Dafinchi AI

OKE

Energy & Utilities

2w

Final Investment Decision on Permian Delaware Basin Natural Gas Processing Plant

Announced a $365 million FID for a new 300 MMCF/day plant in the Permian's Delaware Basin, supporting strategic growth in a key area.
Project supports increasing processing capacity to 1.1 BCF/day in the basin, with over 700 MMCF/day currently operational.
Expected completion in mid-2027, with additional low-cost expansions and new capacity driven by acreage dedication and producer activity.

EOG Resources, Inc.

EOG

Energy & Utilities

1w

Encino Acquisition and Utica Asset Integration

EOG completed the $5.6 billion Encino acquisition, adding 1.1 million net acres in the Utica, which now forms a core part of its portfolio alongside the Delaware Basin and Eagle Ford.
The company sees the Utica as a growth asset with a resource potential of over 2 billion barrels of oil equivalent, offering high returns (over 55% at bottom cycle prices and over 200% at mid-cycle prices).
Early integration efforts are exceeding expectations, with initial synergies of at least $150 million annually within the first year, mainly from well cost reductions and G&A efficiencies.
EOG plans to operate 5 rigs and 3 completion crews in the Utica through the rest of 2025, leveraging its proprietary technology and operational model to unlock additional value.
The company expects to bring well costs in line with its existing operations, with a focus on infrastructure, location construction, and midstream agreements to optimize production and costs.

DT Midstream, Inc.

DTM

Energy & Utilities

2w

FID on $600 Million of New Organic Growth Projects with 90% in Pipeline Segment

Reaching FID on approximately $600 million of new projects, with about 90% within the growing pipeline segment.
Key projects include a 15% capacity expansion of Guardian Pipeline anchored by a 20-year negotiated rate contract with an investment-grade utility.
First phase of interstate pipeline modernization focusing on Guardian Pipeline to improve reliability, supported by regional power demand growth and LNG connectivity.

Permian Resources Corporation

PR

Energy & Utilities

1w

Permian Resources Achieves Investment-Grade Credit Rating from Fitch

Permian Resources announced it received its first investment-grade rating from Fitch, recognizing its strong credit metrics and operational track record.
This rating milestone is expected to influence the company's ability to access more favorable debt terms and expand financing options.
Management highlighted that the Fitch recognition reflects their disciplined financial strategy and robust free cash flow generation.
Achieving investment-grade status positions Permian Resources as a more attractive partner for future acquisitions and strategic investments.

Gulfport Energy Corporation

GPOR

Energy & Utilities

1w

Strategic Acreage Acquisition and Inventory Expansion in Utica Shale

Gulfport announced plans to allocate up to $100 million for discretionary acreage acquisitions in the Utica Shale, marking the highest leasehold spend in over 6 years.
The company aims to secure 40 to 50 new wells in Belmont and Monroe counties, focusing on low breakeven, high-quality acreage.
These acquisitions are expected to add more than 2 years of core drilling inventory, reinforcing long-term growth prospects.
The targeted areas are adjacent to current operations, allowing for synergies and infrastructure advantages.
The company has already invested $7 million in Q2 2025 and plans to continue aggressive land acquisition efforts into early 2026.
This strategic focus on high-return wet and dry gas windows demonstrates a proactive approach to resource development.

SM Energy Company

SM

Energy & Utilities

2w

Successful Integration and Optimization of Uinta Basin Assets

Completed integration of Uinta Basin assets, entering optimization phase.
Active pursuit of margin-enhancing opportunities across the value chain.
Drilled the first 3-mile lateral in the upper cube, setting stage for higher future returns.
Achieved record daily volume transported from Price River Terminal via rail, with waxy crude commanding a market premium.
Relocated remote e-fleet to frac over 30 wells into 2026 using 100% recycled water, enhancing sustainability and cost efficiency.

Select Energy Services, Inc.

WTTR

Energy & Utilities

1w

Strategic Growth in Water Infrastructure with Long-term Contracts

Signed several new long-term agreements for large gathering, recycling, distribution, and disposal projects in the Northern Delaware Basin.
Added approximately 60,000 acres of leasehold dedication and 385,000 acres under right of first refusal agreements.
Contracts encompass full water cycle including gathering, recycling, disposal, and distribution.
Contracts support expansion of recycling facilities and pipeline infrastructure.
Expectation of 20% YoY growth in water infrastructure revenue in 2026, building on double-digit growth in 2025.

Unitil Corporation

UTL

Energy & Utilities

2w

Progress and Potential Settlement in Maine Natural Gas Acquisition Review

The regulatory review of Maine Natural Gas is on schedule with a decision deadline of November 5.
The Office of the Public Advocate did not object to the acquisition, which is a positive sign.
Technical conferences are planned for August and September, with a possibility of reaching a settlement that could lead to an earlier decision.

Riley Exploration Permian, Inc.

REPX

Energy & Utilities

1w

Financial Performance Summary

Adjusted EBITDAX margin was 66%, down from 71% a year ago, reflecting resiliency despite lower prices.
Barrels of oil equivalent production increased 1% quarter-over-quarter and 14% year-over-year to 2.22 million barrels.
Cash flow from operations in Q2 2025 was $33.6 million, down quarter-over-quarter due to lower oil prices and working capital changes.
Debt increased to $284 million at quarter end, primarily due to Silverback acquisition funding, with total debt at $401 million as of August 1.
Net production declined slightly from 1.41 million to 1.38 million barrels of oil quarter-over-quarter but increased 3% year-over-year.
Operating expenses (LOE and cash G&A per BOE) decreased by 5% to 7% compared to prior periods.
Realized oil prices before hedges fell 11% quarter-over-quarter and 22% year-over-year; prices after hedges fell 7% quarter-over-quarter and 14% year-over-year, showing effective risk management.