Bolstered by an ESG Dynamics Health Check, the quality of its assets and marketable ESG performance, the South Texas operator is moving forward with confidence to meet its end of year divestiture goal. ESG Challenge South Texas operator plans to sell all of its assets by the end of the year. Adding complexity to […]
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Earthstone Energy acquired NGP-backed Titus Oil & Gas in August, as part of its ongoing Permian Basin growth strategy. The $627 million cash plus stock deal brings 7,900 net acres in the northern Delaware Basin, 3 active rigs and 31,800 Boe/d production to Earthstone’s portfolio. The deal follows its first quarter purchases of Bighorn Permian
Devon Energy announced on August 9th that it would acquire private operator Validus Energy, in a $1.8 billion cash transaction slated to close late Q3 2022. The new assets add 42,000 net acres adjacent to Devon’s position in the core of the Eagle Ford play. Validus bought the property from Ovintiv for $0.9 billion just a year
Devon’s New Eagle Ford Assets Bring New Flaring Challenge Read More »
On August 9th, 2022, Grant Swartzwelder and Gani Sagingaliyev spoke at the Enercom Denver conference. They discussed how ESG Dynamics provides transparent oilfield environmental data and a smarter way to achieve your environmental goals. The presentation benchmarked several Permian Basin producers attending the conference, and highlighted potential inconsistencies in data reporting, which can lead to
Enercom Denver Presentation: Oilfield and the Environment Read More »
Centennial Resource Development and Colgate Energy plan to merge, becoming the largest pure-play Delaware Basin oil and gas company, valued at $7 billion. The stock market responded positively to the May 19th announcement. Centennial’s stock price quickly reversed a month-long dip, up 47% over two weeks. The press release labeled this “a merger of equals”. Beyond financials, the
Centennial and Colgate’s Delaware Basin Merger Draws an ESG Spotlight Read More »
BKV to buy ExxonMobil’s Barnett assets for $750 million On May 19, 2022, ExxonMobil agreed to sell its Barnet Shale production and midstream assets to BKV Corporation. Closing by end of June, the offer includes $750 million plus extra compensation depending on future gas prices. According to its press release, the sale is part of a
The ESG Impact of ExxonMobil’s Barnett Divestiture to BKV Corporation Read More »
Using ESG Dynamics data and technology, Environmental Defense Fund published a new study investigating the environmental and climate implications from recent oil and gas M&A activity. EDF sought to partner with ESG Dynamics for our industry-leading ESG data analytics. The case studies demonstrate the importance of data-driven decisions when entering any oil and gas asset transaction. By
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ESG Dynamics Founder, Gani Sagingaliyev, joined Grant Swartzwelder, President of OTA Environmental Solutions, for Episode 31 of the Oilfield Strong Webinar Series. Accurate environmental data and reporting form the backbone of any effective ESG strategy. Yet many companies don’t realize they have incorrect or missing data. Sometimes it’s a simple miscommunication among departments. Other times,
Oilfield Strong Webinar with ESG Dynamics: ESG Insights that Matter to You Read More »
On March 21, 2022, the Securities Exchange Commission proposed new climate-related disclosure requirements, to strengthen and standardize disclosures encouraged by its earlier 2010 guidance. Companies would start reporting climate-related risks along with greenhouse gas (GHG) emissions as early as fiscal year 2023. The extended public comment period closes June 17, 2022. Essential elements of the proposal
ESG Dynamics was delighted to sponsor the Environment, Social and Governance (ESG) session at the Society of Petroleum Engineer’s A&D Symposium on March 2, 2022. The panel discussion revealed how the oil and gas sector can leverage data and benchmarks to identify ESG risks and strategic opportunities. Panelists: Jason Modglin, President, Texas Alliance of Energy
SPE Panelists Find Strategic Opportunity in ESG Read More »
