Will the Omicron Variant Lead to the Collapse of Oil Prices?
With the Omicron variant continuing to spread around the world, will a drop in oil prices follow? Maybe, but probably short term. Equity markets tanked last Friday, Nov. 26, on fears that the Omicron variant would sharply impact worldwide economic output. The nearly 1,000-point loss in the Dow wiped nearly $90 billion of value in […]
Supermajors Pile Into Low-Carbon GOM Acreage
Offshore Gulf of Mexico (GOM) is becoming the destination of choice for international oil companies seeking new, low-carbon acreage to explore and develop. Lease Sale 257 on Nov. 17 garnered $192 million in winning bids, about double the average of the previous seven auctions, across 170 deep- and 140 shallow-water blocks. The sale went ahead […]
Attacking Methane Emissions Beyond Oil and Gas
A recent Associated Press article titled “Biden’s climate plan aims to reduce methane emissions” states, “The centerpiece of U.S. actions is a long-awaited rule from the Environmental Protection Agency to tighten methane regulations for the oil and gas sector.” It also says, “The oil and natural gas industry is the nation’s largest industrial source of […]
Attractive E&P Yields Are Becoming Difficult for Investors To Ignore
Finding high-yield investments has become more difficult in recent years. One reason why E&P stocks have outperformed all sectors year-to-date (XOP up 88% versus S&P up 23%) is because of attractive free cash flow (FCF) yields, even after the sector has rallied. Nearly all E&P stocks continue to offer double-digit FCF yields — based on […]
COP26 and the Long Road to Decarbonization
We were curious to see what would happen during this week’s 2021 United Nations Climate Change Conference, or COP26. After all, commitments to net zero emissions need to be coupled with realistic pathways for their delivery, and so far, they have not been. Previous pledges on climate action have gone unfulfilled and governments have struggled […]
What Drives Exploration Acreage Bid Valuations at Lease Sales?
Accurately understanding bid prices at lease sales is an arduous task for exploration teams. Several variables contribute to a block’s risk and cost, such as the presence of de-risked play concepts, an operator’s confidence in prospect interpretation, proximity to infrastructure, macro environment and political landscape, among others. While some of those factors are subjective and […]
PROJECT TRACKING REVIEW: TOP 10 US ENERGY STORAGE DEVELOPERS
As renewable power generation accelerates and concerns around the capacity and resiliency of energy grids grow, companies are increasingly exploiting and developing energy storage systems. But grid-connected energy storage systems are not a novel concept and have existed for years. Why is energy storage important? In its simplest form, energy storage is best thought of […]
Project Tracking Review: Top 10 US Energy Storage Developers
As renewable power generation accelerates and concerns around the capacity and resiliency of energy grids grow, companies are increasingly exploiting and developing energy storage systems. But grid-connected energy storage systems are not a novel concept and have existed for years. Why is energy storage important? In its simplest form, energy storage is best thought of […]
Enverus Knowledge Hub: On-Demand Energy Insights
In the rapidly evolving energy industry, staying on top of market trends can be complex and overwhelming. As difficult as it is to stay up to speed with so many moving pieces, having a comprehensive view of the energy market is critical to making the best business decisions. Now, there’s a way to stay plugged into energy […]
Inspiring Our Oil and Gas Workforce
We all understand the motivations that drive folks who hunt for treasures. Whether it’s buying extra Powerball tickets, trying to pick the next crypto or biotech winner in the stock market, or even using a metal detector at the beach to find a lost Rolex, we understand. It’s the allure of making a risk pay […]