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Permian Basin pumpjacks operating at sunset, West Texas oil production

Permian Production: When Does Growth Slow?

The Permian Basin has been producing oil faster than almost anyone predicted for the past decade. Total production from the basin — which spans the Midland and Delaware sub-basins across West Texas and southeastern New Mexico — surpassed 6 million barrels per day in 2024 and has continued pushing higher into 2025.

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

Q3 2025 Earnings Begins: First Read

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

Appalachia Gas: The Patient Trade

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

Fall 2025 Rig Count Analysis: Reading the Tea Leaves

Every Friday afternoon, Baker Hughes releases its weekly U.S. rig count — one of the most-watched data series in the oil and gas industry. The number of active drilling rigs is an imperfect but real-time proxy for operator confidence, capital deployment pace, and the near-term production trajectory of U.S.

Crude oil storage tanks and pipeline infrastructure, WTI benchmark pricing

Geopolitical Risk Premium: How Much Should Oil Price In?

Every time a tanker is attacked in the Red Sea, a pipeline is sabotaged in Iraq, or tensions escalate in the Persian Gulf, oil markets face the same question: how much is enough? How large a risk premium should be embedded in crude prices to account for geopolitical disruption risk

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

Minerals and Royalties: The Passive Income Play in Oil & Gas

In an industry defined by capital intensity, operational complexity, and commodity price volatility, mineral rights ownership stands apart as the most passive — and in many ways, most durable — way to participate in upstream oil and gas. Mineral owners don't drill wells, don't pay lease operating expenses,

Haynesville Shale natural gas wellpad, East Texas pipeline infrastructure

The Haynesville Revival: LNG Changes Everything

The Haynesville Shale in northwest Louisiana and east Texas spent most of 2023 and 2024 in retreat. Natural gas prices collapsed, drilling budgets were slashed, and the rig count in the basin fell from a peak of roughly 70 rigs to the low 40s. The basin's high-pressure, high-temperature