In this episode, we sit down with Matt Elbert, the CFO and CRO of Tachyus, to discuss how technology is transforming the oil and gas industry. We delve into the critical role of data science and explore how Tachyus is actively working to reduce global emissions. Tachyus has honed its expertise in data-driven reservoir management and greenhouse gas monitoring, specifically tailoring its solutions for the oil and gas sector. Through cutting-edge predictive modeling and data analytics, the company aims to set a new industry standard, particularly in enhanced oil recovery (EOR) and offshore operations.

https://www.tachyus.com/
https://www.linkedin.com/in/mattelbert/

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Navigating digital transformation and energy transition presents a unique set of challenges for companies in the oil and gas sector, including effective technology use, data analytics management, and smooth strategy implementation, all compounded by a shortage of specialized IT advisors with industry expertise. Activera Consulting specializes in IT advisory services for the oil and gas sector, aiming to create a measurable impact on clients by optimizing people, processes, and assets. They offer custom-tailored solutions to help companies adapt and succeed in a rapidly changing digital environment.

https://www.activeraconsulting.com/
https://www.linkedin.com/in/tommyogden/

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Many oil and gas companies grapple with inefficient production processes and operational challenges. Issues like high energy costs, limited accessibility to electricity in specific drilling locations, and the environmental implications of flaring and venting associated with gas make it crucial to find innovative solutions. SH Controls and VSH Inc. have developed a hydraulics-based technology that has been shown to increase oil well production by at least 20% while being cost-effective and environmentally responsible.

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Traditional refracing in the oil and gas sector has limitations, often missing up to 60% of reserves when establishing new adjacent wells. Triple R Energy Partners has researched alternative methods to address these challenges. Bob Barba and his team provide operators with the needed expertise to navigate these complexities, aiming for a more comprehensive approach to oil and gas recovery.

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00:00 - Intro
01:03 - Guest Introduction
01:36 - Understanding Refracs
04:07 - Average Recovery Factor of Wells
05:52 - Recovery Factor of Refrac Wells
13:23 - Industry Implications
17:57 - Environmental Impact
21:48 - Refrac Process Overview
23:31 - Funding the Refrac Process
25:50 - Evaluating Refrac Effectiveness
27:41 - Refract’s Business Model
28:33 - Refract's Operational Strategy

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Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

In this episode, we sat down with Eric Rambech, co-founder of Endrava, who detailed the company's journey from a consulting firm to a tech enterprise focused on monitoring global industrial CO2 emissions. Their platform, CaptureMap, is designed to help companies identify potential decarbonization projects. With ties to Norway, the conversation also touched upon the country's efforts in sustainable energy and offshore wind turbine advancements. The overarching theme highlighted the significance of continuous feedback, refining business strategies, and the vital role of capturing and minimizing CO2 emissions.

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Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

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The energy sector, especially oil, and gas, has been hindered by the lack of streamlined and integrated analysis tools, making it challenging to effectively evaluate transactions and adapt to client needs in a rapidly changing industry. Enter 4Cast, a cutting-edge platform designed specifically for evaluating oil and gas transactions, a solution that aims to revolutionize the industry by providing the required integration and streamlining processes.

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The oil and gas industry is fraught with challenges, especially regarding the transparency of transactions in Texas. Producers often struggle to ensure they're getting the best prices for their oil due to the complexities of gathering relevant data. Barrel Hub's software, as introduced by Luther Ott, is designed to transform these challenges by leveraging public legislative mandates, promising a more transparent transaction environment, and ensuring that producers receive the best prices.

Learn more about Barrel Hub: https://barrelhub.co/

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00:00 - Intro
01:52 - What is BarrelHub
04:00 - Transparency in Oil and Gas Industry
10:58 - Future of Oil and Gas Industry
11:53 - Getting into the Energy Industry
19:55 - Involvement with NASA and JPL
22:05 - Involvement with LDV
23:45 - Origin of Barrel Hub
26:50 - Why Barrel Hub is Underpriced
31:40 - Ambitions for Barrel Hub
37:35 - Future States for Expansion
39:45 - Using Your Own Visualizations
41:25 - Finding Bill
43:50 - Contacting Barrel Hub

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Building digital twins of oil terminals, refineries, and even nuclear power plants sounds futuristic, but that’s exactly what HyBird is doing. Using laser scanning, video, and photogrammetry, they create ultra-realistic 3D models to transform how these facilities handle maintenance, inspections, and operations. Ahmed Hadid shares how he and his co-founder Mo turned a university project into a full-blown maintenance management solution, all while navigating the chaos of early COVID days and running lean as a startup. From finding product-market fit through hands-on sales to hiring the right team and joining the Techstars Space program, Ahmed dives into the grit and grind of building a company for complex industrial enterprises—and why having investors who roll up their sleeves matters.

Learn more about HyBird: https://www.hybirdtech.com/

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The oil and gas industry is grappling with a workforce shortage and the need for efficient data collection, transfer, and control systems. Traditional methods of regulating artificial lift types, a crucial process in oil and gas extraction, are proving insufficient for the growing demands of the industry. Austin de Graaf, an engineer and oil field operations expert, shares his insights on the Boomerang system, a cutting-edge technology aiming to revolutionize oil and gas field operations using cloud-native microservices and an edge device for efficient data collection, transfer, and well control. The system uses complex control to regulate artificial lift types, an essential oil and gas extraction process. By incorporating machine learning and AI, Boomerang plans to develop more intelligent control systems in the future.

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In this episode, we sit down with Scott from Latham & Watkins to uncover what it takes to build and scale a high-growth oil and gas startup. From setting up the right legal structure to preparing for a successful exit, Scott shares essential advice for navigating the complexities of the industry. We dive into key decisions like choosing between an LLC or Delaware C Corp and the critical timing of filing an 83b to avoid tax headaches. The conversation touches on equity distribution pitfalls, the strategic use of RSUs to attract top talent, and how external funding transforms the dynamics of running a business. Scott also pulls back the curtain on the realities of the exit process, from venture capital expectations to IPO challenges, emphasizing the importance of early preparation at every stage. This is a must-listen for anyone looking to thrive in the oil and gas startup world.

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Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

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