Energy 360 by EnerCom

Today Aaron Vandeford and Dan Genovese with EnerCom sat down to discuss what we are seeing in Texas regarding the weather-related power outages and the social responsibility of government, utilities, energy producers and capital markets to refocus the ESG investment discussion to include the need to develop and invest in an affordable, abundant and reliable energy ecosystem. Recently, the ability to have an honest and informed discussion about realistic energy solutions and long-term transition has been a challenge. However, the recent energy crisis in Texas, as well as the more routine summer outages in California, should serve as a harbinger of America's energy future if we don't map out a reasonable and more feasible energy strategy. This year, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas event. Growing public expectations around Corporate Social Responsibility (CSR) has increased the emphasis by investors on making investments in companies that are actively addressing Environmental, Social and Governance (ESG) concerns, more focused on sustainability, and pursuing good corporate citizenship. What they are seeing in Texas this week is an important back drop for this holistic energy discussion. In Dallas and online, April 6-7, we will help shape and continue this honest and informed discussion about realistic energy solutions and ESG in the natural resources space.

In this episode of Women in Energy, Blanca Andrus (CFO and Chairman of EnerCom) sits down with Suzanne Ogle, CEO of Southern Gas Association to talk all things leadership, here background, and the natural gas shift in renewables. Check out our other Women in Energy interviews here: https://www.oilandgas360.com/eenfp/women-in-energy/

WHAT AT YEAR IT HAS BEEN FOR DATAGUMBO..... Get yourself a big helping of DataGumbo via their website www.datagumbo.com

Today on the Energy Expert Network, Michael Tanner sits down with Dr. Foreman (Chief Economist at API) to dicuss all things oil markets! Check out all our other EEN interviews here: https://www.oilandgas360.com/eenfp/the-energy-expert-network-content-slplp/

Welcome back to our FINAL week of 2020 shows, starting of HOT with our conversation with Jay Young.  Mr. Young is the CEO and Founder of King Operating Company, founding the company over 30 years ago. King takes a new approach, using what is called the ADD to acquire, redrill and divest assets all within a timeframe suitable for the investor. He is the author of the bestselling book "The Upside of Oil and Gas Investing" (https://www.amazon.com/Upside-Oil-Gas-Investing-Traditional/dp/1946633666/ref=sr_1_6?keywords=jay+r+young+book&qid=1578413464&sr=8-6) More about Jay Young: https://thejayyoungshow.com/#episodes

Part 2 of our conversation with Susan F from Great Western... ESG can be one of the most misunderstood and wildly misused topics in the oil and industry.  We take seriously our devotion to "E", all while forgetting the "S" and the "G" On todays show, Chairman and CFO of EnerCom Blanca Andrus sits down with Susan Fakharzadeh, VP at Great Western for Government Affairs and Communications at Great Western to talk about ESG as a whole, how Great Western looks at ESG and why the "S" and the "G" hold up to the "E" Check out all the latest interviews on the Energy 360 podcast here: https://www.oilandgas360.com/eenfp/women-in-energy/  

What gets lost in the energy transition conversation is the fundamental idea that the lowest kilowatt/hour will win.  Mark Mills (Partner at Cottonwood Venture Partners) is a well known author and writer on this topic, taking a physics view of why the energy transition view we have is all wrong. Check out all our EEN interviews here: https://www.oilandgas360.com/eenfp/the-energy-expert-network-content-slplp/ Follow Mark Mills: Forbes columns, OpEds, reports at www.tech-pundit.comManhattan Institute research at http://www.manhattan-institute.org/html/mills.htm

ESG can be one of the most misunderstood and wildly misused topics in the oil and industry.  We take seriously our devotion to "E", all while forgetting the "S" and the "G" On todays show, Chairman and CFO of EnerCom Blanca Andrus sits down with Susan Fakharzadeh, VP at Great Western for Government Affairs and Communications at Great Western to talk about ESG as a whole, how Great Western looks at ESG and why the "S" and the "G" hold up to the "E" Check out all the latest interviews on the Energy 360 podcast here: https://www.oilandgas360.com/eenfp/women-in-energy/  

On this episode of the Energy 360 Podcast, Dan Genovese (Director at EnerCom) sits down with Mark McClure (CEO at ResFrac) to talk all things reservoir technology, how ResFrac is improving the modeling process, and details of an upcoming study. Subscribe to this podcast, and check the rest of the EEN interviews here: https://www.oilandgas360.com/eenfp/the-energy-expert-network-content-slplp/

Well we found the combination to eliminate logistics loss, improve cash flow, and build your own success story. The team from Data Gumbo and Atlas RFID stopped by to talk about how technology is changing logistics in the energy space. I can lose my laptop power supply in my briefcase, but we talked about the technology from both companies that can track logistics on any size project. Even while building a nuclear power plant project. Jon Chesser, Chief Revenue Officer, Atlas RFID, covered their solution set's ability to track all types of products. The Jovix software, RFID tags can be a "Single source of truth". This is critical to projects staying on schedule and under budget. Their customer success stories are on the Jovix website. Now Michael Mathews, SVP, Data Gumbo steps into the conversation and really notches it up through the roof. With the Gumbo Net Blockchain, the "Single source of truth" now becomes the "Real time, secure, single source of truth".

Cyber security has never been more important, both from a physical hardware, and software side.  Stuart Turley (Director and Publisher of www.oilandgas360) sits down with Phil Neray (VP of IoT & Industrial Cybersecurity at CyberX) to talk all things oilfield cyber security. For all things Oil and Gas 360, visit us on the worlds great website www.oilandgas360.com

Steve Reese, CEO, Reese Midstream Report stopped by to visit about the current state of the Midstream business during Covid. Even after just a few moments, I knew that his years of experience, and industry knowledge, fit the title of Energy Expert to the tee. While covering the current events in the Midstream space, we also touched on the next phase of the green revolution. Midstream will play an important part of the "Green" movement through transportation of hydrogen in a cost-effective existing infrastructure. "So natural gas is here to stay. And I think it will be used in various, you know, different arenas. I do continue to see it to replace possibly coal in some areas and maybe nuclear in some others. But. And, you know, we're very much behind anything here that makes the environment a better place for all of us and our descendants. But if you look to the recent past, the reason, the main reason we have a better environment and cleaner air than we had 25 years ago is specifically the use of natural gas." - Steve Reese - Reese Midstream Report Steve, thank you for stopping by our place. We had fun, and look forward to our next visit About Steve Reese: After successful careers with Getty Oil Company and Texaco, Steve Reese founded Reese Energy Consulting in 1994, which provides a broad range of oil, natural gas, NGL and LNG services for producers, midstream firms and end-users across the nation. Our team of industry experts and years of specialized experience are nationally recognized for our unique strengths in energy research and project planning, engineering and design, and full-service energy marketing. Visit us at www.ReeseEnergyConsulting.com.

Texas has always been involved in the energy space, but few women have had the impact like Elizabeth Ames Coleman. A two time Chairman of the Texas Railroad Commision, and Member of the Texas House of Representatives. Blanca Andrus, CFO, EnerCom, and Elizabeth have a great conversation about growing up around energy, some history, and current issues around the oil patch. Thank you Elizabeth for stopping by and visiting with us! Bio: Elizabeth's distinguished career has included: Member of the Texas House of Representatives; Chairman, Railroad Commission of Texas; Senior Policy Advisor, Squire Patton Boggs; and currently is a Principal at EnergyNorthAmerica.

In the Energy space there has been a history of lower diversity percentages in management. This is in the process of changing, and with leaders like Laura, it will be moving forward. There are several key initiatives that Laura and Blanca talk about in this interview. Two of the initiatives are having a mentor, and take chances. Learn from other successful women in leadership roles, and in turn, mentor other women yourself. Taking chances can include getting experience in areas like operations or field work. Always bring your “A” game to the job. You never know with who you will interact, and the impact that can follow. This inaugural Women in Energy  interview with Laura Preng, Consultant, Preng & Associates and Blanca Andrus, CFO, EnerCom was a real pleasure to help produce. Thank you Laura for stopping by, we had a blast. Laura Preng Bio: Laura joined Preng & Associates in 2011 after working several years as a recruiter for another energy recruiting firm and has led engagements in the upstream, downstream, midstream, and service and equipment sectors. Prior to entering the search industry, she spent more than twelve years honing her interviewing skills as a television news reporter and anchor for the CBS affiliate in Jackson, Mississippi, and the NBC affiliate in Nashville, Tennessee. As a reporter, Ms. Preng covered politics and breaking news stories and was recognized by the Associated Press with a number of awards, including best investigative and spot news.

The responsibility of corporate management is protecting all stakeholder's equity. In our “wild and crazy 2020” that is a tall order. Board members and corporate executives must rely on industry leadership and hedging. I have had the pleasure of seeing the experts at Aegis demonstrate their expertise and ability to protect the stakeholders. Matt Marshal, Market Analytics, Aegis, has been presenting on the Haynes and Boone Energy Tracker series and has covered some gigantic industry issues. Aaron Vandeford, President, EnerCom and Matt cover some of the key data points in this exclusive Energy 360 interview. Matt, thanks for stopping by, and we look forward to seeing more from Aegis around the expertise required to protect stakeholders. Matt Marshall Bio: Matt leads the market analytics and research development efforts for AEGIS. He brings over 20 years of experience in energy markets research, trading, technology deployment, and management consulting. LinkedIn: https://www.linkedin.com/in/mattmarshallmarkets/

As we went through our interview covering  "Hanesville and Appalachain - Gas Focus" with Rob McBride, Sr. Director, Enverus, the numbers confirmed that pure gas plays are set to rise. Appalachian – Marcellus and Utica ➢ Rigs have fallen off in the Appalachian, but there are still rigs running and new wells being drilled. Production is expected to continue to climb in the Marcellus and Utica. The Mountain Valley Pipeline (MVP) is expected to come online in early 2021, which will add 2 Bcf/d of takeaway capacity to the region and send gas to the Transco Zone 5 region. Should MVP meet the same fate as the Atlantic Coast Pipeline, which was cancelled in early July, pipeline bottlenecks could be seen in the region as early as mid-2021. Enverus does not expect this to happen. Haynesville: ➢ With the drop in crude oil prices, higher natural gas prices are needed to make pure gas plays economical. Higher gas-directed production will offset the production losses from associated gas in order to meet demand in the US. As production grows, additional takeaway capacity is needed from the play. At least four pipeline projects have been proposed to transport gas from the Haynesville to demand in the Gulf Coast. Rob, thanks for stopping by and visiting with us about your team's newest report! Check the link below to download the report, or contact Rob.

When companies are trying to watch every penny, the armchair quarterback is not even an option. The older management style of being reactive has to change to survive. Andrew Bruce, President & CEO and I were able to sit down and cover the Real-Time Lease Operating Expenses business issues. In one case study we talked about, the gross annual savings was at an estimated $4.4 million dollars. One thing I can say about Bruce is that he knows numbers, and technology. This is a very cool interview about how the big boys save the real bucks. "... companies rely on P&L to tell them the score, but by then it's too late to make corrections. A Profit and Loss statement is a trailing indicator...With a Scorecard however, you can change the future". Gino Wickman - Traction. Bruce, as always, thank you for stopping by, Michael and I had a blast while seeing what blockchain and LEO can do. Visit DataGumbo online at www.datagumbo.com

We had the opportunity to sit down and visit with Ron Gusek, President of Liberty Frac to discuss the technology, ESG and the current business deal with Schlumberger. On The Digital Closing Bell, Michael Tanner and myself have had the opportunity to use Liberty as a industry leadership example for our listeners on how oil field service management should handle their corporate obligations to all of their stakeholders. Ron covers some of the key differentials of the Liberty, culture, employee programs, and management leadership. They are constantly striving to hit the stated goals for all participating stakeholders. Liberty has been in front of the ESG curve, even before it was fashionable. Anyone that believes in their frac fluid is environmentally sound, should prove it. Well the team did just that, they lined up and drank the fluid on a video. That's commitment to the environment. This interview was clearly fun for both Ron and Michael, and covered all of the updates from Liberty. Thank you Ron for stopping by, we had a blast. Check out the full interview landing page: https://www.oilandgas360.com/exclusive-360-energy-expert-network-video-interview-liberty-frac/  

We had the opportunity to sit down with Bernadette Johnson, Vice President, Strategic Analytics to talk about their report "Midstream: Financial and Regulatory Update". Our interview covered some of the most concerning issues currently around Midstream. Let's see: Bankruptcies, M&A, Capital Raises, Dakota Access Pipeline, and the Atlantic Coast Pipeline. "There were no trends in Q2 bankruptcies that related to region or gatherer, but there will be undoubtedly be many stakeholders and regions impacted as bankruptcies continue." Well the good news is that there is no individual region that is singled out, the bad news is that everyone is still in the game for bankruptcies. The regulatory discussion points were very timely with all of the political activity. Thank you for stopping by Bernadette! As always we are thrilled to hear your insights, and Michael still thinks your a rock star. *Bernadette also just recently had a fantastic presentation at The Oil & Gas Conference earlier this month.

Dr. Ricky Misiaszek and I were able to sit down and cover a huge issue involving remote energy projects and Covid-19. There are gigantic energy projects around the world being funded by stimulus dollars from almost any government that can afford to print money. (and even those that cannot afford it). These projects are in harsh remote areas of the world, and health concerns are important even without the current pandemic issues. They are wind, solar, oil and gas, on shore and offshore. The common theme is a tough work environment compounded by a pandemic. Remote Medical International (RMI) has customers in over 120 countries and is involved in every aspect of keeping employees medically safe.  We talked about SOP and new procedures that they have implemented to battle the virus. Dr. Ricky, thank you for stopping by and talking about this huge topic. I had a blast and look forward to following up with you.

So, imagine you are a CEO of an oilfield services company and were charged with providing improved results to the stakeholders of your firm? What would be some of your first steps? What business processes would be involved, and could you implement complicated systems? Well were able to sit down with Akash Sharma, Senior Analyst, Enverus, to cover these questions. Enverus has grown over the years to a world provider of oil & gas analytics, trading & risk, and business automation solutions. The OpenInsights platform can integrate into clients current accounting systems, and not require additional training or downtime. The operator community in the oil field services have different business issues that require automation. There is one common thread: DATA. The successful implementation of business automation into your accounting system can provide better liquidity of cash by providing accurate invoices for goods and services the first time. This was an insight (pun intended) to big dollar business issues, and we had a little fun on the way. Akash, thank you for stopping by and spending time with us.

Real Climate Science on YouTube has over 17 million views, and 81K in subscribers. In anyone's book that is a real success story. Tony Heller lays out the climate science in a clear, factual, and understandable presentation. Tony was able to sit down with our Dan Genovese, Director, Consulting Services, Enercom to cover the real climate science, ESG and the world impact. Personally, I enjoyed listing to the discussion as I was able to focus on the topics and discussions. Tony was awarded for being the "Debug God" on the PowerPC 604 RISC Microprocessor. This is quite an achievement. Some of the key points in the interview are some facts about Covid, ESG and the inability for people to have an open dialogue about climate and fossil fuel power generation. Check out his web site and YouTube channel. There are great updates continually, and some of them are listed below. Step one: Watch the interview between Dan and Tony. Step 2: Subscribe to the Real Climate Science YouTube channel. Tony, thanks for stopping by, we enjoyed your input on the Real Climate Science. Next time I am up in your neck of the woods, lets go for a cycle ride.

The TGS tagline is "Energy Starts With Us." After our interview with Wayne Millice, VP of Onshore Multi-Client, and Carl Neuhaus, VP of Well Data Products, it became clear that the tag line was not just a cool marketing tactic. TGS is the largest subsurface data and insights provider in the world. And in the current environment where E&Ps can't afford to make mistakes, we learn a little bit about how TGS' vast subsurface data library can help provide the insights E&Ps and governments need to de-risk assets faster and more accurately. They clearly understand the challenges their customers face, and through innovation and data-driven solutions, they can turn rich subsurface intelligence into actionable insights for the best exploration decisions. How good is the subsurface data you ask? In this interview, we dive into discussions like how AI capabilities, married with the sheer volume of data, can help fill in gaps to ensure continuity in required data. Even in the Permian, there is a lot of data, but is it good or lousy data? Being able to sift through the gaps is critical, and when you're making million-dollar decisions, it is best to have the best subsurface data available - TGS can help. Thank you, Carl, and Wayne, for stopping by. Besides having fun, we learned a ton about subsurface data, how it can help E&Ps in the long run and "Ground Truthing."

We had the opportunity to sit down with Heidi McKilop, Producer "A Stranded Nation", and Terry Etam, Author "The End of Fossil Fuel Insanity" and visit about the Canadian and United States current pollitics around fossil fuels. The conversation started over several months ago when the 360 team had a great interview with Heidi. We covered the Canadian oil landscape of fossil fuels. Reciently, when we had some short sighted court desisions occur in both countries, we had to sit down and get thier feed back and opinons. The pipeline regulations in both countries are a huge national security issue.  Line 5 in New York is a pipeline to the Eastern Canada refineries. If this access to crude oil is interupted the Canadians will have huge gas prices and shortages.  It was orderd shut down, and ironically the day after we filmed our roundtable (Wine and Beer would have made for even more fun) the first tanker from the Western part of Canada passed through the Panama Canal arriving in Eastern Canada. That is a horiffic cost to pass on to the average person in Canada for regulations around a pipline that has been operating succesfully for over 40 years.

ESG is a huge part of the energy market from the consumer, and financial, side of the business. The Usibelli coal company is a 4th generation company and is the only coal mine in Alaska. As a private company the ownership of the company has always been very active in ESG and CSR. They are an integral part of their community through donations to over 100 nonprofit and universities. About:  Aurora Energy Solutions At Aurora Energy Solutions, LLC we take great pride in providing Alaskans with a locally-made, locally-harvested package of high-quality heating options that are efficient, reliable, and environmentally friendly. We produce high-quality wood-burning products for residential and commercial customers. Once our firewood kiln is operational, our state-of-the-art technology will produce dry firewood, wood pellets, and compressed logs year-round that burn hotter, longer, and cleaner. Kiln-dried firewood will be seasoned to 20% moisture content or less in approximately 48 hours and our pellets and compressed logs are low-moisture and less ash content as well.

In this crazy world we politely call 2020, there is a pattern change in M&A, Chapter 11s, Royalties, and how investors operate. Taking the commodity price out of the picture, the balance sheet will make the difference on companies looking to restructure under Chapter 11, and then undergo the M&A after the re-organization. As Andrew and I catchup from our pre-covid meeting at last year's NAPE, we are reminded that nothing appears to be the same and data will be more important when making investment decisions. Royalties are one of the hottest assets in the market, and had one of the best quarters in 2019, and may still have some volume in this market towards the end of the year. The Appalachia had most of the M&A activity this year as there was more stability in the gas market. The Haynesville had almost no activity as it is well positioned with takeaway and location. Market looks to have some increases in M&A towards the rest of the year but will remain low unless there is a large commodity price change. Andrew thank you for stopping by, it was fun chatching up again. Hopefully we can visit at NAPE again in the future.

There is no question the United States is at a political and social intersection of strife and conflict. George took 5 years to write this book explaining the two different types of patterns. He also predicted that the 2020's would be difficult because this is the first time the two patterns are occurring within the same time. His theories, and forward looking talking points, are spot on. I liked the book's evolution of our country's history, and the hopeful turn in the future. He is not afraid to talk about the current social issues, and give his personal insights. The website "Geopolitical Futures" is an excellent resource for anyone looking to understand the worldwide lay of the land. At Oil & Gas 360 we are now 65% US and 35% Worldwide client base. I have subscribed to Geopolitical Futures to get an exceptional overview into international influences. Watch our interview, then buy the book, and sign up for the exclusive material at the website. You will have your eyes opened about the world, and country, we live. George, thank you for stopping by, our time together was fun. I am looking forward to our coffee- Stu ABOUT GEORGE FRIEDMAN: https://geopoliticalfutures.com/ Dr. George Friedman is Founder and Chairman of Geopolitical Futures, a company dedicated to forecasting the course of the international system (www.geopoliticalfutures.com). He is an internationally recognized strategist on global affairs and a New York Times best selling author. Friedman's most recent book, THE STORM BEFORE THE CALM: America's Discord, The Coming Crisis of the 2020s and the Triumph Beyond, focuses on the United States, predicting how the 2020s will bring dramatic upheaval and a reshaping of American government, foreign policy, economics, and culture.His other bestselling books include The Next 100 Years: A Forecast for the 21st Century, Flashpoints: The Emerging Crisis in Europe, The Next Decade, America's Secret War, The Future of War and The Intelligence Edge. A very popular keynote speaker on international geopolitics, Friedman's experience in military modeling, intelligence and international affairs places him in high demand at numerous conferences and industry-specific events. He has briefed for numerous major military and government organizations and is frequently invited to speak internationally. Prior to founding Geopolitical Futures, Friedman was Chairman of Stratfor, the geopolitical intelligence publishing and consulting firm he founded in 1996. He left Stratfor in 2015.Friedman received his bachelor's degree from the City College of the City University of New York and holds a Ph.D. in government from Cornell University. He lives in Austin, Texas.  

In the beginning, there was no seismic data. Mark, Allen, Bill and later Martin, got together to solve this problem as they could not do their due diligence on oil and gas transactions. They solved a business requirement by creating the solution and started a business. The true American dream. Allen and I were able visit about ESG in the Oil & Gas market. He brought up Alex Epsiten's (The Moral Case For Fossil Fules) views as one that is very applicable in the market place. Alex Epstine has said on our Oil & Gas 360 interview conducted earlier this year, that people should have access to abundant, low cost, energy to help elevate people out of poverty. We also cover renewables, politics, millennials, dept structure, and the future of oil and gas. Enverus and EnerCom, Oil & Gas 360, have enjoyed a long, quality relationship over the years. We look forward to many more years of a great working relationship. Two good quotes from the interview: "The oil man's worst enemy is a friendly banker." "Enverus = Truth, Energy and Trust   Allen, thank you for stopping by, I had an absolute blast.

When I read Gareth's articles, they were very interesting and had some great insight on renewables that I had not previously thought about. The discussions we had in the interview cover energy from all aspects around the globe. We even follow the money on the countries, and their impacting decistions. Gareth Foulks-Jones has a very unique background from experience, and travel. We as Americans tend to have a singular approach, and it is eyeopneing to visit about the international players. Great insights from around the world. Michael Tanner and I had a great time in the interview. Thank you Gareth for stopping by, and look forward to hearing more from your postings. - Stu   Find Gareth on LinkedIn: https://www.linkedin.com/in/garethfoulkesjones/

When people hear the word "blockchain" they either fall to the floor in the fetal position, or jump up and down about the best transactional technology they use. Personally, I am the guy curled up on the floor. When Michael Tanner, 360 Host and Analyst, and myself, had the opportunity to sit down with Andrew Bruce, Founder and CEO, Data Gumbo, we were pleasantly surprised about how he took the complex and turned it into millions of dollars in savings in OpEx. Just imagine if you are an E&P company and you need to save money right now. You can continue to bleed cash, or look to technology to save money. Andrew talked about the ability to bridge the transactional gap to transactional bliss. Through the GumboNet blockchain technology companies can save millions. Yes that is not a typo. I had to stop Andrew, and back up to verify that my ears had not gone bad. (Even though I am old) We also cover the Data Gumbo business model, and if I was an Oil & Gas executive looking to save millions, calling Andrew would be the first thing I would do. Andrew, thanks for stopping by, we had a blast with the interview, and look forward to seeing you again. Michael and Stu.   About Andrew Bruce: Andrew Bruce is the founder and CEO of Data Gumbo, a company he founded in 2016 after spotting an opportunity to eliminate a sizable cost inefficiency between an oil supermajor and one of its suppliers. Data Gumbo provides GumboNet™, the trusted transactional network that automates smart contracts and transactions for industry leaders. Prior to Data Gumbo, Andrew was the COO for MHWirth, an oil & gas drilling equipment OEM where he supervised global operations. Previous to this position, Andrew was VP of Controls at NOV. During his tenure at NOV, he founded the NOVOS product, a first-of-its-kind semi-autonomous drilling system, which Andrew holds a joint patent for on rig automation. With years of experience as an IT consultant and serial entrepreneur, Andrew earned his Bachelor of Science in Computer Science from Worcester Polytechnic Institute. He is currently a member of IADC and SPE.  

EnergyNet offers an easy-to-use oil, gas, and other commodities auction and sealed bid transaction service that facilitates the sale of producing working interests (operated and non-operated), overrides, royalties, mineral interests, leasehold, and other contracts. Ok, that being said, so what is an commodities auction transaction service? How do we get an ROI? How large of transactions can you handle? We were able to sit down with Anastasia Rademaekers, Strategic Director and Gus Rivero, VP of Government Resources from EnergyNet to cover these questions. Not only did Anastasia and Gus cover the basic questions, they also covered the capabilities and the ROI on automating the commodities industry. Thank you Anastasia and Gus for sitting down with Michael and myself for this interview. We had a blast. About EnergyNet: EnergyNet offers an easy-to-use oil, gas, and other commodities auction and sealed bid transaction service that facilitates the sale of producing working interests (operated and non-operated), overrides, royalties, mineral interests, leasehold, and other contracts. EnergyNet is a continuous online marketplace with due diligence and bidding available 24/7/365, where auctions and sealed bid packages close weekly. Most of the properties EnergyNet sells typically range in value from $1,000 to $250MM. EnergyNet's tech-enabled platform allows clients the flexibility and convenience of conducting their acquisition and divestment activities online. EnergyNet clients include majors, large independents, bank trust departments, foundations, churches, universities, individuals, and government agencies. EnergyNet's technological and marketing reach presents a multi-commodity property portfolio to thousands of qualified investors with multi-billion-dollar buying power. EnergyNet maximizes divestment returns by enabling sellers to achieve the highest prices for properties in their industry, while driving down costs.  

When the going gets tough, the tough get a trainer. We were lucky to sit down with Geoffrey Cann, Author, Trainer, and Speaker. His book Bits, Bytes and Barrels is an Amazon best of category seller. What makes Geoffrey different from others that is his ability to take the complex issues and translate to applicable, real world, scenarios.  This ability is based partly on his experience in the real world, and partly on his talents as a speaker. Michael and myself had fun talking about his career as an author, trainer and speaker.  He has been able to provide online training, and can customize the training to individual corporations. Training is needed now in this tough time we call 2020. Geoffrey, thanks for stopping by, Michael and I had a blast. About Geoffrey, Former partner with one of the Big 4 consulting firms, I have over 30 years of experience advising the oil and gas, energy and technology companies to help create lasting value. My clients include very large integrated oil companies, downstream petroleum refiners and marketers, pipeline companies, fracking services, drilling and completions services, logistics, LNG projects, and many more. Most of my work over 3 decades has been at the intersection of a business problem and a technology solution, and since 2013, the impacts of digital technologies and the oil and gas industry.   As a partner, I became a global instructor of the firm's courseware. In that role, I taught new recruits how the consulting industry worked, the key skills of successful consultants, and the tools and methods to apply on the job. I led course delivery in the classroom in Canada, the US, Hong Kong, and Spain. Today, I provide digital awareness training based on my book.   In addition, I teach regularly at the MBA level on energy issues, and am widely sought after as a public speaker and commentator on issues facing the industry. My events page provides an indication of the many speaking engagements, panel discussions and key note addresses that I have delivered in the recent past. I publish the #1 ranked website and podcast on digital oil and gas, and I am routinely described as a thought leader on digital topics facing the industry. Find Geoffry on LinkedIn: https://www.linkedin.com/in/training-digital-oil-gas/ Buy his book: https://www.amazon.com/Bits-Bytes-Barrels-Digital-Transformation/dp/B07VLPD7ZT/ref=sr_1_1?crid=AJNF1O2F6WNN&dchild=1&keywords=bits+bytes+and+barrels&qid=1594902671&s=books&sprefix=bits+bytes+and%2Cstripbooks%2C179&sr=1-1  

There are many factors that impact executives, and their decisions, in this tumultuous oil & gas market. We were able to sit down with Rob Turnham, President and Chief Operating Officer for the Goodrich Petroleum Corporation and talk about the current status and plans. Rob and I were able to talk about the Goodrich story and their advantages. They have cut their CapEx by $15 million, and can achieve free cash flow between the $2.05 and $2.65 gas price range. We also covered ESG, what that means to Rob, and the impact to all of Goodrich's stakeholders. Being environmentally and fiscally responsible is very much part of the corporate culture. It is clear that Rob's experience and leadership has served Goodrich quite well in this interesting time we call 2020. On the 360 Digital Closing Bell we have a saying; "Good management - good numbers".   About Rob: Robert C. Turnham, Jr. is a founding partner, President and Director of Goodrich Petroleum, a public E&P company focused on exploration, exploitation and development of unconventional onshore oil and natural gas reserves.  The Company was founded in 1995 and trades on the New York Stock Exchange under the symbol GDP. Goodrch Petroleum has been an early mover in the Haynesville, Eagle Ford and Tuscaloosa Marine shale basins. The Company has spent over $3 billion of capital expenditures in these areas and raised $2.5 billion of capital through asset sales and capital market transactions since going public. Prior to 1995, Mr. Turnham was President of Liberty Production Company, a privately held oil and gas exploration and production company, and Turnham Interests, Inc., an oil and gas investment company. Mr. Turnham started his career with Pennzoil Company in 1981. Mr. Turnham has been a guest commentator on CNBC, Fox Business and Bloomberg, a guest speaker at numerous conferences over the years, and has served on various private company and non-profit boards.

We sit down with Rob McBride (Sr. Director Strategy and Analytics, Enverus) to talk about this new report from Enverus on the "unprecedented" well shut-ins, we all agree that if the word "unprecedented" could be removed from our vocabulary as it has been over used. That being said; it is about the only word that describes the disastrous trifecta of Covid-19, oil price war and the demand reduction. “There's no doubt the rig count has been an important tool to measure the health of the oil and gas industry,” says Rob McBride, senior director of Strategy and Analytics at Enverus. “However, with horizontal drilling, improved efficiencies, and advanced drilling plans, we're seeing a different story being told beneath the surface. For example, determining which wells have been shut-in and taken offline, wells that have been drilled but not completed (DUCs), and pipeline data are just a few of the factors that aren't detected by the rig count. And you need to look at everything to capture a complete view.” We really enjoyed our visit with Rob about the 2020 Production: Shut-ins, Ducs report. He clearly brings out the importance of relying on data to manage decisions around the oil production in 2020.

The history of the wild west is closely followed by the American oil wildcatters and their bankers. Today, the United states is facing some of the most tumultuous disasters ever recorded. Who would have ever guessed that a game of Russian, and OPEC, oil price roulette would be followed by the Covid-19 economic disaster. That being said, the old saying "History has a way of repeating itself" is kind of frighting. We had the opportunity to sit down with Buddy Clark, Partner/co-chair for Haynes and Boone's Energy Practice Group, to talk about his book. Oil Capital is a historical look at the emergence of the US oil and gas industry. BUY HIS BOOK: https://www.amazon.com/Oil-Capital-American-Wildcatters-Independents/dp/0692817328/ref=sr_1_1?dchild=1&keywords=OIl+Capital+by+Buddy+Clark&qid=1591751436&sr=8-1

A wonderful conversation with director of the YouTube movie "A Stranded Nation" Heidi McKillop.  We chat about Canadian energy politics, ESG and what education means for the energy debate moving forward. Visit Heidi and her work on her YouTube page: https://www.youtube.com/channel/UCimA-X9VVPpGoYJFhlX_n_A

A wonderful interview with Alex Epstein, the author of the New York Times best selling book "A Moral Case for Fossil Fuels".  We chat about all things energy, from investor education to the true history of how crude oil became the worlds most widely used fuels. Buy Alex's book: https://www.amazon.com/Moral-Case-Fossil-Fuels/dp/1591847443 Center for Industrial Progress Newsletter: https://industrialprogress.com/  

A wonderful conversation with the expert at Netherland, Sewell & Associates, Inc and John Cliver (Vice President) and Rick Talley (Senior Vice President) Key takeaways: Production curtailment and shut-ins could have impacts on a company's reserves, but not as much as you might think. Pricing assumptions used in reserve reports will vary, so value impacts will be varied as well. Not all wells that are shut in will respond the same on re-activation. They reviewed 550 wells  in the Balkken and 90% came back right on or above the rates prior to shut in. Taking a look at historical shut ins in a more detailed review of individual wells verified the 30,000 foot view. Upon restart NSAI expects some additional costs associated with deferred well or field repair costs to account for in cash flow projections. Not all wells that are shut in will respond the same on re-activation. Slide deck via: https://www.oilandgas360.com/exclusive-360-energy-expert-network-video-interview-netherlandsewel/  

A wonderful conversation with our friends at WolfePak Software, CEO Brent Rhymes and CTO Ryan Lailey. Key takeaways: Process automation needs to happen from the pumper through accounting. We are required to do more work with fewer employees, and automation is not optional. The oil and gas community needs to stick together for support. The software development team takes the end users job requirements to heart. From the pumper to the accountant, each has different needs.

Wondering conversation with Ajax Analytics and CEO Brent Buck Key takeaways: Proactive: Notifications with the surrounding community for the environmental impact in real time. This sense of community involvement goes a long way with complete transparency and good will. Demonstrating that the oil and gas company is monitoring and managing their impact shows the commitment to the local community. Reactive: If there are claims being made about environmental impacts that are unfounded, the monitoring data can be provided to show the true levels of impact. Oil and gas companies can show that their policies and procedures are actually supporting their ESG plans on environmental impact.

Wonderful conversation w/ the experts at Enverus and Chris Dinkler (SVP and GM of Business Automation). Key takeaways: Enverus means data. There is an untold amount of waste in logistics for the oilfield companies. Taking advantage of the Enverus vast data repositories as a solution can in fact save money and potential  jobs.

Wonderful interview with the experts at Sproule and Liam O'Brian (Strategic Advisory & Insights) and Christoffer Mylde (Senior Vice President, Corporate Development) Key takeaways: There are over 20 BCSE per day worth of projects that are approved and under construction for the U.S. Gulf Coast. The Europe market for LNG is now going head to head with the Russian pipeline gas. Being driven by political influences has set the stage for different solutions other than the Russian pipelines. You can download the Special Market Report: "Finding the Silver Lining: North American Natural Gas." on their home page. The fundamental demand drivers for the LNG market remain strong in the medium to long term. Natural Gas is still the transition fuel of choice for coal to renewable migrations. Demand will only increase.  

The oil & gas companies are facing catastrophic times for the long term stability of their firms. Oil prices are not the only external factors putting the very existence of oil & gas companies at risk. Investors and consumers are demanding ESG that solutions are used in daily operations,  while more profits are delivered to the stakeholders. Jon Rogers, CEO, Locus Bio-Energy, Dan Genovese, Director, Enercom, and myself were able to sit down and cover the key concerns of stake holders in today's market. The Locus Bio-Energy products are designed from the ground up as HSE-friendly products that are 100% biodegradable, and low-toxicity. Well production can achieve 50 to 400% through the use of biosurfactant, and high-efficiency well stimulation treatments . These additive solutions improve production, while reducing the impact to the environment, are critical to corporate survival. Now here is the absolute cool part of this interview. The Texas Railroad Commission approved the products for a new 10-year H13 tax credit for the use of a green EOR technology. Jon was thrilled to announce that the approval just happened before the day before our interview. So, for the question "What is green, supports ESG, and has a 10 year tax deduction?", I think you can now guess who has the answer. Watch the interview with Jon for the details.

Wonderful conversation with the experts at Premier Oilfeild Group and Bilu Cherian (SVP Technology - Director of Reservoir Systems) and Frank Zamora (SVP) Key takeaways: Shutting in a well is not is as easy as turning a switch. There are many issues to consider including the parent /child relationship, volume, reservoir, decline curve, and even if the well can be brought back on line. Many operators are facing shutting wells just because of storage capacity. This has potentially a huge economic impact. Plans that can be prepared based upon actual data can help make decisions with the best possible outcomes. Premier Oilfield Group has data on over 200,000 wells, and over 240 million samples.

Wonder chat with the experts @ CAC Specialties and Jason Horwitz (SVP) and Billy Kroupa (SVP) Key takeaways: Off the shelf does not work in the D&O area, and each one needs to be crafted for the individual corporate circumstances. It is not just a check box - you need to have experts review the policy to ensure the coverage matches the circumstances. Sleep insurance - Can your board members, and executives, focus on their jobs rather that worry about every decision and how it may impact their personal assets? All restructuring is not the same. Sooner is always better (and maybe cheaper) but It is never too late to get the right coverage in place.  

Wonderful conversation with the experts at Sproule. You hear from Deb Ryan, Senior Engineering Manager, and Liam O'Brien, Strategic Advisory and Insights Lead. Topics include: Natural gas is a huge portion of the oil production with 30% of the gas coming from the Permian compounded year on year. The production will be coming down, but there is not the demand increase to support the market price increase. This will change towards the end of year . ​The bulk of the demand losses are mostly in Q2, and look to grow through next year to 2019 levels. Traffic congestion levels of automobile traffic in world wide are increasing. The data looks like we may be in demand curve trough, and that demand in road demand for fuel could be coming back quickly. In considering the natural gas; the Bakken has shut down production issues,. The Permian is going to still have flaring and product loss issues until till the price comes back. The Marcullus has been performing with cost efficiencies already in place, and will not have the impact as the other basins.

Key Takeaways: We are all in this together. There is a 100% correlation between poverty, health and energy. India's leadership want to elevate their population out of extreme poverty and that will take fossil fuels due to economics. China is facing massive economic problems and energy production will come from coal and other fossil fules. This is not a matter of Green vs Fossil; it is an issue of using the resources of the earth to better mankind, while being good stewards. Merriam-Webster defines stewardship as 1: the office, duties, and obligations of a steward 2: the conducting, supervising, or managing of something especially : the careful and responsible management of something entrusted to one's care. Example of stewardship in a sentence; "she believes that stewardship of the environment is everyone's responsibility" PURCHASE INCONVENIENT FACTS: https://www.amazon.com/INCONVENIENT-FACTS-science-that-doesnt-ebook/dp/B079MLP7DN/ref=sr_1_1?crid=174NAJMFE6004&dchild=1&keywords=inconvient+facts&qid=1588168848&sprefix=inconvient+%2Caps%2C184&sr=8-1 Gregory Wrightstone is a geologist and author of the bestselling book, "Inconvenient Facts: The science that Al Gore doesn't want you to know". As a strong proponent of the scientific process, Gregory is a leading voice in the large and growing climate change skeptic community.Among his many qualifications, including a BS and MS in geology, he was recently added as an Expert Reviewer for the Intergovernmental Panel on Climate Change (AR6).

We had the opportunity to visit with Tisha Schuller about the importance of ESG during life after Covid. One of the key take aways from the interview is that our millennial work force in the Oil & Gas market is one of the United States' national treasures.  It is a great discussion with Dan Genovese, Director, EnerCom; Michael Tanner, Host of 360 Digital Closing Bell; and Stu Turley the Director of Oil and Gas 360. Tisha is a leader in the Oil & Gas industry, with a unique background. She started out as an environmental activist,. We were talking about ESG and the importance to investors and consumers. But we turned to the importance of the millennial leaders in the energy and oil & gas market. Key Takeaways: Oilfield companies  need to lower the  impact to the environment. Investors and consumers are no longer complaisant about ESG. Our millennial work force is in fact a national treasure that can change the public messaging around the oil and gas industry. Contact the Adamantine Energy Team via www.energythinks.com

We had the opportunity to sit down with Miguel Peña, President, TenEx Technologies. In 2006, they acquired mines for real estate development, in the process founded a frac sand mine and pivoted when they saw an opportunity to service the O&G industry. They later started the technology company to bring more value to their oil field sand clients with a more diversified product offering. Their first client was a wild success with over 150 wells using the solutions. Key Takeaways: Oilfield companies  need to lower the  impact to the environment. Investors and consumers are no longer complaisant about ESG. Experts are more important as corporations are unable to maintain their employees FTE, and must rely on technology. Improving the parent/child relationship is critical in saving depletion rates and reducing additional drilling.

We were able to sit down with Bernadette Johnson, Vice President -Strategic Analytics, and Aaron Vanderford, President, EnerCom. Bernadette has presented at EnerCom in the EnerCom investors conference in Denver and you can see her presentation below this interview. Bernadette took us through a lot of information in our interview. Sit down with a pen in hand to take notes on all of the data covered in this interview. The question of the day is "how committed is the OPEC, Russia and US price war"?  The longer this drags on will impact the economy in several different ways. If it is the airlines, travel or food service, they are fairly elastic and will respond favorably when travel and restrictions are lifted. Record number of unemployment is expected this week and will be a significant factor on some of their data models. If the price war continues the damage to the economy will go past the elastic portions and into areas that will be tougher to recover. The bottom line: "Don't make a decision with out data, and Enverus should be part of the process.".

Dan Genovuse, Director, EnerCom, and Stu Turley, Publisher, Oil & Gas 360, were able to sit down for a visit with Sean Strawbridge, CEO, Port of Corpus Christ  to discuss the current crisis, and the processes already being implemented by the port. What is the growth curve from the existing contracts oil and gas is still unknown, and the increased agricultural export contacts would not be able to balance the unknown growth potential in energy. Sean was able to point out that a change in the shipping lanes to the local markets of Mexico may be an opportunity to keep the energy exports moving, and protect the supply chain to Mexico for their energy imports. Continued reliance on unstable world wide supply changes would not be good for either the United States, Mexico or Canada.