMcf/d in requests for its $1.7 billion Nevada expansion, Falkland Islands’ Sea Lion project reaches FID after 15 years and Equinor adds 110 MMboe with three near-field discoveries offshore Norway.
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