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permian

Weekly Setup: $101 Brent, Mega-Major Earnings Thursday, Devon-Coterra Countdown

Weekly Setup: $101 Brent, Mega-Major Earnings Thursday, Devon-Coterra Countdown

The week opens with WTI at $96 and Brent back above the $100 handle, as two of the biggest market events in months land on this week's calendar. ExxonMobil and Chevron report Q1 2026 results Thursday. The Devon-Coterra shareholder vote fires next Monday, May 4. This is an

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

Production Services Q1 Verdict: North America Holds, But the Thesis Needs Revising

Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived

Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived

Thursday's oilfield services earnings were unusually coordinated in their message: Q1 was the trough, Q2 is the inflection. Baker Hughes, Liberty Energy, and Patterson-UTI all reported the same morning, and the common thread running through all three was striking. Frac fleets near full utilization. Price increases being actively

Matador Resources Q1 2026 Earnings Deep Dive: Capital Discipline, Waha Headwinds, and the Hugh Brinson Catalyst

Matador Resources Q1 2026 Earnings Deep Dive: Capital Discipline, Waha Headwinds, and the Hugh Brinson Catalyst

Permian Basin pumpjacks operating at sunset, West Texas oil production

The Consolidation Aftermath: How the Majors Remade the Permian

By mid-2024, the Permian Basin had been fundamentally reshaped by a wave of mergers that will define the basin's operating landscape for the next decade. ExxonMobil's $59.5 billion acquisition of Pioneer Natural Resources closed in May 2024. ConocoPhillips closed its $22.5 billion acquisition of

Oil and gas production facility representing E&P company quarterly performance

Q4 Earnings Begin: Early Results and First Read

Permian Basin pumpjacks operating at sunset, West Texas oil production

Permian in 2026: The Road to 7 MMbbl/d

The Permian Basin is the most consequential oil-producing region in the world outside of Saudi Arabia's core fields. It exited 2025 producing approximately 6.3–6.5 million barrels of oil per day — a number that would have seemed fantastical to any petroleum engineer working the basin in