Oil Intel

The oil and gas market is intrinsically volatile. The fundamental principles of supply and demand are always testing the agility and financial health of businesses operating in the sector. Two essential products, oil and gas generates over $3.3 trillion dollars* of revenue annually in the EandP space (*IBISWorld). While the Majors control the lions share of that revenue, private businesses can clip off a portion of the market to generate returns to their investors. For the most part (some exceptions aside) downturns like the one we are in highlight the most resilient and disciplined groups in the market.

In this podcast we have a chance to sit down with one of the leaders in the private non-operated Oil and Gas acquisition space, Luis Rodriguez from Raisa Energy. Luis and his team are at the forefront of utilizing advanced technologies to predict operator movements and target the best rock in the country. With such focus, Luis has successfully established 3 rounds of funding under Raisa, with a fourth in the works. His technical prowess coupled with his truly humble approach to leadership has made Luis one of the leading names in the non-operated interest space, and one that we will all come to know well in the years to come.

We are joined by Evan Anderson, guest-host of the podcast and founder of Oseberg, to help focus in on the key lessons that Luis can share with anyone looking for some extra inspiration in their lives during these turbulent times.

TRANSCRIPT BETA

Disclaimer: Our transcription software is in beta testing mode, using NLP and AI to convert our conversations from audio to text. We openly admit that at present, the output quality is poor, with numerous errors throughout (some of which are hilarious in nature), however, we would like to release this information should it be of value to any users.

With the help of time and money, we plan to increase the quality of this output as we build out sponsors that help support the growth of the show.

Evan Anderson: You know how you you know, what your journey look like for Well Services to a p back not up minerals fun. And you know what role if any Alex played in that and you know, I've read a little bit about how he's played a mentor to you and I'm curious as to how he kind of shape your professional development.

Luis Antonio Rodriguez: True. I appreciate being able to share and a little bit less. Well, I guess Well Services I have to say is is both an interesting place to stop and a tough place to Pivot from I couldn't be more grateful for the opportunity that Columbia gave me. to be able to come abroad from the hardships that were being endured in Venezuela at the time and the fact that you know, they have a very unique system of really creating opportunities and a passport with which to enable a person to enjoy success in any part of the world at the same time, I think as Look to transition from services to you know, the EMP side. It wasn't it wasn't an easy and easy transition because it's really seen as to almost completely different businesses one invests heavily in RandD and is really tied to execution of services. The other one is more of an understanding of risk and underground risk and asset management. Management and so it was a it was an important step for me to be able to go to Brigham and then giving me a chance to in some ways take a small step towards a closer point of contact with the NP and then when I began rise up in late 2014 likes was one of the instrumental persons in giving me a chance both with his time. As well as capital in order to start Riser one. And so thankfully he's been a person not only that took that initial step but has taken many steps to be on that to support us and or hold us accountable to always look to Endeavour above and beyond where we're at.

Evan Anderson: Absolutely. What was your what was your investment thesis or you know, what was the bridge between Brigham and and in erisa?

Luis Antonio...

The future is shaped by the innovators of today. What is novel and experimental today can become the norms of tomorrow. With a little bit of luck, and a whole lot of hard work and concentration, those with a great idea or product can be the inventors of the future. It’s what makes the democratic system of North America so great, the idea that any man or woman, rich or poor, can forever transform the way we conduct our business.

In this podcast, we get to meet one of those inventors, Ian Cunningham. Ian and his team at Wave 9 are working on transforming the way we manage and operate oil and gas sites. With a blend of network-enabled tech, wireless sensors, a lean process, and an intuitive, no stress software approach, Wave 9 just might have come up with the next technology that will be deployed on a large scale throughout Canada and the US.

Pioneers in the energy tech space are challenging the upstream market to modernize through advancements in technologies. Compared to other major sectors of the economy, the oil and gas industry is laggard in its adoption of technology, with huge opportunities for automation and connectivity waiting on the sidelines.

Those early to enter with oil and gas technologies are paving the way for others to follow, working on creating a change in culture that is receptive to technological integrations. The biggest challenges these leaders face are siloed data systems, antiquated filing/storage practices, and cultural resistance to change.

In this podcast, guest-host Evan Anderson CEO of Oseberg joins the show as we sit down with David Foresberg, venture capitalist and Managing Partner of Ascent Energy Ventures to discuss their outlook on the energy tech space. These two powerhouses are at the forefront of technological adoption in the upstream market, and share their insights into the future of technology in OandG and their journey through the space.

The global energy landscape is complex and clouded by social/political agendas. Simplistic rhetoric classifying energy sources as clean and dirty, good and bad have polarized populations in Western Europe and North America, with a rallying cry for carbon-free energy sources, minimizing the environmental impacts that come from manufacturing and disposing “renewable” energies and batteries.

In this podcast, Dr. Scott Tinker, Director of the Bureau of Economic Geology and founder and Chairman of the Switch Energy Alliance takes us around the global to explore how nations are using different sources of energy to power their homes and their economies. We discuss the outlook for hydrocarbon-based energies into the future and the challenges they face in a world filled with growing energy demand and anti-oil sentiment in some political and geographic sectors.

We also discuss what we as an industry can do to proactively engage in constructive discourse around different sources of energy, and how hydrocarbons can contribute to the long-term health of nations and their citizens.

Global demand destruction is the talk of the town since the spread COVID-19, but the interplay of various interdependent and complex markets presents a real challenge in forecasting the climb towards recovery. Mixed signals coming from the media and heads of markets further complicate matters as we all do our level best to keep our businesses running and our families healthy.

In this podcast, Mark Rossano of C6 Capital Holdings LLC takes us on a journey around the world to review key data trends he follows to run his analysis on the health of the economy and the global oil market. An exceptional data analyst at heart with a knack for understanding the big picture, Mark’s unique awareness of the markets is the source of a lively conversation about the present and future of the global supply/demand system.

TRANSCRIPT BETA

Disclaimer: Our transcription software is in beta testing mode, using NLP and AI to convert our conversations from audio to text. We openly admit that at present, the output quality is poor, with numerous errors throughout (some of which are hilarious in nature), however, we would like to release this information should it be of value to any users.

With the help of time and money, we plan to increase the quality of this output as we build out sponsors that help support the growth of the show.

Transcript

Adam Cohen: Mark. Thanks for coming on the show today.

+1 516-***-**59: Sure, it's at thank you for having me. It's a pleasure to be on.

Adam Cohen: Yeah, and you and I had a good long

+1 516-***-**59: on

Adam Cohen: chat yesterday and I think I was just impressed by how detailed you are at, you know looking at all the different metrics that go into the global supply and demand cycle and and where we're at presently in the world.

+1 516-***-**59: No, I appreciate it. Yeah, we we definitely ran the gauntlet on some of those different topics and and one of the interesting things that wouldn't when you look at the supply demand metrics, you know, demand is becoming such a moving Target, you know, it's always been fluid but now with covid-19 and and the issues that we're seeing as countries and companies really struggle to restart. We're seeing this this counter balance of well where Supply going. Where should It Go And then who's buying it like, you know, if you think about refiners pet chems as the natural buyers of a huge chunk of this oil. What are they doing? Like what are they seeing on their end? And it's definitely A Tale of Two Cities and it's kind of hard to balance the two in terms of which economic data matters most, you know, which refiners going to make money and then what for finer like what crude is that refine are going to buy which is always a fun topic.

Adam Cohen: Yeah, so I just up front here. I just want to let everybody know all the listeners that will be sharing marks presentation that he had prepared for C6 Capital Holdings his company LLC where he CEO and founder and I think it's an incredible piece with a ton of metrics that you should definitely download. If you're even a little bit interested in you know, where we stand globally but Mark, can you tell us just a kid? Off what are some of the most key data points for you on a day-to-day basis like you only have so much time in the day and kind of seems like you're looking at everything what's kind of on your top 3 list of things you like to keep an eye on to to track Trends in the market.

+1 516-***-**59: Yeah, it's a great question. And and the thing that I always check on first is the you know, the refinery crack spreads on a global level. So I've been able to integrate that just to have it on one screen and I can quickly look at it and say okay where is gasoline trading or you'll what are the refinery margins for gasoline distillate and by distillate? I'm looking at heating oil gas oil jet. All and just trying to piece it together because you know, we know that there aren't planes in the air and if there are there's...

Overleverage companies are working with their bankers to adjust their balance sheets and weather the storm. Capitalized groups are gearing up to acquire distressed assets in the marketplace. With pain comes opportunity for those who have the dry powder.

In this podcast, Reggie Robba takes us through his experience during the last down cycle as an OandG lender for BOKF, and gives us a sense of the conditions likely unfolding now between companies and their lenders. In the latter half of the podcast we explore how the release of assets from overleveraged upstream companies will create a feeding ground for investors with capital.

Disclaimer

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Show Transcript

Adam Cohen: Hey Reggie. Thanks for joining us here today.

Richard Robba: Yeah, I appreciate it Adam. Thanks for thanks for having me on.

Adam Cohen: So I think let's start this pod cast off here with you giving us a little bit of background as far as where you're coming from and where you're at today.

Richard Robba: Sure. Yeah, so currently one of the partners and vice president Finance for a union Rock Partners where a direct investment platform in the oil and gas space Upstream space really focus mainly on non-controlling interest. So royalties minerals and then also from the leasehold side from a working interest side. Yeah previous to that was that be K Financial Bank of Oklahoma for some of the viewers might know them did energy lending their left the bank down in 2017 early 17 and and join copper trail that has now morphed into a we're at now which is a union Rock partners.

Adam Cohen: Great. So what brought you into the oil and gas space?

Richard Robba: Yeah, so I guess I'm second generation a little man gotta put a funny spin on it. My dad was a geologist. So I grew up around grew up around the industry. My first experience in oil gas. I was six months old and and it was my dad's biggest well and geologists are kind of like baseball players and pretty superstitious. So ever since then, I think I've been out to every single pad site or drill site because he's never had a dry hole when when I was there. So that's how I originally started around and then my mother's side of the family or is a ranchers in Kansas. And so we've always had production from a kind of a lan Lan holder side as well.

Adam Cohen: So what drove you into the financial aspect of this with your father having a background in geology and you spending a bunch of time in the field? You know, what drove you to more of the...

AI is a major catalyst for change in the upstream sector and will provide a strong competitive advantage for early adopters. In this podcast we interview Professor Ertekin, Professor Emeritus and prior Department Head of the John and Willie Leone Family Department of Energy and Mineral Engineering, the George E. Trimble Chair in Earth and Mineral Sciences, at Pennsylvania State University to discuss his 4 decades of research in reservoir engineering.

Professor Ertekin shares his experience and research in deploying technologies like artificial intelligence and machine learning to enhance and accelerate to solve problems in reservoir engineering. He also identifies which technologies are the most mature and tested to provide high confidence intervals to those that wish to deploy them.

We also explore how companies and academia can work together to accelerate the deployment of these technologies to create predictable outcomes in the field. Ultimately, it is the innovators in the space that are willing to deploy these technologies that will gain a significant competitive advantage.

The oil industry is in a state of flux. Both companies and industry professionals alike are searching for new ways to become more efficient in a low commodity price environment. While it may not be the first place they look, new technologies may provide an unexpected opportunity to cut costs and increase productivity.

In this podcast Geoffrey Cann, renowned oil and gas advisor and technologies expert, provides keen insight into how companies and oil and gas professionals can deploy new, cutting edge technologies into their workspace without too much risk to their checkbook. He gives us great ideas for where to get started and the resources we will need in order to be successful.