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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

TOP 25 E&P PRIVATE AND PRIVATE EQUITY OPERATORS (5/14/2020)
During the recent crisis, the primary focus has been on public E&Ps as they have seen their share prices hit, slashed capex, and addressed liquidity concerns. Watch now

Finding Opportunity Using Expiring Acreage (5/13/2020)
Watch our latest webinar where we will discuss how you can find opportunities by using expiring acreage. Watch now

WATER DYNAMICS IN THE PERMIAN BASIN AND THE PATH FORWARD (5/7/2020)
Enverus and B3 examine market expectations for the Permian Basin and what the path to recovery will look like. Watch now

Maximize the Value Of Business Automation: New Ways To Lower Costs, Maintain Business Continuity, and Create Profit (4/30/2020)
While the world adjusts to working in these current times, those of us in oil & gas understand volatility is a reality in our business. Watch now

Between a Rock and a Hard Place – How to Climb Out Unscathed (4/23/2020)
With continued uncertainties around the global oil markets due to COVID-19, Enverus and RS Energy Group (RSEG) are keeping a close eye on the impact on oil supply and demand. Watch now

CRUDE NORTH AMERICA: PRODUCTION & PRICE RISK (4/21/2020)
Watch our presentation on demand covering price sensitivity of U.S. crude production, WTI price outlooks and infrastructure updates. Watch now

COVID-19: FORECASTING POWER DEMAND DESTRUCTION (4/16/2020)
Power trading liquidity has fallen amid the uncertainty around Covid-19. Our PRT power market analysts looked for ways to display the growing demand destruction using machine learning technology. View webinar replay here.

HOW TO MAINTAIN CONTINUITY OF OPERATIONS IN A DISRUPTED WORLD (4/2020)
With current social-distancing and other safety and cost-saving protocols being put into place, business as usual is getting harder each week. View webinar replay here.

The Economics Behind $30 Oil (3/2020)
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.


Well Declines Pinch Pipeliners (5/18/2020)

Base declines of existing wells are becoming increasingly important to midstreamers, the companies that gather and process oil and gas, as the prospect of minimal activity in 2020 becomes real. Read More

Sharks in the water – Part 2 (5/14/2020)
“Dice are rolling, the knives are out…” In this week’s blog, we will highlight a new “shark in the water”—a company with solid balance sheets, long-term growth strategies, and cash to spend on acquisitions from stressed rivals during these stressful times. Read More

Oilfield Services: Activity and Price Cuts Thump EBITDA Margins (5/11/2020)
Drilling activity dropped at an unprecedented rate over the past two months, with horizontal rig counts falling over 50% and fracturing fleets plunging more than 75% so far. Work for many oilfield service (OFS) companies isn’t there anymore. Read More

SHARKS IN THE WATER (5/4/2020)
“Dice are rolling, the knives are out …” Oil’s recent price implosion, resulting from the double whammy of OPEC’s early March failure to agree on further production cuts with Russia and demand destruction in the wake of the global coronavirus pandemic, has left the global oil & gas exploration business reeling. Read More

Oil Markets in Crisis: Production Outlook and Outline for Recovery (04/24/2020)
Tight oil base declines are also not going to be enough to balance sharply lower demand, necessitating shut-ins. This is going to be a game changer in the weeks ahead, and something necessary to jump-start the recovery in prices later down the road. Read More

Explaining the Permian Pivot to Single-Bench Development (4/27/2020)
The recent collapse in oil prices is pushing operators into survival mode, resulting in a massive reduction in activity across major oil plays in the US. While the depth of high-quality resource in the Permian Basin is unrivaled across the L48, the Texas-New Mexico play is not immune to the severe plunge in oil prices.  Read More

Analyst Statement on Monday April 20, 2020 Negative Oil Price (4/20/2020)
On Monday, May WTI futures did what was once thought to be unthinkable – they went negative. This most recent collapse is the direct result of an oversupplied market, dramatic demand destruction as a result of COVID-19, and contract expiration nuances.  Read More

Maximize Cash Flow And Protect Your Business – A Guide For OFS (4/23/2020)
With the current demand for oil down dramatically, cash flow management is critical during this time. This guide provides practical steps to protect employees, optimize cash flow, and minimize the impact of price cuts and less revenue. Read More

VIDEO BLOG | Determining the Quality of Future Inventory (4/6/2020)
As we continue to see capex budgets slashed, operators are gearing into survival with nowhere for their crude to go. Understanding inventory and at what price these wells break even are critical during these trying times.  Read More

COVID-19 Electricity Load Impact (4/9/2020)
An in-depth review of changing power loads in ISO markets amid demand destruction. Download

Getting Under the Hedge Collar (3/30/2020
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 (3/27/2020)
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 (3/26/2020)
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 (3/2020)
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 (3/2020)
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 (3/16/2020)
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

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?

What question(s) would you like to see answered by Enverus + RS Energy Group analysts?

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

Covid-19 detected cases per million population in 2020

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

Managing the Energy Market
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