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

Questions:

Hey Jake,

Are you still looking for crowdfunding for Wellhub?

If so what is the website again?

First off great podcast very informative. I’m hooked. Keep it coming.

I’ve been in O&G 20yrs In Maintenance with texaco, chevron and valero in the UK but now in Qatar. Question I’m in the GTL business our primary business is high quality Diesel with a few other side streams.

Where do you guys see the diesel market in next 5-10+yrs with anti-diesel sentiment in the U.K. and the EU? I’m not sure US future plans.

When I was in Refinery operations we never heard that diesel was a poor product to produce. Yet in qatar the word is the requirement is in decline and more so the last 12 months?

Any thoughts? Scaremongering or reality?

Love the show! My question is about data. My company generates a lot of it and, as an engineer, I’m always trying to think of ways to sift through that data to pull out meaningful trends that will help us run our business more efficiently. Trouble is, the data is often being gathered and stored by discrete databases used by different work groups instead of one central database. Do you have any advice on how to good data mining software that can pull from different databases simultaneously?

I’ve been investing for the last 2 years now and the desire of owning a oil/gas service business usually occurs to me on a regular basis, along with mining. The business would hopefully allow me to leverage my time and use the proceeds towards my investments. Would you be able to give me insight into what I could do with a a small-medium investment? Thank you!

I have pretty extensive experience using data to bring insights to life within the oil and gas realm. One thing I think most outsiders miss (referring to Silicon Valley) is that our animal isn’t standard. What I mean is, manufacturing, app development, retail, etc. can all be measured easily. The industries have standard definitions and less changing pieces. Using data to gain insight in oil is much harder than most other industries because of that. Due to innovative competition, we lack a lot of standardization across our data.

Part 1) Do you ever see data definitions becoming more standard? PPDM is trying, but not really succeeding. Or do you think the nature of oil and gas will always limit the collaboration and standard definitions required for big data to be as beneficial as it could be?

Part 2) There seems to be a huge disconnect in most companies between the IT departments and the needs of the operations teams. Do you see the same disconnect? And if so, what are some recommendations on how to bridge that gap?

First, let me say thank you for doing an amazing job with this podcast. I'm new to the world of podcast, and this show is the first one I have listened to. I am hooked.

My question is this, with all the talk about the big oil plays ; The Permian, Bakken, STACK, Eagleford, what do you feel is the future for the small "stripper" fields? My family homesteaded in the Texas Panhandle during the oil boom of 1928, and we have been a producer ever since, but it seems that all the big players are moving out and seeking to find the next big thing.

This is not only a concern to me from a producer standpoint, but from a service company as well. As we expanded into Acidizing in the late 80's. Thanks in advance.

I have been hearing quite a bit of news about block chain recently, and how it may affect the landman profession (there was even a recent article about this in the Landman Magazine). How do you believe block chain will affect landmen going forw...