Stacking Up Haynesville Development
Within the Haynesville play in east Texas and Louisiana, energy companies target two stacked intervals — the Haynesville and the slightly shallower Middle Bossier. Historically, operators only target a single zone in a development or add one well testing the other zone. However, we recently identified a few larger-scale developments involving four to six wells […]
A Refreshing Dive Into Deepwater Leasing
After a successful environmental review by the current administration on federal permits and leases, which followed a temporary permitting ban by the Biden administration, operations in the deepwater Gulf of Mexico have returned to normal — almost. While there was little impact on existing offshore well permits, a decision which we believe resulted from the […]
Market Price Indices: Compare Your Prices to Basin Trends For More Cost-Efficient Operations
Click the image to explore Market Price Indices with our interactive experience. Request Info With increased focus on fiscally responsible operations and more efficient teams across the industry, it has become more important than ever to streamline efforts and gain visibility into your spend in different markets. Traditional industry KPIs alone – the movement of […]
For Crypes’ Sake — Cryptocurrency, Elon and Greta
Like real currency, cryptocurrencies are a medium of exchange which can be used to purchase goods and services virtually. Elon Musk, for instance, announced early this year that Tesla would be accepting cryptocurrencies in exchange for Tesla products, making it the first major automaker to do so. Cryptocurrencies are attractive for several reasons: there are […]
Golden Era or Gold Quarter?
With 1Q21 earnings well underway, it is clear that E&P companies are generating more profits (as measured by free cash flow) than they have in a long time. Cumulative cash flow generated for independent E&P companies in Q1 increased tenfold from the previous year, based on the sample set we have now. Capital discipline reflected […]
CFHO: More Legs Than a Spider
Cold flow heavy oil (CFHO), as the name makes clear, describes the production of thick crude that flows slowly — think of molasses. Unlike some oil sands projects where steam is injected underground to decrease viscosity and allow the oil to flow, CFHO is pumped to surface without the addition of steam. CFHO typically relies […]
Environmental, Social and Governance – Do Markets Really Care?
Lenders have and continue to price credit risk within the E&P industry by assessing the proportion of a borrower’s cash flow and collateral to its net debt. However, in recent years many lending institutions began adopting policies to incorporate environmental, social and governance (ESG) factors into their investment decisions to assess risks unquantified by traditional […]
In Energy, the Only Constant Is Change
There are many terms circulating today regarding changes to how we power our lives. Are we experiencing a “transition” or an “evolution”? At Enverus, we see it as an evolution. The future of energy is an expanding mix of energy sources, not an elimination of them. From wood, water and oil, to wind and solar, […]
Delaware Basin’s Evolving Federal Landscape
Since the Biden administration took office in January, the risk to oil and gas producers with assets on federally administered land has been a dynamic debate. On his first day in office, President Joe Biden issued an executive order temporarily banning new leasing and permit approvals on public land for a 60-day period while questions […]
Why ERCOT Outage Scares Are Vexing Texas in Mild Weather
The threats of ERCOT power blackouts are emerging again this spring, just two months after millions of Texans survived freezing temperatures without heat or power during extended blackouts in February 2021. On Tuesday, April 13, Texas’ power grid again faced failure as extended maintenance work and unseasonable weather patterns brought typical supply levels lower. ERCOT […]