Crude Intelligence Report

06/30/2026

The morning brief is live, looking at oil and gas price performance across Q2. Check it out:

WTI closes Q2 at $70.95 as OPEC+ supply math resets operator price decks. Henry Hub diverges higher at $3.22. Tuesday Technology beat: EQT and EXE's AI data center positioning.

06/29/2026

SandRidge Energy just moved on an acquisition, adding 3,000 net BOE/d to their portfolio. Check out the full article here:

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. ...

06/29/2026

Check out a snippet from our 10am deep dive into Murphy Oil. Full article for members is here: https://www.crudeir.com/murphy-oil-eagle-ford-chinook-deepwater-70-wti-2026/

06/29/2026

LNG is pushing forward in stability while crude prices seesaw in geopolitics. Check out the free morning brief.

WTI opened Monday at $69.92 — a dollar bounce off last week's $68.88 close, but the context hasn't changed. Sub-$70 crude is now the new base case, and the market's first real test of operator resolve arrives this week through Q2 guidance updates, capital allocation

06/26/2026

https://www.crudeir.com/bhi-rig-count-defies-70-wti-week-close-june-26-2026/

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.

06/26/2026

Is sub-$70 WTI the new normal? See how this week shook out.

WTI broke below $70 at this morning's open. Devon completed its Coterra note exchange. Baker Hughes rig count due at 1pm CT. The week's setup for US upstream.

06/25/2026

Check out our deep dive on Shell in this current environment.

Shell's integrated model is absorbing $70 WTI better than any peer — but Q2 Upstream earnings compression, a gearing uptick, and the ARC acquisition timing create a more complicated picture than the stock price implies.

06/24/2026

How is Matador Resources positioned at sub-$70 oil? Check out our deep dive.

Matador entered Q1 2026 with $306 million in derivative losses, $30.5 million in cash, and a lender waiver it needed to issue $500 million in new notes. WTI was in the mid-80s. Today it is $69.73.

06/24/2026

China slowing down? Check out the morning brief.

WTI crude fell through $72 this morning for the first time in the current downcycle, settling at $71.99/bbl as China's refinery demand erosion collided with a market already pricing in Hormuz normalization. Henry Hub held firm at $3.215/MMBtu — up 0.97% — extending the oil-gas

06/22/2026

https://www.crudeir.com/baker-hughes-chart-industries-eu-clearance-lng-equipment-june-2026/

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