Nominally Hedged is Kalibr Partners’ briefing on what oil and gas actually costs: every category, CAPEX to OPEX, proprietary data systems, interpreted through a commercial lens.
One issue every two weeks, on Friday mornings, and the issues are long. The age we are in assumes everything is solvable and fits in a tidy box: AI has the answer, the tweet holds it, the video explains it. We disagree, routinely. Almost everything in this business sits on a spectrum of paradox. The same policy that manufactures a vendor’s customers taxes what the vendor builds for them. The instrument that protects one company’s core business is the instrument another company can’t issue. Working through where a strategy fails, where it holds, and what happens two and three steps downstream is where thoughtful strategy gets formed, and that takes room. So we take it.
The newsletter is free in full. The data that used to run here on Thursdays and Sundays, the basin census (who runs whose iron, unit by unit) and the counterparty reads (what the money around the iron is doing), now ships as quarterly reports: Kalibr Compression, in a Buyer’s Edition for the operator holding the contract and a Market Edition for vendors and the desks that finance them. A single regional issue is $7,500; one region for a year, four issues and the workbook, $18,000; every region with the portal, $48,000. Reply to any email and we will send the table of contents.
Who we are: a petroleum engineering consultancy of former operator engineers and data scientists. We ran the assets, built the data and run the negotiation. Four services, one purpose: a lower cost per barrel. The firm lives at kalibrpartners.com.
This newsletter is research and commentary for informational purposes only. It is not investment advice and not a solicitation to buy or sell any security. The analysis draws on those companies’ public filings and earnings calls alongside Kalibr’s proprietary asset data; figures are believed reliable but not guaranteed, and several reflect modeling assumptions stated in the analysis. Company names and marks belong to their respective owners.
