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Managing the Energy Market | Covid-19 and THE OIL PRICE DROP

Objective insights and market intelligence

Managing the Energy Market | Covid-19 AND THE OIL PRICE DROP

Objective insights and market intelligence

The newly united Enverus and RS Energy Group analysts have teamed up to provide data-driven intelligence to the energy market. Below you will find comprehensive insights and timely perspectives from expert analysts that closely follow the energy sector’s most critical topics, including lower global oil prices, COVID-19 impacts to demand, supply cuts, oil & gas production outlooks, and more.

 

Managing the Energy Market
Managing the Energy Market

MAP OF THE MARKET
View the real-time stock performance based on every operating well in North America and ‘hover’ over well spots to reveal additional details on a particular asset.

VIDEO: HELPING THE INDUSTRY NAVIGATE A NEW NORMAL
Together, Enverus and RS Energy Group provide unmatched data-driven insight into the energy market during this difficult time. Watch Jimmy Fortuna, Chief Product Officer, Enverus, explain how we are here for the industry.

Webinars: Through an Analyst’s Lens

The Economics Behind $30 Oil
Enverus and RS Energy Group analysts do a deep dive into the supply and demand drivers behind the latest oil free fall. In this two-part series, hear from leading economists and analysts on what happened and what’s next for the industry. 
Webinar 1: COVID-19 and Global Oil Demand
Webinar 2: COVID-19 and Global Oil Supply

Intelligence: Virtual Energy Analysts

Enverus and RS Energy Group provide your go-to virtual energy analysts. Here you can view original market research on the OPEC and Russia price war, Saudia Arabia’s next steps and how we can compare this downturn to the last. Find exclusive market intelligence, delivered straight to your computer.

COVID-19 Electricity Load Impact
An in-depth review of changing power loads in ISO markets amid demand destruction. Download

Getting Under the Hedge Collar
Upstream companies use a variety of derivative strategies to protect against commodity price risk. A put option provides the best protection as it hedges production at the strike price while maintaining full exposure to price upside. Read More

Coronavirus Power Demand Destruction Forecasting 101
When the coronavirus power load demand destruction began appearing in Enverus Trading & Risk’s daily ISO load forecasts, our team had to quickly tackle a new set of realities. Read More

If It Hurts Too Much, Shut It In
Oil prices fell below $25/bbl last week as the market grappled with impact of a price war between Russia and Saudi Arabia as well as rising expectations for COVID-19 oil demand destruction. Read More

Dark Side of the Boom
Enverus analysts apply lessons learned from the downturns of the 2008-2009 financial crisis and the 2015-2016 price crash to evaluate the current market. Download

E&P Oil Hedges Provide Some Cover During a Perfect Storm
In the wake of the concurrent COVID-19 demand shock and OPEC+ supply war, E&P hedge books will provide vital liquidity on the path to recovery. Read full report

The Power of COVID-19
Power demand is a sometimes overlooked, but particularly interesting indicator to monitor the impact of COVID-19 outside of China because of its correlation with economic activity. Read More

Aggregated News

Q&A: Ask an Analyst

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What does the low oil price mean for Canadian operators and Canadian oilsands?

With $20 WTI and $10 WCS, no oil sands project is able to generate a profit, but it’s hard to predict a number for possible shut in volumes. As WCS and WTI continue on this downward spiral, producers are weighing the cost to continue to produce an uneconomic barrel less to the long term cost of shutting in SAGD or mining operations. Companies with mixed assets, legacy conventional oil and oil sands, are shutting in conventional oil wells immediately. SAGD wells are relatively easier to scale back production rates, as long as the steam chamber is maintained and the rate of production from mining is more dependent on facility’s ability to be turned down. Each oil sands production method has it’s long term consequences if production were to be shut in completely, some more permanent than others. With gas prices at $1.70/Mcf HH, even the gas producers are pretty vulnerable, but this isn’t unfamiliar territory for Canadian producers as they have seen much worse with AECO. The very thin silver lining to this all is given where activity has been over the past couple of years, we are anticipating another year of declining gas production out of Western Canada and therefore a bump in gas prices which bodes well for some Canadian gas producers.

-Morgan Kwan, Vice President, Intelligence, RS Energy Group

What are the economics behind how we got to these low oil prices?

Client Workbooks: Because Work Doesn’t Stop

Managing the Energy MarketPermian Opportunities Knock: This workbook examines the top 40 most active operators in the Permian basin as a starting point for analyzing who is best positioned to continue operating at current commodity prices. View Workbook

Managing the Energy MarketOperator Guidance Updates: Many operators have updated capital guidance in response to current commodity prices. This workbook examines activity and acreage for 15 of these operators who have announced revisions to their 2020 guidance. View Workbook

Hacks for Working Remote, Staying Up-to-Speed While Staying Put

Managing the Energy Market
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