Welcome back to another episode! This week’s episode is our First Friday Q&A for July. 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:
I’m a landowner in the Permian (S. Midland co). I love listening to you guys to stay up to date on the industry and hear what’s going on outside my bubble. My family has lots of surface acreage so our main bread & butter is SWD’s and selling water. How do you see the future of water with reference to fracking, and how would a landowner get ahead of the curve? I hear a lot about how water will be used and recycled.
Also, what would be a good entry position for someone wanting to get into the O&G industry?
I am pleased to contact you for the first time, and to tell you that I am a great fan of your shows for they are really of an outstanding quality, unique in the whole podcasts environment, being very much informative giving us a clear idea of where is the industry right now and where is it heading to. It helps in making decisions.
My question is oriented to the issue of data, technology, and information sharing, addressed in your show OGTW146 (between min. 6 and min. 8.).
I wonder if webGIS platforms are a good way of solving such a problem, having the company data, especially the interpreted and analyzed data, visually available in a simple form, and being accessible via a hyperlink. It can be time-consuming to produce such a product for the first time, generating a visual database and links to the folders, but after that, you just have to open the link and search your area, click to see what has been already produced, its outcomes and dig in or call the correct department if you want to learn further. Do it once and you save the time for the rest who are coming next.
This data is normally saved in format of reports and presentations, lost in the database folders. Having someone merging and linking the results could be of great value for all.
Now my question: Is that a correct approach? Are all the companies already doing it? Would I be able to sell such a thing? What are your recommendations?
With more and more operators reclaiming their own used water, how does a small outfit (landowner) contribute to the recycling cause / get in on the action?
With all of the talk about pipeline capacity being maxed out in the Permian, I’m wondering- did they have the same problem back in pre-bust 2014 or is this a “new” problem? In other words, how did we find ourselves here? Surely someone saw this coming but the industry didn’t seem to react. Presumably, the downturn curbed capital investment spending, but I’m wondering what other factors are at play here.
I have a question related to the June 18 podcast that said the Permian pipeline capacity would exceed supply around the end of 2020. What was this forecast based on? Also, Pipeline contracts are long-term and may not allow Operator to benefit from more capacity and lower transportation costs.
Given the easy shale plays in North America (better drilling technologies (fracking etc.) driving costs down and increasing output) what are your thoughts on the future of offshore drilling and production where costs are still very high comparatively?
Also, will the same ‘shale boom’ that occurred in North America repeat elsewhere in the world; which would in turn continually subdue the offshore drilling and production market indefinitely?
My name is Mitchell Fly & I’m an intern with Noble Energy this summer. I had the opportunity to hear you guys speak this morning and I appreciate all of the insight y’all shared with us.
I’m about to head into my senior year of petroleum engineering at Texas A&M. I enjoy researching different facts and discussion topics in the oil and gas industry and was fortunate enough to get second in the Student Paper Contest in the Petroleum Department at A&M.
With that being said, I was wondering if there is any way at all that I can volunteer for the podcast, whether that’s researching different areas, polling students on campus (both in the department & out of it), or anything else of interest.
I think that oil & gas will continue to be the future, but as y’all mentioned today, public opinion on it could be very dangerous. I see your podcast as a method of informing the public and bettering the image of the industry and I would like to volunteer to help anywhere I can. Regardless, I’ll still remain an avid listener and will spread the information y’all share when possible.
Weekly Rig Count
As of 07/27/2018 – The American Rig count is 1139 active rigs.