Permian, Baker, Italy discussed on Permian Perspective Podcast

Automatic TRANSCRIPT

Do it safely and efficiently for our customers here in the Permian. Fantastic let's talk a little bit about a conference. You just returned from in Italy yet. Yes how exciting was that very exciting? So acre uses. We have our annual meeting in Florence Italy and this was our twenty annual meeting in. It's always in Florence Italy. And what a fantastic being you to have an annual meeting. We had over seventeen hundred customers from around the world in attendance which is just phenomenal. Yeah it's unbelievable to bring that many customers together. This really isn't a conference where it's Baker used putting on our customers are the ones who are leading the monitoring the panels and we're talking about challenges and opportunities for our industry in this year's theme. We were really focused in on that energy transition and how we're going to come together to solve those challenges for industry which digital to. That was a a big theme as well but at the same time not only do we have those panels. We actually have a solution share so all of our technology is on display many of us that get to go internally you know it would take us probably a whole year to go and tore all the different sites around. Baker used to get that knowledge. That's in our solutions fair. So all of the technology that we have coming out is on display and we actually presented on Permian in Lawrence. Yeah you think it's wild to you. Go all the way to Florence to present Permian and share across the world but our presentation was on remote drilling and how we've been able to gain efficiencies with one of our local customers here through remote drilling and so many customers asking questions while I'm glad you said that I was GONNA ask. What was the number one question that people from around the world were asking you about the perm. Yeah well and that was it. How are you doing this? How are you working with your customer? And our customer actually presented with us so the rest of the customers got to hear our customer and how we worked together to stand up the remote center for them and how we've removed seventy five percent of our people off the field location and how we've been able to gain efficiencies and how we've been able to reduce in bt and they're all sitting together in a remote center so we're bringing their team members are team members and we're sitting off location and were drilling better wheels than we've ever drilled before and a lot of the customers wanted to know. How did we get there? What was the transition and we broke it down into phases and they really really learned from. Okay I can take this and I can implement it in my operation. I Bet I mean that is just incredible for them to hear that firsthand from you from your customer and seeing the fish. Nc because seventy five percent. You said you've taken us off location. That's a huge. When you think of the number wise you'd have some usually here. Ten percent fifteen percent bright seventy five percent. What has been the customer benefit that you've seen from that. So the standardization has been he but obviously safety right. I mean I think that's number. One is were removing people off. Location out of harm's way but the second benefit is the standardization between all of the rigs. That were that were operating. We're able to share lessons. Learned across the RIGS EASILY. Because we're all housed in that same remote center and in collaboration so when we see something going on were right there together and we can figure out. How do we mitigate? How do we overcome the challenge? And then we share that with the POD next door because they set up in pods for the different rigs and then we can have one directional driller looking over multiple rigs not just one rig and so again he can optimize across those rigs as well so one would think you're taking someone off location. How is that going to to work? But what we've seen is surprisingly better performance because we're able to collaborate and standardize across and really using technology to your benefit absolutely. Let's talk a little bit about technology because of there have been so many different cycles in this new energy cycle of course brings more technology and better ways to do things how has this been at the forefront of your transformation at Baker Hughes Aso. I mean obviously. We recently announced that. We're an energy technology company. Which is you catch yourself going when folks ask you about Baker US many of service providers say Oh were oil and gas company. What's really exciting about Baker? Using in our path forward is that were an energy technology company. We are helping our customers solve some of the greatest challenges as we move through this energy transition reduce the carbon footprint in our impact on the environment. And you know I feel like we have that technology in our portfolio. Not just again when we talked about earlier. The wall construction piece in the production piece. But we bring that expertise to utilize the natural gas and other ways and also measure methane. Yeah we have the sensors in the technology through our Avi toss our drones to measure methane emissions. Help our customers figure out where they're leaks are and how to solve those issues so again. It's just having all of that in our portfolio. Not just the wall construction and production. Is I think going to be really key for us as we move forward wonderful you mentioned challenges because I whenever group of people come together we always try to learn from each other right and you mentioned that in Italy. You talked about challenges. What are some of those challenges that you see moving forward in twenty twenty that we could all help each other out with and help overcome those challenges because I think as a business leader as a business owner? We want overcome the challenges that what do you see? Yes I think for the Permian in particular. One of the biggest challenges we're going to have to overcome is the fact of all the gas that were flaring and I. I covered that last year in podcasts. So they get the last number. I looked at was seven hundred. Mcs Per Day that we're flaring people who are not familiar with our industry when they see that or they're flying into the permanent night there's a very negative perception about our industry and to be honest with you. That's waste you know. But in some cases it's it's more efficient for our operators to flare than to use it and so we WANNA be that solution provider in collaborating with our customers to see. How can we take that and use it whether it's for a FRAC as which we talked about last year or is it for actual power and selling back to the grid and when we look at the Permian infrastructure for power there are large gaps in the grid and we can solve those gaps in the grid through utilizing natural? Gas into our turbines improvised infield power for our customers so me I really do. Think the Permian 's biggest challenges the fact that we've got to change that perception that we can show that we are reducing our carbon impact environment and that we are bringing energy to the world you know in a safe efficient manner that's environmental friendly you know and we all need energy right not to solar and wind because those will not tell the gap spoil gases a critical component of how we move forward and providing energy to the world. And I think when you're outside of the oil gas world you just don't realize how much energy use every day. I can't remember which podcast it was interviewing. Someone in they pointed out exactly everything in this room what comes off of energy and I just thought you know when you're not in oil and gas directly say you know when you're growing up you just don't think that way but the older you get the more you learn and the more that you're here's especially in the Permian if you're new to the area you realize just how much the world needs it and to be able to provide that energy to the world. It truly is remarkable. When you think about it is and that's something I feel like we're going to focus on this year for our employee base is to. How can we efficiently used energy? We feel like if it's not a habit at home then it will not be a habit at work now. We do have a lot of that technology already within our facilities of the automatic lights. You know the motion detection lives but again that's not everywhere right so we're really going to campaign and roll out. Term employee base be efficient at home be efficient at work conserve as as best as possible. Sore not impacting the environment and the second pieces. The recycling right recycling difficult to do here midlan and very difficult. It's a challenge if you don't make the effort that's right so simple things like we don't have the recycling pickup at our facilities. But what we're GONNA do in. Some of our offices is volunteer a rotation to take those recycles to the recycle center so in everybody raised their hand. When we came up with that idea. Oh count me in. I'm going to go on that rotation so nice you know. It may be a challenge for us to get some of the things done here to make those changes where were thinking about our environment. But you'd be surprised at how passionate our employee basis to step in and say you know what maybe we don't have that ability to have someone come and pick up. Are you know plastics right? But you know what we sorted out. I will volunteer to take it. So that's how we're going to solve and overcome. But maybe one day. We'll actually have a recycled pickup here. Midland we'll hope. Let's keep pushing for it. We can do it. And you'll kids are so good you know if you get kids going on something so encouraging them at a young age was going to ask you there any other tips that you can do as a family at home you mentioned of course if we go and recycle and drop off the light switch is is there anything else that we can do in our daily lives and get the kids involved because like I said they can be our biggest reminders champions because sometimes if I forget something I'll tell my youngest remind me of that. Yes they're on it. They'll remember in when they know something's important like this. They will encourage the family to do so. Yeah I'm seeing that lease with my children and the younger generation. They are very passionate about the environment they are in so they are kind of that gatekeeper as well recently. Just plastic bottles. How many water bottles do we go through in one of my son said? Why don't we have more water bottles? That are reasonable. And that's what I want to put my y water and but the second piece is also we adopted area here keep Midland beautiful and so getting my boys out there to help with cleanups I think is really important. And what's fun to watch as we go do that? But then they go out and clean up around Lee high school on their own right without being asked and they said well you know we're going to go and we're going to clean up Because this is unacceptable to me. That's just wonderful to see when the kids start caring about the environment as much as we all. Should you know when they started young age? It's just going to get better and better. And as they grow up and it's leading by example right they see me turning off the lights. They see me being conscious of our water usage. Because we know water here in the Permian you know it's not the greatest quality right and so we need to make sure we're conscious of that as well so we all do our part. Yes that's right absolutely. Let's talk a little bit about the ups and downs of the oil and gas businesses. We know we've seen some. Pretty fluctuating lately dislike today? We're below fifty dollars a barrel and so how as a company leader. How do you talk to your employees about that? And how do you? You know not get too worried. I guess I should say when you see the fluctuating price. Yeah I mean I think for us. It's been interesting over the last year to see that. A lot of activity that were seeing whether it's up or down is not based on commodity prices and it's really about our customers.

Coming up next