As more developers opt to diversify their portfolios, we’re seeing increased interest in more sustainable sources of energy. Transitioning from carbon-intensive fossil fuels to other energy sources helps to reduce our emissions while meeting ongoing electricity demand—and gets us closer to reaching climate goals. With renewable energy technology continuing to grow in popularity, we’ve launched a blog series focusing on different energy sources and best practices to consider before and during development.
Diversifying our energy mix is crucial to reducing our emissions and getting us closer to the climate goals outlined in the Paris Agreement and other legislation. By moving away from more carbon-intensive fossil fuels and toward more sustainable sources of renewable energy, we’re able to limit pollution while still meeting our growing needs for power and electricity. With renewable energy continuing to gain traction and more developers expanding into this sector as they work to reduce carbon intensity, we’re launching a blog series focusing on different renewable energy sources and best practices to consider before and during development.
As carbon reduction initiatives grow in importance, and as consumers and customers opt to do business with organizations who commit to decarbonization, companies across industries are developing long-term strategies to reduce their carbon emissions across their supply chain and operations. As you navigate through the ESG and carbon-reduction planning process, these definitions—our latest addition to our series on carbon capture and storage terms—define common terms and provide context for how they fit into the broader carbon emission and decarbonization discussion.
If you missed our article with tips on how to engage a land team that is the right fit for your project, here's a visual summary to help. Having a group that is aligned with your project's unique needs and goals is key!
While decarbonization is top of mind for many oil and gas companies, carbon reduction initiatives are also becoming standard business practice across industries. For those outside the energy sector, developing a strategy to reduce their company’s carbon footprint across supply chain and operations may be the first time they’ve been introduced to these concepts. Whether you are new or are looking for a refresher, this collection of brief definitions clearly defines what each term means and provides context for how they fit into the broader carbon emissions and decarbonization discussion.
For independent oil and gas companies looking to finance their operations, one lending option is reserve-based lending (RBL), in which the loan amount depends on the value of their oil and gas reserves. Unlike other underwriting processes, the company’s cash flow is not what determines the amount that is available to borrow. Instead, the value of the reserves—referred to as the “borrowing base”—is what decides the loan amount. The lender will re-evaluate the reserve value (the borrowing base) on a regular basis, typically twice a year, to ensure that the loan amount does not exceed the value of the asset.
Over the last few years, industry fluctuations have accelerated a major shift in the way many companies manage their land functions. The days of mega in-house land departments have given way to a leaner approach to land management. Energy companies of all sizes are weighing financial considerations, market uncertainty, and staffing challenges as they re-imagine how they get business done.
We have been an outsourced land partner for large energy companies, small management teams and everything in between for decades. In this article, we will help you identify if land outsourcing is right for your company or team and what you should look for in a land partner.