U.S. Energy Price disconnect

Williams Companies

Market Cap: US$87.6b

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

EOG Resources

Market Cap: US$80.6b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Occidental Petroleum

Market Cap: US$63.5b

Engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

Venture Global

Market Cap: US$38.2b

A liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the United States, Germany, France, Netherlands, the United Kingdom, and internationally.The company is involved in LNG production, natural gas transportation, and regasification operations, as well as LNG sales and shipping business through LNG tankers.

EQT

Market Cap: US$33.2b

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

Expand Energy

Market Cap: US$21.8b

Operates as an independent natural gas production company in the United States.

Ovintiv

Market Cap: US$18.5b

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

APA

Market Cap: US$16.6b

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

Antero Resources

Market Cap: US$11.9b

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.

Kinetik Holdings

Market Cap: US$8.9b

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

Chord Energy

Market Cap: US$8.6b

Operates as an independent exploration and production company in the United States.

Hess Midstream

Market Cap: US$8.2b

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

Magnolia Oil & Gas

Market Cap: US$6.8b

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

Valaris

Market Cap: US$6.1b

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

CNX Resources

Market Cap: US$5.2b

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

Crescent Energy

Market Cap: US$5.1b

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

Solaris Energy Infrastructure

Market Cap: US$4.7b

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.

Par Pacific Holdings

Market Cap: US$4.2b

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

Teekay Tankers

Market Cap: US$3.4b

Provides marine transportation services to oil industries in Bermuda and internationally.

National Energy Services Reunited

Market Cap: US$3.2b

Provides oilfield services in the Middle East and North Africa.

Gulfport Energy

Market Cap: US$3.1b

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

Hornbeck Offshore Services

Market Cap: US$2.8b

Provides marine transportation services to exploration and production, oilfield service, offshore construction, and military customers.

Navigator Holdings

Market Cap: US$1.5b

Owns and operates a fleet of liquefied gas carriers worldwide.

REX American Resources

Market Cap: US$1.4b

Produces and sells ethanol in the United States.

Teekay

Market Cap: US$1.2b

Provides crude oil marine transportation and other marine services worldwide.

Infinity Natural Resources

Market Cap: US$930.4m

Engages in the acquisition, exploration, and development of properties to produce crude oil, natural gas, and natural gas liquids in the United States.

GeoPark

Market Cap: US$773.4m

Operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

Imperial Petroleum

Market Cap: US$260.7m

Provides seaborne transportation services worldwide.

Blue Dolphin Energy

Market Cap: US$223.1m

An independent downstream energy company, engages in the refining of petroleum products in the United States.

Smart Sand

Market Cap: US$219.2m

A fully integrated frac and industrial sand supply and services company, provides mine to wellsite proppant supply and logistics solutions to its frac sand customers in the United States and Canada.

Energy Services of America

Market Cap: US$207.9m

Operates as a contractor and service company for the natural gas, petroleum, water distribution, automotive, chemical, and power industries in the United States.

North European Oil Royalty Trust

Market Cap: US$84.3m

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$71.8m

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$62.0m

Operates as a statutory trust.

ECA Marcellus Trust I

Market Cap: US$9.3m

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

Avance Gas Holding

Market Cap: US$7.7k

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