This week’s energy headlines spotlight upstream divestitures, Haynesville drilling partnerships, longer lateral trends, midstream acquisitions and growth outlooks from major players. Here are five stories that stood out:
Top Stories
- Crescent Energy sells DJ Basin assets and launches exchange offer
Crescent Energy is divesting non-core DJ Basin assets for $90 million while initiating an exchange offer tied to its Vital Energy acquisition. These moves streamline its portfolio and strengthen its balance sheet ahead of integration.
- Black Stone Minerals strikes Haynesville drilling deal
Black Stone Minerals signed a drilling agreement with Caturus Energy covering 220,000 acres in the Haynesville. The multi-year program positions both companies to capitalize on growing gas demand and expand development in a key basin.
- Chord Energy pushes limits with 4-mile laterals in Williston
Chord Energy drilled three 4-mile laterals in the Williston Basin faster and cheaper than expected. Strong early production results highlight efficiency gains and signal a shift toward longer laterals for improved economics.
- Targa acquires Delaware gas gathering assets for $111 million
Targa Resources is acquiring gas gathering infrastructure from Riley Exploration in the Delaware Basin. The $111 million deal strengthens Targa’s Permian footprint and adds critical assets under long-term contracts.
- Enbridge targets earnings growth with $8 billion in new projects
Enbridge reaffirmed its outlook for adjusted earnings and distributable cash flow growth in 2026. The company announced C$8 billion in projects entering service next year, underscoring its commitment to long-term expansion.
Additional Stories
Also this week: Hess Midstream trims $30 million from its 2025 budget, DXP Enterprises expands water services with Pump Solutions, Mammoth Energy divests Aquawolf for $30 million, DevvStream merges with Southern Energy Renewables for a Nasdaq listing and Eni accelerates LNG exports from Congo with early FLNG startup.
To learn more, reach out to businessdevelopment@enverus.com or visit www.enverus.com.
