OpEx
Operating Expenses (OpEx) refer to the day-to-day costs of drilling, completing, extracting, producing, and processing oil and gas. These include equipment maintenance, rent, utilities, insurance, payroll, marketing, administrative expenses, and research and development. OpEx is crucial for evaluating operational efficiency and profitability, helping operators manage budgets and optimize production.
Upstream M&A hits the brakes, slowing to $14 billion
Calgary, Alberta (July 23, 2025) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A decelerated in the second quarter of 2025, with value […]
Mastering Oil & Gas Bidding Season With Enverus RFx Faster, Smarter Procurement for E&P Capital Projects
Bidding season is here. See how Enverus RFx helps E&P supply chain teams align with ops, secure competitive rates and stay audit-ready for capital projects.
Spend Leakage
Spend leakage is the unintended or uncontrolled flow of money within a company, often due to purchases from non-approved suppliers or inefficient procurement practices. In the oil and gas industry, spend leakage can occur when inventory or production costs exceed what is being sold or produced, leading to wasted resources and negatively impacting financial performance.
Economic Viability
Economic viability in the energy industry refers to the ability of a project to generate enough revenue to cover its costs and provide a reasonable return on investment. Key factors include production costs, market prices, technological efficiency, regulatory environment, investment and financing, and environmental and social factors.
Tier 1 Acreage
Tier 1 acreage refers to the most productive and high-quality land in shale plays, characterized by superior geological properties and high initial production rates. This land is considered the best for drilling due to its potential for higher productivity and profitability.
Asset Valuations
Asset valuations in the context of operators refer to the process of determining the value of physical and intangible assets owned or managed by a company. This valuation is crucial for financial reporting, investment analysis and strategic planning, ensuring that the assets are accurately represented in terms of their economic worth.
Carbon Markets
Carbon markets are trading systems where carbon credits, representing the right to emit a certain amount of greenhouse gases, are bought and sold. These markets include compliance markets, regulated by governments, and voluntary markets, where companies and individuals can purchase credits to offset emissions. The goal is to reduce overall greenhouse gas emissions by putting a price on carbon and incentivizing reductions.
Primary Energy Mix
The primary energy mix refers to the combination of different energy sources used to meet the energy needs of a region, including fossil fuels (oil, natural gas, coal), nuclear energy and renewable energies (hydro, wind, solar, biomass). This mix varies by region based on resource availability, energy policies and economic conditions.
Low Carbon Fuels
Low-carbon fuels are energy sources that produce fewer emissions compared to traditional fossil fuels. Examples include natural gas, propane, biogas, renewable natural gas, compressed natural gas (CNG), liquefied natural gas (LNG) and liquefied petroleum gas (LPG). These fuels are essential for reducing carbon footprints and transitioning to more sustainable energy sources.