Catch up on your monthly essential US Natual Gas stats. Brought to you by Labs at ESG Dynamics. Key stats: US marketed (wet) natural gas production averaged 114,205 MMcf/d in Jul 2024, a change of +1,314 MoM and +1,469 YoY. US dry natural gas production averaged 104,317 MMcf/d in Jul 2024, a change of +1,476 […]
US Natural Gas Monthly (Oct 2024) Read More »
How is ESG Dynamics reshaping environmental due diligence? In the fast-paced world of oil and gas acquisitions, environmental due diligence is a critical step to assess risks and maximize regulatory compliance. However, this process has historically been time-consuming and costly. A typical assessment may take several weeks to months, contingent on its depth and breadth. The
Revolutionizing Oil And Gas Environmental Due Diligence With ESG Dynamics Read More »
Occidental Petroleum (OXY) to buy pure-play Permian producer CrownRock for $12 billion. CrownQuest is the parent company of CrownRock. The pure-play Permian operator continued to ramp up production, reaching an average rate of 154 thousand barrels of oil equivalent per day (MBOE/D) in 2022. This was accomplished via a steady drilling and completions program, with
CrownRock: 2022 Upstream GHG IQ Report Read More »
Analysis comparing Permian Basin operators producing over 1 Bcf/d in 2021 revealed that while the reporting of production to federal and state regulatory bodies was relatively aligned, the reported flaring volumes varied widely. Several factors could be contributing to this divergence, such as discrepancies in facility classification (production vs. gathering and boosting), underreporting of flaring
Most energy use is essential, and the world still struggles to displace coal Global GHG emissions have set new highs in recent years due to increased energy consumption driven by industrial, transportation, and heating/cooling needs. Most energy used is essential. This is highlighted by the mild decline in energy consumed during the Covid-19 pandemic, when
The Importance of the U.S. Upstream Decarbonization Read More »
Written By: Mella McEwen, the Oil Editor for the Midland Reporter-Telegram. Reducing, if not outright eliminating, methane emissions is a challenge the oil and gas industry is rapidly embracing. But in doing so, questions are being raised about just how to calculate emissions and which calculations are correct. An example is a recent report by Bloomberg
Midland Reporter-Telegram: ESG Dynamics Questions Methane Emissions Report Read More »
The Inflation Reduction Act (IRA) was signed into law by President Biden in 2022 and will have a significant impact on the oil and gas industry. This legislation contains a charge on excess methane emissions from oil and gas facilities that emit over 25,000 metric tons of carbon dioxide equivalent per year. The threshold for
Written By: Mella McEwen, the Oil Editor for the Midland Reporter-Telegram. A new methane intensity tax is set to take effect beginning in 2024, and analysis shows smaller producers are facing significant exposure. Though repeal of the tax, which was included in the Inflation Reduction Act passed last summer, is part of a package of
Midland Reporter-Telegram: Operators Urged to Prepare Now for Methane Intensity Tax Read More »
Diamondback Energy announced yet another Permian acquisition on November 16th. The company agreed to purchase Lario Permian LLC assets focused in the core of the Midland Basin. The century-old family-owned parent company, Lario Oil & Gas, also operates in the Bakken and Mid-Continent. Diamondback offered $1.5 billion in cash and stock for about 25 Mboe/d
Diamondback Acquires Lario with Unclear Environmental Picture Read More »
Diamondback Energy continues to grow through a string of Permian Basin acquisitions. On October 11th, it announced that it would buy FireBird Energy’s assets, which includes 22 Mboe/d production and 38,000 acres in the western Midland Basin. FireBird bought more than half of that acreage from Chevron just a year ago. Valued at $1.6 billion
Diamondback’s ESG Goals Could Extinguish FireBird Flares Read More »
