Shale Markets Briefing — November 13, 2026

Blackcomb has entered service, but the real test is whether South Texas can move 2.5 Bcf/d of new Permian gas past Agua Dulce toward Gillis and Louisiana demand.

From Our Desk

This FID extends ExxonMobil’s Guyana growth plan and adds more low-cost, offshore supply into the global market. The fact that Longtail is gas- and condensate-heavy also signals a shift in the Stabroek development mix toward supporting gas monetization alongside crude output.

RigZone

The strikes raise the risk of more disruption to Russian refining and product supply, which can tighten regional balances even if crude flows remain intact. For executives, it is another reminder that downstream assets and transport corridors remain a direct geopolitical vulnerability in the oil market.

RigZone

Eni is signaling that the UK remains a priority capital destination even as the company steers the program toward lower-carbon projects. For North Sea operators, that suggests continued investment competition in the basin and a capital mix that is shifting toward transition-linked projects rather than purely upstream growth.

RigZone

The drop in extraction payrolls signals that upstream operators are still tightening labor costs, which usually tracks weaker drilling and completion activity rather than growth. For executives, it is a read on basin-level discipline and the near-term pace of service demand.

RigZone

Reopening comments keeps the Arctic drilling rule in play and signals that the permitting path is still unsettled. For operators and service firms, that means North Slope activity remains exposed to regulatory timing, compliance costs, and possible changes in the pace of future drilling plans.

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