Oil and Gas Startups Podcast

Summer Shedd-Campbell, a seasoned advisor from The Baldwin Group, joins Collin in "The Ugly Truth About Oil, Gas, and Insurance." Summer delves into how insurance intricacies shape the oil and gas industry, focusing on the challenges operators face in a high-risk landscape. Key insights include the power of data in securing better insurance terms, the role of AI in optimizing risk strategies, and the evolving dynamics of underwriting. Summer shares her journey from Medtech to insurance, driven by a personal connection to the energy sector, and offers a contrarian view on using data and tech to improve insurance outcomes. With her expertise in insuretech and a fresh take on managing industry risks, Summer explores global market challenges, carrier trends, and the promising future of insurance in energy.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.Click here to watch a video of this episode. 00:00 - Intro00:33 - Summer's Journey into Insurance05:43 - Impact of Bad Data on Underwriting14:00 - Proper Coverage for Operations16:34 - Technology's Role in Insurance19:37 - Data Requirements for Underwriters22:00 - Broker Collaboration Explained25:25 - Is Oil and Gas Becoming Uninsurable?29:55 - Educating on Risk Optimization32:45 - Consequences of Uninsurable Oil and Gas Assets34:25 - Unique Discussion Pointshttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

Join over 4,000 professionals in the next-generation community for the energy industry

Join over 3,000 professionals in the next-generation community for the energy industry

Join over 3,000 professionals in the next-generation community for the energy industry

Join over 3,000 professionals in the next-generation community for the energy industry

Join over 3,000 professionals in the next-generation community for the energy industry

In this episode of the Oil and Gas Startups Podcast, we dive deep into "The Shocking Truth About Acidizing in Oil & Gas!" with guest Britton Siegert, CEO and Managing Partner at Texas Integrity Acid Solutions LLC. Discover how Britton is revolutionizing the acidizing process with innovative solutions that tackle inefficiencies in the oil and gas sector. Britton Siegert, a seasoned expert in oil and gas with a background in engineering and field operations, shares his journey from the mining sector to leading a tech-driven startup. His commitment to safety and efficiency is reshaping the industry's standards.00:00 - Intro02:34 - Acidizing Process Explained04:48 - How Acidizing Works06:16 - Risks of Improper Acidizing07:05 - Journey to Current Role10:08 - Entry into Oilfield Industry14:09 - Innovations in Acid Stage17:45 - Motivating Attention to Detail22:30 - System Design Overview27:05 - Mobile Operation Challenges28:33 - Current System Deployment Locations29:58 - Future Plans for Texas IntegrityFind us here

Join host Jake as he catches up with Clay and Miles, discussing their journey over the past two years since their last appearance on the podcast. Discover how Rivitt has deployed a completely wireless, real-time automated data delivery system, transforming the oil and gas sector.Clay and Miles shared their early days, starting with rubber maids and homemade sensors to now deploying sophisticated wireless tech that's reshaping the industry. Their relentless problem-solving and iterative improvements have led to innovations that ensure minimal onsite intervention and maximum data accuracy.Traditional companies required clients to adapt to their platforms, leading to inefficiencies and potential data breaches. Rivitt flipped the script by delivering raw, real-time data directly to clients' clouds, ensuring data security and empowering teams to build tailored solutions.With real-time data streaming, operators can automate logistics, anticipate needs, and ensure seamless operations, much like McDonald's efficient inventory system but for the oil and gas industry.Rivitt is poised to further innovate with their Pulse product, integrating visual data, centralized communication, and customizable event detection rules, making it a game-changer in the field.Rivitt's advancements reflect the broader technological shift in the oil and gas sector, driven by a new generation of decision-makers eager to integrate cutting-edge tech into traditional operations.0:00 - Guest intros0:33 - What Rivitt does6:29 - How the reception has changed over the last 2 years16:22 - Pulse by Rivitt18:35 - Democratization of data23:34 - Evolution of the hardware28:54 - How many devices are on location at a time35:47 - What's been the hardest part of the last 2 years38:23 - Buying back your time42:10 - Hiring the right people45:36 - What are you most excited about49:23 - The Pulse Flywheel EffectFind us here

Dive deep into the complex world of California's energy policies with this enlightening episode of the Oil and Gas Startups Podcast! Collin welcomes Mike Umbro, Partner at Premier Resource Management, for a no-holds-barred discussion on the state's controversial energy landscape. Discover how Mike, known as "California's Worst Nightmare" on Twitter, leverages his expertise and social media influence to call out flawed energy policies and advocate for more logical solutions.Mike Umbro is a Partner in Corporate Development at Premier Resource Management. With a background in finance and a passion for energy policy, Mike has become a vocal critic of California's energy regulations. His insightful and often humorous social media posts have earned him a loyal following and positioned him as a thought leader in the industry.0:00 - Intro1:12 - Mike's Early Content3:30 - Mike's Background9:23 - Permitting Challenges for Geothermal15:00 - Environmental Regulation in California19:58 - Geothermal Energy Storage (GTECH)25:25 - How GlassPoint's Technology Works29:25 - Economics of GlassPoint30:25 - GlassPoint: Asset or Technology Play32:00 - Scaling GlassPoint35:00 - Land Usage and Surface Agreements38:00 - Application to Other Basins40:30 - Seismic Concerns42:00 - Long Duration Energy Storage44:08 - Solar Plus Battery46:15 - SubsidiesFind us here

Dive deep into the future of lithium extraction with this compelling episode of the Oil and Gas Startups Podcast!

Jim Paladino, Earl Crochet, and Jim Heim. Discover how their revolutionary sensor technology, initially developed for military and drug enforcement purposes, is transforming the oil and gas sector.Key Takeaways:- The fascinating backstory of Perceptive Sensor Inc., from a barber shop discovery to cutting-edge tech.- How non-invasive sensors provide real-time fluid identification in pipelines and tanks.- Industry insights on the applications of this technology in Downstream and Upstream sectors.- The future of fluid tracking and digital manifests in oil and gas and beyond.The Problem:Traditional methods of fluid identification and tracking are invasive, costly, and often inaccurate.AI to the Rescue:Perceptive Sensor Inc. uses advanced acoustic fingerprinting to accurately identify and quantify liquids without cutting into pipes or tanks.Industry Insights:Understand the critical role of real-time fluid analysis in reducing yield loss, ensuring product quality, and enhancing operational efficiency.The Future:Explore the potential of this technology in other industries such as chemicals, food processing, and logistics.Guest Bio:Jim Paladino, Director of Finance; Earl Crochet, Senior Vice President of Business Development for Oil & Gas; and Jim Heim, CEO of Perceptive Sensor Inc., bring decades of experience and innovation to the table, offering unparalleled insights into the future of sensor technology in industrial markets.CHAPTERS:0:00 - Perceptive Sensor Technologies1:15 - How the Technology Was Invented6:41 - Founders' Early Days at Perceptive Sensor10:38 - Technology Functionality Explained16:58 - Transmix Applications18:37 - Upstream Oil & Gas Applications21:28 - Data Integration and Utilization23:40 - Data Feed Systems27:08 - Pricing Model for Technology29:37 - Cross-Industry Applications32:03 - Tank ApplicationsFind us here

Bridget Silva reveals how Geothermal Holdings is leveraging cutting-edge geothermal innovations to transform the energy landscape. With over two decades of experience in energy technology and commercialization, Bridget shares her journey from Dell and HP to her current role, shedding light on the evolution and future of geothermal energy.

Join host Collin as he chats with Richard Zamora, Director of Performance & Automation, and Marat Zaripov, CEO & Founder of AI Driller. Discover how AI Driller is revolutionizing the oil and gas sector by integrating advanced AI solutions to enhance drilling and completions.

Vertice Oil Tools was founded in 2018 to commercialize a limitless sliding sleeve design, but pivoted to developing frac plugs and refrac liner tools as sliding sleeves lost market share to plug-and-perf operations.Their key product is a hydraulically disconnecting refrac liner that enables zonal isolation for refracturing existing wells. This liner tool significantly reduces costs and time compared to traditional cut-and-pull refracking methods.The company uses data analytics to help operators identify good candidate wells for refracs by modeling expected production uplift based on offset well data and known geology/reservoir characteristics.Refracking activity is seeing adoption growth, especially in the Eagle Ford, Haynesville, and Bakken basins. The refrac market is expected to grow from around 150 jobs in 2022 to 300-400 in 2023.Refracing economics are being improved through techniques like tying refracs to new frac operations on multi-well pads to share crew costs. Using remote frac lines run thousands of feet from active frac spreads is also being explored to reduce costs for single well refracs.Find us here

We explore the fascinating world of emissions technology innovations with Jenny and Madison from ChampionX.Introduction to ChampionX:Jenny and Madison introduce ChampionX, a renowned company in the chemical sector, now making significant strides in emissions technology. They detail the acquisition of Scientific Aviation in 2021, marking their ambitious entry into emissions monitoring.Emissions Technology Focus:Our guests discuss ChampionX's expanded focus, which now includes production automation, digital technologies, and advanced emissions solutions. The conversation covers the development of various monitoring technologies such as continuous monitoring systems, drones with advanced optical capabilities, and rapid assessment planes.Comprehensive Solutions:Emphasizing their strategic goal, Jenny and Madison explain ChampionX's approach to providing comprehensive solutions rather than standalone products. This approach is part of their commitment to improving industry operations and environmental compliance.Navigating Industry Challenges:The discussion shifts to the regulatory landscape, highlighting the complexities and challenges of complying with new emissions regulations. ChampionX is proactive in adapting their technologies to meet these evolving standards, thereby supporting operators in achieving compliance.Future Outlook and Innovations:Looking forward, Jenny and Madison share insights into future developments at ChampionX, focusing on continuous innovation and enhancement of their emissions monitoring technologies to better serve the industry's needs.Find us here

This week on the Oil and Gas Startups podcast, we were excited to host Jim and Tad from Riot Edge Solutions, recent winners of the Midland Energy Tech Night championship.Introduction to Riot Edge Solutions: Learn about Jim and Tad's backgrounds and their journey to founding Riot Edge Solutions, a company innovating at the crossroads of technology and energy.Winning at Midland Energy Tech Night: A look at their recent victory and what it means for their company and its visibility in the industry.Edge Computing in Oil and Gas: Discussing the shift towards edge computing, the advantages it offers for real-time data processing, and how Riot Edge Solutions is leveraging this technology to transform operations.Product Showcase: Dive into the technical aspects of Riot Edge Solutions' products, including how their sensors improve operational efficiency and data accuracy in oil and gas operations.Industry Impact and Future Trends: Explore how edge computing continues to evolve and what future developments Jim and Tad foresee in the technology landscape of the oil and gas industry.Find us here

This week on our podcast, we were joined by Matt Gallagher, the CEO of Greenlake Energy, alongside his colleague Rob, as they discussed the exciting developments at their company and in the energy sector. Here's what we covered:Building a Tall Team: Insights into the dynamic and impressive team at Greenlake Energy, noted not only for their professional expertise but also for their towering statures.Greenlake's Bitcoin Ventures: How Greenlake Energy is pioneering the integration of Bitcoin strategies into their energy projects, in partnership with leading Bitcoin advisory firms.Advanced Data Management: A deep dive into Greenlake's innovative use of real-time data analytics and how they manage to stay ahead of the curve with their high-tech dashboard systems.Strategic Investments for Scalability: Discussion on the strategic decisions behind Greenlake's investments and their plans for scalable growth in the energy sector.Rapid Tech Integration: The importance of swift technological integration in Greenlake's operations, enhancing their flexibility and efficiency in the competitive energy market.Find us here

Georges discusses the pivotal role of MIQ in tackling methane emissions within the oil and gas industry, emphasizing the significant environmental impact this could have by 2030.This episode dives into:The gathering of major figures and executives in the energy sector during Sarah week, including discussions centered around methane emissions.MIQ's (Methane Intelligence Quotient) crucial function in identifying and addressing methane leaks in the oil and gas industry, using existing technologies and methodologies.The role of certification and market forces in encouraging companies to reduce methane emissions, alongside the introduction of grading systems for emissions assessment.The potential environmental impact of addressing methane emissions effectively, likened to removing 1 billion cars off the road or vastly surpassing the emissions reductions from the aviation sector.The application of MIQ's certification system, which provides transparency and a standardized approach to measuring and reporting methane emissions, facilitating better industry practices and consumer choices.Insights into the technological and operational frameworks utilized by MIQ to ensure the reliability and scalability of methane monitoring.Discussions on the broader implications for the energy market, including the financial, regulatory, and competitive pressures that drive companies towards lower methane emissions.Future projections for MIQ and the methane management landscape, emphasizing the need for widespread adoption and integration into global energy systems by 2030.Find us here

In this episode, we explore the transformative journey of Amplified Industries, a company at the forefront of oilfield automation and production optimization. From its inception, Amplified Industries has been dedicated to enhancing the efficiency of oilfield operations through advanced automation and control systems. Founders Sebastian and Charles share their unique backgrounds, from quantum physics and aerospace to mathematics, and discuss how their paths led them to revolutionize oilfield technology. We delve into the challenges of traditional SCADA systems, the development of proprietary hardware, and the power of high-resolution data analytics in optimizing oil production. The episode also highlights customer success stories across various states and the company's vision for the future.Key Points Discussed:The mission of Amplified Industries to build next-generation automation and control systems for the oilfield, aiming to improve production efficiency with high-resolution data pipelines.The evolution of the company, focusing on providing actionable insights for production engineers, automating well operations, and offering real-time alerts for operational issues.The diverse backgrounds of the founders in quantum physics, aerospace, and mathematics, and their journey into the oil and gas industry, driven by a passion for technological innovation.The limitations of traditional SCADA systems and the opportunities for leveraging modern technology to bring advanced data analytics and automation to oilfield operations.The integration of proprietary hardware and cloud infrastructure by Amplified Industries to offer a comprehensive view of field operations, enabling predictive maintenance and production optimization.Customer success stories demonstrating significant production increases and operational efficiencies, with installations across 10 states and plans for international expansion.The future vision of Amplified Industries, focusing on continued growth, expanding technological offerings, and exploring new applications for their data-driven approach in the energy sector.Join us as we delve into the journey of Amplified Industries, highlighting its role in driving innovation and efficiency in oilfield automation, and discussing the future of technology in the energy sector.

In this episode, we catch up with Kyle from Iconic Air, returning to the podcast after a significant period of growth and development for both Iconic Air and the broader carbon accounting landscape. With the oil and gas industry facing increasing regulatory scrutiny and market demands for cleaner energy, Iconic Air positions itself as the essential tool for operators to manage their carbon data efficiently and comply with evolving standards.This episode dives into:Kyle's journey with Iconic Air, from its early days as a concept born out of a business plan competition at West Virginia University to securing $5 million in venture capital and growing into a key player in the carbon accounting space.The current state of carbon accounting, including the SEC's new regulations requiring carbon data disclosure and how this is equivalent to financial data in terms of company valuation.The various carbon accounting frameworks and regulations impacting operators, including the EPA's protocols and the implications of the IRA bill, which introduces waste emissions charges and tighter leak detection and repair timelines.The market-driven demand for carbon accounting, beyond regulatory compliance, as energy consumers and financial institutions increasingly tie the cost of capital to emissions, pushing for cleaner energy sources and certified natural gas.Iconic Air's approach to simplifying the carbon accounting process for operators of all sizes, offering a "Turbo Tax" solution that aggregates and processes carbon data according to multiple frameworks, making compliance and reporting straightforward and efficient.The challenges and opportunities facing Iconic Air and the oil and gas industry as they adapt to the new realities of energy production, sustainability, and environmental stewardship.Join us as we explore how Iconic Air is helping to navigate the complex and rapidly evolving world of carbon accounting, driving efficiency, and supporting the industry's transition towards more sustainable practices.

In this episode, we sit down with Kate Stevenson, a leading figure at Novus Consulting, to explore the transformative role of data management and technology in the energy sector. With a rich background that spans from Accenture to Chesapeake and beyond, Kate brings a wealth of experience and insights into solving the industry's most pressing challenges through innovative data strategies and technology solutions.This episode dives into:The mission and services of Novus Consulting, focusing on data management technology consulting for the energy sector, including strategy development, technology implementation, and data integration.Kate Stevenson's journey through the energy industry, highlighting her transition from Accenture to pivotal roles at Chesapeake and SandRidge, and her deep-rooted connection to the oil and gas legacy.The persistent challenge of data management in the energy sector, emphasizing the critical need for clean, well-organized data as the foundation for advanced analytics, AI, and operational efficiency.The impact of mergers and acquisitions (M&A) on data integrity and the strategies employed by Novus Consulting to ensure seamless data integration and cleanliness during these transitions.The evolving landscape of field operations technology, with a focus on automating work orders and optimizing lease operator workflows through advanced data-driven solutions.The potential and challenges of applying AI and machine learning in the energy sector, including the importance of data architecture and the need for industry-specific contextualization.The trend towards outsourcing IT functions and the shift towards SaaS platforms, reflecting on how these changes affect data management and technology adoption in energy companies.The exciting opportunities and projects within the midstream sector, showcasing how standardized processes and shared services can lead to operational efficiencies and cost savings.The conversation around Bitcoin mining within the energy sector, touching on the intersections between energy management, regulatory changes, and the emerging opportunities for synergy between oil and gas operations and cryptocurrency mining.Join us as Kate Stevenson shares her expert perspective on the critical role of data and technology in driving the future of the energy industry, from operational excellence to innovative solutions that bridge traditional energy and emerging digital assets.Find us here

In this episode, we dive into the journey of PetroVybe, an oil and gas development company with a mission far beyond just drilling wells. Peter Snell, joining us from Dallas, shares the vision of PetroVybe as not just an operator in the energy sector but as a source of fuel for the grid, powering the future with a focus on stewardship and innovation.This episode explores:The unique approach of PetroVybe in the oil and gas industry, emphasizing stewardship, innovation, and the creation of tangible value.The backstory of Peter Snell, from a business fixer to the founder of PetroVybe, and how his faith and philosophy of stewardship shape the company's mission.The challenges and strategies of fundraising in an industry transitioning towards more disciplined and sustainable practices.PetroVybe's business model, aiming for scale and reinvestment to overcome the decline curve and create critical mass in production.The importance of long-term vision in the oil and gas industry and how PetroVybe plans to achieve a significant impact within five years through disciplined reinvestment and strategic growth.Join us as we uncover the story of PetroVybe, a company striving to redefine success in the oil and gas industry through stewardship, innovation, and a commitment to fueling the future responsibly.Find us here

In this episode of the Oil and Gas Startups Podcast, we dive into Ikon Science's innovative approach to geoscience data management. With a history spanning over two decades, Ikon Science is not a startup but is launching a new product that embodies a startup mentality. This product aims to transform the accessibility and management of geoscience data, leveraging generative AI and machine learning to bring data management out of the archives and into operations.This episode dives into:The origin and evolution of Ikon Science, highlighting its expertise in rock physics and geoscience.The challenges and solutions in managing geoscience data, including the transition from traditional methods to leveraging AI for better data accessibility and management.The introduction of Curate, Ikon Science's new product designed to centralize and streamline the management of subsurface data, making it easily accessible and actionable.The role of generative AI and machine learning in enhancing data management processes, from automating data categorization to generating insights and facilitating better decision-making in geoscience.The impact of advanced data management on the geoscience field, including the potential for a resurgence of G&G professionals and the importance of adapting to modern data management technologies to stay competitive.Join us as we explore how Ikon Science is addressing the pressing need for improved data management in the geoscience domain, promising to revolutionize the way geoscientists access, manage, and utilize data to drive better outcomes in their operations.

In this episode, we delve into the fascinating intersection of the energy sector and technology through the lens of Bitcoin mining. With insights from industry insiders at Digital Wildcatters and special guest Chuck Yates, we explore how energy companies are increasingly becoming tech companies, and vice versa, driven by the demands of high-performance computing and the opportunities presented by Bitcoin mining.This episode dives into:The strategic decision by EQT, the largest natural gas producer in the US, to curtail production due to low natural gas prices and the potential impact of redirecting that energy towards Bitcoin mining.The acquisition of a data center by AWS for $650 million, highlighting the trend of tech companies venturing into energy management to support their computing needs.The evolution of Bitcoin mining from a niche activity to a significant player in the energy market, offering innovative solutions for managing flare gas and optimizing energy use.The role of high-performance computing in driving the demand for energy and the implications for energy companies to adapt and innovate.The challenges and opportunities for oil and gas companies to integrate Bitcoin mining and other tech-driven energy solutions into their operations, including considerations for infrastructure, maintenance, and regulatory compliance.The potential for energy companies to leverage Bitcoin mining not only as a revenue stream but also as a strategic tool for energy management, environmental compliance, and enhancing operational efficiency.Join us as we explore how the convergence of energy and technology is reshaping the landscape of both industries, offering new opportunities for innovation, sustainability, and profitability.

In this episode, we explore Conduit Power's groundbreaking solution to transform stranded flared gas into valuable power, offering a sustainable and profitable alternative for E&P producers, with insights from co-founders Ben and Travis on their journey through the evolving landscape of energy transition and distributed generation.This episode delves into:The origin story of Conduit Power, highlighting how Ben and Travis leveraged their backgrounds in the energy sector to address the challenge of low gas prices and high power volatility, creating a unique business model that benefits E&P producers by converting stranded gas into electricity.An in-depth look at Conduit Power's turnkey solution, which encompasses design, build, operate, and manage services, enabling E&P producers to monetize stranded gas efficiently and contribute to the grid's stability.The significance of power quality and the innovative use of battery storage alongside natural gas turbines to ensure reliable and dispatchable power, addressing the intermittent nature of renewable energy sources like wind and solar.The broader implications of distributed generation and the role of natural gas as a transitional fuel in achieving a balanced and sustainable energy mix, emphasizing the need for a holistic view that includes thermal generation alongside renewables.Conduit Power's growth trajectory and future plans, including expanding into new markets like PJM and partnering with more E&P producers to unlock the value of stranded gas, underscoring the company's commitment to energy transition and grid stability.Join us as we dive into the transformative work of Conduit Power, shedding light on the potential of stranded gas as a key player in the energy transition, and how innovative business models and technologies can pave the way for a more sustainable and efficient energy landscape.

In this episode, we sit down with Philip and Roxanne from Envana, a digital software solution for emissions management, to discuss how their SAS company, incubated at Halliburton, is helping the oil and gas industry navigate the complex world of emissions management and regulatory compliance.This episode dives into:Introduction to Envana: Understanding the genesis of Envana as a startup within Halliburton, focusing on digital solutions for emissions management in the oil and gas sector.Roxanne's Background and Role: Exploring Roxanne's journey from mechanical engineering to becoming the Director of Stewardship and Sustainability at Halliburton, and her involvement in the development of Envana.Challenges in Emissions Management: Discussing the difficulties in accurately quantifying and reporting emissions in the oil and gas industry, and how Envana addresses these challenges.Regulatory Changes and Industry Impact: Analyzing the implications of new regulations like the Inflation Reduction Act, Quad B, Quad C, and EPA reporting Subpart W on the oil and gas industry.Modularity and Adaptability of Envana: Highlighting the modular design of Envana's software, which allows it to adapt to various regulatory and voluntary environmental initiatives globally.Data Integration and Analysis: Exploring how Envana integrates with existing sensors and data sources to provide comprehensive emissions data and scenario modeling for better decision-making.User Experience and Interface: Discussing who the end-users of Envana are, ranging from sustainability teams to management and operations, and how they interact with the platform.Scenario Modeling and Business Impact: Delving into how Envana helps companies model different scenarios for emissions reduction and understand the financial implications of regulatory compliance.Future Expansion and Potential: Considering the potential for Envana to expand beyond the oil and gas industry and adapt to a broader range of environmental management needs.This conversation provides an in-depth look at how Envana is revolutionizing emissions management in the oil and gas industry, offering innovative solutions to meet the growing demands of environmental stewardship and regulatory compliance.

In this episode, we sit down with Tim Taylor of Midnight Marketing, discussing his journey as an entrepreneur, the challenges and successes of running a marketing agency, and the unique insights gained from operating internationally.This episode dives into:Tim Taylor's Background: Exploring his roots in Montreal, his entrepreneurial journey, and the inception of Midnight Marketing.Midnight Marketing's Focus: Delving into the company's specialization in branding, websites, and marketing for the oil and gas sector.Challenges of Operating in Mexico: Tim shares his experiences and the difficulties faced while managing his business remotely from Mexico, particularly issues with internet connectivity.Building a Team in Montreal: Discussing the dynamics of building a creative team in Montreal, a city not typically associated with the oil and gas industry, and educating them about the sector.Importance of Branding and Marketing in Oil and Gas: Highlighting the opportunities and necessity for improved branding and marketing within the traditionally technical oil and gas industry.Utilizing AI in Marketing: Exploring how Midnight Marketing incorporates AI tools like Jasper to enhance their services and customer experience.Delegation and Team Management: Tim's insights on the importance of delegation, establishing a hierarchy, and the challenges of managing a team as an entrepreneur.Future of Marketing in Oil and Gas: Discussing the evolving landscape of marketing in the energy sector and the role of innovative approaches in shaping the industry's image.This conversation offers a glimpse into the world of marketing within the oil and gas industry, emphasizing the importance of creativity, innovation, and effective team management in building a successful agency.

In this episode, we engage in an insightful conversation with Ryan Rice, discussing his journey in the oil and gas industry and the innovative work at Resnet, a software and services startup focused on revolutionizing production operations and reservoir engineering.This episode dives into:Introduction to Resnet: Exploring the mission and services of Resnet, which aims to unite field and office operations through innovative software solutions and technical services.Well Tender - Field Service Management: Discussing Resnet's well tender field service management and field dispatching solution, designed to optimize production operations by ensuring efficient job allocation and safety.Gamification in Operations: The unique approach of incorporating gamification into operational processes to enhance engagement and efficiency.Intelligent Flow Control Services: Delving into Resnet's specialized services in reservoir engineering, particularly in conducting advanced well testing campaigns to understand well communication and influence asset development programs.Building a Tech-Driven Business: Ryan Rice shares insights on self-funding Resnet, balancing software development with consulting services, and the importance of cash flow in a startup.Evolution of Resnet's Vision: The journey from the initial concept of production as a service to the current focus on addressing communication and data access challenges in the oil and gas industry.Influence of Salesforce on Resnet: How the adoption of Salesforce at Rice Energy inspired the development of Resnet's platform, emphasizing the need for efficient and integrated business operations.Ryan Rice's Background and Career Path: From his early days working in the field at Rice Energy to pursuing petroleum engineering and eventually co-founding Resnet.The Future of Oil and Gas Technology: Discussing the evolving landscape of the oil and gas industry and the role of technology in driving future developments.This episode offers a deep dive into the innovative world of oil and gas technology, highlighting Ryan Rice's unique perspective and the transformative work being done at Resnet.

In this episode, we sit down with Jerem McGee from New Horizon Oil and Gas to discuss the current state and future of exploration in the oil and gas industry, focusing on opportunities in deeper basins and the role of technology in identifying new prospects.This episode dives into:The State of Exploration: Discussing the decline of exploration departments and the shift towards drilling in existing areas.Opportunities in Deeper Basins: Exploring the potential in Gulf of Mexico, South Louisiana, and Texas for new drilling opportunities.Jerem McGee's Background: Tracing Jerem's journey from a military background to a career in oil and gas, focusing on exploration in South Louisiana.Conventional vs. Unconventional Exploration: The decision to stay with conventional exploration methods and the success achieved in this area.Techniques in Exploration: Understanding the use of 3D seismic technology, amplitude with Avo, and structural closures in identifying hydrocarbon reservoirs.Challenges of Shallow Water Drilling: Insights into the logistics and challenges of drilling in shallow waters and dealing with state regulations.Economics of Conventional Wells: Discussing the cost, depth, and potential returns of drilling conventional wells in the current market.Carbon Capture Initiatives: Jerem's involvement in carbon capture projects and the growing interest in this area within the industry.Future of Oil and Gas Exploration: Perspectives on the future of exploration and the role of technology in uncovering new opportunities.This conversation provides a deep dive into the world of oil and gas exploration, highlighting the challenges, opportunities, and technological advancements that are shaping the future of the industry. Learn more about Ironsight: https://bit.ly/3XkMj0WLearn more about EnergyX: https://bit.ly/3pedpdC

In this episode, we delve into the innovative world of Revsolz, where the team is transforming the completion space in the oil and gas industry by digitizing and optimizing data to enhance efficiency and effectiveness.This episode dives into:Revsolz's Mission: Focusing on improving the completion process in oil and gas by digitizing and analyzing data to make the process more efficient.Data Quality and Standardization: Addressing the challenge of unstructured data streams in completions and the importance of standardizing and cleaning data for analysis.Hardware and Software Integration: Discussing the integration of IoT devices, cloud computing, and data science to gather and process data from completion fleets.Backgrounds of the Founders: Exploring the diverse experiences of the team members, from working in major oil companies to specializing in petroleum engineering and data science.Challenges in Data Management: Tackling the issue of data quality and standardization in completions, a major hurdle in the industry.Real-time Data Analysis: Utilizing real-time data for immediate insights and decision-making during the completion process.Interference Analysis: Examining how Revsolz's technology helps in understanding and managing well interferences during completions.Financial and Operational Insights: Providing tools for better decision-making, though not delving into the financial details of operations.Future of Data in Oil and Gas: Discussing the potential of standardized data and advanced analytics in revolutionizing the oil and gas industry.This conversation provides an in-depth look at how Revsolz is leveraging technology to bring a new level of efficiency and insight into the oil and gas completion process. Learn more about Ironsight: https://bit.ly/3XkMj0WLearn more about EnergyX: https://bit.ly/3pedpdC

In this captivating episode of the podcast, we sit down with Steven Fipke from Flow Control to delve into the innovative world of reservoir management and explore his fascinating journey in the oil and gas industry.This episode dives into: Introduction to Flow Control: An overview of the company's blend of oil field services and technology, focusing on their development of the autonomous inflow control device for reservoir management. Steven Fipke's Background: A deep dive into Steven's personal and professional journey, including his childhood experiences with the oil and gas industry, his academic path, and his diverse experiences in various roles within the sector. The Evolution of Flow Control Technology: An exploration of how Flow Control's technology works, including the autonomous inflow control device that adapts to changing fluid viscosities to optimize reservoir output. Challenges in the Industry: Discussion about the specific challenges in reservoir management, particularly in managing water breakthroughs and optimizing oil recovery in various geological settings. Projects and Applications in Texas: Insights into Flow Control's projects in Texas, including their work in older oil fields and the unique challenges of managing reservoirs with high water cut. International Experiences: Steven shares his experiences working in various international locations, including the Middle East and Venezuela, and the impact of geopolitical factors on oil operations. Current Trends and Future Outlook: A conversation about the current state of the oil and gas industry, technological advancements, and predictions for future trends, particularly in reservoir management and production optimization. This episode offers listeners a comprehensive view of the complexities and advancements in reservoir management within the oil and gas industry, through the lens of Steven Fipke's rich experience and expertise. Learn more about EnergyX: https://bit.ly/3pedpdC

This episode of the "Willing to Start Us" podcast features an insightful conversation with Peter Harding, exploring the intersections of entrepreneurship, venture capital, and the energy sector.This episode dives into: Peter's background and journey from a San Francisco native to a key player in the energy sector. The influence of historical events like the Persian Gulf War on Peter's interest in energy independence. Peter's transition from an investment banking and venture capital background to entrepreneurship. The evolution of venture capital over the years, including changes in specialization and market dynamics. Insights into the challenges and strategies of raising venture capital, with a focus on timing and amount. The importance of product-market fit and the role of serendipity in startup success. Personal anecdotes and experiences that shaped Peter's entrepreneurial mindset. The contrast between the roles of an investor and an operator in the business world. Peter's perspective on the current state of venture capital and advice for aspiring entrepreneurs. Learn more about EnergyX: https://bit.ly/3pedpdC

This episode explores the innovative world of mobile turbine generators and their impact on industries ranging from oil and gas to data centers, highlighting the shift towards more sustainable and efficient power solutions.This episode dives into: The services offered by Lifecycle Power, specializing in mobile turbine generators for various industries. The transition from traditional diesel-powered equipment to electric solutions in the oil and gas industry, particularly in electric fracking (eFrac). The advantages of using turbine generators, such as their ability to utilize field gas directly from the ground, leading to cost savings and environmental benefits. The challenges and misconceptions associated with the consumption and efficiency of turbine generators. The impact of electrification on the demand for power and the constraints of the current grid infrastructure. The potential for turbine generators to provide emergency backup power in response to legislation changes and grid outages. The role of turbine generators in powering data centers and the anticipated increase in energy demand due to AI and other growing industries. The concept of self-generation for data centers and the competition for resources like grid access and fuel. The potential for collaborative power solutions between different operators and the legislative hurdles that need to be addressed. Learn more about EnergyX: https://bit.ly/3pedpdC

In this insightful episode, we sit down with Amy Chronis, a Deloitte veteran with a passion for innovation and transformation in the energy sector, to explore the dynamic changes and technological advancements shaping the industry.This episode dives into: Deloitte's Greenhouse Experience: Amy shares the concept behind Deloitte's Greenhouse facilities, designed to foster innovation and problem-solving through immersive experiences. Amy's Role and Focus: A look into Amy's extensive responsibilities, including her focus on client relationships, team development, and industry-specific challenges. Industry Evolution: Discussion on the ongoing transformation within the energy and chemicals sectors, emphasizing the shift towards advanced materials and diversified energy sources. Career Journey: Amy reflects on her career trajectory, from her early days at Arthur Andersen to her current leadership role at Deloitte. Economic Cycles and Learning: Insights into how economic booms and busts have provided learning opportunities and shaped Amy's approach to industry challenges. Diversity and Innovation in Houston: Amy talks about Houston's diversity and its role as a hub for energy evolution and innovation. AI and the Future of Energy: A deep dive into the transformative potential of AI in the energy sector, including its impact on operations, decision-making, and customer experiences. Challenges in the Energy Sector: Amy discusses the current challenges faced by energy companies, such as AI integration, supply chain issues, and the need for innovation in response to geopolitical pressures. Deloitte's Research and Insights: An overview of Deloitte's research on the energy sector, highlighting the financial performance of energy companies and the strategic use of surplus cash for innovation. Learn more about EnergyX: https://bit.ly/3pedpdC

In this episode, we delve into the world of midstream assets, exploring the challenges and opportunities in the sector, and how Midstream Holdings is bridging the gap between buyers and sellers.This episode dives into: Introduction to XCloud, a new cloud computing solution by EnergyX. Overview of Midstream Holdings and its role as an asset listing service for pipelines and facilities. The challenges of traditional M&A models and the need for a platform like Midstream Holdings. The reasons why such a platform hasn't been created before. The intricacies of midstream asset valuation and the factors considered. The process of listing and buying assets on the platform. The challenges faced by Midstream Holdings, especially regarding data protection and due diligence. The potential for joint ventures in the midstream sector. The business model of Midstream Holdings and its similarities to real estate transactions. Learn more about EnergyX: https://bit.ly/3pedpdC

This week on the podcast, we delve into the intricacies of data analytics in the energy sector, with a spotlight on the transformative journey of WellDatabase with CEO and Co-founder, John Ferrell.This episode covers: Catching Up with John: A heart-to-heart about personal transitions, moving away from the hustle and bustle, and the beauty of Montana. The Evolution of WellDatabase: From its inception to its current state, learn about the journey of this groundbreaking platform. The Data Revolution: How WellDatabase is changing the game by making data clean, usable, and analytical. Enterprise Challenges: The hurdles faced when selling high-quality, cost-effective solutions to big enterprises. Blockchain in Energy: A look into how blockchain could revolutionize gas trading and contract management. Machine Learning vs. Physics: Balancing the power of AI with the foundational knowledge of the energy sector. Startup Insights: Reflections on the importance of vision, the pros and cons of external capital, and the journey of building a sustainable business. Links: WellDatabase's Official Website  Connect with John on LinkedIn  Learn more about EnergyX: https://bit.ly/3pedpdC

Dive deep into the world of industrial markets with Marty Dytrych, the Co-Founder of Industrial Data Labs. Discover how AI is revolutionizing the sector, the challenges faced, and the innovative solutions on the horizon.Key Takeaways: The Backstory: How Marty's journey began and his longstanding connection with Jake. Industrial Data Labs' Rise: From winning at the energy tech night to gaining investor attention. The Problem: Understand the inefficiencies in manual TDS, technical sales, and sourcing within industrial markets. AI to the Rescue: How Industrial Data Labs is using AI to transform the valve market and streamline processes. Industry Insights: Why many tech startups fail in the oil and gas sector and the importance of truly understanding industry needs. A Contrarian Approach: Marty's unique strategy of focusing on distributors and manufacturers first. The Future: The push towards automating front office processes to compete on a global scale. Guest Bio:Marty Dytrych is the Co-Founder of Industrial Data Labs, a company at the forefront of applying AI solutions to industrial markets. With a deep understanding of the sector's challenges and a passion for innovation, Marty is on a mission to revolutionize the industry.https://www.linkedin.com/in/martydytrych/https://www.linkedin.com/company/industrialdatalabs/ Learn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdCGet Pre-Vetted Profiles and Claim 5% off Your First Hire: https://bit.ly/hirewithnearxdw

This episode explores the urgent challenges facing the energy industry, including the need for cleaner, more efficient solutions. We delve into Nabors' innovative strategy and investments in startups and technologies focused on geothermal energy, concentrated solar power, and energy storage. Tune in to understand how Nabors is playing a crucial role in shaping the future of energy transition and tackling issues like intermittency and efficiency.https://www.linkedin.com/in/guillermo-sierra-5864964/https://www.nabors.com/ Learn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdCGet Pre-Vetted Profiles and Claim 5% off Your First Hire: https://bit.ly/hirewithnearxdw

Navigating the intricate landscape of global refining operations can be a headache. Asset managers, producers, and traders in the oil and gas industry often find themselves overwhelmed by the need to collate, cleanse, and interpret complex data sets like real-time outages, refining capacities, and trading metrics. Refinery Calc simplifies this by offering a SaaS-based intelligence platform that utilizes advanced AI algorithms to provide accurate, real-time data.https://www.refinerycalc.com/https://www.linkedin.com/in/rommel-oates-energy/ Learn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdCGet Pre-Vetted Profiles and Claim 5% off Your First Hire: https://bit.ly/hirewithnearxdw

Join Branden Pronk, the president and co-founder of Xstream Lift, as he talks about artificial lift and the innovations reshaping the oil industry.Highlights: High Pressure Gas Lift: Dive into the evolution and mission of Xstream Lift. Learn how their unique approach to high pressure gas lift stands out in the market. Branden's Oilfield Background: Explore Branden's extensive background in artificial lift, production, and his time in North Dakota. Understand the hands-on experiences that lead to Xstream Lift. Navigating the Complex World of Electric Submersible Pumps (ESPs): Delve into the intricacies and challenges of ESPs in the oil industry. Grasp the factors driving the search for alternative solutions. Pioneering Green with Ultra Low Methane Technology: Uncover Xstream Lift's patented Ultra Low Methane technology. See how this innovation champions environmentally sustainable solutions, especially in remote locations. The Ascent of Xstream Lift: Track the growth trajectory of Xstream Lift. Envision a sustainable and efficient future in the oil industry with Brandon's insights. For anyone eager to understand the innovations and future of oil production technology, this episode is a must-listen. Dive in and be part of the conversation with Branden Pronk!https://www.xstreamlift.com/https://www.linkedin.com/in/branden-p-a477b112 Learn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdCGet Pre-Vetted Profiles and Claim 5% off Your First Hire: https://bit.ly/hirewithnearxdw

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/ Sign up for the Chronos live premiere: https://bit.ly/3DWngsjLearn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdC

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/ Sign up for the Chronos live premiere: https://bit.ly/3DWngsjLearn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdC

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.  Sign up for the Chronos live premiere: https://bit.ly/3DWngsjLearn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdC

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. Sign up for the Chronos live premiere: https://bit.ly/3DWngsjLearn more about Fuze | The Future of Energy: https://bit.ly/3DbZisDLearn more about EnergyX: https://bit.ly/3pedpdC

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. Learn more about EnergyX: https://bit.ly/3pedpdC

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. Learn more about EnergyX: https://bit.ly/3pedpdC

In this episode, Ahmed Hadid, co-founder of HyBird, joins to discuss building reality-based digital twins of complex industrial facilities like oil terminals, refineries, and nuclear power plants. HyBird uses technologies like laser scanning, video, and photogrammetry to capture ultra-realistic 3D models of assets. These models can then be used for operations, maintenance, inspection, work planning, and more.Key topics covered: The origin story of HyBird and how Ahmed met his co-founder Mo at university Pivoting from visual inspection to a full maintenance management solution Integrating with existing EAM/CMMS systems vs trying to rip and replace Participating in the Techstars Space program in LA and key lessons learned Navigating the early days of COVID and running extremely lean as an enterprise startup Finding product-market fit through hands-on founder-led sales Building a startup focused on complex industrial enterprises Hiring the right people who can thrive in an early-stage environment Thoughts on raising capital and finding investors who will roll up their sleeves Learn more about HyBird: https://www.hybirdtech.com/ Learn more about EnergyX: https://bit.ly/3pedpdCLearn more about Latham & Watkins: https://bit.ly/3Q7d2fTGrab your ticket to Energy Tech Night here: https://digitalwildcatters.com/event/energy-tech-night-oklahoma-city-ok/

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 by 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 process in oil and gas extraction. By incorporating machine learning and AI, Boomerang plans to develop smarter control systems in the future. Learn more about Encino: https://bit.ly/46K0KzJLearn more about EnergyX: https://bit.ly/3pedpdCLearn more about Latham & Watkins: https://bit.ly/3Q7d2fT

In this dynamic episode, we have an in-depth discussion with Scott from Latham & Watkins, exploring the nuances of establishing and nurturing high-growth companies in the oil and gas sector. From initial decisions to potential challenges, the conversation offers essential insights into the world of oil and gas startups.Key Takeaways: Importance of Early Legal Decisions: We delve into the crucial initial choices, such as setting up as an LLC or Delaware C Corp, and their implications on matters like Qualified Small Business Stock (QSBS) and capital gains tax. The 83b Filing: Scott explains the need for timely filing of an 83b to prevent tax complications, also pointing out the advantages of a fixed fee attorney for startups. Equity Distribution: A detailed discussion on equity division, especially concerning employees, and the dangers of over-distribution in the early stages of the business. Use of RSUs: We take a look at the complexities of using Restricted Stock Units (RSUs) as a motivation for employees, with a case study of Facebook and other Silicon Valley companies. Impact of External Investment: The conversation shifts to the effects of external funding, from the introduction of board meetings to changes in operating style post-investment. Exit Process Realities: Scott provides a clearer picture of the exit process, focusing on venture capital return profiles, exit timelines, and the role of dealmakers. Going Public: We discuss the challenges of taking a company public and the importance of early preparation. Learn more about Encino: https://bit.ly/46K0KzJLearn more about EnergyX: https://bit.ly/3pedpdCLearn more about Latham & Watkins: https://bit.ly/3Q7d2fT

In this episode, we sit down with Scott Brinkman from Royalty Guardian, a Houston-based company, to discuss how they support mineral owners in navigating oil and gas investment complexities, such as data overload, payment verification, and changing titles. He underscores the industry's need for modern solutions like blockchain to streamline processes and eliminate redundancy. Learn more about Encino: https://bit.ly/46K0KzJLearn more about EnergyX: https://bit.ly/3pedpdC