Industry: Upstream and E&P

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 […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, explored the shifting dynamics of the shale industry. Topics included rising investment and industry consolidation, sustainability efforts, and future production growth. With E&P spending on the rise, shale operators were walking a fine line between capital discipline, ESG commitments, and investor expectations. The industry was […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, highlighted key trends shaping oil and gas, and energy. While oil faced supply constraints, U.S. natural gas growth was limited by infrastructure. This made permitting reforms crucial. Shale remained a cost-competitive player, and the Inflation Reduction Act was accelerating energy transition opportunities in hydrogen, electrification, […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, provided an outlook on the state of oil markets. He detailed U.S. production growth in 2022, which had not yet reached pre-COVID levels. However, he expressed optimism, as U.S. oil production was growing, driven by the Permian Basin and other shale plays. It was expected […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics; Allie Thurmond, Asset Manager, US GoM Exploration, Equinor; Sheldon Harbinson, VP, Computer Modelling Group; and Maryam Schellstede, SVP of Planning and Development, University Lands, discussed shifts in offshore and onshore exploration. Equinor focused on offshore assets in prolific basins, while Canada’s heavy oil sector prioritized […]