Industry: Upstream and E&P

Maria Lopes, Senior Analyst, ADI Analytics, spoke about upstream and onshore unconventionals. The U.S. shale market had matured, causing operators to prioritize maintaining and increasing production from existing wells. Additionally, consolidation reshaped the industry as companies pursued prime acreage and cost reductions. There was also a growing trend of operators enhancing well productivity through increased […]

The midstream industry had a favorable year in 2023, witnessing higher investment, M&A, and notable progress in infrastructure development. Looking forward to 2024, we expect a mixed but business as usual outlook for the midstream industry. Key trends to keep an eye on are the following: – Bhautik Gajera

In 2024, the upstream oil and gas industry is expected to experience notable changes influenced by developments in 2023. From the ongoing wave of consolidation and the maturation of the U.S. shale sector to pivotal shifts in Latin America, Africa, and Asia, the industry is adapting to new dynamics. Technological advancements, particularly in digitalization and […]

The Haynesville shale has emerged as a major natural gas play in recent years. Natural gas production from the Haynesville shale reached a new record high of 14.5 Bcf/d in 2023, accounting for 14% of all U.S. dry natural gas production. Haynesville production growth has accounted for 40% of the U.S. gas production growth recently. […]

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 […]