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 - Enverus Earns Top Workplaces Honors for Fourth Consecutive Year
Post
Power & Renewables
ByEnverus

MISO's August 2026 outlook: softer peaks vs. July, forecast converging with the market, and new Gulf Coast gas capacity reshaping South flows.

Enverus Press Release - No pain, no gain: Short-term headwinds for natural gas could bring beneficial long-term tailwinds
Post
Operators
BySimon Goettl

Manual lease review breaks down at scale, and buried obligations don't surface until it's too late. See how operators are closing that gap.

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

ERCOT's August 2026 risk hinges on baked-in heat, 80 GW peak scenarios, and CP exhaustion. See what could keep prices high despite a cheaper supply stack.

Enverus Press Release - Enverus honored as one of Alberta’s leading employers
Post
Trading & Risk
ByChris Griggs

Why diesel crack spread hits $100: refining outages, not crude, driving record diesel prices and pump pain.

Enverus Press Release - Decoding CCUS project success
Post
Trading & Risk
ByAlex Nevokshonoff, Senior Analyst, Enverus Intelligence® | Research (EIR) Contributor

Explore Enverus forecasts: behind-the-meter generation growth to 2030, modular gas and fuel cells outpacing large CCGTs for data centers.

Enverus Press Release - Data center demand and quantifying the exponential levers needed to power them
Post
ByIan Elchitz

Alberta oil sands producers waiting for $100 oil while weighing CCUS costs, pipeline choices and market volatility.

Enverus Press Release - Enverus Acquires BidOut, energy’s leading AI-powered procurement platform provider
Post
Trading & Risk
ByAl Salazar, Enverus Intelligence® Research (EIR) Contributor

Alberta oil sands producers waiting for $100 oil while weighing CCUS costs, pipeline choices and market volatility.

Enverus Press Release - Enverus releases Investor Analytics: Refined, actionable financial insights at your fingertips
Post
Power & Renewables
ByCarson Kearl, Enverus Intelligence® Research (EIR) Contributor

Texas data center moratorium targets audits on tax breaks and community impact; ready projects continue through Batch Zero.

data-center-demand
Post
Power & Renewables
ByEnverus

Virginia's new data center tax and Dominion's GS-5 rate class reveal who really pays for load growth, and which cost-allocation tool actually holds up.

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?