U.S. Energy Price disconnect

Williams Companies

Market Cap: US$88.2b

Operates as an energy infrastructure company primarily in the United States.

Phillips 66

Market Cap: US$71.9b

Operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.

EQT

Market Cap: US$32.5b

Engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas.

Ovintiv

Market Cap: US$16.1b

Operates as an oil and natural gas exploration and production company in North America.

DT Midstream

Market Cap: US$14.5b

Provides integrated natural gas services in the United States.

APA

Market Cap: US$13.1b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Antero Resources

Market Cap: US$10.8b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Range Resources

Market Cap: US$9.1b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Hess Midstream

Market Cap: US$7.9b

Acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States.

Kinetik Holdings

Market Cap: US$7.7b

Through its subsidiaries, operates as a midstream company in the Texas Delaware Basin.

Weatherford International

Market Cap: US$7.3b

An energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.

Valaris

Market Cap: US$6.2b

Provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally.

Solaris Energy Infrastructure

Market Cap: US$5.4b

Provides modular and scalable equipment-based solutions for power generation, control and distribution, and management of raw materials used in the completion of oil and natural gas wells in the United States.

Golar LNG

Market Cap: US$5.2b

Designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas.

CNX Resources

Market Cap: US$4.7b

An independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.

Gulfport Energy

Market Cap: US$3.0b

Engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.

DHT Holdings

Market Cap: US$2.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Par Pacific Holdings

Market Cap: US$2.8b

An energy company, provides renewable and conventional fuels in the United States.

Natural Gas Services Group

Market Cap: US$533.8m

Provides natural gas compression equipment, flares and related assets; and electric compression equipment, technology, and services to the energy industry in the United States.

Unit

Market Cap: US$340.2m

Develops, acquires, and produces oil and natural gas properties in the United States.

Vantage Drilling International

Market Cap: US$250.8m

Operates as an offshore drilling company that provides offshore contract drilling services in the United States and internationally.

Imperial Petroleum

Market Cap: US$237.4m

Provides seaborne transportation services worldwide.

Dawson Geophysical

Market Cap: US$143.8m

Engages in providing onshore seismic data acquisition and processing services in the United States and Canada.

NCS Multistage Holdings

Market Cap: US$142.6m

Provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally.

Grupo TMM

Market Cap: US$87.3m

Operates as a logistics and transportation company in Mexico.

North European Oil Royalty Trust

Market Cap: US$70.5m

A grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany.

Highwater Ethanol

Market Cap: US$70.1m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

Permianville Royalty Trust

Market Cap: US$61.7m

Operates as a statutory trust.

ECA Marcellus Trust I

Market Cap: US$11.1m

Owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America.

Canacol Energy

Market Cap: US$341.2k

Operates as an oil and gas company in Colombia.

Avance Gas Holding

Market Cap: US$7.7k

Engages in the transportation of liquefied petroleum gas (LPG) worldwide.