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Talos Buys Shell's Gulf Deepwater for $850M on Q2's Last Day — What $70 WTI Looks Like From Offshore

Talos Buys Shell's Gulf Deepwater for $850M on Q2's Last Day — What $70 WTI Looks Like From Offshore

Talos Energy acquires Shell's Gulf of America deepwater assets — $850M gross, $450-500M net — on the last trading day of Q2. At $70 WTI, the deal's logic says everything about where offshore operators see the floor.
CIR Research Desk 30 Jun 2026
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.
CIR Editorial 29 Jun 2026
The Floor Is Gone: What Sable Offshore's Emergency Exxon Deal Reveals at $74 WTI

The Floor Is Gone: What Sable Offshore's Emergency Exxon Deal Reveals at $74 WTI

WTI broke $75 for the first time this week. Sable Offshore paid Exxon $30M for 30 more days. Kosmos sold its Equatorial Guinea assets. Two filings, one message.
CIR Research Desk 22 Jun 2026

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