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daily-wrapup

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

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.

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

The Sunday Test WTI closed out the first full week of May above $100 for the first time in the modern shale era, and Devon Energy shareholders walk into Sunday's special meeting with that number in the back of their minds. The vote on the Devon-Coterra merger — scheduled

The $100 Question: COP's Qatar Signal and What April's Close Means for May

The $100 Question: COP's Qatar Signal and What April's Close Means for May

WTI ended April at $99.89/bbl — less than $0.12 from a psychological level that would have seemed remote six months ago. ConocoPhillips reported Q1 results this morning that carry the first clear structural imprint of the Middle East conflict on a major US upstream operator’s production guidance.

UAE Quits OPEC: What the Cartel's Biggest Shake-Up in a Decade Means for US Upstream

UAE Quits OPEC: What the Cartel's Biggest Shake-Up in a Decade Means for US Upstream

The UAE's OPEC exit ends 59 years of membership and removes its second-largest producer — with major implications for US upstream operators navigating $100 oil and Hormuz disruption.

Crude Ignores Iran's Hormuz Offer: What the Non-Move Says About the Market

Crude Ignores Iran's Hormuz Offer: What the Non-Move Says About the Market

Iran put a Hormuz negotiation on the table this morning. Crude oil shrugged. That non-reaction is the story of Tuesday's session. WTI held near $96 and Brent sat above $103 with barely a tick lower as diplomatic signals from Tehran suggested openness to talks about Strait access. Six

The Floor Holds: WTI $96, Brent $101, Zero Catalyst

The Floor Holds: WTI $96, Brent $101, Zero Catalyst

WTI closed Monday at $96.64, up $2.24 on the day. Brent finished at $101.85, up $2.72, holding above $100 for the entire session. A sweep of 18 major operator and services company SEC filings turned up zero new 8-Ks. No OPEC+ announcement. The wire services came

The Services Trifecta Closes: SLB Confirms What BKR and HAL Already Said

The Services Trifecta Closes: SLB Confirms What BKR and HAL Already Said

SLB's Q1 2026 results, filed Friday morning, closed the loop on the week's defining earnings narrative. Three of the world's largest oilfield services companies have now reported the same quarter, and the pattern across all three is impossible to dismiss. SLB reported Q1 revenue