deep-dive

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

Baker Hughes Q1 data scores the 2026 production optimization thesis: North America steady at +1%, international under pressure. RPC and Newpark haven't reported yet. What $91 WTI means for service spend — and why CO2-EOR may be the sector's next demand driver.

Diamondback Q1 Beats, Devon-Coterra Passes: Permian Scores Going Into Tuesday

Diamondback Energy opened Q1 2026 earnings season with a clean beat Monday evening, and Devon Energy's merger vote with Coterra passed overwhelmingly. Tuesday's session opens with WTI holding near $100 as the upstream sector digests what both mean for operator spending in a market that keeps

The Vote Closes, the Price Holds: What Monday's Full Picture Means for the Delaware Basin

Devon Energy shareholders voted today on the Coterra merger as WTI held above $107. The combined Delaware Basin competitive map, the backstop supply story, and what the restrained rig count means for service company pricing.

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

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Diamondback Q1 Beats, Devon-Coterra Passes: Permian Scores Going Into Tuesday

The Vote Closes, the Price Holds: What Monday's Full Picture Means for the Delaware Basin

The Frac Discount Re-Rating: Why PUMP, PTEN, and LBRT Are Finally Catching a Bid at $107 WTI