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Elk Petroleum Files for Bankruptcy

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Elk Petroleum Files for Bankruptcy

Elk Petroleum has filed for bankruptcy.

The company has operations in the Rockies region of the U.S.


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EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up

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…

Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026

Premium content Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026

Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in…

Bakken Midstream Project shelved; as future growth projects thin

Premium content Bakken Midstream Project shelved; as future growth projects thin

Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…

Japex Enters DJ Basin with Acquistion of Verdad

Japex Enters DJ Basin with Acquistion of Verdad

Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced a major expansion into North American shale with a $1.3 billion acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), marking…

Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying

Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying

The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…