The Hype and the Realities of CCUS
The Enverus Intelligence® Research (EIR) Subsurface Innovation Team attended AAPG’s CCUS 2024 conference in Houston March 11-13. The conference, which also brought together SPE and SEG membership, hyped up the need for CCUS to offset the demand for fossil fuels, which according to our forecast is expected to grow from 103 MMbbl/d in 2024 to 108 MMbbl/d by 2030.
Mewbourne-led Cleveland activity jump bucks Anadarko trend
E&P activity targeting the Cleveland formation in the Anadarko Basin more than doubled in 2023 with 46 new wells reaching first production, compared to 20 in 2022 and similar levels the previous two years.
California Dreamin’ | Long-Term LCFS Price Forecast
Renewable fuel uptake has surged in California in recent years, contributing to a 141% increase in the California Low Carbon Fuel Standard (LCFS) credit bank surplus and resulting in a drop in credit prices from ~$185/tonne to $75/tonne from 2019 through 2023.
SLB taking home the prize in $8.2B ChampionX acquisition
In the biggest oilfield services transaction since 2016, SLB agreed to acquire ChampionX Corp. for $7.76 billion in stock, bringing an industry leader in production chemicals into the OFS giant’s fold. ChampionX’s $420 million in net debt brings the transaction to an $8.18 billion enterprise value.
Navigating the Intricacies of Offshore Drilling
Offshore drilling is a complex and multifaceted process essential for accessing oil and gas reserves beneath the seabed. Exploration drilling is the initial phase, crucial for identifying potential oil or gas reservoirs. It involves the deployment of mobile drilling units to conduct exploratory drilling on selected sites.
360km, 12 runners, 6 countries, #OneTeam
Did you know that Enverus now has 18 offices around the world, with the most recent addition of the Brno office in Czechia
Revolutionized Inventory Planning
In an exclusive look into the future of inventory management, our webinar dove into how our newest innovation in strategic planning can enhance capital deployment decisions.
ERCOT Energy Storage | Paths to Profit
Renewable integration has experienced a remarkable surge in Texas, with the installation of more than 9 GW of renewable capacity in 2023 alone.
Buying Mineral Rights in Texas?
Are you considering buying mineral rights in Texas? Before you take the next steps, familiarize yourself with the comprehensive information we’ve presented in this blog post.
From data to decisions: The role of AI in enhancing oil and gas operations
The energy sector is definitely drawn to the potential of artificial intelligence (AI). The promise of making things work better and more efficiently is too tempting to ignore.