Jenny Kucera

Here is an excellent data driven analysis of the impacts of renewables (or the apparent lack thereof) on power generation through weather-induced critical demand periods in Texas this week. This debate of "us vs them" needs to end. The world is electrifying however we neither have the luxury of allowing (nor can we afford to allow) policy-makers to pick and choose the winners in the power generation stack. All fuels are needed, full stop. Renewables play an important and meaningful role when the system is under normal load, but I'll be damned if I'm willing to roll the dice that they can get us through the most critical demand periods. Let's start electing leaders who understand this, or are at least willing to listen to those who do and finally see logic and common sense prevail. All energy matters, not just those "preferred" by unrealistic policy-makers. Doug Sheridan David A. M.

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I don't know if anyone else has realized this or maybe I was the only who found the EIA-Drilling Productivity report a well laid out and useful data reference, but as of June, it's been discontinued. It's merged as a table with no graphical representations, the monthly Short Term Energy Outlook. In its present format it's virtually useless. Have a look. Am I being too critical? https://lnkd.in/gZZEjVVC

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Learn how our team provided site-specific and regional geologic evaluations and injection feasibility assessments for long-term sequestration under the Class VI underground injection control program. https://hubs.ly/Q02yZlCv0 #Permitting #OilandGas #CCUS #CarbonCapture

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Move over, Chiefs - FracSure Max is the real dream team. This powerful integrated tool combines our PurpleSeal™ frac plug, PurpleSet™ setting tool, and PurpleFire™ perf gun. Watch the video to see how these tools are designed and how they fit together for a more efficient completion. Want to add Max to your mix? Contact us today and let's get started. #frac #completions #oilfieldtools

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ACEC National put together a video about The Dangers of Indemnification for Engineering Contracts. Please take a few minutes to watch and listen. Talking to your legislators and representatives is important for our industry. https://ow.ly/iBlS50SyzZp #arkansasengineers #engineering #lobbying #indemnification American Council of Engineering Companies (ACEC)

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While Chord and Enerplus make headlines in the Bakken, the University of North Dakota gears up with $11.6 million in federal funds to enhance oil recovery using CO2. Could this be a game-changer for the industry? Learn more about how this research could extend the life of Bakken oil reserves. https://lnkd.in/gWM5FTzs | #energyindustry #bakken #carboncapture #oilandgas

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https://lnkd.in/gThuNNpU I wonder if any sensor packages / mwd tools have a trend change while this is happening…if a CME can truely effect downhole measurements it would be amazing to analyze raw axis data from tools across different basins and see if there is anything interesting…no matter what model your using for survey FAC readings the model is going out the window for certain areas. No clue on the magnitude but it should be interesting.

An interesting look at the electrification of fracturing.

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Today we celebrate Juneteenth, remembering June 19, 1865, when Union soldiers finally arrived in Galveston Bay, Texas, with news of the Emancipation Proclamation and freedom for enslaved African Americans. We recognize that there is still work to be done to ensure true equality for all. For instance, did you know that communities of color are often disproportionately impacted by climate change, pollution and other environmental hazards? Through initiatives like #ResilientRibault and strategic partnerships with other organizations, we are working in some of our watershed's historically underserved neighborhoods to create greater access to our waterways, address longstanding pollution problems, and advocate for much-needed infrastructure improvements.

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Today on Juneteenth, we commemorate the day when enslaved people in Galveston, Texas finally received news of their freedom in 1865, two and a half years after President Lincoln's Emancipation Proclamation. We celebrate this milestone, but remain steadfast in our commitment to the ongoing pursuit of equality in this nation. At Learn Fresh, we work to address systemic challenges where students of color and those from low-income communities face disparities in funding and resources. We believe it's crucial to examine the STEM pipeline through racial and cultural lenses to provide accessible, engaging, and relevant learning opportunities. Together, we can work towards dismantling the inequity that persists across the U.S. public education system. #BlackIndependenceDay #BlackHistoryMonth #BlackLivesMatter #HappyJuneteenth #RacialJustice #Equality #Juneteenth #BLM

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On Antero Resources What makes ~1200 BTU gas so great when the Permian offers higher NGL yields? Are these wet gas wells better than Appalachian dry wells? Does liquids pricing really offer a benefit versus natural gas pricing? Why have operators favored the dry gas window? Why does Antero consistently burn money? We tackle these questions and more in our large breakdown of the company.

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A West Texas operator placed an ESP in a vertical section of a highly deviated wellbore to avoid running through the curve, but feared production may not be optimized. Halliburton and the customer collaborated to successfully reset the existing ESP at a lower point within the tangent and increase production by 330 BOPD and 475 MCFPD. Learn how the Intelevate™ platform assessed the well for optimal production and a total gain of over $627K in revenue. https://lnkd.in/gdVbcDg5

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Double Eagle IV has quietly added to its Midland Basin acreage footprint since the private E&P launched in 2022 with over $1.7 billion in investor commitments.   The latest iteration of Double Eagle is led by co-CEOs Cody Campbell and John Sellers, who in 2021 guided Midland Basin E&P Double Eagle III through a $6.4 billion sale to Pioneer Natural Resources.   After reloading with dry powder from EnCap Investments, Apollo Natural Resources and Magnetar Capital, Double Eagle IV is back to buying and drilling in the core of the Midland Basin.   Analysts say the experienced Double Eagle IV team has quickly developed one of the more attractive inventory portfolios among the shrinking list of private producers still standing in the Permian, and industry experts are keeping a close eye.   Double Eagle, unlike many of its smaller private peers, is drilling some of the most core portions of the Midland Basin, directly adjacent to where major players such as Pioneer, Diamondback Energy, Exxon Mobil Corp and ConocoPhillips.   Their operating arm, DE IV Operating LLC, are operating on leases in Martin, Reagan, Midland, Ector, Glasscock, Upton, Andrews and Howard counties, Texas.   The company’s Permian oil production totaled nearly 1.12 MMbbl this January, or an average 38,700 bbl/d, per the RRC’s most updated figures,   up from 96,000 bbl, roughly 3,100 bbl/d, in January 2023.   But Double Eagle IV’s value isn’t based on just existing oil production; It’s also based on the company’s high-quality portfolio of undrilled land.   It is estimate that they own 300 gross operated drilling locations across the core of the Midland Basin.   The land surrounding Double Eagle IV’s position is awash in a historic deluge of corporate consolidation, with many of the area’s oldest and largest operators getting scooped off the drawing board in a matter of months.   Exxon Mobil’s acquisition of Pioneer Natural Resources for $64.5 billion, including Pioneer’s net debt, will reshape the pecking order in the Midland Basin.   Diamondback Energy’s acquisition of Endeavor Energy Resources for $26 billion, including debt, was the largest takeout of a private oil producer on record, per Enverus data.   Occidental is making a smaller, albeit still massive, $12 billion acquisition of private E&P CrownRock LP for more running room in the Midland Basin.   Other smaller publics Civitas Resources, Ovintiv Inc., Vital Energy and SM Energy have also gotten deeper in the Midland Basin through M&A in the past year.   After well over $100 billion in deal making in the past 12 months, acquisitive operators are left with a much smaller slice of the Midland Basin pie to parse through for potential deals.   That’s why Double Eagle IV stands out so much among the rest of the private equity-backed E&Ps remaining in the Permian.   Experts anticipate Double Eagle IV will eventually approach the market for a sale, like the exit strategies for previous iterations of the company.

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The IndustryWeek U.S. 500 list of the largest publicly traded #manufacturing companies in the country is one of our biggest projects of the year, one that requires our team to scour #earnings reports for hundreds of companies to determine which ones truly manufacture their own products. The results of this year's report shows a manufacturing industry that's stuck in neutral. Top-line numbers indicate a decline, but that's mostly due to the #oil industry's outsized impact on some measurements. Without a handful of large #energy producers, sales were flat for the group and earnings down only slightly. https://lnkd.in/eF7SRGde

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You can divide the last 25 years of pressure pumping (frac, mostly) into 3 eras: FIRST: The era of natural gas, which drove 80% of frac demand. SECOND: The era of grow-at-all-cost to make America an oil leader. THIRD: The era of discipline...which rebuilds trust from investors. This chart can be found in our quarterly Hydraulic Fracturing report that we are currently updating. You can subscribe through our website: https://lnkd.in/eUditvuk

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Let's talk about how you or your company can benefit from being a Vendor at the 2024 NADOA Institute! Reach out to me for more information.

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Almost 20 years ago my brother and his team began to collect costs to drill, complete, and maintain wells across the US in most basins. This feeds into our quarterly "DCS" report (subscribe here: https://lnkd.in/gUFQKr3q). The chart below plots 7 of the 20 or so product/service categories for the whole US. The big takeaway? Price discounting for 2024 is modest relative to the price discounts of 2023. Pipe was the big mover last year. That is over now. I've penciled in RED the general trend in quarter to quarter discounting.

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Our latest newsletter was released this morning. We were busy methane hunters and organizers this month with three trips to the Permian Basin--two to Texas and one to New Mexico. And we supported the oilfield trucker strike at Haliburton's frac sand terminal. The truckers are hoping to get better working conditions which include bathrooms where they can wash their hands. That's a basic human dignity kind of request that I think Haliburton can afford. UBS finances Enterprise Products to the tune of $200 million. They tell the Swiss public that divesting is a bad idea because they can help force operators to stop emissions. Take a gander at what we saw at the Enterprise Products Midstream facility Taylor Leiker fondly known by us as the Taylor Leaker. We had to evacuate when the wind shifted but I kept recording--please excuse the shakiness. From what we saw, UBS is gas lighting the Swiss public. UBS funds some of the worst operators I've seen. You can read the news letter, see more videos and some photos here: https://lnkd.in/g6ajNjXM #investments #investing #methane #oilandgas #climatechange

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