Ever wondered about the Permian Basin or how oil really works? In this episode of Energy 101, Jacob and Julie ask the "dumb questions" so you don't have to! Joined by expert Shad Frazier, Senior VP of U.S. Onshore Operations at Apache, they explore everything from the history of the oil industry to the secrets of the Midland culture. Learn about the difference between conventional and unconventional drilling, the surprising stories behind mineral rights, and why the Permian Basin has been a global oil powerhouse for decades. Whether you're curious about West Texas' booming economy, cutting-edge oil tech, or just want to know why there's a coffee shop called "Boob Town," this episode has it all. Packed with fascinating insights, wild stories, and a touch of humor, it's a must-watch for anyone interested in energy, history, or just a good laugh. Dive in and discover the truth behind oil, answered by a real expert!

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00:00 - Intro
00:22 - Permian Basin Overview
02:09 - Sub Basins Explained
04:01 - Santa Rita Well Insights
06:49 - Understanding Mineral Rights
11:05 - Global Oil Production Challenges
12:45 - Midland Schools Discussion
18:18 - Midland’s Systemic Issues
21:10 - Transitioning Back to the Permian
23:55 - Conventional vs Unconventional Oil
28:34 - Profitability of Old Wells
31:16 - Technology in the Oil Field
35:40 - Future of the Permian Basin
37:00 - Landman React
57:00 - Outro

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