Insight

US upstream in brief: Chevron signs 20-year PPA with Microsoft for west Texas data center

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The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Coverage includes US onshore and Gulf of Mexico. Sources for the news stories include company press releases, industry events, press coverage, and our own modelling changes. The facts are presented, but more importantly we discuss implications for our modelling.

Table of contents

  • Chevron signs 20-year PPA with Microsoft for west Texas data center
  • Another Japanese buyer swoops in on shale gas
  • Utah's infrastructure tax credit lifts producers but leaves long-term egress questions
  • Kaskida and Tiber farmdown: not all stakes are created equal
  • Sixth Street doubles down on US gas
  • APA Corporation bulks up in Alaska and takes on operatorship
  • Smarter completions, moreopexand shallower base declines – the talk of the town in Midland
  • Chart of the week: Jurassic Spark - is the industry overlooking the Norphlet play?
  • ABS across the aisle: notes from the Energy Capital Conference
  • Stone Ridge’s US$8 billion Marcellus bid tests Devon’s post-merger strategy
  • Shell’s Mars platform first in Gulf of America to produce one billion barrels
  • PE-monetization continues as Bison IV looks to exit the DJ Basin
  • 23 more item(s)...

Tables and charts

This report includes the following images and tables:

    Chevron Permian production outlookEagleRidge operated well heatmapEagleRidge Barnett activity, production and PDP forecast
    Capital expenditure relief per project PV soldSan Juan Mancos gas type curve*Badami monthly oil production by wellMidland Wolfcamp vintage declines20k-psi and Norphlet field type curve comparisonMars platform well-level production rate vs cumulative productionMars platform well-level cumulative productionDJ Basin - Bison IV and Japex leasehold
  • 24 more item(s)...

What's included

This report contains:

  • Document

    BLM May2026 Lease Sale Map.html

    HTML 81.74 KB

  • Document

    2026 June 16 GOM Deepwater Dashboard.pdf

    PDF 258.83 KB