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!
Have a question? Click here to ask.
Show Notes & Links:
2017 on the road sponsors:
Totaland
The World’s Most Advanced Field Land Management System
The Landman’s Virtual Office
Lee Hecht Harrison
As global experts in talent management, LHH is currently helping 75% of the Fortune 500 Oil & Gas companies simplify the complexity of leadership and workforce transformation.
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Questions:
I hear you keep saying that sales and marketing folks need to be on social media. Could you please elaborate on this in a little more detail? I am a millennial and I understand social media, but B2B on social media is not quite as straight forward as B2C. For starters, many of my customers are not on social media. And secondly, those that are on social media are on it for personal interests and not for business. I suppose LinkedIn is considered the B2B social media, but it seems like the only people who are active on it are other salesmen. The customers are active on Facebook, Twitter, and Instagram. Is this a fair assessment? And how do I reach them effectively, since they are on Facebook/Twitter/Instagram during personal hours.
I’ve searched long and hard but have not found a good resources for helping me do B2B marketing via social media. Any help would be appreciated.
After the blockbuster acquisition of Rice Energy, EQT has become the largest natural gas produced in the United States. This was the last in a number of basin consolidation acquisitions by EQT over the past two years, which, including the Rice deal, total more than $10 billion.
With oil stagnating at best around $40, do you foresee one of the majors like BP or Shell to swoop in and establish/regain an Appalachian footprint to at least better balance their sheets from a oil/gas perspective? Shell obviously has a vested interest in the region due to their multi-billion dollar cracker facility in Beaver County, PA.
It seems like Marks recent comments about climate science struck a nerve with some folks, enough to make them go back and change their rating for the podcast.
Why do y’all think climate change has become politicized? In other words, how did this topic go from being a scientific discussion to a political debate and why are people so divided over it?
I’m new to your podcast, and I can say with confidence that it’s very well constructed. My question for you is, being fairly new to the oil and gas industry, how would I be able to do my own due diligence to be knowledgeable of the sector and find opportunities for myself. Just some personal info: I am in 2nd year and work part-time.
I am a lawyer in Beverly Hills. We have a client who plans to buy gasoil from refineries in India and ship it to other countries. I’m looking for information about two topics:
1. Price Term.
Do refineries use fixed prices for 12-month contracts, or spot price, or is that just the subject of negotiation? Also, where would one find reliable the prevailing fixed prices for long-term contracts? I know about Platt’s.
2. Supervision.
We want someone to oversee and supervise the process, from the time the gasoil is loaded onto the ships until it is delivered to other countries. Do you know of any companies that provide that service?
Thanks in advance for any guidance you can stand to provide.
Also, I really like your website. I found it by Googling “oil and gas experts.”
Hey Mark, I want Jakes input on this. Although you can chime in later.
Jake, as an organization we are constantly looking for new technologies and processes to drive better and better business results. However we also understand that unless we can attract the right people, the technologies and processes don’t really matter. Because without the right talent, the needle never gets moved.
What do companies need to do in order to attract this new and younger workforce? And do you think that the large super-majors are at a disadvantage, when competing for mindshare next to the smaller but more nimble tech companies in Oil and Gas?
Keep up the great work guys. We all love your show!
Hi Mark/Jacob – I’m currently judging/advising in a business/startup competition (not oil and gas related at all). I was wondering if someone does this kind of thing in the oil and gas industry. The one I am involved in is basically a way for entrepreneurs to showcase their company, get advice from professionals and exposure to potential early stage investors, etc. I think there’s a business pitch thing at OTC but what I am doing takes place over several weeks/months.
Just curious. Thought you guys would know.
Mark and Jake, absolutely love the show! I hear you two talk often about how new technologies are entering the Oil and Gas industry. And I see it too. My question is what do you think this trend will do to the culture of our industry? Do you think it will make no impact? Or will it change for culture in some way? Keep up the great work!
Weekly Rig Count
As of 7/17/2017 – The American Rig count is 1026 active rigs.
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Unconventional Resources Technology Conference
When: July 24-26
Where: Austin Convention Center, 500 E Cesar Chavez St, Austin, TX 78701
Dress: Business to Business Casual
Shale plays continue to hold a significant place in the world’s energy future. URTeC is the only event that brings the entire assent team together under one roof to connect on all things unconventional. Anchored by the Society of Petroleum Engineers (SPE), the American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG), plus eight of the world’s leading professional organizations, it remains the most vibrant and vital event that every upstream energy professional should attend because its collaborative platform and innovation exchange sustains and propels the industry’s ongoing success. http://urtec.org/2017/
MW Networking Lunch
When: Wed July 26, 2017 11am till 12:15pm CT
Where: Gloria’s Latin Cuisine, 2616 Louisiana St., Houston, TX
Dress: Business to Business Casual
One of the Godfathers of the Oil & Gas industry started this many years ago, and now its hosted by Oilfield Portal. You buy your own meal and I’ve seen people find clients, jobs & share business contacts and leads. The goal is to foster and build new relationships that will help you grow your business. Click here for the flyer.
EnergyFunders Petroleum Club Launch Party *Accredited investors only
When: Wed July 19, 2017 5:30-8pm
Where: Petroleum Club in Houston, TX
Dress: Business to Business Casual
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