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basin-report

Multi-basin oil and gas production operations, U.S. upstream activity scorecard

CIR Basin Scorecard: Q1 2026 Update

Each quarter, CIR publishes a clean basin-by-basin reference update using Baker Hughes rig count data and EIA production figures. This is the Q1 2026 edition. Use it as a snapshot and a baseline for tracking Q2 2026 changes. 🛢️ Permian Basin — 241 Rigs Production context: Texas output at 5,

Permian Basin pumpjacks operating at sunset, West Texas oil production

The Permian in Q1 2026: Still Running Hot

The Permian Basin runs 241 rigs as of the Baker Hughes March 27 count — 44% of all U.S. land drilling activity, concentrated in an area the size of Kansas. That concentration reflects something real: the Permian has a structural advantage in depth of inventory, infrastructure density, and operator quality

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

State of U.S. Upstream: The 2026 Benchmarking Report

Every quarter, CIR benchmarks U.S. upstream across the metrics that actually matter: production volumes, rig count by basin, year-over-year trajectory, and the macro environment heading into the next period. This is the Q1 2026 edition. Production: The January Reset EIA data for January 2026 shows U.S.

Permian Basin pumpjacks operating at sunset, West Texas oil production

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

CIR Earnings Research | Batch 2 of 9 | OVV · PR · MTDR · SM · VTLE The second wave of Permian independent earnings tells a consistent story on the operational front—drilling and completion costs are falling, lateral lengths are growing, and every management team is claiming capital efficiency wins—but underneath that uniformity,

Permian Basin pumpjacks operating at sunset, West Texas oil production

Q4 2025 Earnings Batch 1: The Diversified Permian Players Deliver — But Pricing Headwinds Are Real

CIR Analysis | March 2026 | Source: SEC EDGAR 8-K filings, Q4 2025 earnings releases The first batch of major E&P reporters for Q4 2025 is in, and the story isn't complicated: operators executed well against their own benchmarks while lower realized prices compressed absolute cash generation

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

Appalachia: Waiting for the Gas Market to Turn

Appalachia: Waiting for the Gas Market to Turn Issue 12 | April 14, 2025 Category: Basin Analysis / Natural Gas Access: Paid The Appalachian Basin has a problem that money can't immediately fix: it's producing too much gas in a market that doesn't want it yet.

Permian Basin pumpjacks operating at sunset, West Texas oil production

Water Management: The Permian's Billion-Dollar Problem

Issue 11 | April 10, 2025 Category: Operations & Infrastructure Access: Paid Oil gets the headlines. Water runs the operation — or shuts it down. For every barrel of oil the Permian Basin produces, operators bring to surface somewhere between 3 and 10 barrels of produced water. At current basin output of