RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
The U.S. midstream sector experienced a massive infrastructure buildout in the 2010s, followed by a sharp pullback after 2020, and then a new era of financial discipline and deleveraging.
Given the recent media focus on AI and the surge of data center construction, it comes as no surprise that the electric utility industry’s capital investment has risen to record highs.
NGL Voyager offers subscribers a comprehensive market analysis of natural gas liquids exports which are driven by fundamentals, and combined with the latest industry buzz. The report examines U.S. export trends for propane, butane and ethane, and includes port of origin, destination and volume.
In their Q4 2025 earnings call, Kinder Morgan (KMI) had a lot to say about their upcoming projects, the potential of taking an equity position in an LNG facility as well as record-breaking Haynesville gas gathering throughput.
The stock market of 2025 often felt like different movies playing on adjacent screens. On one, the broader market surged. On the other, economically sensitive sectors such as oil and gas stocks slid into the background. Today, we examine the performance of the 35 public E&Ps we cover.
There are at least a couple of clear trends in upstream-sector M&A. One is that E&Ps continue to zero in on the basins where they see the most promise, and to divest non-core assets.
In the upstream oil and gas world, “reserve life” — calculated via the Reserve Life Index — is one of the simplest and most widely cited metrics.
U.S. E&Ps continue to ignore political pressures to “drill, baby, drill,” sticking rigidly to capital discipline and trimming their drilling-and-completion activity. But that hasn’t kept production from inching up as E&Ps continue to increase their productivity.
Crude Oil TradeView provides up-to-date data and insights into the behavior of differentials for 33 crude assessments across North America. Each week, it also walks you through the reasoning of why differentials widen, narrow, flip (premium vs. discount), or blow out.
The E&Ps we track have retained investor support over the past three years despite a drop in oil prices. Their formula has been throttling back costs and investment to prioritize shareholder returns.
U.S. E&Ps have battled mightily to mitigate the impact on earnings and cash flows caused by the steady erosion in commodity prices, but concerning trends could impact future earnings.
There’s been a lull in midstream M&A activity the past few months, but several companies in that space have been making significant adjustments to their portfolios, either by acquiring assets from others or selling ownership interests in their own businesses.
