First Friday Q&A on Oil and Gas This Week – OGTW139

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Questions:

Guys, great show as always long time lister and I have three questions for you. When you look at the geological map of the US, there are five major basins. As a native of Illinois, The Illinois basin or New Albany shale at one point was the second producing field in the 80’s. So any reasons there’s little to no activity in this field with the latest horizontal extraction methods and price of crude going back up? Can the state of Illinois generate revenue by attracting producers with incentives like taxes because they sure aren’t getting out of debt selling cheap bonds.

Good day Mark and Jacob, My name is Roman Demchenko. First of all, I would like to say thank you for all the work you are doing on the podcast. I am a long time listener of yours and it is my favourite Oil & Gas related podcast (by far). I have discovered you by iTunes for about a year ago and have been listening since then.

I am currently working for the developing company called PetroHub based in Stavanger, Norway. Our company is a new generation B2B digital platform dedicated to buyers and suppliers in the global energy industry. Our primary goal is to digitalize quite conservative and slow oil & gas industry on procurement and marketing sides. We do it by means of online platform that puts industry suppliers in one place and provides them with multiple channels to represent their abilities and showcase their products and services to the industry buyers. We also provide possibility for buyers to submit Request for Quote (RFQ). RFQs are visible to all suppliers, and registered suppliers can bid on relevant to them RFQs. (You can visit www.petrohub.com for more info if needed). We are currently working on several additional solutions including PetroHub mobile app. Our target right now is Norwegian, UK and European market primarily. Our main push right now is to expand our online presence and attract more traffic to the platform making it into a big O&G hub as we intended it to be. I believe that your podcast is mainly catered towards to US market and the majority of your listeners are based in US. I think that a lot of information that you provide is very relevant to O&G industry in Europe. As we are mainly catering European market, we are wondering if you would be interested in a partnership of any sort? We could, as you say in the end of every podcast, “pay it forward” and start sharing your podcasts on our platform and help you increase your presence towards European listeners if you would be interested. Hope to hear from you soon.

Mark, I am new to the industry and I am trying to find my niche and how to be the guy companies go to when needing pipe,valves and fittings… I have done most of my networking through LinkedIn, which has been pretty effective. Do you have any suggestions on how to reach more people and make a strong connection?

Your 2018 predictions #1 cited a 1,700% increase in online supply chain searches. What is the source of that statistic?  A good friend sent me your podcast and it is great.

Mark how do you suggest I proceed to find a job in O&G near San Antonio? Is there a way to contact recruiters that can assess the best fit? I’m going to listen to those old podcasts you did early on. Thanks for your help!

With all the advances in technology, what do you think the future hold for engineers in oil and gas? Fricking love the show by the way!

What do you think is going to happen with the intersection of the Oil and Gas venture capitol groups and the Oil and Gas industry as a whole? Also (and I’m not getting political) what do you see happing with women in our industry?  One last thing. We want to know who can bench press more. Mark or Jake 🙂 Keep up the great work, you have a ton of fans here!