Condition-Based Pricing for Oil and Gas Operators
As an upstream oil and gas operator, you likely have various pricing agreements in place with your suppliers. These agreements can range from simple and rigid pricing structures to complex and flexible pricing structures. One specific type of flexible pricing agreement that is commonly used between buyers and suppliers in the oil and gas exploration […]
6 tax preparation tips for mineral and royalty managers
With tax season upon us, mineral and royalty owners face the daunting task of filing for their oil and gas revenue streams. Adding to the unique complexities are the different tax implications and deductions at the federal, state and local level. Anyone who has filed taxes for oil and gas income knows of the most […]
3 price management capabilities to offset cost inflation
1981. That was the last time cost inflation was this high. Cost inflation combined with a weak economy led to what some could argue was the worst recession since the Great Depression. 1981 was also the peak of the oil boom when oil prices were $31.77 per barrel. A period of prosperity for oil and […]
Enverus Learning and Development helps professionals level up job skills
Changing environmental attitudes, job engagement, an aging workforce, new technologies … these are just a few things affecting the energy workforce today. A recent survey of global energy industry recruiters and workers reflects these shifts, indicating their importance for all energy producers, from oil and gas to renewable energy. It’s becoming clear how crucial […]
2023 Mineral and Royalty Market Outlook Report
Following a year of unexpected volatility with oil and gas prices, anticipating what revenue streams will look like in 2023 is top of mind for mineral owners. 2022 started with expectations of a return to a typical, flatter price curve after the economic and demand disruption of COVID-19. However, Russia-Ukraine war and OPEC+ production cuts […]
Increase visibility and efficiency with OpenTicket® Mobile digital field ticketing software
In the face of ongoing cost inflation and economic uncertainty, operators are under increasing pressure to demonstrate efficiencies and fiscal discipline. For operations and accounts payable teams, reviewing and approving high volumes of field tickets continues to be a major source of inefficiency. Field supervisors are particularly overwhelmed by the number of tickets they need […]
Achieve lean, efficient oil and gas operations in 2023
Challenges such as the COVID-19 pandemic, the war in Ukraine, complex new energy policies and historic levels of inflation have created challenging conditions for oil and gas companies over the past two years. There is mounting pressure on E&Ps to produce in more efficient and environmentally sound ways, without sacrificing bottom line performance, even as […]
Simplify mineral management and maximize revenue with the right technology solutions
Oil and gas operating companies and non-ops — mineral, royalty and working interest owners — are two sides of the same coin. In the digital age, non-ops need to be just as data and software savvy as E&Ps, but technology innovation has historically focused on operators. However, there is good news for non-ops. With Enverus’ […]
3 ways source-to-pay suites enhance oil and gas supply chain management
The past two years have taught us that without supply chain, our world seemingly falls apart. Supply chain permeates every facet of our lives. Whether it’s for appliances we store our foods in or medicine for our children. It’s no different for energy — from sourcing services, equipment and materials for oil and gas to […]
Digitalizing Source-to-Pay Key To Maximizing Time and Cost Savings in Operations
How Enverus Source-to-Pay innovation is helping operators make big leaps toward total operating efficiency Colin Westmoreland, Enverus’ chief innovation officer, spoke at our SPARK 2022 conference in August. During his “Innovation Acceleration: Source-to-Pay” keynote, Westmoreland discussed how the complexity of the energy industry requires a comprehensive, connected Source-to-Pay platform — and how Enverus is bringing […]