First Friday Q&A on Oil & Gas This Week – OGTW152

Welcome back to another episode! This week’s episode is our First Friday Q&A for September. 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:

The most recent podcast episode (week of July 22nd) had mentioned getting involved with student organizations. Although I’m not an ‘undergrad’ student, this is a great idea.

However, I’ve noticed the lack of knowledge, resources, and recognition of the midstream & downstream industries within oil & natural gas. I used to work upstream prior to the downturn in 2014/2015, but have since moved downstream. I’m positive I’m not alone in having to leave the upstream space during the downturn. Various other colleagues & classmates have left upstream, and continue to work in the midstream/downstream space. I realize much of your information & side-businesses are dedicated to the upstream space, however, I feel there is great opportunity to involve the other areas of O&G. Personally, I’d love to see more coverage and talk about the midstream/downstream spaces and I’m sure hundreds of thousands of other individuals who have been pushed out of upstream would agree. On a side-note, one of my long-term goals throughout my career is to bring more funding & awareness to college programs for midstream/downstream O&G industries. With this being said, if there is anything I can do to assist, please don’t hesitate to reach out.

What are your thoughts on Colorado’s initiative 97?

Do you think the industry as a whole could absorb all the lost jobs this extreme setback change would incur?

Im a new listener – 4 episodes in – and Im pretty much hooked. You and Jake do a great job of giving actionable insights but still from a 10,000′ perspective on a broad range of topics. I haven’t been able to find this anywhere else

I am an OCTG distributor so my question is about tariffs and their impact as the only notable headwind to global growth AKA global oil demand. Can you dive deeper into why these tarrifs will or why these tariffs wont affect the price of oil in the next 6-12 months? or X amount of time period?

Why is there such a huge move against the shale energy boom in Europe (I seem to be the only person supporting drilling for it in The Netherlands)?

Hey guys! I work in the deepwater oil & gas production field, specifically in the production chemical industry. I really enjoy the podcast, it helps me keep up to date on industry highlights. Keep up the good work!

On to my question: I enjoy reading with what little spare time is available, and prefer to focus on continuing my education about my specific sector of the market, and the upstream business as a whole. Best two so far have been “The Prize” and “Exxon Mobil, A Private Empire.” Do you have any suggestions on other good books? Specifically, some suggestions on deepwater upstream production would be greatly appreciated.

Hi Mark and team. Love your show and I had the privilege to meet your team in person.

I have a question. From what I’ve seen efficiency is the name of the game but I see that there are many jobs in the oil industry, Middle management jobs; that exist just because the model is flaw. Example you need a coordinator or middleman to assign resources to fulfill and purchase order. And that middleman uses an excel spreadsheet and takes decisions base on his own experience. This sometimes is not efficient. Where do you see the next wave of efficiency arriving in the oil industry?

First off, great show. It’s helpful to guys like me, in the field that gets minimal exposure to the business side of the industry

Second, what advice would you give someone wanting to transition from a field position to following down the same path as Jake?

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As of 09/07/2018 – The American Rig count is 1158 active rigs.

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