Permian

USA Compression will acquire J-W Power Company in an $860 million deal, expanding its compression fleet to 4.4 million horsepower and strengthening its footprint across key U.S. basins.

Targa Resources is acquiring Stakeholder Midstream for $1.25 billion, adding 480 miles of Permian gas pipelines and expanding its sour-gas treating and carbon-capture operations. The deal strengthens Targa’s Permian position and adds $200 million in annual free cash flow.

WhiteWater has expanded its Eiger Express Pipeline project, upsizing the Permian-to-Katy line from 42 to 48 inches and boosting capacity to 3.7 Bcf/d. Backed by the Matterhorn JV, ONEOK, MPLX and Enbridge, the project strengthens long-haul gas takeaway to Gulf Coast and LNG export markets while remaining on track for a mid-2028 in-service date.

Permian drilling activity is falling as $60 oil forces operators to idle rigs, cut crews, and slow spending, raising concerns about future production growth.

Enterprise and ExxonMobil will boost the Bahia NGL pipeline to 1 million bpd and build a 92-mile New Mexico extension serving the Permian Basin under a new joint-interest agreement expected to close in early 2026.

LandBridge signed a long-term lease with ONEOK for a Permian gas processing site and added roughly 37,500 acres to support produced-water and midstream projects across West Texas, boosting surface-use royalties and project activity.

bp agreed to sell a $1.5 billion minority stake in its Permian and Eagle Ford midstream assets to Sixth Street, while retaining operatorship and majority ownership. The deal supports bp’s plan to raise $20 billion through divestments by 2027.

The Railroad Commission of Texas (RRC) has issued more than $1 million in fines to oil, gas, and pipeline operators for regulatory violations, underscoring its continued focus on compliance, safety, and environmental protection across the state’s energy infrastructure.

Matador Resources signed new natural gas transportation and marketing agreements, including firm capacity on Energy Transfer’s Hugh Brinson Pipeline, to move 500,000 MMBtu/day from the Permian basin to Gulf Coast markets. The deal enhances exposure to NYMEX Henry Hub and LNG export pricing starting in 2026.

A 236-mile, $2.3 billion Texas-to-Gulf natural gas pipeline has reached FID, marking a major step forward in connecting key Texas gas hubs to the Gulf Coast’s growing LNG export corridor.

Cardinal Midstream Partners completed 36 miles of new gas gathering pipelines and announced a 220 MMcf/d expansion at its Pecos River Processing Complex, strengthening its Delaware Basin footprint.

Targa Resources will build the 500-mile Speedway NGL Pipeline from the Permian Basin to Mont Belvieu, expand processing capacity with the Yeti plant, and add Buffalo Run gas infrastructure in a $3.3 billion growth plan.

The expansion supports West Texas’ growing energy demand and advances Vistra’s $2 billion plan to add 3,100 MW of new capacity in ERCOT by 2028.

Energy Transfer’s Transwestern Pipeline has opened a binding season for its Desert Southwest Expansion, adding 1.5 Bcf/d of capacity to move Permian gas to Arizona and New Mexico by 2029.

West Texas is rich in natural gas but lacks the infrastructure to meet soaring AI-driven power demand. Experts say the Permian Basin must expand pipelines and generation capacity to compete with other U.S. shale regions.