Energy Analytics

The Week in Energy – Dec. 12, 2025

byEnverus

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. 
Whats next in energy promotional banner

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.   

To learn more, reach out to businessdevelopment@enverus.com or visit www.enverus.com

Picture of Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content
Enverus Press Release - E&Ps with natural gas + CCS pave way for model data center development
Post
Power & Renewables
ByEnverus

MISO hit its $10,000/MWh cap on Sept. 2 as evening load surged, solar output collapsed, and imports weakened, triggering an EEA2 alert.

Enverus Intelligence® Research Press Release - Enhanced geothermal systems: The future of reliable, green power for AI data centers?
Post
Power & Renewables
ByEnverus

A $1 million-per-MW gap separates buying gas capacity from building it. See why utilities rarely run that comparison, and what it takes to defend the answer.

Enverus Press Release - Enverus Acquires BidOut, energy’s leading AI-powered procurement platform provider
Post
Power & Renewables
ByEnverus

Most FTR losses come from sound analysis with incomplete visibility. Learn the five pitfalls that separate winning desks from ones that explain away the losses.

Enverus releases Top 50 Public E&P Operators of 2024
Post
Trading & Risk
ByJuan Arteaga, Principal Analyst, Enverus Intelligence® Research

Enverus insight on solar and battery storage growth, Duke Energy plans, and whether policy incentives can close the merchant revenue gap.

Enverus Press Release - OFS prices expected to bottom out by year’s end
Post
Trading & Risk
ByAl Salazar, Enverus Intelligence® Research (EIR) Contributor

How the Venezuela oil deal impact on Canada oil sands changes Gulf Coast competition and pipeline math.

Enverus Media Advisory - Welcome to Enverus EVOLVE: The pivotal event for energy professionals, thought leaders and experts
Post
Operators
BySimon Goettl

Reservoir engineers at lean E&P teams juggle type curves, AFEs, and land workups solo. Here's why deal evaluation slows down, and what it costs.

Enverus Intelligence® Research Press Release - The Canadian oil sands’ low-breakeven resource advantage
Post
Operators
ByEnverus

See how one upstream operator moved field ticketing and AFE approvals off paper, capturing the financial authority signature once to cut manual work downstream.

Enverus Press Release - Enverus honored as one of Alberta’s leading employers
Post
Energy Analytics
ByJimmy Fortuna

Waiting on AI adoption isn't a neutral choice. See where the cost of delay actually shows up, in lost work, lost expertise, and lost ground.

Enverus Press Release - How much production growth can North America deliver over the next decade?
Post
Trading & Risk
ByChris Griggs

Spot five signs your market data maintenance is slowing analysis and learn quick fixes to streamline workflows.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Ready to Subscribe?

Ready to Get Started?