A glorious union is afoot on this month’s First Friday Q&A. We take your questions on innovative oilfield services, the future of automation, natural gas storage, and how to start investing in oil.
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Tom Bierman, Controller at Central Crude, you lucky dog! You got yourself a 2-Tone Base Layer on the way from Bulwark.
Only the finest of accouterments for the finest of gentlemen, indeed!
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Wilmer Jesus, Ecopetrol
Looks like we have hit the bottom and that crude prices are starting to recover. What do you think the recovery will look like?
Love the show by the way! You and James please keep it up!
Shara Surabi, Investor at Note Trade USA
I already spoke to James a couple of times over the phone and I told him many times how much I appreciate this podcast.
I wanted to get Mark’s prospective on what I can do to improve my business. I am looking to buy working interest in oil leases ranging between 100k and 4M. I use some of my own funds and also partner up with investor friends on some of these deals.
The ideal project will have cash-flowing wells with some shut in wells that I can get turned back and with the option to drill. I also need reliable operators to manage these leases.
How would you find good sources to deals and reliable operators to manage them? If this is a question you would rather answer privately, I understand.
Thanks ahead of time!!!
Eric Marshall, VP Completions & Operations at Spire Oil & Gas
I’ve noticed since 2013 that the natural gas storage trend has started to level off, if not turn down a little, while monthly production is continuing it’s increasing trend started back in 2007 (I’m looking at a 3 yr moving average).
Are we finally about to see a change in the natural gas market or is this just a sign of things starting to stabilize a bit?
I’m happy to email you the chart I’m looking at if it helps.
Steve McKenzie, Retired
First of all, great show guys. I recently came across two articles on automation. What stood out were the following quotes:
“By 2020, an intuit study estimates that more than 40% of the American workforce, or 60 million people, will be independent workers — freelancers, contractors, and temporary employees.”
and also “Former US Treasury Secretary Larry Summers says the unrelenting rise in the proportion of men without work since the 1970s will continue and by 2050 he estimates that around one-third of all men in the United States will be without work.”
With the increasing automation throughout multiple industries what can we do as professionals to best prepare for this inevitable future from your perspective especially where the Oil and Gas industry is concerned?
In addition what can we do as parents to prepare our kids for the future they will inherit? Is it all doom and gloom or no?
Thank you and look forward to your thoughts.
***Articles from which quotes are pulled from:
Ameer Ali, Business Analyst
Great show and really enjoy the Q&As (wish we could have more of these).
As someone who enjoys all the financial innovations Wall Street has created, for better or for worse a thought cam to my mind. When operators are looking to lock in rates with drilling contractors is it possible to create a an exchange or market place when investment firms, operators, and speculators can buy and sell contracts for drilling rigs to each other?
Also I came across this Bloomberg article about a former Shell lawyer who created a Global LNG Exchange a digital platform that will allow LNG traders to buy/sell spot cargoes via online auctions.
Does this look like a viable platform? Can something similar be applied to other areas of the O&G industry?
Thanks and look forward to your responses.
Paige Wilson, Vice President at Wilson Risk Management
The Weekly Onion
Events On Deck
2016 API Golf Tournament
When: October 10th, 2016
Where: Cypresswood Golf Club – Spring, TX
What: NAPE Denver
When: Oct 12-13, 2016
Where: Colorado Convention Center – Denver, CO
First Friday Q&A
Want more Q&A shows? Give us more questions!
Two this week. Thank you!
Great podcast keep up to date and learn more about O&G by Gbwohahyo – Oct 2, 2016
Just started listening to this podcast after hearing Mark speak at the recent IoT in O&G conference. Went back and listened to the last 10 episodes and find them all to be interesting and informative. Mark and James do a great job of covering a broad range of current events in O&G and explaining them at a level that you can understand even if you are not an next bird in that aspect of the industry. Thanks for all of the work you guys put into this!
Informative without getting technical by Non-Technical Industry Newbie
Disclaimer: this is written from the perspective of a non-technical role within the industry. James and Mark have a great chemistry between James’s ability to highlight relevant news and Marks expert analysis on the implications. If you are looking for a quick way to stay abreast of the stories that are going to be discussed in the office, look no further.
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