Print 
After falling below the $60/barrel mark late last week (2/19), WTI prices regained traction over the weekend.
After a week above the $60/barrel range, WTI dropped to $59.24 on Friday (2/19). However, by Monday morning (2/22), prices were back at $60.12 per barrel.
Brent also showed a resurgence, increasing by $0.78 to $63.69 per barrel.
More Oil & Gas Prices News
Oil Report : Back Again, Same Story
Just as we said in our last oil report notes that we expected traders to step in and provide support to prices. We continue to believe that traders…
Oil Report : Play Oil For a Bounce Here
Our quick views on oil here. As we look at the technicals. We believe that traders will step in here and provide support for oil in this $66-67…
Biden to Release One Million BPD from Reserves for Six Months; Push for Federal Leasehold Production
The White House and President Joe Biden have announced that they will be releasing one million barrels per day from the US' Strategic Petroleum Reserves in order to…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Dallas Fed Survey: E&P Spending to Jump; Focus on Production Growth, Debt Cuts
The Dallas Federal Reserve Bank released the latest version of its annual survey and below are the highlights of the findings. *Data was collected Dec. 8–16; 131 oil…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…