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upstream-e&p

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

Wide aerial view of Permian Basin drilling rig against cloudy sky

ExxonMobil Becomes a Texas Company on Q3's Opening Down Day

XOM | NYSE | Source data: ExxonMobil 8-K filed July 1, 2026 (SEC accession 0001193125-26-291986); Yahoo Finance intraday prices; EIA FRED series DCOILWTICO, DCOILBRENTEU, DHHNGSP Q3 2026 opened with ExxonMobil completing the largest corporate redomiciliation in US energy history — and the market selling off across all three commodity benchmarks

Aerial view of active land drilling rig pad in the Permian Basin

EQT and Expand Energy at Q2 Close: The Gas Divergence Trade Is Working, But Q3 Is the Real Test

EQT | NASDAQ | EXE | NASDAQ. Source data: EQT Q1 2026 10-Q (EDGAR, filed April 22, 2026); Expand Energy Q1 2026 10-Q (EDGAR, filed April 28, 2026); Yahoo Finance commodity prices, June 30, 2026; EIA natural gas storage series. WTI closed out Q2 at $70.44 per barrel on Tuesday.

Aerial view of CryoBox LNG liquefaction trailers and ISO tankers in the Permian Basin

SandRidge's $65M Bet: Mid-Continent Consolidation Doesn't Wait for $80 Oil

SandRidge Energy (NYSE: SD) moved Monday without waiting for a higher oil price. The Oklahoma City independent filed an 8-K this morning announcing a definitive agreement to acquire producing assets and leasehold in the Cherokee Play — part of its Mid-Continent footprint — for $65 million cash. The deal closes

SM Energy Post-Civitas: Synergies Running Hot, Balance Sheet Coming Down (SM)

SM Energy Post-Civitas: Synergies Running Hot, Balance Sheet Coming Down (SM)

SM | NYSE | Source data: Q1 2026 earnings release (8-K filed May 6, 2026), Q1 2026 10-Q (filed May 7, 2026), 8-K filed June 1, 2026, Yahoo Finance commodity prices June 29, 2026 SM Energy exited Q1 2026 carrying more debt than most Permian pure-plays would tolerate,

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.

The Rig Count That Defied $70: BHI's Week-Close Signal for US Upstream

The Rig Count That Defied $70: BHI's Week-Close Signal for US Upstream

WTI closed at $69.91. Baker Hughes reported 573 rigs — up 10 week-over-week. The rig count is rising as price breaks $70. Here's what that signal means.