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Q1 2025 Earnings Recap: The Winners and Losers
CIR | Issue 15 | April 24, 2025
Q1 2025 earnings season delivered a familiar split for upstream operators: disciplined capital allocation rewarded, growth-at-any-cost punished, and natural gas producers still waiting for a turn that hasn't arrived. With WTI averaging roughly $71-73/bbl in the quarter and Henry Hub stuck
Gas Producers Cash In: Q4 2025 Earnings Show a Sector Transformed by Price Recovery
Well Productivity Trends: Are We Getting Better or Just Drilling Longer?
CIR | Issue 14 | April 21, 2025
The shale industry's productivity story has become one of the most misread narratives in energy markets. Operators report record per-well oil production. EIA's Drilling Productivity Report shows new-well production per rig climbing steadily. Investor presentations are loaded with impressive type
Permian Independents Q4 2025: Efficiency Wins, Portfolios Shift, and One That Won't Be Reporting Again
The Private Equity Exit Problem
