International Upstream Returns Still Competitive
Long-lead international upstream projects still offer returns that remain competitive with North American oil plays and the fast-growing renewable energy sector despite growing economic, investor and regulatory headwinds. As a result, long-term production declines from the international project slate will continue to be offset by world-class projects such as the Guyana/Suriname developments that offer strong […]
Three Stunning Power Market Trends That Emerged in 2020
As I began to reflect the market trends of 2020, as well as what to expect in the New Year, I couldn’t help but laugh at my naivete in my call for more market volatility as renewables gain market share in power markets, which I published at this time last year. To be sure, we […]
Algo Versus Reality
Updating hundreds of thousands of type curves with new production data is no small feat. At Enverus, we use a proprietary type curve algorithm to draw and update type curves automatically in Enverus CORE based on our cleaned production data, leaving our analysts time to work on high-value analysis. We conducted a study to determine […]
A Geologist’s Backpack
All geologists working in the field start their day by throwing a few essential items into their backpacks: A hand lens, a hammer and a pad of paper to record the day’s findings. For geologists working from the office, we typically line our “backpacks” with other essential supplies. Geologists powered by Enverus start their day […]
You Don’t Have to Be a Quant to Get Complex Forward Curves
Enverus has always had a flagship curve building solution with deep functionality, but it wasn’t designed for use by everybody. Before today, our flagship solution was largely restricted to a small and technical user group. With deep functionality came a complicated interface – and if you didn’t know how to write code, CurveBuilder probably wasn’t […]
Market Update – Election and Vaccines
The consensus among market participants leading up to the U.S. election linked a Joe Biden win to a bearish outcome for global oil prices and the oil industry. Despite this fear, a rally in global oil prices drove the XOP, an ETF which tracks a basket of U.S. exploration and production equities, to outperform the […]
Prepare Your Royalty Owner Support for Tax Season
Request Info The buildup to tax season can be a hectic and stressful time for operators. Every year, operators spend weeks processing and mailing 1099s and state tax documents to mineral rights owners, while handling related inquiries from owners (which could increase by up to three times normal volumes). Unfortunately, many operators are dealing with […]
Working From Home For the Holidays – Tips for Risk Analysts
As most risk analysts know, it’s difficult to truly observe a local holiday at home when your company does international trade deals with countries all over the world. It’s scarcely any different for those of us who work in the business of distributing, collecting, or analyzing market data. The imports, exports, and pipeline flows you […]
Ranking the Rock
One tool Enverus uses to evaluate and analyze different regions of a play is generating distinct geographical regions. Enverus uses a 2D map clustering algorithm to create geologically similar regions that are ranked based on rock characteristics. We then look at other factors like well activity, productivity and cost structure to assign breakevens to each […]
Oil & Gas Consulting: Outsource Strategic Planning to Rake in Cost Savings
Request Info As a company grows, so does its process, administrative and technology needs. Operations become more complex, and the company must adapt to remain efficient in this new environment. At some point, oil and gas companies must examine and decide how they should evolve to meet the company’s growth, and if it makes more […]