Permian Independents Q4 2025: Efficiency Wins, Portfolios Shift, and One That Won't Be Reporting Again
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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