American Oil and Gas Reporter - December 2022 - 83

IndustryFocus: Companies, People and Products
APA Partners With GHD To
Verify Emissions Data
HOUSTON-APA Corp. announces it
has engaged GHD, a privately-owned
global professional services company
specializing in implementing and verifying
sustainability projects. APA says this engagement
underpins its commitment to
protecting the environment, which includes
an all-employee-compensationlinked
goal to eliminate at least 1 million
metric tons of carbon dioxide equivalent
by the end of 2024.
" We are pleased to work with GHD
to support our ongoing efforts to verify
the emissions we eliminate through various
environmental projects, " comments
APA Environment, Health and Safety
Vice President Jessica Jackson. " Thirdparty
validation reinforces our commitment
to emissions reduction while recognizing
the performance of team members
across our company to meet our
environmental goals. "
Over the next two years, GHD will
serve as an independent, third-party verifier
of environmental project emissions data,
APA relates. The GHD team will take a
multisegmented approach, bringing in digital,
air quality and decarbonization experts
to perform a holistic review that can validate
data across operating areas, APA details.
" APA is making great strides in its
commitment to sustainability, proactively
taking on the dual challenge of emissions
reduction and increased production to
meet global energy demands, " comments
Rob Campbell-Watt, greenhouse gas validation
and decarbonization lead at GHD.
" We look forward to collaborating on
this project and witnessing the accomplishment
of its environment, social and
governance goals over the coming years. "
For more information, visit https://apacorp.com
or www.ghd.com.
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Enverus Publishes Report On Shale Drilling Inventory
CALGARY-In a new report, Enverus
Intelligence Research estimates that North
America has 125,000 remaining undeveloped
locations, amounting to 60 billion
barrels, that break even below $40 WTI.
The Midland and Delaware basins combined
make up 85% of the sub-$40 WTI North
American oil cost curve, Enverus details.
North America holds 320 Tcf of undeveloped
natural gas resources (preshrink)
that break even below zero Henry
Hub at a flat $60 WTI price, of which
82% is from the Permian, Enverus continues.
An additional 815 Tcf breaks even
between zero and $3, with 92% residing
in the Montney, Haynesville, Marcellus
and Utica.
" We believe the fear around nearterm
shale drilling inventory exhaustion
is largely overblown, " says Dane Gregoris,
report author and managing director
at Enverus Intelligence Research.
" The limited response of U.S. crude oil
and gas production to high commodity
prices primarily reflects ongoing capital
discipline by producers as well as availability
constraints of drilling rigs, frac
fleets and labor. "
Gregoris cautions that " many nonPermian
oil plays will face inventory exhaustion
by the end of the decade at
current activity levels. "
For more information about Enverus,
visit https://enverus.com.
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PakEnergy Exchange Aims To Ease Back-Office Work
ABILENE, TX.-PakEnergy has
launched PakEnergy™ Exchange, which
the company introduces as a next-generation
document sharing network that
enables oil and gas firms to securely
exchange documents with vendors, owners,
investors and other partners.
Built on PakEnergy's acclaimed
tomation reap tremendous benefits in
productivity, G&A optimization and
cash flow visibility that can uplift margins
by enabling more precise inbound expense
accrual. "
Unlike typical document exchange
Send your
press release to
pressreleases
@aogr.com
The PakEnergy™ Exchange makes it easy to share
invoices, division orders, insurance certificates and
other documents with vendors, partners and stakeholders,
PakEnergy says. Inspired by social media,
Exchange lets companies connect by sending a
quick request rather than requiring lengthy software
integrations.
DECEMBER 2022 83
WolfePak DocVue platform, PakEnergy
Exchange can handle any document, the
company says. For example, operators,
first purchases and service companies
can use it to exchange invoices, division
orders, run statements, owner statements,
1099s, W9s, insurance certificates, ACH
forms or change of address forms.
" Despite everything we hear about
the digital oil field, our industry still
relies on paper documents and email
when exchanging documents with vendors
and other partners. PakEnergy Exchange
will help our customers significantly
lower their operating costs and
increase the efficiency of their backoffice
staff while providing better customer
service for their vendors, owners,
investors and partners, " says Brent J.
Rhymes, PakEnergy's chief executive
officer. " Teams who switch to PakEnergy
Exchange for (accounts payable) aunetworks,
PakEnergy Exchange makes
it easy to establish digital connections
between organizations by using a familiar,
social media-style interface, PakEnergy
mentions. Users simply " friend "
any participating organization on the
network, the company clarifies, adding
that joining only takes five minutes.
" I normally receive around 300-plus
invoices a month, and PakEnergy has cut
my time in processing and paying vendor
invoices by around 60%, " reports Lea
Ann Stevenson of TYGR Operating Co..
For more information, visit
https://go.pakenergy.com/new-pakenergy-exchange.
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American Oil and Gas Reporter - December 2022

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