GDM Inc.’s Post

Asset intelligence and asset integrity are critical to how energy companies reduce risk and operate assets effectively from design to decommissioning. It was a pleasure to work with the team at GDM Inc. to share insights into data accessibility and asset integrity management — especially necessary in industries like oil and gas, where infrastructure ages and assets may change hands multiple times through mergers and acquisitions. #abtech #contentwriter #albertaenergy #contentmarketing

Trusted data is the focus of informed decision-making across all industries. Check out this post on how Sword UK is using data to transform insights into action, driving innovation and sustainable growth. The fact is, when your data is reliable, your decision making abilities are unstoppable! Feel free to share how trusted data has enabled your #energysolutions! #data #subsurface #swordus #sworduk Douglas Frisby Tony Incledon

Operating assets in ERCOT? Check out our blog to make sure you're leveraging critical datasets.

Q2 saw $30.2 billion of U.S. upstream deal activity, according to Enverus M&A Analytics, led by a $22.5 billion public company combination that continued a remarkable wave of E&P consolidation and highlighted the trend’s expansion beyond the Permian core. While both ConocoPhillips and Marathon Oil are active in the Delaware Basin, their transaction opens considerably more running room for Conoco elsewhere, particularly in the Eagle Ford. Rounding out Q2’s billion-dollar-plus deal tally was another public company combo in the Eagle Ford—Crescent Energy’s $2.1 billion SilverBow Resources acquisition—and private equity exits by two EnCap portfolio companies: Ameredev II in the Delaware Basin for $1.9 billion and XCL Resources in the Uinta Basin for $2.55 billion. Including July’s $5 billion Devon Energy-Grayson Mill Energy deal in the Bakken and $1.1 billion takeout of PE-backed Point Energy Partners by Vital Energy and Northern Oil & Gas, 12 deals valued at $1 billion or more have been announced YTD, putting 2024 on track to outpace last year’s high-water mark of 19 such deals. In addition, the average value for transactions of $100 million or more in 1H24 was $3.84 billion, on par with 2023’s average of $3.81 billion and more than tripling the previous six years’ $1.14 billion average.

After a significant round of selling, re-funded private equity teams are ramping back up their hunt for assets and expanding the search for opportunities in an increasingly consolidated shale landscape. That is leading teams away from the core of plays where they have seen past success as they look for more attractively priced entry points. Last week, Reuters reported Validus Energy has a deal in place to buy Warburg Pincus-backed Mid-Continent producer Citizen Energy III for more than $2 billion, making it one of the largest deployments of private capital in the last few years. The Mid-Continent is one of the areas getting a close look from private equity firms as poor outcomes in a previous bout of buying left public companies skittish on redeploying capital into the region. The Citizen assets, with the main operated position in the Merge area of the SCOOP-STACK, featured in several deals during that time. Citizen II contributed its assets to a JV with Linn Energy to form Roan Resources in 2017. The company achieved a public listing in late 2018 but was taken back private by Warburg as Citizen III in 2019 after about an 11-month public run that saw the equity lose about 90% of its value. After holding the portfolio company for five years—pretty typical for a PE commitment—Warburg has found a buyer in Validus.

Field performance analysis isn’t without its hurdles! Challenges include dealing with inconsistent data, unpredictable reservoir behavior, and the impact of operational changes like new wells or artificial lift systems. Accurately predicting future performance requires navigating these complexities to make informed decisions

Taiwan boosts credit guarantees on offshore wind financing 04 Dec 2024 by Celine Ge The Taiwanese government plans to increase the maximum proportion of state credit guarantee coverage on offshore wind project financings to 80% from 60%, according to a government statement yesterday. The island’s economic affairs ministry said the move is intended to promote the participation of more state-owned banks and other financial institutions into the financing of offshore wind projects in Taiwan, which could translate into a combined financing demand of TWD 1.08trn (USD 33bn) during 2026-2031.  The total size of state credit guarantees on the island’s offshore wind project financings amount to TWD 90bn, with about TWD 80bn still untapped, according to the statement. Such state credit guarantees will make it easier for projects to secure debt from banks. In addition, the government will also grant credit guarantees to companies that sign long-term power purchase agreements with offshore wind farms, with the maximum amount being 80% of the total money the company commits to pay for the offshore wind electricity. The economic ministry expects such guarantees will encourage more domestic companies to purchase renewable energy as part of their efforts to achieve net zero emissions.  The Taiwanese government in July last year said it planned to provide credit guarantees covering green electricity corporate power purchase agreements to boost the bankability of offshore wind farms. #offshorewind https://lnkd.in/gPcR4wR7

Bryony Theaker and I had a great discussion with Georgina Barnard at Mergermarket about M&A trends and dealmaking in the energy sector. The desire to invest in the energy transition remains resilient. Recent M&A activity and pipeline reflect this. You can find the article below. EMEA energy dealmaking powers up as capital influx from transition funds drives pipeline - Trendspotter https://lnkd.in/exKK82Pw #energytransition #energy #cliffordchance

Jonathan Dillon and I had a great conversation with Georgina Barnard at Mergermarket about M&A trends in the energy sector. Recent M&A activity shows that investment in renewable energy remains strong, despite supply chain and inflationary pressures. The article is linked below (£). EMEA energy dealmaking powers up as capital influx from transition funds drives pipeline - Trendspotter https://lnkd.in/eqcFzQKK #energytransition #energy #cliffordchance

Discover how Petrosight is redefining wellsite data management 💻 🌐 From streamlined daily reporting and real-time data analysis to seamless cost-tracking, our platform equips your team with the insights they need—anytime, anywhere. Ready to see how Petrosight can elevate your operations? #Petrosight #DataManagement  #OilGasTech #Energy