21 public companies told the SEC they depend on OIL GAS.

“we anticipate that commodity prices will continue to be cyclical and volatile”

“average rig count decreased by 6% from 2024's level, as a result of lower crude oil prices in 2025. However, the average natural gas prices rebounded in 2025 by approximately 61% from 2024, which resulted in some growth in rig count working in natural gas basins and helped offset some of the overall decline in total land-based rig count.”

“We derive almost all of our revenue from the sale of natural gas, crude oil and NGL produced from our oil and natural gas properties.”

“Based on our production for the year ended December 31, 2025, our oil and gas sales for 2025 would have moved up or down $17.4 million for each 10% change in oil prices per Bbl, $12.7 million for each 10% change in gas prices per Mcf, and $4.9 million for each 10% change in NGL prices per Bbl.”

“Benchmark is an independent oil and natural gas company that acquires, produces and develops oil and natural gas assets in Texas and Oklahoma.”

“drilling and completions activities for oil and gas are highly correlated to oil and gas and power prices. With commodity price fluctuations related to ongoing geopolitical conflicts, OPEC+ production policy, and market sentiments related to tariffs/trade war, North American drilling and completion activity has declined over the past year. The price for West Texas Intermediate crude oil averaged $65.46 per barrel (“Bbl”) in 2025, as compared to $76.80 per Bbl in 2024, representing a decrease of approximately 15%.”

“Although as of December 31, 2025, oil and gas loans comprised 6.4% of our loan portfolio, the impact of lower oil and natural gas prices could have an indirect impact on our other loan portfolio segments”

“However, if commodity prices fall below current levels, we may be required to record impairments in future periods and such impairments could be material. Further, if commodity prices decrease, our production, proved reserves, and cash flows will be adversely impacted.”

“The decrease was primarily due to lower project related activity as a result of rig count and commodity price declines.”

“as approximately 14% of trust fees came from management of oil and gas properties in 2025, a decline in the prices of oil and gas could lead to a loss of our trust income.”

“The demand for drilling services and solutions is derived from exploration and production companies spending money to explore and develop drilling prospects in search of crude oil and natural gas.”

“Our business is directly affected by our customers' capital spending to explore for, develop and produce oil and natural gas in the United States and Canada.”

“Approximately 40%, 32%, and 28% of production from Magnolia's assets was attributable to oil, natural gas, and NGLs, respectively, for the year ended December 31, 2025.”

“The Company explores for and produces oil and natural gas in select basins around the world. The Company's revenue from sales of oil and natural gas production activities is primarily subdivided into two key geographic segments: the U.S. and Canada. Additionally, revenue from sales to customers is generated from three primary revenue streams: crude oil, natural gas and NGLs.”

“A prolonged reduction in oil and natural gas prices could lead to depressed levels of exploration, development, and production activity and could have a material adverse effect on our business, results of operations and financial condition.”

“Our business primarily depends on the level of spending on offshore developments and related operating activities by our customers in the energy industry.”

“Oil and gas drilling in our area is affected by the price of oil and state, local and federal government regulations. The number of wells drilled varies from year to year.”

“Fluctuations in the prices of commodities, particularly the price of oil, and activity levels as measured by well completions, significantly impact RPC's financial results.”

“Future cash flow from operations will depend on our ability to recognize sales of production volumes, as well as the prices of oil, natural gas and NGLs.”

“Recent U.S. foreign policy decisions may also have short- and long-term effects on oil and gas pricing.”

“Demand for our services depends substantially on our customers' strategies and allocation of capital spending related to offshore exploration, development and production of oil and gas reserves, which are generally dependent on our customers' views of future demand for oil and gas and future oil and gas prices”