Uncertainty surrounding oil prices will keep a lid on U.S. drilling activity and supply the remainder of the year and into 2026, company executives said in their second quarter earnings calls.

U.S. gas demand should rise rapidly in the remainder of the year as LNG facilities ramp up exports, but operators chasing price signals could keep a lid on any upside, EQT Corporation chief financial officer Jeremy Knop said at its second quarter earnings call.

The Alberta government brought in $16.44 million at its Aug. 20 land sale.