This week’s energy headlines spotlight U.S. upstream portfolio shifts, rising Haynesville activity, LNG offtake momentum, offshore drilling strength, and major international discoveries. Here are five stories that stood out:
Top Stories
- Ovintiv to exit Anadarko Basin in $3B deal after 7-year run
Ovintiv agreed to sell its Anadarko Basin assets for $3 billion in cash, concentrating its portfolio in the Midland Basin and the Montney. Management says the move accelerates debt reduction and supports higher shareholder returns.
- SM sells about 40% of its Eagle Ford to Caturus for $950MM
SM Energy is selling about 40% of its Eagle Ford position to Caturus for $950 million, helping it complete its $1 billion divestiture target. The transaction gives Caturus a decade of drilling runway and expands its South Texas platform.
- Comstock boosts Haynesville activity on improved price outlook
Comstock plans to run nine rigs this year, drill more than 60 wells, and bring over 70 online across the Haynesville. Activity will be weighted heavily toward the Western Haynesville as gas pricing improves.
- CNX to push $500MM in senior note debt from 2029 to 2034
CNX extended $500 million in senior note maturities from 2029 to 2034, continuing a multi-year effort to simplify and lengthen its debt profile. The move reinforces the company’s financial flexibility.
- Saudi Aramco confirmed as a Commonwealth LNG offtaker
Caturus signed a 20year agreement with Saudi Aramco for Commonwealth LNG, lifting contracted volumes to 7 mtpa. The project is moving closer to a final investment decision as commercial momentum builds.
Additional Stories
Also this week: Glenfarne added senior capital leadership, ADNOC Drilling expanded internationally, Noble reported a stronger 2027 offshore backlog, Eni confirmed scale at Calao, Azule Energy delivered a major Angola discovery, and Verde Clean Fuels paused its Permian gas-to-gasoline project.
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