Energy Transition Today: EPA jumpstarts EV uptake
The pace of electric vehicle (EV) adoption is hastening around the world, with China set to surpass 30% of new sales in 2023. The U.S. Environmental Protection Agency (EPA) announced its plan to significantly increase regulation on tailpipe emissions, so much so that it would require between 54%-60% of new vehicles sold in the U.S. […]
Permian gears up for M&A bonanza as PE steers toward the exits
This article originally appeared in the Enverus Weekly Market Pulse Report. Last week’s $4.3 billion acquisition of three Midland Basin-focused EnCap portfolio companies by Ovintiv was the biggest Permian deal since ConocoPhillips bought Shell’s assets in September 2021 and kicked off 2Q23 M&A with a bang. Ovintiv shareholders didn’t seem to mind the scale and […]
2023 banking crisis: What does it mean for oil prices?
Some very prominent banks (Silicon Valley Bank, Credit Suisse, Signature Bank) are shaking the very foundation of the financial system, which is spilling over and causing some significant downward pressure within the oil markets. No doubt this all appears frightening, but let’s step back and take a look at what it really means for the […]
CCUS: Separating winners from losers
The Inflation Reduction Act supercharged activity along the carbon capture, utilization and sequestration (CCUS) value chain and accelerated the race to secure partnerships with emitters and landowners for CO2 storage. As excitement turns to action, attention is shifting to evaluating risks along the value chain and to the factors that will distinguish successful projects. Enverus’ […]
Analyst Takes: Looking back at March energy trends
As we welcome April, it’s important to reflect on the energy landscape of the previous month. Our Enverus Intelligence® | Research (EIR) team has examined critical trends and developments, providing insightful analyst takes that can inform your business decisions. By staying informed, you’ll be in a strong position to capitalize on upcoming energy opportunities in […]
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 […]
The impact of load growth and datacenters on ERCOT prices: A new era for West Texas?
In the past, the energy market experienced significantly low prices during extreme lows of net load in West Texas. However, recent observations indicate these ultra-low prices are becoming rarer. The increasing presence of price sensitive datacenters in West Texas is believed to be a major driver behind this change. Let’s explore the effects of these […]
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 […]
Lessons in risk management: What we can learn from one trader’s $300M loss
Even multi-national conglomerates can suffer devastating trade losses. In 2019, a subsidiary to a global manufacturing firm was forced to shutter after a single oil derivatives trader racked up more than $300 million in losses when his positions settled prematurely. “Sound and thoroughly enforced” risk management systems are paramount What went wrong on that trade […]
Winds of change in Texas power: Unraveling the implications of Senate Bill 6 for ERCOT’s energy future
The Texas Senate Business and Commerce Committee will be meeting Thursday, March 23, to discuss several energy bills related to the Texas power market. Senate Bill 6, which introduces the Texas Energy Insurance Program (TEIP), is one of the items to be discussed. This bill has the potential to fundamentally alter the structure of the Texas […]