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Week in Review: Devon-Coterra Closes, WTI Retreats From $110

Week in Review: Devon-Coterra Closes, WTI Retreats From $110

Devon-Coterra closed May 7, creating the largest Delaware Basin operator. WTI ran to $110 before pulling back to $95. Friday's brief: the week in review, the price reset, and what comes next.

Devon-Coterra Is Closed, Permian Resources Is Investment Grade, and WTI Holds $109

Devon-Coterra Is Closed, Permian Resources Is Investment Grade, and WTI Holds $109

Devon Energy's 8-K landed in EDGAR Thursday afternoon: a two-page Item 2.01 filing confirming the merger with Coterra Energy is done. Coterra shareholders received 0.70 shares of Devon for every share held, and the combined company began trading as a unified entity before Thursday's

Permian Resources Q1 2026: Cost Machine Hits Investment Grade, $513M Free Cash Flow

Permian Resources Q1 2026: Cost Machine Hits Investment Grade, $513M Free Cash Flow

Delaware Basin's Completion Consolidation: What the Devon-Coterra Close Means for KLX, Forum, and SLB Wireline

Delaware Basin's Completion Consolidation: What the Devon-Coterra Close Means for KLX, Forum, and SLB Wireline

SM Energy Q1 2026: Civitas Integration Delivers, Synergy Target Jumps 25%

SM Energy Q1 2026: Civitas Integration Delivers, Synergy Target Jumps 25%

Delaware Basin's New Giant: Devon-Coterra Closes as SM Energy Proves the Integration Thesis

Delaware Basin's New Giant: Devon-Coterra Closes as SM Energy Proves the Integration Thesis

Devon-Coterra closes today. SM Energy delivers its first post-Civitas beat. WTI at $109 with Hormuz disruption intact. Here's where US upstream stands Thursday morning.

Murphy Oil Q1 2026: Eagle Ford Efficiency, Chinook Deepwater, and Vietnam on the Horizon

Murphy Oil Q1 2026: Eagle Ford Efficiency, Chinook Deepwater, and Vietnam on the Horizon

Murphy Oil spent the first quarter proving that a mid-cap independent with a genuine international portfolio still plays differently than the Permian-only operators that have dominated CIR coverage this earnings season. The company reported Q1 production of 174,236 BOEPD — exceeding the high end of its guidance range — driven by