The upstream calculus has changed. Has your strategy?
Capital discipline, Tier 1 depletion, OPEC+ instability, and tightening methane regulation have reset the conditions for upstream value creation. ADI Analytics works with integrated majors, independent operators, NOCs, and investors to make better decisions — on assets, markets, technologies, and transactions.
What keeps upstream leaders up at night
Upstream capital allocation has become harder to get right across every asset class. In North American shale, Tier 1 inventory is thinning and operators moving into lower-quality acreage face materially higher breakevens. In deepwater and offshore, long-lead development economics are increasingly sensitive to cost overruns and price assumptions that looked conservative at FID.
For NOCs, the pressure to balance production targets, fiscal breakevens, and energy transition commitments is reshaping portfolio priorities in ways that standard planning frameworks do not fully capture.
Deal multiples in upstream M&A remain elevated despite the tighter cost environment, with assumptions on reserves, decline rates, and midstream commitments that do not always survive diligence. Methane regulation and leasing policy are adding compliance cost and infrastructure complexity across onshore and offshore operations.
The decisions operators, NOCs, and investors face in this environment carry more downside than they did five years ago.
Who we are
Upstream E&P advisory, built on 15+ years and 1,000+ projects. From Permian basin economics to deepwater development in West Africa, from NOC portfolio rationalization to OFS market entry strategy — ADI Analytics has done the hard analytical work across every major upstream asset class.
What clients engage us to do
Make smarter capital allocation decisions
Basin-level supply forecasts, well performance analytics, demand outlooks for refining, petrochemicals, and exports, crude differentials and takeaway, and scenario analyses that give operators and investors the analytical foundation to commit capital with conviction — or walk away from the wrong deal. Our work spans Permian, Eagle Ford, Haynesville, Bakken, deepwater GoM, pre-salt Brazil, and international plays.
Win in M&A before and after the deal
Asset scouting, buy-side and sell-side diligence — reserve assessments (PDP, PUD, PNP), lifting costs, DCF valuations, and competitive benchmarking — with the sector depth to challenge assumptions that generalist financial advisors accept at face value.
Find cost and operational advantage
Detailed well economics (CAPEX, OPEX, LOE) at regional, asset, and reservoir lifecycle stages; cost estimates for greenfield and brownfield developments; and feasibility studies across upstream projects and initial midstream — benchmarked against peer sets to identify where performance gaps represent real opportunity.
Build strategies that survive price cycles
Corporate strategy, business planning, portfolio rationalization, R&D planning, and country assessment for operators and NOCs — from play identification through asset retirement obligation (ARO) — accounting for commodity price uncertainty, technology evolution, and geopolitical risk.
Assess and commercialize upstream technology
From artificial lift and ESP optimization to reservoir simulation software, secondary and tertiary recovery methods, and IIoT platforms, ADI evaluates upstream technology markets with the operational context that pure market research firms lack.
Trusted by upstream companies around the world
For organizations seeking rapid access to market intelligence, ADI’s Artificial lift’s next ride blog helps clients understand evolving artificial lift technologies, production optimization strategies, automation trends, and competitive dynamics shaping the upstream oil and gas sector.
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