Permian Basin Inventory Expands as Sub-$50 Oil Economics Improve
Enverus estimates the Permian Basin now has about 55,000 drilling locations that break even below $50/bbl, up 10% year-over-year due ...
Oil Futures Signal Higher Prices Ahead—But for How Long?
Oil futures are indicating sustained higher prices through 2026–2027 as markets price in ongoing geopolitical risk and tighter global supply ...
Iran declares Strait of Hormuz ‘completely open’ for remainder of truce
Oil prices dropped sharply as Iran signaled the Strait of Hormuz will remain open during the ceasefire, removing a major ...
Trump Administration Urges U.S. Oil Producers to Boost Output Amid Iran Conflict
The Trump administration is urging major U.S. oil producers to boost drilling in response to a significant global supply disruption ...
Chevron Confirms Bandit Oil Discovery in Gulf of America as Drilling Activity Shifts
Chevron’s Bandit oil discovery in the Gulf of America highlights the continued value of infrastructure-led deepwater exploration, with strong potential ...
Tamarack Valley Energy Expands Infrastructure to Support Active 2026 Drilling Program
Tamarack Valley Energy has drilled 39 wells year-to-date in 2026, with the majority of activity concentrated in the Clearwater play, ...
BTG Energy Advances Sylvan Lake Gas Plant Upgrade with New Compression Buildout
BTG Energy Corporation has received approval to upgrade its Sylvan Lake gas processing facility, increasing capacity and enhancing operations through ...
Oil Prices Hold Steady as Uncertainty Clouds US-Iran Talks
Oil prices held steady as markets balanced supply disruptions from escalating U.S.-Iran tensions with uncertainty around potential peace talks. With ...
Chevron exec: People should try to drive less to save on gas
"They should try to conserve energy," said Andy Walz, Chevron's (CVX) president of downstream, midstream and chemicals. "We should always be ...
Bessent sees oil prices falling to around $3/gallon this summer
Firebird Energy II’s WOODFIN development is a 6-well, single-pad horizontal project in the Midland Basin targeting the Spraberry formation with ...