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Permian Basin workover rig with pumpjacks operating in background, West Texas

CIR Morning Brief — Wednesday, April 8, 2026

April 8, 2026 — Houston WTI crude collapsed $18.34 overnight — its largest single-session percentage decline since the COVID demand shock of 2020. The trigger: a conditional two-week ceasefire agreement between the U.S. and Iran announced late Tuesday by President Trump, which sent oil markets into a full risk-off unwind.

CIR Afternoon Update — April 7, 2026

CIR Afternoon Update — April 7, 2026

Oil markets remained on a knife's edge Tuesday as the Strait of Hormuz crisis entered its second month with no resolution in sight, keeping crude prices at their highest levels in nearly two decades. According to Rigzone, West Texas Intermediate settled at $112.41 per barrel Monday — up

Massive frac completion operation at night — pump trucks, frac iron manifold, workers in PPE, Appalachian completion site

Drilling Automation and AI-Optimized Completions: Who Wins in the Digital Transition?

Permian pumpjack with gas processing complex — West Texas upstream natural gas infrastructure

AI Power Demand Is Real — But Only Some Gas Basins Capture It

Night frac completion operation in Appalachian basin under stars

CIR Morning Brief — Tuesday, April 7, 2026

April 7, 2026 — Houston The most consequential demand story for U.S. natural gas producers in 2026 isn't storage draws, LNG export capacity, or even the Hormuz blockade. It may be the server farms going up across the Sun Belt. Big Tech Goes All-In on Gas — and That

Wider shot of a Paloma Pressure Control BOP/wellhead stack in East Texas pine forest — orange man-lift visible, red dirt pad, tall pines. Haynesville/East Texas land drilling operation.

CIR Afternoon Update — April 6, 2026

Continental Resources founder Harold Hamm signaled a major shift in domestic drilling strategy Monday, telling Hart Energy the company intends to deploy additional rigs across Lower 48 oil plays — including the Permian Basin — citing a duty to support U.S. allies amid elevated geopolitical uncertainty. According to Hart Energy, Hamm

Q1 2026 Earnings Preview: Which U.S. E&Ps Are Positioned for Windfall Cash Flows — and What Will They Do With Them?

Q1 2026 Earnings Preview: Which U.S. E&Ps Are Positioned for Windfall Cash Flows — and What Will They Do With Them?