Devon Energy collaborates with Omnia Midstream to integrate renewable energy into Delaware Basin operations
Devon Energy Corp
Omnia Midstream Partners, LLC announced today a development agreement to integrate renewable energy into Devon Energy Corp's Stateline field in the Delaware Basin.
The project will provide significant benefits to the producer's stakeholders, including reduced carbon emissions, competitively priced electricity, economic value in the investment, and improved well run-time from a self-generated, emission-free source of electricity that will improve the stability of the producer's private electric grid.
Omnia Midstream Partners, LLC, an energy solutions developer and advisor based in Tulsa, Oklahoma, collaborated with Devon to incorporate emissions-reducing renewable energy and battery storage into its power supply to supplement a highly dynamic upstream and midstream power demand. Omnia specializes in developing environmentally sustainable solutions for upstream and midstream energy operations.
The project incorporates cutting-edge photovoltaic and battery technologies into the company's upstream oil and gas operations in order to reduce emissions and improve overall efficiency. The project's design incorporates American-made solar panels, inverters, and battery storage to support the company's private electric grid's dynamic power demand.
Furthermore, the design incorporates data generated by Devon's existing platforms, and then employs predictive analytics and insights to ensure that renewable energy is used efficiently, lowering costs and providing a competitive advantage for future growth. Projects such as this one are a step toward delivering on the industry’s goals to achieve net zero Green House Gas emissions for direct and indirect sources by 2050.
Chad Cagle, Omnia’s co-founder, said,
“renewables can drive responsible growth in the traditional energy sector. Our approach combines experience, data analytics, and renewable technologies to deliver sustainable energy transformations for oil and gas companies.”
He said a key element of the process has been Devon’s preference toward employing technology driven solutions for complex problems that require innovative solutions. Because of the collaborative approach Omnia has been able to develop other applications for solar energy in the upstream space that will be attractive to other companies.
Cagle also points out the tremendous backlogs of large-scale renewable projects seeking interconnection agreements with various utilities.
“By focusing on our client’s specific, smaller-scale, operational needs downstream of the utility meter, we can quickly implement a solar and battery solution to improve reliability, runtime, reduce operating costs, and most importantly reduce carbon footprint without the lengthy approval process necessary for larger scale projects.”
Source: businesswire
