This week’s energy headlines spotlight war-driven market volatility, operators accelerating activity, resilient Permian performance, rising U.S. upstream investment, and new non-operated development momentum. Here are five stories that stood out:
Top Stories
- ProFrac: ‘A lot of calls’ as E&Ps target DUCs with war price spike
The ongoing U.S.–Israel war on Iran has injected sharp volatility into global markets, prompting operators to accelerate drilled-but-uncompleted activity. ProFrac said it is “fielding a lot of calls” from producers aiming to pull forward DUC completions to capture stronger pricing, with rising demand for dual-fuel fleets amid higher diesel costs.
- Methodical inventory expansion extends stable PR productivity
Permian Resources highlighted the durability of its well performance across the Delaware Basin, crediting consistent bench sequencing, multi-bench co-development and incremental shifts toward longer laterals. Leadership noted that disciplined planning has kept productivity stable despite maturing development.
- Repsol to spend €2.9–3.4B across the U.S. through 2028
Repsol outlined plans to allocate €2.9–€3.4 billion in U.S. upstream capital through 2028—more than 80% of its global upstream budget over the period. The company expects U.S. volumes to grow 25–30%, led by activity in Alaska, the Gulf of Mexico, the Eagle Ford and the Marcellus.
- Infinity placing $550MM in notes to repay revolver after Antero
Infinity Natural Resources priced $550 million in senior notes to repay borrowings tied to its recently closed Utica and midstream acquisition from Antero. The refinancing strengthens liquidity and supports continued development across its broadened Appalachia-focused portfolio.
- IOGR III closes first JV development deal, for 18 wells in PRB
IOG Resources III completed its first development partnership in Wyoming’s Powder River Basin. The joint venture will drill 18 horizontal wells and marks the twentieth investment for the First Reserve–backed non-operated platform.
Additional Stories
Also this week: Kinder Morgan advanced Texas Access, Mid-Ocean raised new LNG equity, SLB One-Subsea won a CNOOC subsea award, Atlas secured a Caterpillar power framework, and Petrobras expanded in the Campos Basin.
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