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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

The Contract Divide: Which OFS Companies Are Exposed at $70 WTI, and Which Are Not

The Contract Divide: Which OFS Companies Are Exposed at $70 WTI, and Which Are Not

WTI closed the week at $69.84. Drilling contractors face Q4 contract renewal risk at a price level that was not in operators planning models. Production services companies with contracted compression and lift do not. The bifurcation is already in the filing data.

The Contract Clock Is Running: H&P, PTEN, and Nabors Face a $70 WTI Day-Rate Reset

The Contract Clock Is Running: H&P, PTEN, and Nabors Face a $70 WTI Day-Rate Reset

HP | NYSE | PTEN | Nasdaq | NBR | NYSE | Source data: H&P 10-Q (Q2 FY2026, filed May 7, 2026), Patterson-UTI 10-Q (Q1 2026, filed April 28, 2026), Nabors Industries 10-Q (Q1 2026, filed May 1, 2026); Yahoo Finance, 2026-06-24 The Contract Clock Has a New

NOV's Q1 Margin Collapse Reads Like a Sub-$75 Stress Test for the Equipment Supply Chain (NOV)

NOV's Q1 Margin Collapse Reads Like a Sub-$75 Stress Test for the Equipment Supply Chain (NOV)

NOV | NYSE | Source data: Q1 2026 10-Q (SEC accession 0001193125-26-185866, filed 2026-04-28), 8-K filed 2026-05-22, Yahoo Finance equity data The sub-$75 WTI story has a supply-chain version, and it looks a lot worse than the E&P version. NOV

The Rollover Clock Is Running: H&P, PTEN, and Nabors Face a $75 WTI Day-Rate Reset

The Rollover Clock Is Running: H&P, PTEN, and Nabors Face a $75 WTI Day-Rate Reset

HP | NYSE | PTEN | NASDAQ | NBR | NYSE | Source data: Helmerich & Payne 10-Q (SEC filing 2026-05-07, period ending March 31, 2026); Patterson-UTI Energy 10-Q (SEC filing 2026-04-28, period ending March 31, 2026); Nabors Industries 10-Q (SEC filing 2026-05-01, period ending March

FANG Expands Credit to $3B at $75 WTI: Wednesday's Capital Markets Signal

FANG Expands Credit to $3B at $75 WTI: Wednesday's Capital Markets Signal

Diamondback Energy expanded its RBL to $3 billion as WTI sits at $75.54. Antero launches a $1.65B commercial paper program. Wednesday's capital markets read from the Permian.

OPEC+'s Fourth Hike Doesn't Move the Needle: WTI Holds $88 as Peace Premium Drains

OPEC+'s Fourth Hike Doesn't Move the Needle: WTI Holds $88 as Peace Premium Drains

Four consecutive OPEC+ output hikes haven't moved WTI off $88. That's the market repricing the Hormuz premium faster than Gulf producers can restore credibility.