ESG in the Energy Industry — Embracing Change
How did we get here and what is the challenge? The evolution of an energy company’s environmental, social and governance (ESG) profile demonstrates the tremendous power of capital markets. In just a few years, ESG moved from a footnote on public disclosure to the forefront of investment decisions and operators’ corporate strategies, a change largely propelled […]
Oil Sands Forecasting — More Accurate Than Your Local Meteorologist
Despite reduced capital spending in the Canadian oil sands since 2015, production grew from 2.4 MMbbl/d in January 2015 to 3.6 MMbbl/d in December 2020 (Figure 1). Our monthly oil sands forecast individually models 48 projects by assessing a company’s near-term guidance, development plan, turnaround schedule, blending patterns and activity data from Prism. The detailed […]
My Career in Energy: Krishnan Karuppaiah
Krishnan Karuppaiah is lead functional and solutions consultant at Principia Consulting Pte. Ltd. In this week’s “My Career in Energy,” we meet Krishnan and learn about his first job in energy, where he thinks the industry is heading, and what excites him about his current role. What was your first job? Financial engineer in a […]
How Operators Using OPIS Fuel Rack Prices Can Cut Costs
Oil and gas operators are having a decent year so far, price-wise, with WTI lately hovering near $70/bbl. Who could imagine prices were nearly $100 lower in April 2020? Despite the healthier margins for operators, the lessons learned from 2020’s dramatic decline in oil prices will not be forgotten. Oil and gas operators continue to […]
Stacking Up Haynesville Development
Within the Haynesville play in east Texas and Louisiana, energy companies target two stacked intervals — the Haynesville and the slightly shallower Middle Bossier. Historically, operators only target a single zone in a development or add one well testing the other zone. However, we recently identified a few larger-scale developments involving four to six wells […]
My Career in Energy: David Ernsberger
David Ernsberger is global head of pricing and market insight S&P Global Platts, where he manages a team of reporters and analysts that cover the full range of energy and other commodity markets around the globe. His team produces price benchmarks used to settle the value of physical and futures contracts, and market-leading insight into […]
Source-To-Pay: Why It’s Essential for Efficient, Fiscally Smart Oil & Gas Operations
Click the image to explore the interactive guide to Source-To-Pay Best Practices. Request Info Market conditions and increased pressure from Wall Street make strategic sourcing and increased efficiency more vital than ever before. The announcement made at last year’s SPARK Conference that Enverus plans to build a complete end-to-end source-to-pay solution that will revolutionize the […]
A Refreshing Dive Into Deepwater Leasing
After a successful environmental review by the current administration on federal permits and leases, which followed a temporary permitting ban by the Biden administration, operations in the deepwater Gulf of Mexico have returned to normal — almost. While there was little impact on existing offshore well permits, a decision which we believe resulted from the […]
My Career in Energy: Donald G. Burdick
Donald G. Burdick is CEO of Olifant Energy II, an independent oil and gas production company located in Tulsa, Oklahoma. In this week’s “My Career in Energy,” we learn how Donald got his start in the energy industry, what he does in his downtime, and he shares his thoughts on where he thinks the industry […]
Market Price Indices: Compare Your Prices to Basin Trends For More Cost-Efficient Operations
Click the image to explore Market Price Indices with our interactive experience. Request Info With increased focus on fiscally responsible operations and more efficient teams across the industry, it has become more important than ever to streamline efforts and gain visibility into your spend in different markets. Traditional industry KPIs alone – the movement of […]