Tag Archive for: energy

US oil and gas producers

US oil and gas producers pressure House to pass pivotal permitting bill and get America ‘back on track’

A group of U.S. oil and gas producers is upping the pressure on House Speaker Mike Johnson. It is for him to push through a major permitting reform bill. They are stressing in a letter Wednesday the urgency for the chamber to move swiftly on approving the legislation. They see this as crucial for attracting new investments in domestic oil and gas projects. It will bolster national energy security and breathe new life into other long-stalled energy infrastructure projects.

The letter was by a coalition of U.S. oil and gas groups who represent 80% of domestic fossil fuel production. They stressed the need for House Republicans to swiftly and “immediately” pass the Energy Permitting Reform Act. It is the 2024 bill by Sens. Joe Manchin, I-W.Va., and John Barrasso, R-Wyo. They describe that legislation as crucial to helping expedite actions for producers under the second Trump administration.

Comprehensive Permit

“This bill is merely the first step towards comprehensive permitting reform in this country. We believe that passing the package now, at the end of the 118th, and then earnestly advancing additional National Environmental Policy Act reforms such as those being drafted by Chairman Westerman in the Natural Resources Committee, will ensure that America can get back on track as quickly as possible,” the letter said.

Pressure on Johnson and House Republicans has mounted in recent days as lawmakers prepare for a final sprint before the end of the 118th session of Congress. Some have suggested the bill’s best chances of passage are by paring it with NEPA reform — likely efforts championed by House Natural Resources Committee Chairman Bruce Westerman, R-Ark., which could earn the permitting reform bill more buy-in from House Republicans.

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Source: Fox News

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Oil and Gas Industry Regulatory Rollbacks

Oil and Gas Industry Regulatory Rollbacks Anticipated Under Trump

President-elect Donald Trump outlines his priorities for the new administration. He is falling back on his old habit of announcing major policy initiatives and plans through social media. Government think tanks and politicians have begun recalibrating their expectations for the next four years. His latest views on tariffs on the US’s three largest trading partners were on social media platform Truth Social. Policy action by the world’s most powerful nation has ramifications worldwide. It will require other nations to brace for impending changes as the new government takes charge in January. Learn more about the coming oil and gas industry regulatory rollbacks.

While presidential polls in the world’s most powerful nation always have major implications with respect to global geopolitics and trade, few have been as crucial as the one this month. The latest results come against a highly turbulent backdrop of challenges and upheavals at home and abroad. What was widely to be one of the closest elections in recent history instead turned out to be an overwhelming victory for Trump, making an extraordinary comeback following his election loss in 2020. With the US presidency and Senate races called in favor of Trump and Republicans, and the party maintaining its majority in the House of Representatives – the new administration will hold full control over Congress.

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Source: Oil Price

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BP's latest energy outlook forecasts oil demand to peak in 2025, but the decline will be gradual, with consumption remaining high in 2035.

Oil and gas Stays and Are here to stay

The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity is getting more instead of less expensive. But experts still believe that Oil and gas Stays!

With those signs, others have been flashing red, too. Despite the push against oil and gas, these are here to stay for the long haul—and demand won’t even decline that much after peaking, according to the latest energy outlook of BP.

The supermajor, which used to compile the Statistical Review of World Energy, now does its own review. And according to its latest edition, oil demand will peak next year. And it’s not the first time it’s called the peak for oil demand.

Statistical Review

The last time its statistical review said that demand growth had peaked—in 2019—it turned out to be very wrong. In reality, oil demand soared after the end of the pandemic lockdowns to reach new all-time highs.

Now, BP has noted that over the past five years, oil demand has been growing at an average of half a million barrels daily since 2019, but that is about to end, with demand on the decline over the next couple of decades. But here’s the thing. Before, BP forecast that this decline would be quite substantial. Now, it expects that in 2035, the world will still consume 97.8 million barrels of oil per day in 2035, which would be a relatively minor decline from the current rate of consumption, which is about 100 million barrels daily, which may rise above that this year if demand strengthens in the second half.

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Source: Oil Price

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Like every industry now, the oil and gas sector is trying to figure out how to adopt and deploy artificial intelligence.

How will AI be applied to oil and gas? One company has some answers

So How will AI be applied to oil and gas? The oil and gas sector is trying to figure out how to adopt and deploy artificial intelligence. They see the enormous profit potential in fit-for-purpose AI tools to help optimize processes. It will also control costs on a granular level that just a few years ago would have been unimaginable.

Few companies so far have in-house expertise in this arena. So for now they will rely on third party contractors. As I sought to learn more about the subject, I recently interviewed Jimmy Fortuna. He us the chief product officer at Enverus. He is also one of the oil industry’s biggest providers of SAAS-based data analytics and consulting.

Enverus recently introduced an AI tool it calls Instant Analyst. It is product that works in conjunction with generative AI technologies from Amazon Web Services (AWS). It enables Enverus to analyze vast data streams to enable real-time decision-making.

“When a user asks the Enverus Instant Analyst an open-ended question, the AI-powered system searches exclusively through Enverus’ vast repository of proprietary research and analytics,” Fortuna says. “This curated content, housed within the Enverus Intelligence Vault, includes tens of thousands of documents containing valuable insights and data points specific to the energy industry. By using solely Enverus proprietary content, the Instant Analyst ensures that the answers it provides are highly relevant, accurate, and easily verifiable.”

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Source: Forbes

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Barclays analysts, in restarting coverage of E&Ps, presented anti-hydrocarbon investors with “a reality check on energy transition.”

World needs oil and gas – ’‘Unapologetic,’ Barclays restarts E&P coverage

Barclays’ re-initiation of E&P stock coverage includes a message to anti-E&P investors: “Unapologetic oil and gas.” Does the world needs oil and gas?

The investment landscape for hydrocarbon assets is poised for significant growth. There is evidence by the recent analysis of 18 carefully selected tickers that encompass both integrated oil and gas companies and independent exploration and production (E&P) firms. This diverse group includes industry giants such as Exxon Mobil. Alongside dynamic players like Antero Resources, in addition to the minerals-focused Sitio Royalties. These companies represent a broad spectrum of opportunities for investors, highlighting their adaptability and resilience in a fluctuating market. Barclays analyst Betty Jiang emphasized this perspective in her recent report, noting that E&P companies have not only met the expectations set forth by investors but have exceeded them in various ways. This renewed confidence in the sector is underscored by a combination of strong operational fundamentals and strategic financial management, positioning these firms favorably for potential returns.

Cash Flow is Breakeven

The financial health of the selected companies is particularly compelling. It is characterized by robust balance sheets and low cash flow breakeven prices. These attributes facilitate significant free cash flow generation, which is increasingly vital in an environment where capital discipline is paramount. On average, this cohort of companies is projected to return approximately 20% of their market capitalization. This is over the next three years through a combination of dividends and share buybacks. Moreover, even under prevailing strip pricing conditions. Such a value proposition offers investors a compelling case for engagement in the hydrocarbon sector, signaling a potentially lucrative opportunity for those looking to capitalize on the evolving energy landscape.

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Source: HARTENERGY

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Understand the environmental impact of mineral rights ownership. Learn about factors contributing to impact, evaluation methods, and mitigation strategies for sustainable resource management.

Evaluating the environmental impact of mineral rights ownership

DISCLAIMER: We are not financial advisors. The content on this website is for educational purposes only and merely cites our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

Mineral rights ownership is a complex and multifaceted aspect of land management, with significant implications for environmental sustainability. As society continues to rely on natural resources for energy, manufacturing, and various other purposes, the environmental impact of mineral rights ownership becomes increasingly important to evaluate and mitigate. In this comprehensive article, we delve into the various factors that contribute to the environmental impact of mineral rights ownership and discuss strategies for evaluating and addressing these impacts.

Mineral rights ownership grants individuals or entities the legal right to extract and profit from the minerals beneath the surface of a property. These minerals can include oil, natural gas, coal, metals, and other valuable resources. While mineral extraction plays a crucial role in global economies, it also poses significant environmental challenges. Understanding and evaluating the environmental impact of mineral rights ownership is essential for sustainable resource management and environmental protection.

Factors Contributing to Environmental Impact of Mineral Right Ownership

Several factors contribute to the environmental impact of mineral rights ownership:

  • Extraction Methods: The methods used to extract minerals can have varying degrees of environmental impact. For example, surface mining often leads to habitat destruction, soil erosion, and water pollution. While underground mining can cause subsidence and groundwater contamination.
  • Water Usage: Mineral extraction operations require significant amounts of water for processing and transportation. This can lead to competition for water resources, depletion of aquifers, and contamination of surface and groundwater sources.
  • Air Pollution: Activities associated with mineral extraction, such as drilling, blasting, and transportation, can release pollutants into the air, including particulate matter, sulfur dioxide, and volatile organic compounds. These pollutants can have adverse effects on air quality and human health.
  • Waste Generation: Mineral extraction operations produce large quantities of waste materials, including tailings, overburden, and waste rock. Improper disposal of these wastes can contaminate soil, water, and air, leading to ecosystem degradation and health hazards.
  • Ecological Impacts: The disturbance of natural landscapes and ecosystems due to mineral extraction can have far-reaching ecological consequences. Habitat loss, fragmentation, and degradation can threaten biodiversity and disrupt ecosystem functioning.
  • Climate Change: The extraction and combustion of fossil fuels, such as coal, oil, and natural gas, contribute to greenhouse gas emissions and climate change. Addressing the environmental impact of mineral rights ownership requires considering its role in driving climate change and transitioning to renewable energy sources.

Evaluation Methods

Evaluating the environmental impact of mineral right ownership requires a comprehensive approach that considers multiple factors and stakeholders. Some commonly used evaluation methods include:

  • Environmental Impact Assessments (EIAs): EIAs are systematic evaluations of the potential environmental consequences of proposed mineral extraction projects. They involve identifying potential impacts, assessing their significance, and developing strategies to mitigate or minimize adverse effects.
  • Life Cycle Assessments (LCAs): LCAs quantify the environmental impacts of mineral extraction and processing operations throughout their entire life cycle, from extraction to disposal. LCAs consider factors such as energy consumption, resource depletion, emissions, and waste generation.
  • Ecological Risk Assessments: Ecological risk assessments evaluate the potential risks posed by mineral extraction activities to ecosystems and wildlife. They consider factors such as habitat loss, contamination, invasive species introduction, and cumulative impacts.
  • Water and Air Quality Monitoring: Regular monitoring of water and air quality near mineral extraction sites is essential for detecting and mitigating potential environmental contamination. Monitoring programs may involve sampling and analysis of water and air samples for pollutants and other indicators of environmental quality.
  • Stakeholder Engagement: Engaging with local communities, indigenous peoples, environmental organizations, and other stakeholders is crucial for understanding their concerns, priorities, and perspectives regarding mineral rights ownership and its environmental impact. Effective stakeholder engagement can help identify potential risks and opportunities for collaboration and conflict resolution.

Mitigation Strategies

Addressing the environmental impact of mineral right ownership requires implementing effective mitigation strategies. Some common mitigation measures include:

  • Best Management Practices (BMPs): Implementing BMPs can help minimize the environmental impact of mineral extraction operations by reducing pollution, conserving resources, and protecting sensitive habitats.
  • Reclamation and Restoration: Rehabilitating disturbed landscapes and ecosystems through reclamation and restoration efforts can help mitigate the long-term environmental impacts of mineral extraction. This may involve revegetation, soil stabilization, and habitat enhancement.
  • Technology and Innovation: Investing in technological advancements and innovation can help improve the efficiency and sustainability of mineral extraction operations. This includes the development of cleaner extraction methods, energy-efficient technologies, and waste recycling processes.
  • Regulatory Compliance: Ensuring compliance with environmental regulations and standards is essential for minimizing the environmental impact of mineral rights ownership. Governments and regulatory agencies play a critical role in enforcing regulations, monitoring compliance, and holding violators accountable.
  • Community Engagement and Benefit Sharing: Engaging with local communities and sharing the benefits of mineral extraction projects can help build trust, promote social license to operate, and address environmental concerns. This may involve revenue sharing, job creation, infrastructure development, and capacity building initiatives.

Evaluating and addressing the environmental impact of mineral rights ownership is a complex and multifaceted challenge. That requires collaboration, innovation, and commitment from governments, industry stakeholders, and civil society. By adopting a holistic approach that considers the social, economic, and environmental dimensions of mineral extraction. We can work towards achieving sustainable resource management and environmental stewardship for future generations.

 

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Demand for fossil fuels will not grow indefinitely, but it will probably be more resilient than most may expect.

The staying power of oil and gas pipelines

Most would probably agree that pipelines have long useful lives. If you live in the Deep South or on the East Coast, there is a good chance your gasoline comes from the massive Colonial Pipeline system, which was built 60 years ago. Often, investors ask us about the remaining useful life for pipelines and whether these assets will become stranded as renewable energy and electric vehicles gain traction. Today’s note addresses that question.

Replacing Energy Sources Takes Time

Without digressing into a full energy transition discussion, replacing energy sources takes time. Coal is the most vilified fossil fuel, yet global coal demand is expected to have reached a new all-time high in 2023. The world has needed more and more energy as the global population has grown and economies have developed. Due to the global growth in energy demand, renewables have generally added to the energy mix, instead of displacing fossil fuels to this point (read more).

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Source: ETF Trends

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ExxonMobil has been able to grow reliable, affordable, low-carbon production while reducing emissions, which Cahir said is vital.

ExxonMobil: Permian Basin vital to corporate growth, sustainability

ExxonMobil is banking on its Permian Basin assets to fuel corporate growth in the coming years.

The multinational giant has targeted producing at least 1 million barrels per day from its Permian assets by 2027. In 2023 the company averaged 612,000 barrels a day and is forecasting a 10% average growth rate, according to Bart Cahir, the company’s senior vice president, upstream unconventional.

In Midland to address the Permian Basin Water in Energy Conference, Cahir sat for an interview at the offices of ExxonMobil’s subsidiary XTO Energy in northwest Midland.

In keeping with the purpose of his visit, Cahir said sustainability is as important to the company as its oil and natural gas output.

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Source: mrt

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The US oil & gas industry's recent success underscores its resilience and ability to thrive in the face of political, environmental challenges

US oil and gas companies profits skyrocket as the US becomes the energy supplier of choice

US Oil and Gas Companies

Despite the Biden administration’s ambitious climate goals. The US oil and gas companies in the United States has seen unprecedented growth and profitability. The top 10 listed oil and gas producers in the US have reported a combined net income of $313 billion in the first three years of President Biden’s term (Financial Times). This is three times the $112 billion generated during the same period under President Trump.

This surge in profitability can be attributed to several factors. Including record-high production levels as well as significant cost reduction particularly in the oil rich Gulf of Mexico. In December 2023, US oil production reached 13.5 million barrels per day, surpassing all previous records. According to the US Energy Administration. By 2024 the US will reach the daily production of 14 million barrels per day. Additionally, natural gas production exceeded 105 billion cubic feet per day for the first time. These achievements have solidified the US as a global energy leader, with the country now ranking as the second-largest exporter of crude oil and the largest exporter of liquefied natural gas (LNG), overtaking Qatar.

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Source: BENZINGA

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In the latest U.S. oil and gas merger, Chord Energy and Enerplus have agreed to combine in an approximately $11B stock and cash transaction

Chord Energy and Enerplus agree to $11 billion merger

An Approximately $11 Billion

In the latest U.S. oil and gas merger. Chord Energy and Enerplus have agreed to combine in an approximately $11 billion stock and cash transaction. Which will create a premier Williston basin-focused exploration and production company.

The combined firm will have a premier position. In the Williston Basin in North Dakota and Montana with deep, low-cost inventory. Around 1.3 million net acres, combined Q4 23 production of 287,000 barrels of oil equivalent per day (boepd). And enhanced free cash flow generation to return capital to shareholders, the two companies said in a joint statement.

Chord Energy and Enerplus have announced their merger, creating a combined company poised to significantly enhance its financial performance. The consolidation of these two entities is look forward to result in a synergistic effect, leading to the generation of substantial free cash flow.

Improved Efficiencies

Leveraging their low-cost asset base, the newly set up company anticipates better efficiencies in its operations, which will be further maintain by a disciplined approach towards capital spending. This strategic move aims to position the company favorably in navigating a dynamic market environment characterized by fluctuating commodity prices.

By combining their resources and expertise, Chord Energy and Enerplus are well-equipped to navigate a wide range of commodity price scenarios, ensuring sustainability and resilience in their future endeavors.

Furthermore, the merger is set to bring about operational enhancements that will drive value creation for the company and its stakeholders. The consolidation of capabilities and resources from both Chord Energy and Enerplus paves the way for a more robust and competitive entity in the energy sector.

The Merge Company Is At Ease

By aligning their strategic objectives and leveraging complementary strengths. The merge company is at ease to tap into new growth opportunities and optimize its asset portfolio. Through a shared commitment to maximizing operational efficiency and prudent financial management. The affiliate entity is advantageous to deliver long-term value and sustainable growth.

The merger represents a strategic milestone for both Chord Energy and Enerplus. Setting the stage for a promising future built on a solid foundation of operational excellence and financial discipline.

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Source: Oil Price

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