Erin Faulkner

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Data center growth a boon for gas transmission companies

Sep 11, 2024 | enverus.com | Erin Faulkner |Carson Kearl |Jeb Burleson |Maurice Smith

The emergence of AI is fueling a rapid expansion of data center capacity, which will significantly increase future energy demand. Enverus Intelligence® Research (EIR) forecasts data center power demand will grow by 14 GW from 2023 to 2030 in a base case scenario, amounting to 2 Bcf/d of natural gas power if fully serviced by gas-fired generation. Through 2050, growth in data center demand will require an additional 153 GW of capacity, according to the latest EIR projections.
Computational Demand Growth | Jiving with Jevons

Sep 11, 2024 | enverus.com | Erin Faulkner |Carson Kearl |Maurice Smith |Jeb Burleson

The surge in electricity usage fueled by the need for data centers might not be as substantial as originally thought. When examining the log-log relationship between annual information consumption (measured in exabytes) and data-center power efficiency (expressed in exabytes per terawatt-hour), we observe that projecting efficiency gains into our model shows virtually no deviation from the historical trend (with an R-squared value of 0.99) from 2000-23 (Figure 1).
BUYING MINERAL RIGHTS IN TEXAS?

Apr 2, 2024 | enverus.com | Phillip Dunning |Rob Allerman |Carson Kearl |Erin Faulkner

Are you considering buying mineral rights in Texas? Before you take the next steps, familiarize yourself with the comprehensive information we’ve presented in this blog post. It’s not just for beginners — even the savviest mineral and royalty investors can benefit from our 10-point checklist to making confident and informed decisions in the Texas mineral rights market. In Texas, mineral rights investors can either choose to buy mineral rights outright or lease them.
Evaluating Energy in the New World Order

Feb 22, 2024 | enverus.com | Carson Kearl |Erin Faulkner |Joseph Gyure

In a world where energy value can make up a small portion of the revenue stream from emerging business models, what else is at play? Enverus Intelligence Research views effective energy transition business practices as taking advantage of two key additive revenue streams. The first is reliability, which is most prominently found today in ancillary services and energy storage markets on the power and renewables side.
Who really means it when they permit a well in the Permian?

Feb 22, 2024 | enverus.com | Erin Faulkner |Joseph Gyure |Phillip Dunning

Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity. There is no requirement that a company actually act on the permit, and some companies keep large inventories of permits to provide optionality or possibly obscure their plans. In contrast, some E&P companies will permit only the wells they intend to drill.
OFS providers bask in bright outlook for activity outside U.S.

Dec 19, 2023 | enverus.com | Joseph Gyure |Nate Miller |Alex Nevokshonoff |Erin Faulkner

Oilfield services companies are feeling rainbows and sunshine when they look at prospects for international activity, even as the U.S. seems cloudy. The consensus among OFS firms with international exposure is that years of offshore underinvestment are coming to an end, while countries in the Middle East are advancing on planned expansions.
Accelerate Renewable Projects With Interconnection Queue and Policy Insights

Dec 14, 2023 | enverus.com | Nate Miller |Joseph Gyure |Alex Nevokshonoff |Erin Faulkner

Staying current with policy and regulation updates at all government levels can be crucial to your project development and business operations. As these changes can occur swiftly, merely reacting can lead to diminished project development efficiency.
OFS firms hope Haynesville rebound won’t wait for LNG wave

Dec 6, 2023 | enverus.com | Joseph Gyure |Alex Nevokshonoff |Erin Faulkner |Prashant Kumar

While the Haynesville has been responsible for much of 2023’s woes for U.S. oilfield services contractors, they appear convinced that the worst is over. Still, no one expects a full rebound until new LNG export capacity on the U.S. Gulf Coast comes online. The Ark-La-Tex active rig count was over 80 for most of 2H22 and 1Q23. However, throughout 2H23, activity has been stuck in a 50- to 60-rig range.
Targa leads peers in new well connects to its gas gathering

Nov 9, 2023 | enverus.com | Erin Faulkner |Chris Griggs |Ivana Petrich |Joseph Gyure

Midstream operators connected 3,524 oil and gas wells to gathering systems in the U.S. during Q2, according to an analysis using Enverus Core data presented in the most recent issue of Midstream Pulse. This is up slightly from the 3,447 wells connected during Q1 and relatively flat compared to 2Q22. The most active regions were the Permian with 1,435 new well connects, the Rockies with 694 and the Gulf Coast with 645.
U.S. drilling rig day rates decline for fourth straight month

Oct 23, 2023 | enverus.com | Joseph Gyure |Erin Faulkner |Chris Griggs |Nate Miller

Drilling rig day rates in the U.S. declined for the fourth consecutive month, although the pace of the decline slowed a bit, according to the monthly Enverus Day Rate Survey, as rig demand has yet to return to 2022 levels. The U.S. composite rate declined to $23,623, down $129 from August, the smallest sequential decline in the past four months. The U.S. composite rate has fallen $837 over the past four months from May’s record of $24,460.