Themes / Group
Fading · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Oil & Gas Producers

THE TRADER READShared activity without a clean directional read

20 of 20 measured members are falling. Capital-flow confirmation is unavailable.

Price breadth20 of 20 fallingRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 14/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

TUE, NOV 4MUR filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, FEB 25APA filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

20/20 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across APA, CHRD, COP, CRC, CRGY, DVN, EOG, FANG, MGY, MTDR, MUR, OVV, OXY, PTEN, SM, TALO, VNOM.

credit / rates affecting interest expense

The unfavorable variance was primarily due to higher foreign exchange losses ($31.5 million) and higher interest expense ($11.4 million) due to the timing of interest payments on long-term debt, and was partially offset by gains on derivative instruments ($8.4 million) due to fixed price sales contracts.

MUR 10-Q · 2025-11-05
restructuring

Both impairment charges were due to subsurface issues that led to reserve reductions.

MUR 10-K · 2026-02-25
restructuring affecting expense

Lower net income from continuing operations was largely driven by lower revenues and other income ($309.7 million), higher depreciation, depletion and amortization expense (DD&A) ($112.0 million), higher other losses ($93.2 million), higher impairment expense ($52.1 million) and higher selling and general expenses ($27.2 million).

MUR 10-K · 2026-02-25
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
CHRDBNDPositive historical lead/lag · strength 0.14
CHRDHYGPositive historical lead/lag · strength 0.13

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
APAMGYMURNOGTALOHPCRCPRCRGYFANGCOPPTENSMEOGOVVOXYCHRDMTDRVNOMDVN

4/20 active0 rising · 20 falling

MemberUnusual activityToday's moveRead now
APAAPA Corporation
Elevated · 100/100
-3.8%
Active; unclassifiedHistorical role unavailable
MGYMagnolia Oil & Gas Corporation
Elevated · 86/100
-2.9%
Active; unclassifiedHistorical role unavailable
MURMurphy Oil Corporation
Most unusual · 80/100
-3.9%
Active; unclassifiedHistorical role unavailable
NOGNorthern Oil and Gas, Inc.
Elevated · 79/100
-1.6%
Active; unclassifiedHistorical role unavailable
TALOTalos Energy Inc.
Elevated · 73/100
-2.5%
Active; unclassifiedHistorical role unavailable
HPHelmerich & Payne, Inc.
Elevated · 67/100
-1.0%
Active; unclassifiedHistorical role unavailable
CRCCalifornia Resources Corporation
Elevated · 65/100
-1.3%
Active; unclassifiedHistorical role unavailable
PRPermian Resources Corporation
Elevated · 65/100
-1.7%
Active; unclassifiedHistorical role unavailable
CRGYCrescent Energy Company
Quiet · 63/100
-2.9%
Watch / laggardHistorical role unavailable
FANGDiamondback Energy, Inc.
Quiet · 56/100
-2.8%
Watch / laggardHistorical role unavailable
COPConocoPhillips
Quiet · 51/100
-1.1%
Watch / laggardHistorical role unavailable
PTENPatterson-UTI Energy, Inc.
Quiet · 46/100
-2.9%
Watch / laggardHistorical role unavailable
SMSM Energy Company
Quiet · 45/100
-2.2%
Watch / laggardHistorical role unavailable
EOGEOG Resources, Inc.
Quiet · 45/100
-2.3%
Watch / laggardHistorical role unavailable
OVVOvintiv Inc.
Quiet · 43/100
-2.3%
Watch / laggardHistorical role unavailable
OXYOccidental Petroleum Corporation
Elevated · 42/100
-2.8%
Active; unclassifiedHistorical role unavailable
CHRDChord Energy Corporation
Elevated · 42/100
-2.6%
Active; unclassifiedHistorical role unavailable
MTDRMatador Resources Company
Quiet · 38/100
-3.4%
Watch / laggardHistorical role unavailable
VNOMViper Energy, Inc.
Quiet · 30/100
-1.4%
Watch / laggardHistorical role unavailable
DVNDevon Energy Corporation
Quiet · 29/100
-2.7%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
APAAPA CorporationParticipating-3.8%Price participation is not yet confirmed by per-name flow.
MGYMagnolia Oil & Gas CorporationParticipating-2.9%Price participation is not yet confirmed by per-name flow.
MURMurphy Oil CorporationMost unusual-3.9%Most unusual activity in this snapshot; performance direction may differ.
NOGNorthern Oil and Gas, Inc.Participating-1.6%Price participation is not yet confirmed by per-name flow.
TALOTalos Energy Inc.Participating-2.5%Price participation is not yet confirmed by per-name flow.
HPHelmerich & Payne, Inc.Participating-1.0%Price participation is not yet confirmed by per-name flow.
CRCCalifornia Resources CorporationParticipating-1.3%Price participation is not yet confirmed by per-name flow.
PRPermian Resources CorporationParticipating-1.7%Price participation is not yet confirmed by per-name flow.
CRGYCrescent Energy CompanyQuiet / lagging-2.9%Not participating yet; a breadth test or a genuine divergence.
FANGDiamondback Energy, Inc.Quiet / lagging-2.8%Not participating yet; a breadth test or a genuine divergence.
COPConocoPhillipsQuiet / lagging-1.1%Not participating yet; a breadth test or a genuine divergence.
PTENPatterson-UTI Energy, Inc.Quiet / lagging-2.9%Not participating yet; a breadth test or a genuine divergence.
SMSM Energy CompanyQuiet / lagging-2.2%Not participating yet; a breadth test or a genuine divergence.
EOGEOG Resources, Inc.Quiet / lagging-2.3%Not participating yet; a breadth test or a genuine divergence.
OVVOvintiv Inc.Quiet / lagging-2.3%Not participating yet; a breadth test or a genuine divergence.
OXYOccidental Petroleum CorporationParticipating-2.8%Price participation is not yet confirmed by per-name flow.
CHRDChord Energy CorporationParticipating-2.6%Price participation is not yet confirmed by per-name flow.
MTDRMatador Resources CompanyQuiet / lagging-3.4%Not participating yet; a breadth test or a genuine divergence.
VNOMViper Energy, Inc.Quiet / lagging-1.4%Not participating yet; a breadth test or a genuine divergence.
DVNDevon Energy CorporationQuiet / lagging-2.7%Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.