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

CIR Morning Brief — Friday, April 3, 2026

WTI crude oil roared past the $104 mark this week, closing Thursday's spot session at $104.69 per barrel according to the U.S. Energy Information Administration — a sharp $3.43 gain from Monday's $101.26 close, and a cumulative rally of more than $8 per

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

CIR Afternoon Update — April 2, 2026

WTI crude extended this morning's historic surge through the afternoon session, trading at $111.50/bbl as of 4:00 PM CT — up $11.42 on the day (+11.41%) and well past the morning spike to $107.63. Brent followed to $109.20 (+7.99%). WTI Midland,

Oil pump jacks operating in field

WTI's $35 Curve Gap: What the Hormuz Backwardation Is Really Telling Upstream Operators

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

CIR Morning Brief — Thursday, April 2

Good morning. Thursday, April 2nd, 2026 — here's what you need to know before the market opens. 💹 Overnight Price Action Crude surged sharply overnight, with WTI (May 2026 front month) jumping $8.72 to $107.63/bbl (+8.82%) and Brent Crude rising $8.62 to $108.84/bbl

Multi-basin oil and gas production operations, U.S. upstream activity scorecard

CIR Basin Scorecard: Q1 2026 Update

Each quarter, CIR publishes a clean basin-by-basin reference update using Baker Hughes rig count data and EIA production figures. This is the Q1 2026 edition. Use it as a snapshot and a baseline for tracking Q2 2026 changes. 🛢️ Permian Basin — 241 Rigs Production context: Texas output at 5,570 Mbbl/

Devon Energy upstream production operations and field activity

Devon-Coterra: The $58 Billion Bet on Delaware Basin Dominance

U.S. land drilling rig against open sky, upstream oil and gas operations

U.S. Rig Count Deep Dive: 18 Months of Basin-by-Basin Intelligence

U.S. Rig Count Deep Dive: 18 Months of Basin-by-Basin Intelligence OIL & GAS INTELLIGENCE | BAKER HUGHES WEEKLY RIG COUNT | EIA DRILLING PRODUCTIVITY REPORT 1. The Headline Number The U.S. rig count stood at 543 rigs for the week of March 27, 2026 — down 9 rigs from the prior