C.O.B. Tuesday

C.O.B. Tuesday Ep. 76 On the Road: Weld County, CO "Feed the World, Fuel the World"


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Tuesday was incredible. We traveled to Denver and drove about an hour to Greeley, Colorado. Greeley is the largest city (population of ~110K) in Weld County (~325K people). We went to Weld out of pure fascination - fascination with the county that produces over 80 percent of the oil and 60 percent of the total oil and gas in the state. It is a part of Colorado that loves ranching, agriculture, oil and gas, and the land itself. We loved every minute of our full day visit.

We start off at Stockman's Café. The owner, Pat, served us hot coffee and made room as we shot the opening market segment in a prime location in the corner of her diner. From there, you will see we went to seat of local government and met two of the five Weld County Commissioners, Mike Freeman and Steve Moreno. There are three districts in Weld, each with a Commissioner. There are also two At-Large Commissioners. These five individuals handle all of the government business in the County. It's a fascinating and seemingly very effective form of government.

You'll see we went back to Stockman's to meet with not only the County Commissioners but also Greeley City Council members including the County Attorney, Bruce Barker, the County Head of Planning and Building Services, Tom Parko, Director of the Weld County Oil and Gas Department, Jason Maxey, and a current Greeley City Councilman At-Large and former Mayor, Ed Clark. The food, the conversation, and real world grit were all fantastic. Weld County is "Can Do" America.

We concluded the day with a visit to a drillsite. The PDC Energy team was kind enough to give us a tour of their Thunder Rig site. The people there could not have been nicer nor could they have been more proud of what they are doing. Visiting an active rig is a reminder of the hard work and determination it takes to fuel a nation.

In our lead in this week, you will hear we hit some big topics: Mike Bradley shared a brief oil market update and passed it to Craig Webster for a briefing on the recent IPCC report. Colin Fenton looked in his crystal ball to preview a picture of what the future might look like and also took a look back at what has happened in 2021 so far. Also joining us today for his first COBT appearance is Jeff Knupp who as you may know is the head of our Denver banking office and has led all of our DJ Basin projects.

From this week's video we hope you get what we got - a big dose of enthusiasm for what's possible in "Can Do America."

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Copyright 2021, Tudor, Pickering, Holt & Co. The information contained in this update is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. This update is designed to provide market commentary only. This update does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing contained in this update is intended to be a recommendation of a specific security or company nor is any of the information contained herein intended to constitute an analysis of any company or security reasonably sufficient to form the basis for any investment decision. Past performance is not indicative of future results. Tudor, Pickering, Holt & Co., and its officers, directors, shareholders, employees and affiliates and members of their families may have positions in any securities mentioned and may buy or sell such securities before, after or concurrently with the publication of this update. In some instances, such investments may be inconsistent with the views expressed herein. Tudor, Pickering, Holt & Co. may, from time to time, perform or solicit investment banking or other services for or from a company, person or entities mentioned in this update. Additional important disclosures, including disclosures regarding companies covered by TPH’s research department, may be found at www.tphco.com/Disclosure. Tudor, Pickering, Holt & Co. (TPH) is the global

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