Industry: Upstream and E&P

Leading shale operators from oil majors such as ExxonMobil and Chevron to the E&P independents including ConocoPhillips, Pioneer, Oxy, and Diamondback have committed to growing production without compromising returns and sustainability. Achieving this aspiration will require significant cost optimization where recent ADI research and consulting is showing significant progress by E&P companies.  These cost optimization efforts […]

Compressors are used in a wide range of applications in the oil and gas, energy, and petrochemical industries. The growing hydrogen, carbon capture, biofuels, and other energy transition markets present new opportunities for compressor companies. Many of these industries are being built from the ground up, offering years of growth for compressors and related equipment […]

Ever since Russia invaded Ukraine on February 24, 2022, western countries have spent a lot of time cutting ties with Russia and enacting sanctions to financially pressure them, with a particular emphasis on their fossil fuel industry. With more than a year passing since the start of this war, in this blog, we take look […]

The Uinta basin, located in northeast Utah, is starting to gain some attention from oil and gas players. The basin’s ~120 thousand bpd of production pales in comparison to the Permian’s ~5.6 million bpd produced today. However, production of the basin’s waxy crude has rapidly been increasing (Exhibit 1), and refiners continue to desire this […]

Over the last several years, earthquakes in the Permian basin have increased in both number and intensity. In 2022 there were more than 8x the number of magnitude 3 earthquakes or greater than those that occurred annually in in the years from 2015 to 2019.  (Exhibit 1). In fact, two of the five largest tremors […]

Oil and gas prices were relatively high in 2022, although they have come down significantly from their highs reached last summer. Despite the drop, oil prices have remained higher than what we have seen for the last seven years, and natural gas was at level not seen in over a decade. Even with these prices, […]

At the 2023 ADI Forum, Allie Thurmond, Asset Manager for GoM Exploration, Equinor; Pramod Jain, CEO, CMG; and Maryam Schellstede, SVP, Planning & Dev., University Lands, joined Uday Turaga, CEO, ADI Analytics for the upstream oil & gas panel. They discussed the strategic management of energy assets and evolving market dynamics. The panelists highlighted the […]

At the 2023 ADI Forum, Allie Thurmond, Asset Manager, US GoM Exploration, Equinor, highlighted Equinor’s commitment to the energy transition, focusing on emissions reduction and renewable investments while maintaining oil and gas operations. The company allocated over 50% of its CapEx to renewables, balancing equity, sustainability, and security. Geoscientists played a key role in offshore […]

At the 2023 ADI Forum, Allie Thurmond, Asset Manager, US GoM Exploration, Equinor; Sheldon Harbinson, VP, Americas, CMG; and Maryam Schellstede, SVP, Planning and Development, University Lands, joined moderator Uday Turaga, CEO of ADI Analytics, for the upstream oil and gas panel. The discussions on digital transformation in energy highlighted the shift from siloed technologies […]

At the 2023 ADI Forum, Diaco Aviki, EVP & COO, Crestwood Midstream Partners, shared key insights on the evolving oil landscape in the Bakken and Permian basins. Crestwood Midstream Partners made a substantial investment in Bakken. However, they acknowledged that offsetting the natural decline in well productivity would be challenging. The Bakken was expected to […]

At the 2023 ADI Forum, Dustin Stolz, Senior Analyst, ADI Analytics, reviewed Upstream oil and gas trends, noting record profits and low reinvestment rates as operators prioritized debt reduction and shareholder returns. Windfall taxes in Europe had prompted investment cutbacks and legal challenges, with companies like ExxonMobil and TotalEnergies reassessing future projects. Despite concerns over […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, and Maryam Schellstede, SVP, Planning and Development, University Lands, discussed their leasing process. For subsurface leases, decisions are based on technical evaluations, market trends, and royalty rates. For surface leases, they prioritize the company’s reputation, financial stability, and environmental stewardship. University Lands also focuses on […]