Kinetik said its Q2 2026 earnings call that its Permian operations were boosted by structural tailwinds from gassier production, increased natural gas takeaway capacity and surging power demand.
Venture Global reports continued progress in building the CP2 export terminal. It also touted its commercial progress toward FID on two bolt-on projects near existing facilities.
Sempra discussed LNG project timelines and Texas electric demand in its 2nd quarter earnings call.
MPLX's latest earnings call, on August 4th, reinforced that the partnership remains focused on expanding its natural gas and NGL value chain rather than pursuing major crude oil infrastructure projects.
On its Q2 2026 earnings call, Plains All American (Plains) raised its Permian oil production outlook to growth of 100-200 Mb/d on an exit-to-exit basis for 2026 versus 2025, up from a prior forecast of roughly flat, and attributed the change mostly to new natural gas takeaway capacity a
Targa's Permian volumes hit a record 7.2 Bcf/d in Q2, up 450 MMcf/d from Q1, "almost two plants worth of gas in one quarter," as CEO Matt Meloy put it, and that came despite 200–400 MMcf/d shut in on any given day because of week Waha natural gas prices.
Chord Energy is looking for more oil from the wells it already has.
ConocoPhillips in its Q2 2026 earnings call stated second-quarter production was 2,248 Mboe/d, above the top of guidance, and highlighted a Permian record of 920 Mboe/d. Permian output rose about 10% year over year in the first half.
On its Q2 2026 earnings call, Western Midstream (WES) emphasized water handling is now its fastest-growing business, with throughput up roughly 85% this year, and CEO Oscar Brown put it plainly: in the Permian, "crude oil and natural gas flow assurance does not happen without a solution for produced water."
Shell’s strong second-quarter 2026 results were helped by an increasingly diversified LNG portfolio, but management’s comments suggest the bigger story may be what comes next in Canada.
