In another gripping First Friday Q&A we take your questions on petroleum producing countries, conspiracy theories, children’s books, and more!
Bulwark Has a Winner!
Eric Marshall – VP of Completions & Operations at Spire Oil & Gas.
You’re a registered Professional Engineer in Colorado, North Dakota, Ohio, Oklahoma, Texas and Wyoming. You managed Halliburton’s technical and operational implementation of Pinpoint Stimulation service, and have been a member of SPE for 13 years.
If that’s not enough, you can now boast Bulwark 2-Tone Base Layer owner. POW! Add it to your resume and send us a screenshot. Ha!
In all seriousness, congrats my friend!!
#80: Petroleum Producing Countries – We’ll Take it From Here
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Nick Roberts, LEC Services
First I wanted to say I’m a big fan of the show, and I think what you guys have been doing for the oil and gas industry is great. My question is, what do you guys think about the United State’s ability to become oil independent and placing restrictions on imported oil. Is it practical and how do you think pump prices would respond?
Daniel McLaughlin, Bloomberg New Energy Finance
My question today is about the cannibalization of rigs. There’s been a good amount of articles written about this topic over the course of the price downturn. Do you see this as a potential problem to North American shale producers scaling back up when prices return? As an add on, do you see prices returning in such a gradual manner that rig cannibalization is not going to have much of an impact? Keep up the good work!
Matt Hager, Bloomberg New Energy Finance
I am a regular listener to your Oil and Gas Podcast.
I had a question that I am hoping you may have the answer to. I am an Attorney specializing in Oil, Gas and Coal. I graduated the Appalachian School of Law with an emphasis in Natural Resource Law. In 2014, while I was attending Law School and after I graduated, I worked for a Title/Leasing Company with a contract with Major Operator (Continental Resources) in Kentucky leasing a new unconventional formation called the Rogersville Shale. I ran title along with 30 other title “professionals” the company had hired in 4 counties.
I noticed that the contracting company I worked for and the contracting companies for other Oil and Gas producers in the area, had hired title abstractors that really did not know what they were doing. Kentucky title is unique, the construction of deed terms are important when looking at title and if you are not familiar with title in the area it can be really confusing. I felt like these large companies were wasting $1,000 of dollars a day hiring an inefficient work force.
My question is this: How do Oil and Gas companies award these bids to contracting companies? I have scoured the internet for months looking for the answer and any push in the right direction you can give would be appreciated.
Thanks guys and keep on, keeping on.
Frazer Sloan, The Boston Consulting Group
Just wanted to connect and say that I really enjoy the podcast, always good insight.
I’m a big fan of the North American O&G industry and think that even amidst climate concerns, we are more responsible at developing our natural resources than other nations.
Any insight you can offer on the show regarding the USA/Canadian heavy/tight crude complementary dynamic would be valuable. I will be doing some work in Houston at some point within strategy consulting, so I hop to better understand the cross-boarder dynamic and how that can fuel North American long-term strategy.
After the 2008 financial crisis a lot of the major investment banks reduced and or removed themselves from prop trading (proprietary trading or trading their own capital) in several areas including commodities.
Given this have we always been in a carbon abundant world but were blinded by the truth because of market manipulation and growth in BRICs nations? I can’t help but be reminded of how Goldman Sachs would store aluminum and make huge profits by manipulating the commodities markets.
I believe that by these investment banks being forced to reduce prop trading and given the explosion in O&G in the US we are now seeing what is the market corrected prices rather than the outrageous 100+ crude prices.
Also in all seriousness have you, Mark or James considered writing a children’s book on O&G? Why not get them started early and who knows, the idea may take off?
Thanks and great job with the show and keep doing what you guys do best!
Oliver Arnold, PROJEKTBOX GmbH
Hi you two. Love the show! Keeps me entertained and informed at the same time.
Here is my question: I am looking for a company assisting with a pipeline pull for a small subsea oil pipeline. Can you help me and give me your opinion of the skill set and ranking that you would use for vendor evaluation?
Also: Where is the best place to meet new vendors in order to broaden our vendor base?
Thanks for the help & keep up the good work!
Chris Krieps, Roper Technologies
Not a question, thought this would be of interest. “Gary the Go-Cart: Wind Blows” is a children’s book about oil and gas to offer a counter view to the liberal education agenda on the topic. I keep one on my desk at work! Unfortunately for Texas, with its news on expansion of Wind Energy, its negative to wind!
The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes
True Lies: The Real Life Story of the Evil Oil Price Fixing Conspiracy!
Gary the Go-Cart: Wind Blows
modalpoint.com – Learn The Oil and Gas Industry
7 Free Resources for Newbies in Oil & Gas
The Weekly Onion
Events On Deck
What: TIBCO Energy Forum
When: September 7-8, 2016
Where: Omni Houston Hotel, 4 River Way, Houston, TX 77056
What: IoT in Oil and Gas
When: September 14-15, 2016
Where: Whitehall Houston Hotel – Houston, TX
First Friday Q&A
Didn’t get your question in this month? Not to worry, there’s always next month.
3 more this week. Thank you!
Great Stuff by Crude King – August 25, 2016
This podcast is great to get exposure and knowledge of the entire industry. The conversation topics are relevant, impactful and entertaining.
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