Insight

US upstream in brief: notes from the Northeast

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Coverage includes US onshore and Gulf of Mexico. Sources for the news stories include company press releases, industry events, press coverage, and our own modelling changes. The facts are presented, but more importantly we discuss implications for our modelling.

Table of contents

  • Notes from the Northeast
  • Every barrel produced was once explored for
  • From supplier to off-taker: EQT’s entry into LNG purchasing
  • Crescent Energy to acquire Vital Energy for US$3.1 billion
  • Talos makes largest GoA oil discovery this decade
  • Permian gas trajectory a growing question mark
  • Chart of the week: Utica laterals double in a decade
  • ICYMI: Q2 hedging volumes rise while strike prices fall
  • Permian rig drops outpace efficiency gains
  • Gas earnings roundup: Q2 2025
  • Earnings highlights across Lower 48
  • Chevron and ExxonMobil present diverging Permian outlooks
  • 14 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Mature shale cash flow could help fund deepwater exploration (Hess example)
  • Company cost curves for US Lower 48 assets
  • Total discovered resource in Gulf of America last ten years
  • Permian production vs. takeaway
  • Utica lateral length distribution
  • Permian oil production and rig count
  • Top gas operator production and liquids weighting
  • Western Haynesville production by well and operator
  • Anadarko private activity trends
  • Net Q2 2025 inflation impact
  • 9 more item(s)...

What's included

This report contains:

  • Document

    US upstream in brief: notes from the Northeast

    PDF 5.10 MB

  • Document

    2025 August 26 GOM Deepwater Dashboard.pdf

    PDF 247.59 KB