Presented by:
Editor's note: The full version of this article originally appeared in the May issue of E&P Plus.
Subscribe to the digital newsletter here.
The oil and gas industry has reached another tipping point, and staying innovative has become imperative to building resiliency. The challenges brought on by the pandemic have taught industry leaders that even the smallest digital steps can be transformative.
While consistency has never been a term synonymous with the oil and gas industry due to fluctuating prices, some leaders have mastered coexisting with unpredictability. Some have not. And an elite group of others have uncovered the golden nugget to surviving through it all: digital innovation.
Industry heavyweights Chevron Corp. and Devon Energy Corp. and newcomer Hibernia Resources III LLC have accelerated their organizations by prioritizing a strong digital strategy. By investing in advanced analytical functionalities to produce new insights and optimize operations, these upstream players have established valuable roadmaps for digitizing at any scale.
Click here to read the full "Digital Journey Guide" cover story, featuring in-depth interviews with Chevron, Devon Energy and Hibernia Resources, in the May issue of E&P Plus.
Recommended Reading
Top Exxon Directors Cruise to Re-election Despite Activist Opposition
2024-05-29 - The campaign amounted to a test of whether top fund firms would rally to defend the small shareholders whose resolutions have put topics like the environment and workforce diversity at the center of many corporate annual meetings.
Energy Capital Partners Raises $6.7B, Buys Atlantica
2024-05-29 - The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.
Hess Shareholders Approve Chevron Merger
2024-05-28 - Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.
Permian Resources Completes Liquidation of Canada’s Lynden Energy
2024-05-28 - Permian Resources said the liquidation of Lynden Energy, a subsidiary of Earthstone Energy, will simplify its corporate structure and reduce go-forward tax obligations at the time of the Earthstone acquisition.
Earthstone’s Anderson Relaunches, Seeks Conventional
2024-05-24 - The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.