Welcome back to another episode! This week’s episode is our First Friday Q&A for March. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month’s FFQA, click the link below. Enjoy!
Show Notes & Links:
Dear Jake: Firstly, I enjoy & anticipate listening to your podcast’s weekly. My question is concerning investors/venture capitalist. We are a young construction company with incredible year over year growth even during the recent downturn. We have opportunities for growth in the Permian basin that requires us considering a capital injection if we are to take advantage of opportunity. Banks are risk averse & require excess collateral, factoring working capital companies exclude “progressive” construction companies such as ours. It appears that our last avenue is investors/venture capitalist’s if we are to continue on our current growth curve. Any assistance, advice or information will be greatly appreciated
Hey guys, so my question pertains to big data in respect to the future of reservoir engineering and it is quite long so please feel free to pick and choose what, if anything, you’d like to answer.
My questions are as follows:
(a) What role, if any, do you think big data analytics will play in the reservoir engineering of unconventional reservoirs? Specifically, what are your thoughts on the increasing need for new reservoir engineering techniques in evaluating and managing the complexities of unconventional reservoirs? i.e. Organic-rich shales
(b) If so, what do you think that transition will look like? i.e. Will existing reservoir engineers have to make the transition from conventional methods? How so? Or will there be a new job opening for data scientists in the industry?
Finally, I would also like to take this chance to ask if you guys would be interested in scheduling a “Tech Talk” with The University of Oklahoma’s Society of Petroleum Engineering Chapter. These meetings usually field about 100 or so students who are petroleum engineering majors or are interested in the petroleum industry. If so, please send me an email and we can discuss it in further detail.
Weekly Rig Count
As of 4/7/2017 – The American Rig count is +15 for the week at a total of 839 active rigs.
Redwing Has A Winner!
Nathan Olson, Derrickman with Cyclone Drilling, you’re this week’s winner! Congratulations & please send us a picture when it arrives!