Taming midstream costs: Refined expense accruals
Enverus | Blog
by Enverus
23h ago
Midstream is caught between a rock and a hard place. On one hand, gathering and pipeline operators, processors, storage and energy marketers face abundant opportunities and challenges when meeting customer demand. And it’s only becoming more complex with accelerating operator M&A shaping the production landscape and increasing global demand for both oil and U.S. LNG. On the other hand, midstream companies face fierce competition, low tariffs and lingering inflationary pressure that pushes labor and supply chain costs higher.  When it comes to best-in-class financial performance, reven ..read more
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Gas players approach weak pricing with operational flexibility
Enverus | Blog
by Erin Faulkner
2d ago
Natural gas prices are setting up E&P companies operating in gas plays for a challenging 2024, maybe more challenging than they expected. On March 20, the 12-month strip settled at $2.71/MMBtu, down from more than $3.00/MMBtu when the year started, and the front-month settled at $1.70/MMBtu. The warm winter and growing associated gas production have pushed gas storage volumes 41% above the five-year average and 21% higher than this time last year, at 2.33 Tcf as of March 15. The vast majority of Appalachian producers announced maintenance production plans at the start of the year, but Ches ..read more
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Improving injection studies with ATC
Enverus | Blog
by Robin Grathwohl
2d ago
What is available transfer capacity (ATC)? Available transfer capacity (ATC) refers to the remaining power transfer capability within a transmission network. It represents the maximum amount of power that can be transmitted over a transmission line without compromising grid reliability and stability. Why is ATC important for power project developers? With the increasing demand for electric power and the integration of renewable energy into the U.S. power market, the process of adding new power to the grid and navigating interconnection has become more complex. Historically, fossil fuel plants ..read more
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U.S. rig day rates slip as January hopes turn to February blues
Enverus | Blog
by Joseph Gyure, Editor, Enverus Intelligence
1w ago
Day rates in the U.S. can’t seem to make up their mind, and neither can drilling contractors. All the Enverus Day Rate Survey’s seven regions saw rig rates decline sequentially in February, for the first time since October. Drillers surveyed in February also turned pessimistic as new-year optimism dissipated, citing the soft natural gas price as the main culprit behind declining rig demand. The U.S. composite day rate fell $146 or 0.61% in February to $23,759. All seven regions saw rates increase in January and last November, while December was a mixed bag in which the overall composite declin ..read more
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What happens when GenAI makes everyone a power user?
Enverus | Blog
by Jimmy Fortuna
1w ago
We’re all about to find out. As a general rule, software designed for people with deep expertise in a technical field brings to the table both a great deal of power and a steep learning curve, and it doesn’t really matter what that technical field is. Are you an audio/video technician doing post-production work to make a movie? It helps a lot to know how to use Apple’s Final Cut Pro. Are you a reservoir engineer building a visual dashboard that quantifies the efficiency of DSU-level oil and gas recovery? Well, knowing your way around Enverus PRISM® goes a long way toward getting the job done w ..read more
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Energy Transition Today | U.S. Emissions Stocktake
Enverus | Blog
by Ivana Petrich
1w ago
As the world debated the complexities of achieving net zero at last year’s COP28, regulatory pressures continued to increase in the U.S as the EPA announced its final Quad O rules aimed at sharply reducing methane emissions. Combined with the proposed updates to Subpart W of the Greenhouse Gas Reporting Program and the IRA’s methane fee or Waste Emissions Charge, we believe the next five years will prove critical for operators to adjust to the requirements of these separate but interconnected rulemakings. In light of these regulations, our U.S. emissions stocktake evaluates progress in the up ..read more
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Unearthing the potential beneath deepwater fracturing
Enverus | Blog
by Enverus
1w ago
CALGARY, Alberta (Mar. 13, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, has released a report that assesses fracturing parameters and recovery enhancement within the Gulf of Mexico’s (GOM) Lower Tertiary play and analyzes project economics.  “Growth of oil production from the Gulf of Mexico depends on operators successfully developing reservoirs found in what the energy industry calls the Lower Tertiary geological trend,” said Marvin Ma, report author and a vice president at EIR. “Developing the resource ..read more
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Midwest transportation failure strands highly anticipated CCUS opportunities
Enverus | Blog
by Enverus
1w ago
CALGARY, Alberta (March 7, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading energy-dedicated SaaS company, has released a report examining emissions from Midwest ethanol facilities left without a connection to carbon capture, utilization and storage (CCUS) projects after Navigator CO2’s Heartland Greenway pipeline was canceled, and Summit Carbon Solutions’ chance to add these ethanol plants to its planned CO2 pipeline route. EIR also evaluates the options available for Navigator’s 11 planned Class VI injection wells in central Illinois that are now cut off from ..read more
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Finding Common Ground: Solar Projects Near O&G Operations
Enverus | Blog
by Katherine Paton-Ilse
2w ago
As solar generation continues to dominate the renewable energy industry, siting projects is becoming increasingly difficult. With new projects entering the interconnection queue every day, available land for solar development is rapidly diminishing. Traditional sites, such as flat, open parcels, have already been thoroughly explored and developed. Solar developers are finding out they need to get innovative to find their next project site. An unlikely solution may lie within the oil and gas industry – operational oil and gas sites. Although a solar farm being built around oil and gas infrastr ..read more
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The Road to Clean Hydrogen’s Commercial Liftoff
Enverus | Blog
by Smayan Sharma
3w ago
Hydrogen technology has received a lot of attention over the past few years due to ambitious decarbonization targets and transformative funding programs. With the majority of tracked U.S. clean hydrogen capacity skewed to early development stages, the hype has yet to translate to commercial liftoff. Enverus Intelligence® Research (EIR) anticipates a wide range of project outcomes as this nascent industry attempts to scale and believes that defensible business models must demonstrate access to superior asset quality, robust innovation ecosystems and supportive partners. We explored the topic ..read more
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