POPULARITY
Recorded September 1, 2023 https://www.youtube.com/watch?v=WI1eyMmu5IM Episode 95 of the PetroNerds podcast is a PetroNerds special with guest Chris Atherton, CEO of EnergyNet. At the time of recording oil prices were $85.96 and a month later oil prices are below that figure after seeing $93 and change and incredible volatility in the span of a week. Trisha Curtis asks Chris Atherton to walk listeners through the pre-Covid and post Covid periods of the industry and share what he has seen and how he views the market. He gets into private equity funds sizes and the evolution of the space and the acquisition environment. They follow by talking about the public side and the role of the generalist investor and the ability to lure the generalist investor back into the space through dividends and share buybacks. Trisha talks about the state of the industry, the role of the generalist investor, and pushes back on share buybacks. She questions the inventory story and asks Chris to get into the impact of consolidation in the E&P space and the impact to the service sector. Trisha comments on how tight spending is within the oil and gas industry and how the industry seems to have left the intelligence space. Trisha and Chris talk about the multiples and valuations of companies and the level of activity after the acquisition phase and discuss tiered acreage. Trisha comments about gas analysts, getting gas wrong, acreage and wells, and the difference from being in the field vs. looking at a map. Trisha gets into investor pressure, ESG, and what the public companies are "allowed" to do. Trisha and Chris talk about the generalist investor and investor pressure and why these companies are traded well or not traded well. Trisha makes the point that the industry needs to push back on these ESG pressures. She says that oil and gas companies need to talk to the street more clearly about their business and the need to access capital and they are not explaining to the public market why people and entities should be investing in oil and gas companies. There is a role for these companies to talk about their business and the market for oil and gas in the long term. She asks Chris to get into the constraints on access to capital and alternative funding. The ability to get money, get insurance, and get basic funding for oil and gas is a problem. Chris gives Aubrey McClendon stories and capital cost comparisons for the oil industry. Chris talks about the reasons funding is drying up on the private side: the view that oil and gas is like tobacco and that the world will be driving EVs and not need oil and gas. He explains that this is an expensive business and needs a lot of capital. Trisha follows up by explaining how important it is for people to understand this business so the market can allocate money to properly invest. Chris talks about that recession that never appears, rising oil demand, oil prices and the shortfall in production. Trisha and Chris talk about the rig count decline, natural gas prices and activity, and the economy. Trisha throws cold water on the idea that we are not in a recession and talks about the covid stimulus lag artificially elevating and elongating oil price height. Trisha and Chris talk finish the podcast with bullish thinking in the oil and gas industry and the health of the economy, regional banks, and access to capital. Trisha asks Chris how the oil industry, from his perspective, feels about recession? Listen on Itunes
Greetings & welcome back to the rose bros podcast.This episode we are joined by Max Gagliardi - co-founder of the Ancova group of companies (ancova.com | ancova.io). Prior to forming Ancova in 2014, Mr. Gagliardi held commercial and financial roles at multiple corporations. He has participated in a variety of roles on deal teams for over $16 billion in M&A transactions across the Energy Industry.Max hosts Always Be Building Podcast focused on business, entrepreneurship, the markets, and Max's personal interests. Max has a BS and MBA from Oklahoma State University, he is a lifelong resident of Oklahoma and currently lives in Edmond with his wife and three sons.Among other things we discussed lessons from late energy billionaire Aubrey McClendon, why US isn't growing, the future of energy & why it never pays to bet against America. Enjoy! This podcast episode is sponsored by Connate Water Solutions.Do you need cost effective water sourcing options to supply your next drilling or completions program?Connate Water Solutions is a specialized hydrogeology company focused on water well drilling, testing and water management services in Western Canada and Texas.Contact info@connatewater.com or www.connatewater.com for more details.This podcast is sponsored by Headracingcanada.comLooking for high performance ski gear this winter? In partnership with 4x-Olympian Manny-Osborne Paradis, Headracingcanada.com is offering the lowest prices possible through its online storefront, by passing brick and mortar savings to customers. Check out Headracingcanada.com for more info on high performance gear for the upcoming ski season. Support the show
This week's episode is another white collar crime case that was a long time coming! With a small reference to our very first episode of Professional Skepticism, we will be discussing energy industry leader Aubrey McClendon, his indictment, and his suspicious death. Small Trigger Warning: discussion of suicide. Subscribe to our Patreon: patreon.com/profskeppodcast Follow us on Instagram & Twitter: @profskeppodcast Email us at: professionalskepticismpodcast@gmail.com Zoe McDaniel & Professional Skepticism Podcast own the rights to the audio and music played in this episode. Sources https://youtu.be/7wXZE1uuJ8o https://youtu.be/1bkIh84Vyf8 https://en.wikipedia.org/wiki/Aubrey_McClendon https://en.wikipedia.org/wiki/Hydraulic_fracturing https://www.bloomberg.com/features/2016-aubrey-mcclendon/ https://www.reuters.com/article/us-chesapeake-mcclendon-profile-idUSBRE8560IB20120607 https://www.ipaa.org/fracking/ https://www.yahoo.com/now/fracking-pioneer-aubrey-mc-clendon-may-have-been-running-a-ponzi-scheme-but-he-believed-134257677.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFvNDYZ4WuOCOtdQ3uE21fj9I0CVQ0kDFMOf6cPVOm7ysqGiSki4TUWd9TMakDSlJweGkMB4wb5loU4PJbdP8hr5OpS6LLGW9lm0XROdGb7lfl2ODpffTay7u7iGn7rmfAGW-Ea0-Gwdu112U66R_3JB-DJzgY1VKu3SM5FE4MrV --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/profskeppodcast/support
Conrad Gibbins is a Managing Director of Jefferies, LLC in the Energy Investment Banking Group. Conrad has 12 years of investment banking experience advising primarily upstream oil and gas companies on M&A and financing transactions. Conrad has advised on over $40 Bn in upstream oil and gas M&A transactions and $15 Bn in financings and he has worked on many significant transactions in the upstream oil and gas industry including more than 10 M&A transactions with values over $1 Bn. On this episode, Chris and Conrad discuss the world's reliance on fossil fuels, today and into the future and the current M&A and deal market in fossil fuels. They look into ESG and alternative energy opportunities. Conrad discusses how Russia / Ukraine is impacting the current environment and how the narrative around fossil fuels has changed since he started in 2009. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (02:17) - How has the Oil industry changed over the past 12 years? (8:18) - Why is capital fleeing the industry over the past several years? (14:50) - How undercapitalized is the industry right now? (19:27) - How much of the world is still in the process of getting onto fossil fuels and how much of the world is actually consuming 100 million barrels per day? (22:36) - M&A Activity in Oil and Gas Over the Past Year (26:52) - Is there positive momentum that capital is flowing back into the space? (31:21) - Thoughts on ESG (32:07) - Labor & Employment in Oilfield Services (33:54) - Is the money that's redirected away from Oil and Gas and into renewables been worth it? (38:07) - Is there any bear case in the short term? (40:06) - Is there any technology you're seeing that could disrupt oil usage? (42:18) - How is the Russia/Ukraine conflict impacting the world from an energy perspective? (45:04) - How much does the world depend on Russia for oil? (46:22) - Who's the largest consumer of oil? (46:48) - Thoughts on Nuclear (50:39) - Are there any basins coming back online that have been hibernating? (57:20) - Crypto in the Energy World (59:33) - Conrad's experience working with Aubrey McClendon (1:01:59) - Final Thoughts The Fort is produced by Johnny Podcasts
Cody Campbell is Co-Chief Executive Officer of Double Eagle Energy Holdings III LLC, a partnership formed with Apollo Global Management and co-founder of Double Eagle Development. Campbell began his business career as a student at Texas Tech University, where he and John Sellers founded a successful commercial real estate development firm. He graduated with honors with a Bachelor’s in finance and economics and a master’s in finance. After graduation, he played offensive guard for the Indianapolis Colts. On this episode, Chris and Cody discuss the early days of building Double Eagle, the state of oil & gas and its opportunities and challenges ahead, what things might look like under a Biden administration, how they were able to partner with Apollo, and much more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (02:15) - Cody’s Background and Business Career to Date (11:12) - What’s an option of a lease? (13:45) - How long would you anticipate you’d have to sit on a lease before it sells? (15:57) - When did you formalize that Double Eagle would be your full-time job? (18:39) - When did you partner with Apollo? How did that relationship start? (23:31) - What was it like working with Aubrey McClendon? (25:45) - Was Double Eagle #2 similar to Double Eagle #1? (28:00) - How long did Double Eagle #2 take from start to finish? (28:50) - When were you able to get away from the scrutiny of being able to purchase deals? (29:43) - Why did you choose the Midland over the Delaware? Are there major differences between them? (31:09) - How many transactions does it take to put together 70,000 acres in the Midland? (31:55) - When you’re buying thousands of leases, how often are you committing to a lease that you know still needs some work? (33:47) - What’s the minimum amount of acreage needed to be able to drill? (35:01) - You’ve sold Double Eagle #2, so what does Double Eagle #3 look like? (37:32) - With today’s technology, how many drilling sites could you have? How much oil can you get from these 96,000 acres? (39:06) - Do you hedge your oil? Are you able to decide that or does Apollo choose? (39:42) - Do you put the hedge in before you drill a well or during? (40:29) - How big is your team now? (40:48) - How do you see where we are today vs. previous downturns? What's different this time? (41:47) - What gives people a reason to think that the industry wouldn’t exist in the future? (43:35) - What does ESG mean? (50:40) - Is there any light at the end of the tunnel to get us past this? (52:50) - Is it a good thing for oil prices to go back up? (55:25) - Do you have any comments on our relationship with other oil-producing countries? (56:03) - What happens if we don’t keep drilling? (57:36) - Have we found all the energy in the world? (58:06) - Is there any technology on the horizon to get more out of the ground? (58:51) - What are your thoughts on the new presidential administration's impact on the industry? (1:00:21) - How long is a drilling permit good for? (1:01:22) - Why is the Permian Basin the most prolific in the country? (1:02:02) - How are things valued deal to deal? (1:02:46) - What was it like to host POTUS at one of your wells? The FORT with Chris Powers is produced by Straight Up Podcasts
In this episode we catch up with dedicated Ashtangi, mother of two, and highly acclaimed jouranlist, Bethany McLean. She is also an author and contributing editor to Vanity Fair, who lives in Chicago. Bethany's gift is understanding where the bullshit is, and uncovering it. As Russell said “To put Bethany McLean in context, imagine if in Die Hard Jon McClane takes down Hans Gruber in a cowboy no due process kind of way, then its Bethany who uncovers the rampant embezzlement at Nakatomi Plaza!” Many of you might remember her from the 2012 Vanity Fair article entitled: Who's Yoga Is It Anyway? where she explored how the global Ashtanga yoga community grapples with the death of Guru, Pattabhi Jois, and the complicated response to Sonia Jones launching a chain of yoga studios under the “Jois” name. A name copyrighted and paid for, but a purchase that rankled the prickly egos of senior students who preferred their status just where it was: On Top. She co-author with Peter Elkind, the bestselling book: The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron . Her second book, which she co-authored with Joe Nocera, is called: All the Devils are Here: The Hidden History of the Financial Crisis. And her third book also co-authored with Joe Nocera, is Shaky Ground: The Strange Saga of the U.S. Mortgage Giants. Bethany has a particular talent for following the numbers, exposing illusions, and popping bubbles to reveal where the truth lays hidden. This notion is of particular interest to Harmony and Russell as the Alberta economy is on the brink of collapse as Covid-19 exposes the pitfalls of cheap money in a dead service: Fracking. Alberta prides itself as the Saudi Arabia of North America, but as Bethany says, its not just a dollar spent and a dollar earned: “It's much worse than that.” In her most recent book titled, Saudi America: The Truth About Fracking and How It's Changing the World, journalist Bethany McLean digs deep into the cycles of boom and bust that have plagued the American oil industry for the past decade, and turns an eye to the mysterious death of fracking pioneer Aubrey McClendon. Find out more about Bethany McLean and listen to her podcast Making A Killing on iTunes. As always, keep exploring my website and all my online offerings. Opening and closing music compliments of my dear friend teaching Ashtanga yoga in Eindhoven, Nick Evans with his band “dawnSong” from the album “for Morgan.” Listen to the entire album on Spotify - Simply Click Here. To purchase your own copy - Click Here. Don't forget to subscribe and leave a review ❤ and give us a 5★ rating.
More than 10 years on from the early days of the US shale boom, bankruptcy risks are rising across the sector. The FT's US energy editor, Derek Brower, reports on what weak oil prices and tightening access to credit are doing to the outlook for some producers. Further reading:Bankruptcy risks rise for US shale (paywall)https://www.ft.com/content/76c15898-52a2-11ea-90ad-25e377c0ee1fUS energy sector, shunned by investors, has ‘Pearl Harbor’ moment (paywall)https://www.ft.com/content/254bf634-5677-11ea-abe5-8e03987b7b20Chesapeake Energy raises doubt over its ability to survive (paywall)https://www.ft.com/content/46ffa4fc-ffe6-11e9-be59-e49b2a136b8dThe US shale revolution (paywall)https://www.ft.com/content/2ded7416-e930-11e4-a71a-00144feab7deThe clip of Aubrey McClendon is credited to the Switch Energy Alliance. See acast.com/privacy for privacy and opt-out information.
Gerard and Laurent review the incredible decade of the 2010’s, one in which the US shale boom has transformed the energy landscape from being threatened by a supply deficit to a global glut. At the same time, falling prices in solar, wind, LEDs and battery storage as well as advances in digitalization have triggered an extensive decarbonization of the power sector. There were also dramatic events like Fukushima which killed the nuclear renaissance as well as worrying trends such as the relentless growth of Emissions. But the 2010’s picture would not be complete without disruptors such as Aubrey McClendon and Charif Souki, who led the Shale Revolution and its export around the world, and last but not least Elon Musk who singlehandedly launched the EV revolution.
'He may have been running a Ponzi scheme, but he believed': Aubrey McClendon's legacy on fracking. Hosted by Ethan Wolff-Mann and guest contributor Bethany McLean._ See acast.com/privacy for privacy and opt-out information.
From $2 billion to minus $500M: How Chesapeake and Aubrey McClendon fell apart. Hosted by Ethan Wolff-Mann and guest contributor Bethany McLean._ See acast.com/privacy for privacy and opt-out information.
Welcome to Season One of Illegal Tender, an original podcast by Yahoo Finance. Hosted by Ethan Wolff-Mann and guest contributor Bethany McLean.I Can't Get Enough: Aubrey McClendon's life, death and fallen empire See acast.com/privacy for privacy and opt-out information.
Scott Soshnick and Michael Barr discuss a host of issues related to the business of sports, including the five-set thriller that decided the Wimbledon men's championship. Novak Djokovic defeated Roger Federer in the epic affair, which was decided in a fifth-set tiebreak. The win boosted Djokovic's career on-court earnings to about $133 million, while Federer reached about $110 million. Moreover, the match was the most in DraftKings history with 55% of wagers coming from in-game, or live, play. Also discussed is the late Aubrey McClendon's 22% ownership stake in the NBA's Oklahoma City Thunder that's been put up for sale. The sale comes as the team is shedding some of hits highest-paid and best-known players, including Russell Westbrook. And also talked about is Procter & Gamble's decision to donate $529,000 -- $23,000 for each of the 23 players on the U.S. Women's National Soccer Team that won the World Cup earlier this month -- to help close the pay gap with the men's team.
We interview Gregory Zuckerman, author of The Frackers, about what lured this Wall Street Journal reporter to the oilfield. For additional info, visit http://www.energy-cast.com/14-frackers.html
Despite Oklahoma City's Game 6 collapse and squandering of a 3-1 series lead, Welcome to Loud City's Marina Mangiaracina explains why the Thunder stand a legitimate chance of upsetting the mighty Golden State Warriors in a decisive Game 7. Her prescription? Lots of minor adjustments, which include extra shots for Dion Waiters and Serge Ibaka, smarter defensive switching and Andre Roberson logging more court time to help counteract Klay Thompson's explosive scoring. Below are some noteworthy excerpts:1:59 –2:26: “I think the No. 1 key is getting more shots for Serge Ibaka and Dion Waiters. Waiters had about the same amount of shots (in Game 6) – five or six – that (Andre) Roberson and (Steven) Adams had, and given his offensive abilities, it’s an embarrassment that he’s getting so few opportunities…(Kevin) Durant and (Russell) Westbrook were just taking too many bad shots. When you move the ball around more, it helps out.”4:06 –4:48: “There was tons of personal adversity for this team in this calendar year of 2016. Mo Cheeks had to go away from the bench due to hip surgery, the wife of Monty Williams was killed in a car accident and Monty Williams had to leave the team, the young brother of Dion Waiters was killed in a violent shooting in Philadelphia, Aubrey McClendon, the 20 percent owner of the team, died in a single-car crash…You could kind of see how they all rallied together and galvanized each other.”7:47 –9:04: “Billy Donovan just came into this coaching job with the right mindset…He really came in with an open mind and realized that he needed to learn a whole new profession from entirely different people. And his work ethic was amazing – he watched two seasons of Thunder basketball before he even came into the job, literally every single game. He toned down his demeanor – he’s not as intense as he was in college - he’s constantly revealing new plays, and he toned down the complexity of his offense once the players weren’t getting it…As far as using the regular season as a lab, literally every single player that could have possibly contributed got minutes. He toned down the minutes for Westbrook and Durant during the regular season, keeping them fresh for the playoffs. He tried wacky lineups with multiple point guards, centers…He just really has been one of the best success stories of the season as a head coach.”11:03-11:21: “I think that (foul trouble) is the only reason that (Anthony) Morrow got extended minutes is because Roberson was out of the game. And we really need to keep Roberson out of foul trouble. We really need to keep him in the game as long as we can just to get that defense on Klay (Thompson) because he’s the only defender that has the length and energy to do that.”13:00-13:35: “He (Waiters) kind of came into his own during the playoffs, because he’s focused primarily on defense, and that really works against the Warriors. He’s a great defender in one-on-one situations, because he’s so low to the ground, he’s so stout, he doesn’t give room and can really get into players physically…I also think that he has a lot of confidence when he shoots. Beyond Durant and Westbrook, I think he’s the best end-of-game shot maker. He has a really high percentage in clutch situations when he’s given space.”16:49-17:15: “He’s (Draymond Green's) not at his highest level against the Thunder, because KD’s just so long, and whenever Green has to match up against KD, it’s a problem. But Green isn’t matched up against KD a lot, and I think there’s definitely opportunities for him to get open 3-pointers, and if his shot’s on, then that opens up things for him driving to the basket because he’s skilled that way. Adams is a good rim protector,Learn more about your ad choices. Visit megaphone.fm/adchoices
With the recent death of Aubrey McClendon, UFP takes a different look at the man than most Oklahoma media outlets would and discuss how his life and death were covered by the local press. Were his business practices really good for the state in the long term and if facts were omitted about him locally, what else in the news is being left out and who is to blame?
El 2 de marzo del 2016, un hombre se estrella contra un muro de concreto mientras conduce su SUV Chevrolet Tahoe del 2013. El hombre viaja solo y no usa cinturón de seguridad. Los airbags poco pueden hacer a causa … Sigue leyendo →
On this extended version of the Unidentified Flying Podcast, hosts Drue and Brad are joined by fellow video game enthusiasts Steve and Rob to discuss the Nintendo Entertainment System but before jumping into that we all discuss the recent events involving former Chesapeake CEO, Aubrey McClendon. Then it's on to the history of the NES and the games that made it great.
The US oil and gas industry was shocked recently by the sudden death of one of its most influential executives. Aubrey McClendon was killed after driving his SUV into a concrete embankment, a day after being indicted on bid rigging and price fixing charges. He was the former CEO of Chesapeake energy, a major producer now floundering under low oil and gas prices. Dan Boyce explores whether Chesapeake’s cautionary tale contains glimmers of hope.
with Brad Friedman & Desi Doyen
with Brad Friedman & Desi Doyen
We say goodbye to one of the nations pioneers and most controversial figures in America's shale revolution: Aubrey McClendon. Plus, a look at what Warren Buffet had to say about energy in his annual letter, ExxonMobil's big upcoming decisions, and we answer listener questions.
North American natural gas futures contracts are trading sideways while looking for a fundamental change in weather or supplies, but cash prices introduced a lot of volatility in certain cities such as Boston. Additionally, Aubrey McClendon just closed on three deals for $4.25 billion: one doubles...
This week, Greg Zuckerman, author of The Frackers, joins S&A Investor Radio.We start the show with Greg as he highlights how the U.S. will become the largest oil producer in the world inside of three years.He talks about his interviews from his book where he got exclusive access with some of the top shale oil CEO's in the world. People like Aubrey McClendon, the CEO of Chesapeake Energy, Harold Hamm, one of the richest men in America and CEO of Continental Resources, Mike Papa of EOG Resources, and Charif Souki, the CEO of Cheniere Energy ... you won't want to miss this!Greg also mentions the environmental concerns facing the industry and why companies like ExxonMobil and Chevron missed the boat on this game-changing trend.And... Some HUGE news has come out that has basically been swept under the table...Frank uncovers what that BIG news is that could generate massive amounts of returns for investors.
We discuss the energy industry landscape, including Big Oil, natural gas, solar stocks and more with analyst Taylor Muckerman. Plus we look at Chesapeake Energy one year after Aubrey McClendon left the CEO office.