RS Energy Group
Suite 1400, 585 8th Avenue SW T2P 1G1 Calgary, AB, Canada

Join us virtually July 20th as Enverus’ CEO Jeff Hughes, CPO Jimmy Fortuna, and co-President of Oil & Gas, Manuj Nikhanj, highlight on the importance of innovation and technology as they discuss the state of the market’s economic and production outlook. Learn more http://ow.ly/bOmi50ABxb2

"The American, by nature, is optimistic. He is experimental, an inventor, and a builder who builds best when called upon to build greatly." John F. Kennedy

As #oil prices recover, RSEG (now part of Enverus) expects to see high-grading that will return activity to areas with the highest-quality rock. See the full #blog to read what we identify as the core acreage in the Bakken: https://bit.ly/2NQlGhs

#Canada to the #US averaged 3.76 Bcf/d in April 2020 and 3.86 in May, the lowest levels in the past 10 years. Read more to see why exports are so low, and whether this downward trend is going to continue: https://bit.ly/2BbC09q #oilandgas #demand #RSEG #Enverus

The drive toward lower breakevens could put #shale operators on the road to vertical unbounded #wells. This shift could put future productivity from adjacent zones at risk. However, experts at RS Energy Group (now a part of Enverus) say a closer look at the subsurface using electrofacies can help pinpoint areas where there is less risk for hydraulic communication between zones. https://bit.ly/2zujVDb #oilandgas #Enverus

The seesaw of market imbalances leaves us with one option: innovate. As an #energy industry, we are innovators. Learn more about how RS Energy Group and Enverus can be a lifeline to reshape your market position. https://www.enverus.com/other/prism-video-reveal/

With OPEC and allies coming to an understanding on curbing output, could there be a "little glimmer of light" for the market? Hear from RSEG's Ian Nieboer and other analysts on what this means for Canadian producers: https://calgaryherald.com//varcoe-with-a-global-oil-deal-/

Looking to hear from an economist about how we got to $20 WTI? Or what this means for operators? Access an analyst on our Managing the Market page with a new Q&A section. https://www.enverus.com/managing-the-energy-market/

See population-normalized national and sub-national case counts of COVID-19 in an interactive graph on our Managing the Market page. If you want to compare case-count growth in Washington State to Hubei, China, this is your chart! https://www.enverus.com/managing-the-energy-market/

The opening move down reflects the reality that even if there was to be a deal, which now seems to be postponed, the overwhelming loss of demand will keep driving prices lower until storage is full and production is shut in, RSEG's energy sector strategist Andrew Gillick told the Financial Times. https://www.ft.com/con/9c1b672f-7fc0-470b-8db6-ddf1874cb263

RSEG's Kaley Ogilvy discusses how clients can use our advanced spacing algorithm and economic models to examine a company's future inventory and its ability to generate free cash flow at various development scenarios. Subscribe to the RSEG blog: https://www.rseg.com/experience-rs/rs-news

The original idea was simple: Even if oil prices go the wrong way, you’re still going to be creating value by mastering the technology behind the shale boom, RSEG’s Dane Gregoris told Bloomberg. That thesis is no longer as clear. Read more on why private equity is trying to get out of the energy industry: https://www.bloomberg.com//private-equity-can-t-escape-the

The size of the global drop in consumption triggered by the coronavirus pandemic may be equivalent to the OPEC’s entire output, cutting oil prices around the globe. RSEG’s Morgan Kwan explained to the Financial Times that in Alberta’s oil sands, the local benchmark had been selling for about $5 a barrel and producers had cut $4 billion from capital budgets. She also said oil companies eventually will need to decide which is less costly: producing barrels at a loss or shutting the projects. Read more on the oil industry’s historic production shutdown: https://www.ft.com/con/605db3d6-228a-4381-a0db-27db9b9f9202