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

Torchlight Energy was awarded a New Field Discovery designation from the USGS for the Orogrande Basin in West Texas. They have about 150,000 acres out there, and have both oil and gas to the surface. Sounds like they are negotiating with several of the majors, Has there been anything comparable done in recent history? Their geologist is the same geologist that discovered the Wolfbone play, and has described this as a billion barrel find. What could this be compared to, in terms of modern discoveries?

I’m from Guyana, South America. We’ve made 10 discoveries in the last three years and we’re ranked among countries with the most discoveries. As a frontier country there is a lot of excitement and a lot of skepticism (especially by the citizens). My questions:  1. what is Guyana’s impact, if any, in the overall industry? 2. what are important considerations for frontier countries heading into production? Guyana is scheduled to begin production in the first quarter of 2020. 

Hey guys, love the podcast. I lead our sales force for Emerson in the Permian and moved to Odessa 5 months ago without a ton of Oil and Gas experience. The podcast has been a great way to get up to speed! We are very strong in Upstream Oil & Gas as we provide a ton of measurement devices, control systems, and valves to operators in the Permian. We just opened up a great new Service Center where we are providing training and local inventory for the Oil & Gas industry in the Permian Basin.  I know on a recent show you guys mentioned wanting to host a show on the road, would you be interested in doing the show from our new center? We are having a huge grand opening event on March 1st and will be having a cookout in the afternoon. I know you mentioned working on a Permian perspective podcast, this could be a good way to network with the local Oil & Gas workforce in the Permian! Let me know if there would be interest.

Great show! I’ve been listening a couple of years now and am excited every time a show is posted. Just some background… I have 16 years of experience in GIS and data management/research and currently maintain the GIS and data assets for an investment bank here in Houston. I made the move a little over a year ago from a well known operator and have been amazed at the incredible lack of data that various organizations have for land, operations, and marketing that operators have. In fact just before leaving industry, I completed my MBA in which my final project was a change management process to tie land and reservoir engineering into a cohesive dataset that both departments could access and analyze. It’s still hard to believe that with all available technology that data siloing, lack of cross departmental communication, and operators not entirely sure where their leases are located is still such an issue. Do you all see an end to this in the future? Thanks guys and keep up the great work.

I wanted to get both of your thoughts on the potential for the acquisition and development of DUCs in 2019. DUC totals have been climbing for years, but are at a point where folks in the industry can identify and analyze trends.