Exploration & Production

Hurricane Isaias Update: Track Stays East of the Big Louisiana Refineries, but Diesel and Florida Fuel Remain at Risk

Isaias had 110 mph winds at 7 a.m. CDT Friday, on the cusp of major-hurricane strength, and is expected to come ashore between Mississippi and the Florida Panhandle tonight or early Saturday. It has already shut in 62.9% of Gulf oil output. Here is what the next one to three weeks could mean at the […]

Devon’s Coterra Bet Faces the Portfolio Test

After the $58 billion Coterra merger, a $4.2 billion South Texas sale buys time—not a full reset—in a $90-plus oil market. Hat tip to Reese Energy Consulting and Steve Reese for highlighting this, and we will be covering this on a podcast with him soon. Devon Energy’s February all-stock combination with Coterra Energy closed in […]

Tropical Storm Isaias Threatens Gulf Oil and Refineries With Diesel Already Near a Record

The likely first hurricane of 2026 is forecast to cross deepwater fields that pump about 15% of U.S. crude and reach the coast late Friday. The latest NHC track has shifted east toward Alabama and the Florida Panhandle, which lowers the odds for the Mississippi River refining corridor. It does not take Pascagoula, the Colonial […]