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Selected News from GIS Community02/24/2019
Selected February 2019 News from GIS Community
Technology changes ways in which professionals and citizen collaborate in geospatial dimension. We picked several February news for you as most interesting ones.
Аutomatic vertical scanning for drones now available. Inspecting vertical surfaces previously required a lot of manual work. and so was a burden for professional drone users. Automatic Facade Scan tool from UgCS changes this.
Peering behind the mapping curtain. Mapbox, a location intelligence startup shares about “live maps” built not from traditional data surveys, but from data collected from hundreds of millions of location-enabled sensors in real time.
Planet’s breadloaf-sized satellites capture Earth surface. Planet Co. now flying 300 12-pound satellites, which transmit 1.2 million images of high-resolution daily. Computer algorithms are being trained to look at new features day to day to identify new roads, buildings, etc.
New ways to add and format text on your ArcGIS Hub sites. Esri continues to empower teams and communities having recently added new features such as text formatting, creating calls-to-action, and customizing pages in ‘code view’.
Esri Press Releases ‘Women and GIS: Mapping Their Stories’. Read about 23 prominent women profiles working in such diverse fields as oceanography, archeology, education, social justice, conservation biology, and government.
Redrawing the Map: How the World’s Climate Zones Are Shifting. This article by Nicola Jones published a while ago on E360 uses maps to tell us how climate has been visibly changing around us redrawing so many lines.
Drillinginfo has announced a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product. The Drillinginfo-Rextag integration provides a cutting-edge solution with all relevant datasets in one platform, which provides powerful context and unprecedented infrastructure siting and mapping.
As promised, the latest Rextag GIS Data Update has been released. Here are some of the highlights and some examples of what you will find in the overhauled first update of 2019.
On June 16 Targa Resources Corp. decided to acquire Lucid Energy Group, located in the Permian Basin, which is a part of Riverstone Holdings LLC and Goldman Sachs Asset Management. Firstly, Targa enlarged due to the recent “blot-on” acquisition of Southcross Energy in the Eagle Ford for $200 million and it will become bigger thanks to the $3.55 billion cash transaction. Targa’s financial position allowed it to utilize convenient opportunities to extend its company so it bought #Lucid using available cash and debt with an estimated pro forma year-end 2022 leverage around 3.5 times. According to Targa’s estimates, the acquisition of Lucid will increase the number of natural gas pipelines by 1,050 miles and add about 1.4 Bcf/d of cryogenic natural gas processing capacity in service or under construction located mainly in Eddy and Lea counties of New Mexico. The investment-grade producers source approximately 70% of current system volumes. According to the press release, a full-year standalone adjusted EBITDA is expected to be between $2.675 billion and $2.775 billion and reported year-end leverage ratio of about 2.7 times. Targa’s updated financial expectations assume NGL composite prices average $1.05 per gallon, crude oil prices average $100/bbl, and Waha natural gas prices average $6 per MMBtu for the remainder of 2022.
Your team’s ESG performance can be greatly improved applying the asset co-location analysis within upstream or midstream use cases. This has been a topic for a discussion at Rextag’s ‘Is ESG Improvement Next Door?’ webinar. We reviewed some cases like curbing gas flaring or renewable energy sourcing to power the fossil fuel infrastructure. Many combinations are available with access to the data Rextag provides on wells, acreages, power lines, substations, and such renewable infrastructure as wind turbines, methane landfills, etc.
BPPlc agreed on June 13 to exit the Canadian oil sands in an asset swap with Cenovus Energy Inc. potentially worth up to CA$1.2 billion. 50% non-operated interest in the #SunriseOilSands project will be sold by BP in an agreement reached with Cenovus Energy, a company based in Alberta. Two companies agreed on the following conditions: total consideration for the transaction includes CA$600 million in cash, additionally, a contingent payment with a maximum aggregate value of CA$600 million expiring after two years, and concerning Cenovus, it will have a 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador. Current production from the Sunrise Oil Sands asset is about 50,000 bbl/d and the company anticipates achieving a nameplate capacity of 60,000 bbls/d through a multi-year development program.