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 […]
Red Wolf Natural Resources Shows That Processing JIBs Doesn’t Have to Be Painful
Request Demo If joint interest billing (JIB) processing feels like a cement block pulling you under, take heart. You are not alone. For most companies, JIB processing is plagued by multiple inefficiencies, conflicting sources of truth, complicated audit controls and high overall administrative costs. Red Wolf Natural Resources, an E&P company based in Oklahoma City […]
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 […]
My Career in Energy: Ashley Zumwalt-Forbes
Ashley Zumwalt-Forbes is co-founder and president of Black Mountain Metals 1, Black Mountain Metals 2, Black Mountain Exploration and Black Mountain CarbonLock. Featured in Forbes’ 30 Under 30 in Energy in 2020, Ashley also sits on the advisory board for About Hennessy Capital Investment Corp. V, Female Venture Fund, Polestar, TCU Energy Institute and the […]
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 […]
OFS: Optimize Cash Flow To Offset Lower Revenue
Request Free Tour When it comes to growth strategy, oilfield service companies can take a lesson from operators. Even before the market took a nosedive in 2020, E&P companies had to turn their focus inward to find sources of free cash flow to fund growth. One area of focus is digitalization of processes with cloud […]
Fast Track Economies of Scale Post-M&A With Digitalization and Analytics — Part 2
Part 2: Spend understanding Request Info In this blog series, we discuss why digitalization and analytics for M&A are key to uncovering best practices and how to use data-driven decision-making to find these best practices, maximizing cost savings within a newly formed organization. In article one, we discuss why digitalization of the back office lays […]
Fast Track Economies of Scale Post-M&A With Digitalization and Analytics — Part 1
Part 1: Digitalization Request Info Every business wants to grow and growth needs strategy. In energy, one strategy for continued growth is M&A, especially when the market goes into increased volatility. Acreage deals, when an operator wants to develop a major new area, focus on growth through acquiring new positions that don’t require significant DNC […]