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:
With the information overload about what is happening with OPEC and how exports are affecting price per barrel in the US, can you please just dumb down the whole thing and explain what is happening at a high-level and why it’s affecting oil prices in layman’s terms?
In addition, I would also be curious to hear what the possible scenarios look like moving forward regardless whether they are positive or negative for our industry. I keep hearing mixed messages from people I know in the industry that seem to understand what is going on but have totally different perspectives on what the future will look like the remainder of this year and into next year..
Love the show, definitely learned a lot about the industry during my morning commutes to work/school, keep up the great work.
I am a Junior Chemical Engineering Student at Texas A&M University. My first question is do you think LinkedIn is a resourceful website when it comes to reaching out to recruiters when it comes to searching for a job/internship?
(You can answer this one if the second question is too long)
Recently I came up with an idea for a carbon sequestration process. I have my own research group at Texas A&M which will study this process further for potential industrial use. The premise behind it is that we will take CO2 from flue gas and turn it into a material that can be sold after a certain reaction is done.
My question to you is this: Is there a market for this idea considering that the final product would be produced in mass quantities and thus decreasing its market value. If things really take off, and yes I know I have a lot of work to do still, is this process really worth it? Is there a market out there?
I’m a new listener and really enjoy the podcast. On the episode that kicks off with the EQT/RICE deal you were talking about your doubt that oil & companies will utilize AI by 2020. I’d agree it sounds pretty far fetched, but the contract drillers are already doing some interesting things with cognitive learning. Check out page 27 of Precessions investor deck:
I live in Saskatchewan Canada and I listen to your podast all the time, even won one of the offshore bags (thanks for that, it’s awesome). But I’d like your take on the following article…
On a bigger note, I’d like to hear what you think the difference between Canada and US is in regards to the Oil & Gas industry, what I should be looking for as opportunities or even where you think the future is in Canada at the moment.. Kind of a 30,000ft level.
And since I’m writing, I’ve got one more question. What’s happening with Crescent Point? There was an article roughly a year ago saying they we the best oil & gas company in the world. You refuted it a little saying Exxon (I think) was but still very impressed with CP. Their share price has done nothing but fall from that time and I’m wondering what you think of them now.
I recently started listening to your podcasts and I find them very valuable. I’m college a currently college student at NYUs Stern school of business. I invest in fracking companies in the US, trying to find undervalued companies.
I am still relatively new to the industry, and would like to ask if you have an recommendations of books that I can teach myself about the industry on a more in depth level, as well as familiarizing my self on the new technology being used, specifically about what you guys were discussing about the algorithms.
Also do you guys have any insight on company’s like OAS and WPX. OAS posted a better than expected income but the share price dropped which is absurd.
Kaneka currently does no advertising and we are now trying to get our name out there to the oil and gas industry. About 30% of our product in the division I work in, Apical, goes to oil and gas. Apical is a polyimide film that is used in drilling equipment because of its ability to withstand extremely high temperatures and pressures underground.
Please let me know what we can do to get our name out to companies in this magazine.
I’ve heard Mark talk about how expensive oil is dead. Deep water, Ultra deep water, oil sands, etc. What role do you think technology will play in bringing these resources back to the market, and when do you think it will happen? Keep up the great work guys!
I’m in sales leadership for a large service company that has a strong market share globally. And we’ve done okay even through this downturn. However I’m concerned that even though our marketing budget has basically remained the same, the results they drive decrease every year. And even though I have asked the question a dozen times, nobody can explain what is going on. Is this just us being an isolated case, or is this a trend in the industry? Any help that you can provide would be very appreciated. Love the show, just did not want this to get back to my management team
Weekly Rig Count
As of 8/10/2017 – The American Rig count is 1009 active rigs.