#shale-prospective-areas

#shale-prospective-areas

The global impact of the war in Iran has caused the average price of gasoline in the United States to rise above $4 per gallon for the first time since 2022. Prices have risen by more than 30% since late February, reflecting an energy shock affecting the entire economy.

KeyBanc's revised oil deck reflects a materially stronger crude environment than previously modeled, with dislocations in global crude and refined products expected to persist into summer.

Corpus Christi's two main reservoirs are just 8.4 percent full, while the backup reservoir is 55 percent full. Without drastic cuts, the water supply could run dry by early next year.

Citi's upgrade reflects a broader geopolitical reality reshaping global energy markets. The Iran war is accelerating the flight of European and Asian buyers toward secure, long-term U.S. LNG supply contracts.

The drone strikes and infrastructure damage at Qatar's massive Ras Laffan complex triggered force majeure declarations and slashed roughly 15% to 20% of global supply overnight, leading to a spike in spot prices in Asia and Europe.

The Iranian military's blockade of the Strait of Hormuz in retaliation for the U.S. and Israeli airstrikes on Tehran has sent energy markets into turmoil. A quarter of the world's natural gas, a fifth of its crude oil, and tons of critical materials for fertilizers and other petroleum products pass through this strategic Persian Gulf waterway.

We have slow growth and inflation that is still a concern from the numbers we got on the economy. The interesting thing about the University of Michigan survey is half of it was taken before the war and then the other half was taken after February 28th and obviously the signs were very different. Half the respondents said that things are really starting to pick up and look good and then all of the survey participants taken after February 28th had started to notice a lot more anxiety and deterioration particularly around their ideas of inflation.

These sagebrush-covered foothills of primarily Bureau of Land Management land have a higher concentration of sage grouse than anywhere else on the planet, likely in part because the birds have room to move. More than a thousand elk winter there, too, sustained by the high-elevation landscape's cured grasses, dried wildflowers and shrubs. So do pronghorn and mule deer, wintering or using the area as a stopover on their journeys, which include the longest documented mule deer and pronghorn migrations in the Lower 48.

Nobody expects today's high prices to last and we could very likely get back to the low $60 [per barrel] environment we faced just a few weeks ago. Experts say the unique geology of California's fields, and the nature of its heavy crude, make new projects, and efforts to pump more oil out of existing ones, costlier and more energy-intensive than drilling in other parts of the country.

We're also funding incremental shareholder returns for free cash flow after distributions, rather than leverage buybacks. And so it's just a bit more of a conservative approach that we're following that is in line with our profile and Chevron's target of 200,000 barrels of oil per day plateau production in the Bakken.

In FY2025, Chord delivered oil volumes that exceeded original guidance by more than 1,000 barrels per day while capital came in approximately $60 million lower. Full-year CapEx landed more than $100 million below pro forma FY24, with oil volumes 1% higher year over year, and the company generated approximately $160 million in incremental run-rate free cash flow through continuous improvement.

What does this new lease on life mean for Tommy Norris? After all, he still needs to deal with the offshore drilling lawsuit, the threats from Danny Morrell's (Andy Garcia) crooked financing, his son striking oil on six new wells, and Cami Miller's (Demi Moore) dissatisfaction with how Tommy's been running the company following her husband's (Jon Hamm) death. So, in episode 8, he's done with allowing all these problems to fester.

But one key voice was missing from the celebration: Texas GulfLink's developer. Dallas-based Sentinel Midstream declined to comment on the administration's announcement, and didn't issue any press release for its politically ballyhooed project approval. Sentinel's silence was a symptom of a bigger disconnect in the gulf.What once was a race to build a series of deepwater terminals prior to the pandemic-including the involvement of household names such as Phillips 66 and Chevron-has now turned into silence over stalled projects that may never come to fruition.

U.S. shale producer Devon Energy will acquire Coterra Energy for nearly $26 billion in a combination that creates a domestic oil and gas juggernaut trailing only household names Exxon Mobil, Chevron, and ConocoPhillips in sheer production volumes, the companies announced Feb. 2. After a couple of years of rapid consolidation in the energy sector, dealmaking slowed down dramatically last year as oil prices fell when OPEC ramped up its output and the Trump administration implemented a series of tariffs worldwide.

LBRT delivered a 148% EPS surprise in Q4 2025, posting $0.08 per share against a consensus estimate of -$0.17. PTEN beat by 83% on the same quarter, reporting a loss of -$0.02 versus the -$0.12 consensus. These aren't rounding errors. They signal that the street's models were built for a worse reality than the one these companies are actually living in.

Unlike funds that hold integrated giants with refining and chemical businesses to cushion oil price swings, XOP holds pure exploration and production companies whose entire revenue stream rises and falls with the commodity price. Its equal-weight structure amplifies this further, giving the same portfolio weight to smaller, more volatile E&P names as it does to large-caps like ConocoPhillips or Occidental Petroleum.

January 2026 showed just how violent this relationship can get: Henry Hub spiked to $30.72/MMBtu on January 23 - a near-tenfold surge - before collapsing to $3.13/MMBtu by February 23. Extreme winter heating demand and supply constraints drove that move - exactly what BOIL is built to capture on the upside, and what devastates holders on the way back down.

Data centers have caused the demand for gas-fired power in the US to explode over the past two years, according to new research released Wednesday. More than a third of this new demand, the research found, is explicitly linked to gas projects that will power data centers -the equivalent of energy that would power tens of millions of US homes.

"This plan would open up a massive amount of waters to new oil and gas drilling,"

ConocoPhillips reported disappointing fourth-quarter results on February 5, 2026, missing both earnings and revenue estimates as lower oil prices overshadowed production gains from the Marathon Oil acquisition. The Houston-based energy producer posted adjusted EPS of $1.02, falling short of the $1.12 consensus estimate by 9%. Revenue of $14.19 billion also missed expectations of $14.34 billion. Net income tumbled to $1.44 billion from $2.30 billion in the year-ago quarter, a 37.3% decline driven primarily by weaker commodity prices.

The world is still processing the nighttime raid on Venezuela by U.S. forces on Saturday, capturing President Nicolás Maduro and his wife, and flying them to New York to face narcoterrorism and drug conspiracy charges. President Trump stated the U.S. would run Venezuela until a transition could happen, aiming to access its oil. Venezuela holds the world's largest proven oil reserves at 303 billion barrels, but because it is mostly extra-heavy crude, it requires specialized refining.