August 14, 2017

First Friday Q&A on Oil & Gas This Week – OGTW121

46 minutes

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!

Have a question? Click here to ask.

Show Notes & Links:

2017 on the road sponsors:

Totaland

The World’s Most Advanced Field Land Management System

The Landman’s Virtual Office

https://www.totaland.com

Lee Hecht Harrison

As global experts in talent management, LHH is currently helping 75% of the Fortune 500 Oil & Gas companies simplify the complexity of leadership and workforce transformation.

http://www.lhh.com

API-YP Events

Questions:

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..

With the shortage of talent in oil and gas industry why are companies not streamlining their application process and using new technology . Nobody wants to sit in front of their computer for three hours anwering behavioral questions just to wait another month for a background check

Hi guys,

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:

http://s2.q4cdn.com/639056707/files/Precision-Drilling-Corporation-July-Presentation.pdf

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).

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By Mark LaCour & Paige Wilson

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