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CIR Research Desk

CIR Research Desk

DUC Wells by Basin 2026: Inventory Tracker and Production Implications

DUC Wells by Basin 2026: Inventory Tracker and Production Implications

What Are DUC Wells? A drilled-but-uncompleted well is exactly what it sounds like: the wellbore has been drilled to total depth, casing has been run, and the hole is ready for hydraulic fracturing — but the completion work hasn't happened yet. The well sits in inventory, representing

Oil field among barren rock formations — West Texas Permian Basin

Devon Q1 2026: Merger-Ready Results as Delaware Basin Close Looms Tomorrow

Devon Energy Q1 2026: 387,000 bbl/d oil at the top of guidance, $816M free cash flow, and Coterra merger closing tomorrow. Plus: RBL redeterminations, drilling contractor capital discipline at $100 WTI.

EOG and OXY Q1 2026: Discipline Pays at $100 WTI

EOG and OXY Q1 2026: Discipline Pays at $100 WTI

EOG Resources and Occidental Petroleum both reported Q1 2026 results today, and the pattern is unmistakable: disciplined operators with well-positioned acreage are converting high commodity prices into exceptional financial performance. Both companies exceeded their own guidance. Both are running tighter balance sheets than a year ago. The market rewarded

Diamondback Q1 Beats, Devon-Coterra Passes: Permian Scores Going Into Tuesday

Diamondback Q1 Beats, Devon-Coterra Passes: Permian Scores Going Into Tuesday

Diamondback Energy opened Q1 2026 earnings season with a clean beat Monday evening, and Devon Energy's merger vote with Coterra passed overwhelmingly. Tuesday's session opens with WTI holding near $100 as the upstream sector digests what both mean for operator spending in a market that keeps

The Vote Closes, the Price Holds: What Monday's Full Picture Means for the Delaware Basin

The Vote Closes, the Price Holds: What Monday's Full Picture Means for the Delaware Basin

Devon Energy shareholders voted today on the Coterra merger as WTI held above $107. The combined Delaware Basin competitive map, the backstop supply story, and what the restrained rig count means for service company pricing.

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI opens at $107.42 as Devon Energy and Coterra Energy shareholders vote on their all-stock merger. The frac sector discount to crude is running out of fundamental justification.

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

The Sunday Test WTI closed out the first full week of May above $100 for the first time in the modern shale era, and Devon Energy shareholders walk into Sunday's special meeting with that number in the back of their minds. The vote on the Devon-Coterra merger