Insights from Cinco Energy Management Group

Cinco Energy's Top 5 Monthly Metrics - July 2023

Written by Camille Nichols | Jul 31, 2023 1:00:00 PM

What were the most interesting data points in the energy industry last month?

Find out in our latest edition of CINCO's Monthly Metrics.

$24:  The second quarter US E&P deal volume, in billions. The average deal size was $1.8 billion.

3.5: The megawatts generated by a new geothermal well in Nevada, more than any other enhanced geothermal plant in the world.

$4.9 B: The price Exxon paid to acquire Denbury,  the first significant public M&A deal where CCS assets make up the bulk of value.

6.87: The total renewable power generated, in exajoules, by the US in 2022. China was the only country with a higher renewable power output in 2022.

350: The amount of funding, in millions, announced by EPA and DOE to monitor and reduce methane emissions from the oil and gas sector and for environmental restoration of well sites.