OilPrice.com

ALT Waffle chart titled "America's drilling map" where each square is one of 604 active US rigs in the week ending Nov 6, 2026: Permian 273 (+22 year over year), all other basins 331. By type: oil 463 (+1 w/w, +49 y/y), gas 131 (+1 w/w, +3 y/y), miscellaneous 10. Callout: Permian: 273 rigs, 45% of the US total, +22 vs a year ago. Source: Baker Hughes. Chart: @OilandEnergy.

ALT Bar chart titled 'WTI is up more than $20, yet big shale holds back on drilling'. Average WTI crude price in dollars per barrel: $64.94 for full-year 2025 versus $86.72 for 2026 year to date, as reported Nov 5, 2026, with an arrow marking the gap as more than $20 per barrel higher. A navy side panel, 'Diamondback Energy on 2027', reads: no material drilling increase next year. The biggest Permian-only focused driller signaled it will not be splashing on materially increased drilling activity next year as uncertainty remains too high, OilPrice reports. CEO Kaes Van't Hof on the Q3 earnings call: 'It's not a good way to run an E&P just to be a perma bull,' and there is 'not a need for us to put out a formal 2027 plan because we always end up doing that in February.' Source: OilPrice.com. Chart: @OilandEnergy.