The Prices Drop As The Virus Fear Extends

[contextly_auto_sidebar] US crude oil stocks posted an increase of 0.5 MMBbl. Gasoline and distillate inventories decreased 2.7 MMBbl and 2.1 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 1.3 MMBbl alongside a gasoline build of 74 MBbl and a distillate draw of 0.71 MMBbl. Analysts were expecting a larger crude oil build […]

Harnessing Machine Learning in Trading & Risk Data Management

The benefits of machine learning and new technologies for energy trading risk management are gathering a lot of attention. Our customers are interested in access to Python, MATLAB, and R. For Wendi Orlando, Enverus VP of Trading & Risk product management, these are the top priorities for data management: Ensuring data quality Ensuring data comprehensiveness […]

Peak Oil and EUR—Let’s be Careful Out There

There are so many variables that control well recovery—total proppant, total fluid, perforated length, wellbore length, reservoir geology—that it’s common for internal and external company analysts to use production from the peak month (month with highest production) as a quick a proxy for producible reserves. Be warned, however, that while the relationship is true in […]

Prices Extend Gains With Less Than Expected Crude Build

[contextly_auto_sidebar] US crude oil stocks posted an increase of 0.4 MMBbl. Gasoline and distillate inventories decreased 2.0 MMBbl and 0.6 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 4.16 MMBbl alongside gasoline and distillate draws of 2.67 MMBbl and 2.63 MMBbl, respectively. Analysts were expecting a smaller crude oil build of 2.5 […]

Prices Rise as Gas Storage Draw Exceeds Expectations

[contextly_auto_sidebar] Natural gas storage inventories decreased 151 Bcf for the week ending February 14, according to the EIA’s weekly report. This was more than the expected draw of 143 Bcf. Working gas storage inventories now sit at 2.343 Tcf, which is 613 Bcf above inventories from the same time last year and 200 Bcf above […]

Prices Steady Despite Draw Larger Than Expected

[contextly_auto_sidebar] Natural gas storage inventories decreased 115 Bcf for the week ending February 7, according to the EIA’s weekly report. This was more than the expected draw of 110 Bcf. Working gas storage inventories now sit at 2.494 Tcf, which is 601 Bcf above inventories from the same time last year and 215 Bcf above […]

Prices Regain Ground As The Growth Rate of New Virus Cases Has Decreased

[contextly_auto_sidebar] US crude oil stocks posted an increase of 7.5 MMBbl. Gasoline and distillate inventories decreased 0.1 MMBbl and 2.0 MMBbl respectively. Yesterday afternoon, API reported a crude oil build of 6.0 MMBbl alongside a gasoline build of 1.1 MMBbl and a distillate draw of 2.3 MMBbl. Analysts were expecting a smaller crude oil build […]

Prices Rise with Draw Larger Than Expected

[contextly_auto_sidebar] Natural gas storage inventories decreased 137 Bcf for the week ending January 31, according to the EIA’s weekly report. This was more than the expected draw of 131 Bcf. Working gas storage inventories now sit at 2.609 Tcf, which is 615 Bcf above inventories from the same time last year and 199 Bcf above […]

Introducing OpenInvoice Essentials: A New Accounts Payable Solution for Oil & Gas SMB

OpenInvoice, an accounts payable solution by Enverus Business Automation, has helped some of the largest oil & gas operators eliminate paper and automate processes, transforming how these companies manage their financial operations. Many large companies achieved nearly total digital transformation, from paper to electronic invoices, with OpenInvoice. While this software has contributed to tremendous cost […]

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