The Lone Star State’s natural gas and oil operators are heading into 2026 with confidence that rising power demand from data centers, increasing LNG exports and continued population growth may offset concerns about global oversupply.

Stacked area chart showing Lower 48 dry natural gas production by formation from 2008 to 2025, highlighting growth led by the Permian, Haynesville and Marcellus, with additional output from Utica, Eagle Ford, Bakken and other U.S. regions measured in Bcf/d.

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At A Glance:

Power demand growth “underappreciated”More exports anchoring long-term gas demandGas infrastructure underpinning grid reliability