Health Check

Revolutionizing Oil And Gas Environmental Due Diligence With ESG Dynamics

Environmental Due Diligence / /

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 […]

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CrownRock: 2022 Upstream GHG IQ Report

Environmental Due Diligence / /

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

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Midland Reporter-Telegram: Operators Urged to Prepare Now for Methane Intensity Tax

Environmental Regulation / /

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

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Diamondback Acquires Lario with Unclear Environmental Picture

A&D Spotlight / /

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

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Diamondback’s ESG Goals Could Extinguish FireBird Flares

A&D Spotlight / /

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

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Greenhouse Gas Reporting Accuracy

Emissions Reporting / /

Like all publicly traded E&Ps under today’s evolving greenhouse gas reporting policies, a Permian operator faced increasing liability with easy access to filings from attorneys, regulators, and stakeholders.   ESG Challenge As part of its routine operational audit of environmental compliance, the Permian operator identified substantial risks from failing to file greenhouse gas reporting correctly.

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Providing Oil & Gas Property Buyers with Environmental Due Diligence

Environmental Due Diligence / /

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 and Apa Corp (Apache) Face Opposite ESG Impacts from Two Titus Delaware Basin Deals

A&D Spotlight / /

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

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Devon’s New Eagle Ford Assets Bring New Flaring Challenge

A&D Spotlight / /

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

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Enercom Denver Presentation: Oilfield and the Environment

Regulatory Compliance / /

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

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