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Drilling rig in the Permian Basin

Forum Energy Technologies: The International Offset Keeping FET Whole at $67 WTI (FET)

FET | NYSE | Source data: Q1 2026 10-Q filed May 1, 2026 (SEC accession 0001401257-26-000034); Yahoo Finance commodity data July 2, 2026 Forum Energy Technologies posted its best Q1 revenue in recent memory, $208.7 million against $193.3 million a year ago. But the headline hides a

NOG's Q3 Hedge Book Is Right at Spot: What Non-Op Capital Does When the Cushion Disappears (NOG)

NOG's Q3 Hedge Book Is Right at Spot: What Non-Op Capital Does When the Cushion Disappears (NOG)

NOG | NYSE | Source data: Q1 2026 earnings release and 10-Q (filed April 28–29, 2026), June 1, 2026 8-K (Parallax Acquisition close), hedge table as of April 20, 2026; commodity prices: Yahoo Finance, July 1, 2026 Northern Oil and Gas enters Q3 2026 with its crude oil swap

KLX Energy's Q1 Tells the Permian Story: Pricing Down 17%, Northeast Carrying the Quarter (KLXE)

KLX Energy's Q1 Tells the Permian Story: Pricing Down 17%, Northeast Carrying the Quarter (KLXE)

KLXE | Nasdaq | Source data: Q1 2026 earnings press release (8-K filed May 12, 2026), 10-Q filed May 13, 2026 (SEC accession 0001738827-26-000021); Yahoo Finance commodity prices July 1, 2026 KLX Energy Services entered Q3 2026 carrying the marks of a Permian basin that spent most of

The Flowback Split: WTTR Builds Infrastructure While TETRA Expands Internationally (WTTR, TTI)

The Flowback Split: WTTR Builds Infrastructure While TETRA Expands Internationally (WTTR, TTI)

Q1 2026 filings show Select Water shifting toward contracted water infrastructure while TETRA chases international flowback markets. Two responses to the same $70 WTI problem.

Aerial view of active land drilling rig pad in the Permian Basin

EQT and Expand Energy at Q2 Close: The Gas Divergence Trade Is Working, But Q3 Is the Real Test

EQT | NASDAQ | EXE | NASDAQ. Source data: EQT Q1 2026 10-Q (EDGAR, filed April 22, 2026); Expand Energy Q1 2026 10-Q (EDGAR, filed April 28, 2026); Yahoo Finance commodity prices, June 30, 2026; EIA natural gas storage series. WTI closed out Q2 at $70.44 per barrel on Tuesday.

SM Energy Post-Civitas: Synergies Running Hot, Balance Sheet Coming Down (SM)

SM Energy Post-Civitas: Synergies Running Hot, Balance Sheet Coming Down (SM)

SM | NYSE | Source data: Q1 2026 earnings release (8-K filed May 6, 2026), Q1 2026 10-Q (filed May 7, 2026), 8-K filed June 1, 2026, Yahoo Finance commodity prices June 29, 2026 SM Energy exited Q1 2026 carrying more debt than most Permian pure-plays would tolerate,

Aerial view of active land drilling rig site, Permian Basin

Murphy Oil at $70 WTI: Eagle Ford Efficiency Holds, Chinook #8 Is the Offshore Bet (MUR)

MUR | NYSE | Source data: Q1 2026 earnings release (8-K filed May 6, 2026), Q1 2026 10-Q (filed May 6, 2026, accession 0001628280-26-031370), Yahoo Finance commodity data Murphy Oil's Eagle Ford program delivered one of the more significant efficiency improvements in US onshore this quarter.