Industry Intelligence
Explore the Energy industry through Patterson-UTI’s drilling and completion services, rig activity updates, and support for oil and natural gas exploration across key markets.
Patterson-UTI Energy reported its September 2026 U.S. drilling activity, including an average of 103 operating rigs during the month.
Valeura Energy reported Q3 2026 production of 22.1 mbbls/d, revenue of US$196.1 million and cash of US$384.9 million, while providing updates on its Thailand assets.
XCF Global stockholders approved the proposals needed for its proposed business combination with DevvStream and Southern Energy Renewables. The transaction remains subject to outstanding closing conditions.
Barnwell Industries has entered into a definitive agreement to sell its Canadian oil and natural gas business to an Alberta corporation. The proposed transaction includes C$4 million in cash and a 5% gross overriding royalty valued at C$5 million.
Source Energy Services will publish its third-quarter results on November 5, 2026, followed by a conference call on November 6, 2026.
Barnwell Industries said it plans to terminate its qualified defined benefit pension plan and use plan assets to settle obligations before any remaining surplus can revert to the company.
Tortoise Energy Infrastructure Corp. may sell up to 2,500,000 common shares through an at-the-market programme after filing a prospectus supplement with the SEC.
Valeura Energy and PTTEP Energy Development have taken a Final Investment Decision for an initial gas development at the Bussabong field in Thailand’s Block G3/65.
Barnwell Industries has completed the sale of its remaining Hawaii development interests and related project rights, including indirect interests connected to leases at Ka‘upulehu on the Island of Hawaii.