Nominally Hedged | The Landlord Problem: Why Your Compression Vendor Can’t Lower Your Rate

Axip Energy filed for bankruptcy in a compression bull market. That is either a cautionary tale or a tutorial. It depends on what you do with the…

Mar 20 • Ian Myers

5

Nominally Hedged | 3.6.2026: The OCTG Market Changed. Your Contracting Playbook Didn't.

What the tariff reset, a lagging index, and the wrong demand model are costing E&P operations groups right now.

Mar 6 • Ian Myers

6

February 2026

Known Unknowns | Frac Q4 2025 Review

They Scrapped the Cheap Fleet and Filed an 8-K About It.

Feb 26 • Ian Myers

4

Nominally Hedged: 2.13.2026 | Your AI Is Solving the Wrong Error

Three cost buckets, two kinds of mistakes, and the $15 million post-mortem nobody writes.

Feb 13 • Ian Myers

2

Known Unknowns | COP Q4 2025: The Machine That Refuses to Flinch

The earnings call where ConocoPhillips told Wall Street it doesn’t have a reaction function, and Wall Street spent 90 minutes trying to find one anyway.

Feb 11 • Ian Myers

2

Nominally Hedged | 2.6.2025: Curb Your G&A

Larry David, the HOV lane, and the billion-dollar industry habit of adding overhead to reduce overhead.

Feb 6 • Ian Myers

1

January 2026

Nominally Hedged | 1.28.2026: Birkin Bag Economics in the Permian Basin

Your compression vendor is approaching Hermès margins. You are not getting a handbag.

Jan 28 • Ian Myers

5

Nominally Hedged | 1.21.2026: Running Out of Red

Devon, Coterra, and the Strategic Logic of Aggregating Depletion

Jan 21 • Ian Myers

5

1

Nominally Hedged | 1.14.2026: What Jet Engines and Oxygen Plants Can Teach You About Compression

When industries with 70 percent supplier margins finally push back, they don’t reinvent the wheel. They borrow it.

Jan 14 • Ian Myers

1

Nominally Hedged | 1.6.2026: The Conveyor Belt Problem in Oil and Gas

Why outsourced compression earns 70 percent margins, looks suspiciously like infrastructure, and is quietly forcing E&Ps to rethink who should really…

Jan 7 • Ian Myers

4

November 2025

Nominally Hedged - November 12th, 2025: Pretty, Pretty, Pretty Good Economics

Why chemical spend is the most psychologically difficult and strategically under-optimized cost center in oil and gas.

Nov 12, 2025 • Ian Myers

1

Kalibr Sweep | Thoughts on SM / CIVI Merger

When scarcity starts writing the M&A playbook

Nov 6, 2025 • Ian Myers

1