Omnia announces development agreement with Devon Energy to integrate renewable energy into the Stateline Field located in the Delaware Basin
Infrastructure design and operations with an emphasis on:
Solar power and renewable energy
Electrical power and microgrids
Green and blue hydrogen
Carbon capture
Pipelines and storage
We’ll help you maximize the value of your assets and reduce your carbon footprint.
Let us help you develop your unique plan of action.
What We Offer
Our capabilities span the entire upstream, midstream, and renewable energy value chain.
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We Provide:
Renewable-energy integration
through inception, development, and execution of renewable-energy technologies to reduce carbon footprints and enhance operations
Commercial and operations expertise
in the upstream and midstream sectors, specializing in infrastructure and operations
Competitive assessment
through data-driven analytics and strategy development
Transactional services
- Mergers and acquisitions diligence
- Economic and asset integrity review
- Asset valuation
Audit support
via oil and gas contract and settlement statement assessment
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Why We’re Different
Leadership With Decades of Experience
Our team is practiced and proven, with a track record of more than sixty years competing in the upstream and midstream energy sectors. We have the experience, network, and resources to support your specific situation.
Diversified Knowledge Base
We utilize a blend of commercial, transactional, operational, engineering and design expertise. From inception to execution to monetization, we have you covered.
Individualized Programs
We’re a boutique firm that takes into account the unique vision and goal of each client. Our commercial, operational, and renewable energy solutions are custom tailored to address our clients’ needs.
Projects*
Devon Stateline Field Solar Photovoltaic Array and Battery Storage Project
Integration of Solar Photovoltaic Energy and Battery Storage into Production Operations
The Brief:
Devon Energy commissioned Omnia to perform a feasibility study on the integration of a solar photovoltaic array and battery storage to enhance its oil and gas production operations in the Stateline Field in the Delaware Basin, reduce power cost and carbon footprint, and increase runtime.
Our Response:
The project included a deep analysis of Devon’s private power grid and dynamic load characteristics. Omnia and Devon developed a renewable energy solution that would reduce operating expenses and carbon footprint, and increase runtime through the inclusion of battery storage. The solution included a report on the energy harvested from the solar photovoltaic array, a detailed capital cost estimate, a robust economic evaluation, and an environment assessment.
Devon entered into an Agreement with Omnia to construct a 5 MW solar photovoltaic array with a 0.5 MW lithium-ion battery directly connected to the Devon’s private power grid. Completion of the project is anticipated in the third quarter of 2022.
Refined Products Pipeline Solar and Battery Storage Feasibility Study
Integration of Solar Photovoltaic Energy and Battery Storage into Pipeline Operations
The Brief:
One of the nation’s leading common carrier pipeline operators of refined products, serving more than 70 major cities in 16 states, engaged Omnia to explore the development of photovoltaic generation and storage facilities to supplement existing pipeline infrastructure and operations
Our Response:
This Feasibility Study included a systematic review of raw operating data and utilized data analytics to develop a solar and battery storage strategy tailored to the client’s unique operations and power demands. Omnia identified and quantified the specific operational benefits of this solar solution that would provide reliable power at a lower cost than the alternative. Omnia worked directly with the client’s facilities group to ensure optimal sizing of the solar array and resultant operational benefits were achieved.
Private-Equity Advisement
The Brief:
Our client, a private equity firm and creditor, needed informed counsel regarding its potential investment in gas gathering, processing and use of NGL pipelines.
Our Response:
We provided a comprehensive analysis of several regional pipelines which included an overview of supply / demand fundamentals, an assessment of available markets, contract interpretation, a review of strategic alternatives and scenario work on potential repurposing of pipelines.
Distressed Debt – Creditor’s Risk
The Brief:
A creditor needed assistance with a valuation of an existing NGL pipeline and a fractionation investment opportunity.
Our Response:
We delivered volume / revenue forecasts and guidance based on production growth, demand trends, contractual commitments, and market alternatives and constraints.
*Some company names have been omitted from these case studies to protect the confidentiality of our clients.