Insight
US upstream in brief: Permian rig drops outpace efficiency gains
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
- Permian rig drops outpace efficiency gains
- Gas earnings roundup: Q2 2025
- Earnings highlights across Lower 48
- Chevron and ExxonMobil present diverging Permian outlooks
-
Notes from the road: GoA discussions with key stakeholders
- 1. How will policies in the One Big Beautiful Bill Act impact GoA business?
- 2. Are operators still going to invest in the GoA if they have exposure to other advantaged regions?
- 3. Do we see GoA consolidation following the path of US onshore?
- Western Haynesville timing critical as gas demand grows
- ConocoPhillips rumored to sell Mid-con assets to Flywheel Energy
- Muted Lower 48 activity offsets tariff impact on well costs
- Shenandoah first oil a watershed moment for Beacon and Gulf of America
-
Chevron closes Hess deal adding Bakken and GoA assets
- Lower 48
- Gulf of America
- Notes from the road: US gas interest in Asia
- EQT announces two massive supply agreements
- 6 more item(s)...
Tables and charts
This report includes the following images and tables:
- 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
- Annualized production, capex and cash flow for Shenandoah FPS fields
- Annualized GoA production and cash flow for Beacon and Navitas
- EQT well locations near Homer City Energy Campus and Shippingport Industrial Park
- Map of Alaska North Slope blocks by operator
- Comparison measurements from MethaneSAT and bottom-up methodologies
- 3 more item(s)...
What's included
This report contains:
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