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CIR Editorial

CIR Editorial

Natural gas processing facility and pipeline, LNG export terminal

Natural Gas Producers: The Recovery Trade

Natural gas producers entered 2026 with something they hadn't felt in two years: pricing power. After Henry Hub spent most of 2024 below $2.50/MMBtu — touching sub-$2.00 in early 2024 — the commodity has recovered meaningfully heading into the 2025–2026 winter. The question now is

Permian Basin pumpjacks operating at sunset, West Texas oil production

Permian Independents Q4 2025: Efficiency Wins, Portfolios Shift, and One That Won't Be Reporting Again

CIR Earnings Research | Batch 2 of 9 | OVV · PR · MTDR · SM · VTLE The second wave of Permian independent earnings tells a consistent story on the operational front—drilling and completion costs are falling, lateral lengths are growing, and every management team is claiming capital efficiency wins—but underneath that uniformity,

Oil and gas production facility representing E&P company quarterly performance

Q4 2025 Earnings Deep Dive: Full Season Recap

Q4 2025 earnings season is in the books, and the picture that emerges is one of an industry that has internalized the discipline lesson — but is now navigating a more nuanced environment than the simple free-cash-flow maximization story of 2022–2023. The Majors: Integration Completes, Guidance Sets the

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

NAPE Summit 2026 Recap: Deal Flow and Market Sentiment

NAPE Summit returned to Houston's George R. Brown Convention Center in late January 2026, and after two years of megadeal hangover, the upstream industry showed up with something it hadn't brought in a while: genuine curiosity about what comes next. The North American Prospect Expo is

Oil and gas production facility representing E&P company quarterly performance

Q4 2025 Earnings Preview: Year-End Reckoning

Earnings season for Q4 2025 kicks off in earnest in late January, with the bulk of the E&P majors reporting through mid-February. This is the year-end reckoning: full-year production vs. guidance, free cash flow generation against a backdrop of $70 WTI, and — critically — how operators

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

New Year Preview: What's on the Calendar for Q1 2026

The calendar flips in three days. Before it does, here is what you need to have on your radar for Q1 2026 — the key dates, the events that will move the needle, and the questions we will be tracking in the first weeks of the new year. January: Budgets Finalize,

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

Year in Review: The 10 Biggest Upstream Stories of 2025

Twelve months. Eight articles a month from CIR. Dozens of stories tracked, hundreds of data points analyzed. Here are the ten upstream stories that actually mattered in 2025 — the ones that will shape what comes next. 1. The Post-Merger Integration Test 2024 was the year of the megadeal. 2025