Phillip Dunning

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Nuclear in Its AI Era | The Cost of Repowering Three Mile Island

Oct 31, 2024 | enverus.com | Amyra Mardhani |Chris Griggs |Phillip Dunning |Al Salazar

The rapid growth of AI has created a surging demand for data centers. Tech giants like Microsoft, Google and Amazon are seeking reliable, low-carbon electricity to power future data processing hubs. Recent announcements, such as Microsoft’s repowering of Three Mile Island (TMI), Google’s backing of small modular reactors (SMRs) and Amazon’s plans to follow with its own SMR buildout, are paving the way for a nuclear resurgence.
SLB taking home the prize in $8.2B ChampionX acquisition

Apr 9, 2024 | enverus.com | Joseph Gyure |Bryn Davies |Riley Prescott |Phillip Dunning

In the biggest oilfield services transaction since 2016, SLB agreed to acquire ChampionX Corp. for $7.76 billion in stock, bringing an industry leader in production chemicals into the OFS giant’s fold. ChampionX’s $420 million in net debt brings the transaction to an $8.18 billion enterprise value.
360km, 12 runners, 4 countries, #OneTeam

Apr 9, 2024 | enverus.com | Bryn Davies |Riley Prescott |Phillip Dunning |Rob Allerman

Did you know that Enverus now has 18 offices around the world, with the most recent addition of the Brno office in Czechia. To mark the expansion of our #OneTeam values, a group of runners will participate in the country’s legendary relay event, the Vltava Run. Spanning an epic distance and stunning landscapes, the Vltava Run begins in the mountainous region of Southwest Czechia, in Šumava, and follows the Vltava River into the historic city of Prague.
ERCOT Energy Storage | Paths to Profit

Apr 4, 2024 | enverus.com | Phillip Dunning |Rob Allerman |Carson Kearl |Riley Prescott

Renewable integration has experienced a remarkable surge in Texas, with the installation of more than 9 GW of renewable capacity in 2023 alone. This additional renewable capacity has led to increased price volatility, which is advantageous for energy storage assets. As a result, there has been a significant increase in energy storage capacity with 2.7 GW of new installations.
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.
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.
The hidden costs of running title: How to transform your approach

Feb 21, 2024 | enverus.com | Joseph Gyure |Phillip Dunning

While horizontal drilling and hydraulic fracturing significantly enhance well productivity, they have had the opposite effect on the land department. Prior to the shale revolution, running title often involved just dozens of acres, but today’s land managers and title attorneys must establish defensible title evidence for tens of thousands of acres, spanning many interest owners in just weeks.
U.S. day rates revive after December slumber

Feb 15, 2024 | enverus.com | Joseph Gyure |Phillip Dunning

All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors. All of January’s gains were modest, ranging between 0.58% and 1.36%. The U.S. composite rate rose $218 in January to $23,687. The January results were a rebound after the anemic results of December, when only four of the seven regions rose, and the U.S. composite moved up just $9.