Powering the Digital Age | Data Centers and Energy
Questions around the relationship of data centers to energy demand are very quickly etching themselves onto the minds of industry and technology participants alike.
Predicting the 630__B Constraint With Transmission Impacts in ERCOT
Over the last seven days, the Enverus ERCOT P&R forecast has accurately predicted the 630__B constraint (KLNSW-HHSTH 138 kv with contingency DSALKLN5) in ERCOT. While it is fundamentally driven by high wind and solar generation, there were two transmission outages responsible for increasing flow on the constraint by 50%, while other longer term transmission outages also had a smaller impact on the same constraint.
Back Office Automation Tools for Oilfield Services Companies
Being a supplier in the oil and gas business is hard. You must ride the cycle of boom and bust, differentiate yourself in an incredibly competitive market and make sure your financial fundamentals are sound.
No, Global Oil Demand Will Not Peak by 2030.
Enverus Intelligence® Research holds the position that global oil demand will not peak or decline before the end of this decade. EIR’s analysis offers a distinct and unbiased viewpoint, diverging from the two benchmarks forecasters; OPEC and the International Energy Agency (IEA).
The Hype and the Realities of CCUS
The Enverus Intelligence® Research (EIR) Subsurface Innovation Team attended AAPG’s CCUS 2024 conference in Houston March 11-13. The conference, which also brought together SPE and SEG membership, hyped up the need for CCUS to offset the demand for fossil fuels, which according to our forecast is expected to grow from 103 MMbbl/d in 2024 to 108 MMbbl/d by 2030.
Mewbourne-led Cleveland activity jump bucks Anadarko trend
E&P activity targeting the Cleveland formation in the Anadarko Basin more than doubled in 2023 with 46 new wells reaching first production, compared to 20 in 2022 and similar levels the previous two years.
California Dreamin’ | Long-Term LCFS Price Forecast
Renewable fuel uptake has surged in California in recent years, contributing to a 141% increase in the California Low Carbon Fuel Standard (LCFS) credit bank surplus and resulting in a drop in credit prices from ~$185/tonne to $75/tonne from 2019 through 2023.
SLB taking home the prize in $8.2B ChampionX acquisition
In the biggest oilfield services transaction since 2016, SLB agreed to acquire ChampionX Corp. for $7.76 billion in stock, bringing an industry leader in production chemicals into the OFS giant’s fold. ChampionX’s $420 million in net debt brings the transaction to an $8.18 billion enterprise value.
Navigating the Intricacies of Offshore Drilling
Offshore drilling is a complex and multifaceted process essential for accessing oil and gas reserves beneath the seabed. Exploration drilling is the initial phase, crucial for identifying potential oil or gas reservoirs. It involves the deployment of mobile drilling units to conduct exploratory drilling on selected sites.
360km, 12 runners, 6 countries, #OneTeam
Did you know that Enverus now has 18 offices around the world, with the most recent addition of the Brno office in Czechia