Devon leads the Mid-Con pack in ‘super pad’ development
Operators in Oklahoma’s SCOOP and STACK plays have been improving their economics with “super pads,” which contain wells completed with more than 3,100 lb/ft of proppant, according to Enverus Intelligence® | Research (EIR). The resulting uptick in productivity can shave $5/bbl off breakeven prices, analysts wrote in a report called Mid-Con Super Pads, released June 5 […]
The power of satellite detected flaring
In recent years, the oil and gas industry has witnessed a remarkable shift in focus towards environmental performance, driven by the growing importance of environmental, social and governance (ESG) considerations. Among the various environmental concerns, reducing flaring has emerged as a key priority for both oil and gas investors and operators in North America. Why […]
EVOLVE Conference 2023: Four takeaways for those that work in energy
In case you missed it, Enverus virtually hosted EVOLVE, our flagship conference, May 16-17. The event included two full days of presentations, panels and keynotes, distilling the most relevant data and thoughts on the industry today. Below Andrew Gillick, managing director and energy sector strategist at Enverus Intelligence Research, breaks down four key takeaways from the […]
How to capitalize on refinancing
In the current landscape of heightened environmental and social consciousness, upstream oil and gas companies face significant challenges in achieving favorable refinancing for their existing credit facilities. These challenges are compounded by the recent volatility in the debt markets and instability in commodity prices, making it even harder for CFO and treasury teams to find […]
Unprecedented wildfire season singes Alberta oil production
Wildfires that have already scorched more than double the average annual fire destruction across Alberta forced the shut-in of more than 300,000 boe/d while threatening future shuttering of output from the so-far largely unaffected oil sands region. Record temperatures saw 92 active wildfires, 28 of which were out of control as of May 17, forcing […]
CCUS | Risky business?
CO2 containment risk has become one of the most popular topics among our clients evaluating CCUS projects. Operators need to understand and evaluate subsurface features that could trigger CO2 migration and containment losses as well as introduce additional safety, reputational and financial risks. These considerations are also important aspects of the Class VI application process […]
A lifetime without charging in public
Anyone who thinks spending time at a public charging station is a blocker to buying an electric vehicle (EV) might want to consider the numbers behind EV and internal combustion engine (ICE) vehicle refueling times. The answer is that it really depends on your use case and primarily these two questions: • How many long-distance […]
Confidently acquiring minerals in a complex market
Recent years have been a roller coaster for mineral buyers, from record low commodity prices to highs for oil and natural gas in the last year. Going forward, challenges and opportunities will be plentiful. We expect oil prices between $80 to $120 in 2023 with prices settling around $90 for the year as U.S. production […]
Powering through outage season: A breakdown of PJM’s WHUB/NIHUB spread
It’s that time of year when generator and transmission outages are at their peak in PJM. The first half of April has not disappointed volatility-wise as the WHUB/NIHUB spread has set new 30-day highs largely driven by congestion. Figure 1: Day-ahead WHUB/NIHUB MCC spread for the last 30 days with the constraints driving this spread […]
April’s energy outlook: Analyst insights you can’t miss
May marks a new month, and it’s essential to assess the energy landscape of April. Our Enverus Intelligence® | Research (EIR) team has scrutinized critical trends and advancements, delivering to you insightful analyst takes that can shape your business decisions. Being well-informed will enable you to leverage upcoming energy opportunities in 2023. Continue reading and […]