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KLX, Forum, and the Devon-Coterra Effect: What Q1 Completions Data Says About the Rest of 2026

KLX Q1 at $145M revenue and a $167M Q2 midpoint. Forum backlog up 44% YoY with book-to-bill of 106%. Devon-Coterra's combined Delaware Basin entity is the wild card for H2 vendor selection. Here's what the data says.

WTI Opens at $102, Brent Holds $110: What's Behind This Week's Bid — and the $38B M&A Signal

WTI opens the week at $102.28 as Brent holds above $110. US upstream M&A hits $38B year-to-date. Chinese refiners cut crude runs. Frac sector re-rating thesis at Monday open.

Five Up, $97 Floor: Friday's Rig Count Says Operators Aren't Blinking

WTI touched $97.23 intraday Friday before recovering to close near $101.26. A $4-plus swing on the week's last session. The geopolitical backdrop — Iran, Hormuz, Commonwealth's $13B LNG FID that printed this morning — gave traders every reason to volatility. They took it. Then they handed

KLX, Forum, and the Devon-Coterra Effect: What Q1 Completions Data Says About the Rest of 2026

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WTI Opens at $102, Brent Holds $110: What's Behind This Week's Bid — and the $38B M&A Signal

Five Up, $97 Floor: Friday's Rig Count Says Operators Aren't Blinking

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