Kinetik said in 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.
By 2050, Kinetik said it expects the gas-to-oil ratio (GOR) in the Delaware Basin to increase by nearly 75% to ~7.1 Mcf/bbl (left side of chart below) as activity shifts to gassier benches. It said highly productive gas plays like the Barnett, Woodford and Alpine High become increasingly attractive as gas fundamentals improve. Kinetik also said it expected ~5 Bcf/d of egress capacity additions by Q1 2027 (middle section of chart) to drive pipeline utilization below 90% for next two years, narrowing Waha’s price discount.
