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NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

Two filings crossed EDGAR overnight that tell the same story: operators and non-ops alike are using $90+ WTI to clean up balance sheets and move on acquisition targets they have been eyeing since prices broke lower in April. Northern Oil and Gas closed its CA$350 million Duvernay Shale

The Bounce Back: What $94 WTI Does to the H2 Frac Repricing Calculus for PUMP, PTEN, and LBRT

The Bounce Back: What $94 WTI Does to the H2 Frac Repricing Calculus for PUMP, PTEN, and LBRT

Oil tanker at sea amid rough conditions

Strikes Reopen the Premium: WTI Bounces to $90 as France Seizes Sanctioned Russian Tanker

WTI rebounds to $90.63 as weekend U.S. strikes and Israel-Lebanon escalation reverse Friday's selloff; France seizes sanctioned Russian tanker in first Atlantic interdiction; Goldman flags demand destruction as counter-weight to supply shock.

The Week the Premium Died: WTI Closes at $87.91 as Friday's Close Frames the New Reality

The Week the Premium Died: WTI Closes at $87.91 as Friday's Close Frames the New Reality

WTI settled at $87.91 Friday — the fourth close in the $87-$89 band and the lowest sustained range since before the Hormuz premium built. The Iran risk premium is gone. Here's what it means.

Production Services at $87: The Week the Demand Premium Died and What It Means for ChampionX, Newpark, and RPC

Production Services at $87: The Week the Demand Premium Died and What It Means for ChampionX, Newpark, and RPC

Saudi OSP Cuts Confirm What WTI Already Said: The Demand Premium Is Gone

Saudi OSP Cuts Confirm What WTI Already Said: The Demand Premium Is Gone

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

WTI finished Friday morning at $87.71, the lowest print since the Hormuz disruption first priced a geopolitical premium into crude in April. The number matters less than what's confirming it: Saudi Arabia is cutting its July official selling prices for Asian buyers by $3 to $8 per