Recorded on December 18, 2024 and October 3, 2024

Episode 122 of the PetroNerds podcast is your pre-Christmas PetroNerds special. This podcast is the panel discussion Trisha Curtis hosted at the Denver Earth Resources Library with Leen Weijers, VP of Field Engineering at Liberty Energy and Brenton Cheeseman, VP of North America at NCS Multistage.

Trisha spends time talking to Leen and Brenton about growth in US oil production, the role of the US service sector, and the incredible efficiencies made in the past few years. This is a candid conversation covering production, efficiency gains, a sub 600 rig count, horizontal lateral lengths, and the state of the service sector. Trisha asks Leen and Brenton to talk about the efficiencies in drilling and frac, completions, the speed in drilling, the growth in lateral lengths, and refracs. They talk about consolidation, the future, the Rockies, the Bakken, the role of the service sector, and the number of frac fleets.

Trisha introduces this podcast with a fresh market download on oil prices and the macro, the Federal Reserve’s hawkish interest rate cut, and what clients and the industry are asking about in 2025. She spends twenty minutes getting you completely up to speed on the Federal Reserve rate cut and meeting and the mixed messages and confusion the Fed has caused. Trisha explains to listeners the biggest macro factors driving oil and the weakness in the global economy.

She closes the intro telling listeners about her Common Sense Institute Report that has just been released on the state of Colorado energy, rising electricity prices, CO2 emissions, and lack of growth in Colorado oil production. The paper can be found here. https://www.commonsenseinstituteus.org/colorado/research/energy-and-our-environment/key-trends-in-colorados-energy-landscape.

This panel discussion took place at the Rockies Expo at the Denver Earth Resources Library downtown Denver on October 3rd, 2024.

Listen on Itunes