36 Burst results for "Permian"

"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

04:38 min | Last month

"permian" Discussed on Permian Perspective Podcast

"Kinds of things around mixing your personal with your with your work and how it all comes together. You know think of others before yourself and it's pretty neat and I would suggest it's not hard to read. I'm not a person that reads these thick books and all that kind of thing but it's an easy read in. It's something that you can. It's hard. It's hard to follow those ten. Gathering, no, we're not perfect right right. Right but it's good to it's good to try and to give reminder head to read over from time to time. Go get on that sounds great. Give it to my kids. And when they first started out in the world real world, it's good to. Keep that around antastic. What about podcast? Listen any podcasts right now that? I'm very. To the. House explaining your first PODCAST I. That's great. Well, this is a podcast. I'll show you the little purple button on your phone. You're going to subscribe to Permian Perspective after and then there's a bunch of golf when I'll connect you with my husband he'll tell you all the golf podcasts you need to listen to if you will love them there's some great ones but how about you mike you know what what you're doing Krista is really the future is hard it's hard to defer to get good information today we see that every day with our own media and things like that and so. I I listened to you know a lot of political things I listened to sports stuff. My boys listened to sports podcast all the time, and so I think what you're doing and what people are doing is really really cool and how it can help. Well, thank you I'm enjoying it and and you're right. The younger generation is really listening to podcasts a lot I know my son listens to a lot of different sports ones as well, and it's just it's just neat because you can dive into a subject and talk longer than you can any other really media. Forum. So it really gives you an opportunity to learn more and to hear others experience and then take that and use it in your life, and that's what that's what I love about it. So thanks thanks for acknowledging that. That's cool. All right. What's the most important lesson that y'all have learned in life? Sammy's. Up. Her so many of them, but I think probably the most is just be honest and respectful and treat people the way you expect expect to be treated pressure gettleman and mine is it took me a while Krista the learn this but think of others before yourself in your your career your personal goals everything will fall into line if you think of yourself less in other people more. And a musher of his divine intervention or how it all comes together. But it's pretty cool when you do that. Absolutely right definitely notice things clicking with. What about through cove it?.

Krista Permian Perspective antastic Sammy
Fresh update on "permian" discussed on Buck Sexton

Buck Sexton

00:15 min | 4 hrs ago

Fresh update on "permian" discussed on Buck Sexton

"This region of West Texas, known as the Permian Basin is in the midst of the biggest hole boom in history. Permian Basin is the epicenter for oil and gas production in the free world. This unprecedented production has transformed the region from a depressed desert into a land of opportunity. My name is Christian Wallace. I was raised in the Permian Basin in a small town called Andrews. I grew up on tales of the region's legendary booms and busts. I even spent a year working as a roughneck in the whole patch after college, but I've never seen or heard of anything like this. Against all odds, the Permian Basin has become one of the most important Slauson land on earth boom is reshaping the world's climate economy. Even our geopolitics way are now the number one energy producing in the world. And I'm not gonna lose that. Well song dreams on windows. Yet if you understand this place or its people This is a story of roughnecks and roustabouts, billionaire wildcatters, wannabe dreamers and full on hell raisers and of average folks, just trying to get a cz..

Permian Basin Christian Wallace West Texas Andrews Slauson
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

03:48 min | Last month

"permian" Discussed on Permian Perspective Podcast

"I do believe that it's just a storm and Permian Basin has always come back intends to come back stronger each time. So I have no doubt that it's it's on its way back up and those people that have the faith and they know. Who they are. They've already defined themselves and they're not trying to recreate who they are. They're the ones that are gonNA that are GONNA hold on. So there are some out there. The traffic is picking back up I. See a Silver Lining love that thank you for sharing your perspective I. Love Everything you had to say those awesome. Let's talk a little bit about you. I'M GONNA. Ask You some questions because I always love to know what the leaders of the oil and gas industry listening to and reading, and so do you have a favorite book or podcast I do have a bunch but I'll narrow you're likely. Throw a mammy. So Brandt Hanson's undefendable. Okay I. Think I've Read It four times I'm on my fifth time and I just keep it. I'm an audible huge fan because I have so much windshield time and so man I just plug it in and whatever chapters on I just think that that's the one I'm supposed to hear for they and I'm going to type it in our show note absolutely it's called unaffordable unaffordable brant Hansen. Them and basically if your faith we as Christians, should be the most undefendable people in the world because we have been saved by grace and if we would focus on that, then it helps us focus all of our energy and our love on other people and we don't have to spend time being offended because of Christ wasn't offended by the people that he encountered. Then who are we? So it is just a reminder and a day to day realism. So that is one of my absolute favorite books as far as podcast Rene. Brand. Yes. Oh man the power of realty. It's life changing. It's absolutely incredible getting out of your own way. Yes. It's great daily reminder number, and then of course, Andy Stanley so true leadership, and then of course, from recruiter perspective too. But absolutely fantastic leader..

Permian Basin brant Hansen Andy Stanley Brandt Hanson Rene
Elizabeth Wetmore: Valentine

Bookworm

04:36 min | Last month

Elizabeth Wetmore: Valentine

"Today. I'm very pleased and excited. My favorite thing on bookworm is when I'm talking to a first novelist. And it someone whose work I have not previously known my guest on the show today is a booth wet more Beth wet more. Her book is called Valentine. It's published by Harper and it's novel. Beth. Wet more is fifty three years old and this is her first. Book, she's published many short stories in many of the best literary journals, the Kenyon, Review Colorado Review but this is her first time in hardcover. Tell me Beth what feel nights is finally see the book in hardcover. Well. It's all been a little unreal honestly. I worked on the book for a long time and I was ready to have the editor sort of wrestle out of my hands. Honestly I think if if she hadn't wrestled it out of my hands, I'd probably still be tinkering with it to tell you the truth and even now I occasionally spot a sentence or a paragraph that I think, Oh, I'd like to have a do over on that. But on the whole, it's been wonderful and surprising to me I think I. Expected The book to come out very quietly and and so it's been. Marvelous to see how many people have reacted to it in such a positive way and how meaningful it's been to some people. Yes the book has made its debut as number two when it came out on the New York Times bestseller list and it's set where Beth was born in West Texas in Odessa. Now, if you're me, you think Odessa that's near where my family come from in Russia this is Odessa in. West Texas how does it get its name? Well it depends on who you ask You know the they're part of Texas was settled pretty late in the early eighteen eighty s and depending on on what piece of local you believe it was it was named Odessa in part because of the sort of grasslands that that people said resembled the Odessa in Ukraine. And and and that's really been the most sort of certain story I've heard. No was Texas. is known for its. Economy. I'm sure most of my listeners will know this but what is an oil patch? Well. Odessa is in the Permian Basin which is about eighty, six, thousand square miles inside. So and and of course, West Texas and. is is even more vast right than the Permian basin and it's an oil and natural gas rich region of the country I read recently actually that actually until the until the pandemic, it was on pace to outpace Saudi Arabia for the biggest production in world in the next five years That's slow down and been derailed a little bit by the pandemic of course but it's so an oil patches you know a a part of the world where that is the single economy oil and natural gas. It's not a particularly pretty place in the world at least not by most people's standards I think it's beautiful. There's no other way to make a living out there other than working oil and natural gas and Odessa where I grew up on differs slightly from it sort of sister city, of Midland, which is about twenty three miles away in the sense that Odessa's a very working class town most of the people who live and work in Odessa do the. Blue collar work of the oil patch. So they work is the roughnecks and pipe lawler's and fitters and water haulers and That's still even today a pretty male dominated industry women in that part of the world tend to work in support roles as bartenders and waitresses preschool teachers, teachers, that sort of thing So that's where I grew up.

Odessa Beth West Texas Harper Ukraine Permian Basin Colorado Review Editor Valentine Lawler New York Times Midland Saudi Arabia Texas.
Houston - President Trump visits the Permian Basin in Texas

Ground Zero with Clyde Lewis

00:33 sec | Last month

Houston - President Trump visits the Permian Basin in Texas

"Company today in middle in Texas President Trump offering new help to the battered oil and gas industry and your estimated by the Corona virus crisis president issuing permits for new cross border pipe and rail lines with Mexico, not with the president, Texas Republican Congressman Louis Gohmert. He was scheduled to fly on Air Force One but tested positive for Kuroda virus in a pre trip screening go murder, who is known for not wearing a face covering in Congress said it may have contracted the virus from the inside of his master. That's Fox is John

President Trump Congressman Louis Gohmert Texas Kuroda Murder Mexico Congress FOX John
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

03:39 min | 2 months ago

"permian" Discussed on Permian Perspective Podcast

"The good and I think there's so much good that has come out of this time. It just on a personal note I think slowing down and just enjoying family time and not being in a rush so much to get somewhere has definitely been one of the positives love cooking more and having my family around the dinner table every night. Another huge blessing through the so. I hope that you are definitely counting your blessings. Through this time I notice difficult and as many of you. I'm sure have seen you know. We may all be in the same situation but everybody. Their situation is a little different. I think there was analogy about a boat will be all in the same boat. Our boats all are different. And I think that's that is so true but I think we can all try to find a one little piece of silver lining every single day and something that we can really say has changed for the good during this time and I know I have. I have more than a handful and of course being with my family more has just been one of the biggest blessing so I hope that you are finding those blessings through this time. But here's something to make you. Smile Basin PBS. Recently launched a twenty four seven kids channel. Now your kids can watch and learn from the source that is trusted by parents. The channel is thirty. Six point two. Now if you're on an antenna you'll need to rescan your television to receive the channel. If you're on cable or satellite you'll need to call the provider and requests the channel and think. It's just fantastic. I think anything that little ones can learn from is a beautiful thing because kids are sponges. You know that and sometimes parents You know you're busy. You're doing laundry. I understand you're cooking. You're going to work or you're working in the living room and maybe just a you know an hour to learning from the TV will help you. And of course you'll feel better about that time spent in front of Technology so based on PBS. Once again launching that twenty four seven kids channel great source for you to utilize during this time. That's it for today. I thank you all so much. I wish you good love and joy. Mature. Take care of yourself. Stay safe and stay healthy. This concludes our episode of Permian Perspective. The story behind the oil and gas leaders in the Permian Basin. Remember my Matas dream. Big believe in yourself and never ever give up. You make it a great day. Hey everybody Alex here. With the events on deck so Doodoo current circumstances of course we are not able to have any in person events so I've nothing of that nature to update you guys on but we have been hosting some virtual events so obgyn is wanting to offer free webinars live happy hours at Cetera. During this time since these events are not scheduled out as far in advance as in person events we would like to keep you guys updated. The facebook linked in and twitter. So be sure to keep checking up on that and we'll keep you guys posted on anything we're offering it has been free. We want to offer you guys value during this time that we're all at home so please continue checking in joining us for these virtual events. We are looking forward to seeing you guys whenever we're able to have imprison event and hope you're staying safe and sound tune in next week for another episode of Permian Perspective a production of the oil and gas global network learn more at www dot g g N. DOT.

Permian Perspective Permian Basin facebook Alex twitter
Texas Hospitals Battle COVID-19

The Indicator from Planet Money

07:30 min | 2 months ago

Texas Hospitals Battle COVID-19

"John Henderson President of the Texas Organization of rural and community hospitals. Thank you so much for talking with us. so tell me what if things been like for you? With covert nineteen, so in the early days of the pandemic are hospitals started telling us they were having a terrible time getting p. mask, and gloves and gowns enhanced sanitizer, and so we kinda became a procurement shop for our rural Texas, hospital and most of those supply chains that we would normally lean on were turned upside down, so we were working with nontraditional vendors and middleman like what were some of the channels that you were reaching out to? Your last. Well. The craziest one was a friend of a friend connected me to a guy he knew that had. Literally smuggled them across the Mexico border in had mask in A. Warehouse in east, Austin, and so. I went down there, and he offered me a Tequila shot and we worked out a deal. And from what I understand like distribution, you say destruction, but that was like you in a car. Well maybe not formal distribution, but twenty or thirty friends of ours that had called our office, saying. Hey, I'd love to help you make deliveries. Kind of created this daisy chain of volunteers across Texas where you know, we could get something to abilene and then a friend in Abilene. Get it on up to Lubbock Grammar out west Texas and the Permian Basin. And, then as we kinda develop and got better at it. We were introduced to people who wanted to help. A A really good example is a lady I met named Camilla all this who I didn't recognize the name, but she's actually married to Matthew mcconaughey. And they were great about getting US donated. Supplies, mcconaughey! Yeah. Hey. Yeah And I didn't realize when she said she had a driver ready that it was matthew with A. Truck full of mask ready to go to. Hospitals. And she said I have a driver. Eddie and it was her husband Matthew mcconaughey, who was like liver masks. If you need me to the threat, it's amazing. Talk to me a little bit about sort of how things have changed since the early days as we talk today, most areas of Texas. Are. Reporting Trans that are a little bit problematic and scary. Right because from what I've read and what I understand like Texas was at a a pretty advanced stage of reopening, and then his actually like walked it back. Early on we were will behind other states especially New York, in thought, we managed it fairly well. Most of that worst case scenario forecast did not materialize in March and April, but it certainly has since the Memorial Day holiday I think that actual coca cases in hospital admissions are like four times higher than they were at the beginning of June and I think for the first time over the weekend. We were reporting more than eight thousand cases a day. So it's it's all headed. Definitely headed the wrong direction, and now we've got a statewide mask. Order Oh so everywhere you go. You have to wear masks outside. Everywhere you go in counties with more than twenty cases, which is almost everybody. We're working to try to secure a stockpile ventilators that we can distribute around Texas you know as we see those flare ups and can help them deal with it. The thing that's actually a little bit scary to me is that the urban areas are at or near capacity which means that the rural hospitals are having to keep patients that are a little bit more acutely, ill or higher level of need than they would normally keep, so we're? They would, they would transfer someone who is really sick to a larger urban hospital, which might have more equipment resources. Things like that. That's exactly right. And they're doing that fairly well, but. In, they've got bed capacity. They're just stretched when it comes to staffing, primarily I think the state of Texas actually has sent twenty three hundred nurses to South Texas to try to help them because the hospitals her. You know bursting at the seams. There's been a lot of coverage about the difficult financial situation that a lot of hospitals are in right now. The things that they traditionally made a lot of money off of elective surgeries and clinic visits have been canceled and they've had to make big investments in equipment and staffing other things to prepare for the pandemic rural hospitals operate on a really thin margin, compared to other hospitals often barely make a profit with this surge coming in Texas. Are you worried that some rural hospitals won't make it? Oh, yes. I was worried in April that we might have a dozen rural hospitals close in, I would get multiple calls every day from rural hospitals. CEO's that were saying. We're on the ropes. You know we didn't have any cash and we were maxed out on credit before this thing started. Now we've got you know. Shutdown orders, clinic, visit, cancellations, and no elective surgeries or procedures in. We aren't going to make the next payroll soccer. We're GONNA close. Thankfully in April. They got some significant federal stimulus money that aimed ten billion dollars nationally that rural hospitals and rural health clinics that single funding alone saved half a dozen rural Texas Hospitals Oh. And so a concern of mine as we look at the whatever the next stimulus package be that if if conditions don't change and that doesn't move, then we could. Have you know more rural hospital closures. You could make an argument that like well we. We should concentrate our resources an urban hospitals and they can have like the very best everything. People can just get transferred. Well, that's that's the argument that urban citizens matter more than rural citizens and I believe every Tex Mex and some of these rural communities are literally. From a larger community, so I think I think Cova has actually been a pretty stark reminder of lots access to healthcare in hospital. Capacity Matters. you know I, I know that we wish we had some of hospitals available that have closed in the last few years. I'm wondering I. Don't know just like what your? Takeaway from this whole thing has been. Well. I think it's probably the most consequential six months in my lifetime, and and maybe the most the next one hundred days. We'll be as important as anything we've been through. A since April,

Texas Texas Organization Of Rural Matthew Mcconaughey John Henderson South Texas United States A. Warehouse Mexico President Trump Abilene Permian Basin A. Truck Austin Soccer Camilla Cova Eddie
Oil prices rise ahead of OPEC+ meeting on output cuts

Houston's Morning News

00:15 sec | 3 months ago

Oil prices rise ahead of OPEC+ meeting on output cuts

"Parsley energy is turning oil wells back on just weeks after shutting them off evidence of the shale industry's agility in responding to rising crude prices parsley is one of the first and biggest drillers in the Permian basin to announce a reversal of production

Permian Basin
Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County

NPR's Business Story of the Day

05:30 min | 4 months ago

Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County

"People in the oil business are familiar with the cycle of boom and bust prices. Soar prices plunge but they've never seen anything like twenty twenty when the pandemic abruptly brought prices to record lows even below zero. Npr's John Burnett reports from the Permian basin the heart of oil country in West Texas on a normal day in Andrews County look in any direction and stretching to the horizon. You'll see bobbing horseheads of pump. Jacks sucking up oil from deep in the earth but these are anything but normal days right. Now it's scary honestly Linden pertain. A well technician standing in Mesquite. Scrubland that overlays. What experts call a Monster Oilfield? We drove out here. Usually you'd see you with all these good wells. That historically have done a lot of production. They would usually all pumping and kind of looks like caterpillars all running across the landscape. You know and that's not happening right now. All across the vast permian that straddles West Texas and southeast New Mexico. Wells have been shut in in the Argot of the oil patch. American oil companies are pumping a million fewer barrels a day than were just two months ago. According to the Energy Information Administration all the big players out here Exxon Mobil Chevron conaco Phillips have slashed for Andrews County. The effect has been cataclysmic. The county is considering layoffs and the city of Andrews will hold off repairing streets and building a new city hall when you have a community that receives about eighty five to ninety percent of their tax revenue for minerals. It's a serious threat. County Judge Charlie Falcon follows the news. And here's about other cities. Taking a hit from closed. Businesses and Hospitalizations Andrews has had only twenty one cases of covert nineteen and most people have recovered. Nonetheless was Texas is getting a double dip of trouble. Not only do. We have all drop. We have corona virus. And we don't know how long it's going to stay around. You know what people not working not been able to shop not being able to you now sell oil Creates SERIOUS PROBLEM FOR US? Bob Stewart's welding and machine shop. His lost half its business amid the paralysis in the oil patch. A few jobs keep trickling in stewardess Paul and lumbering and jovial. He's done this for nearly forty years. He survived downturns before. But he says he's never seen demand if that rate like this whole world. There's no airplanes fly. There's No car driving cruise ships cruising. There's no summer vacations. Golic's we're producing a lot of oil for a world. That's not using not consuming Bob Stewart is grateful that he has not had to lay off any of his hundred ten employees. He got more than a million and a half dollars through the federal government's paycheck protection program. But that's not going to last forever. It's kind of nine eleven you over. You know what I don't know what it looks like. What comes out. The other side is going to be different with more than twelve thousand active whales in Andrews County. Hydrocarbons have been good to this community. There's an air conditioned Rodeo. Arena a waterpark and new little league baseball diamonds. The schools have a planetarium and an Olympic sized swimming pool. All over town. Grieving motorcycles and ski boats are parked in driveways and behemoth pickup trucks. Roar Down Main Street though the one two punch of the pandemic and the oil bust have left the region staggering. It should not have come as a complete surprise. Every oil addicted town has been before I've been interviewed by the media three times and every time it's when Andrews is on the map for some dubious reason with the Economy Russell Shannon President of the National Bank of Andrews says established companies. That saved for a rainy day. Will weather this bust a lot better than others as I. Try to tell some the younger ones when they try to get in the business. There's a storm cloud out there just because you don't see it today doesn't mean there's not one on the horizon. I mean we've just historically we've seen it too many times. The oilfield workers with six figure salaries thought it would never end. Even though it always does Mighty O. Fernandez was laid off three weeks ago. As a workover rig supervisor now he's realizing just how good he had it. While I've noticed so much didn't realize how much I spent when I was at work breakfast lunch. Taking guys out to buy food. You know of course you want to you know. Give your guys. Hey good job in here here. Some steaks baked potatoes or something for doing you know working to butts. Fernandez sits on his front stoop and Andrews having a smoke and catching the night air after a scorching hundred and four degree day. Now he stays home helps his teenage son with his homework and he tries to keep a positive attitude. I used to worry a lot The Bible says not to worry about what tomorrow because we don't even know we're GonNa make it more so I just have faith and just believing that it's GonNa come back together. The question is when and how long folks can hold out John Burnett. Npr News Andrews Texas.

Andrews County Andrews Bob Stewart John Burnett Texas O. Fernandez National Bank Of Andrews Mesquite Linden NPR West Texas Technician Twenty Twenty County Judge Energy Information Administrat Exxon Mobil Chevron
How a drop in oil prices today could fuel tomorrow's energy transition

Climate Cast

03:58 min | 5 months ago

How a drop in oil prices today could fuel tomorrow's energy transition

"Oil prices take a roller coaster. Ride I'm NPR. Chief meteorologist Paul Hotter here with climate. Castor oil prices fell below zero this week as much of the world shelters in place but the pandemic may also feel a six percent drop in greenhouse gas emissions. This year that's the biggest drop emissions since World War Two. So what does it mean for greenhouse gas emissions and energy as we rebuild the global economy marketplace correspondent Scott? Tong focuses on climate and Energy Scott. Welcome to climate cast. Paul needs to be with you so oil prices dipped into negative territory this week and then they spiked again. Put this into perspective. What's going on with the oil market so demand for the world's oil which until now had been kind of steady by one hundred million barrels of oil every day worldwide. That's fallen by thirty percent and now markets are Kinda flipping out trying to adjust to this whatever you call it. This pandemic normal were in now. Scott the lack of oil demand is also translating into a reduction in greenhouse gas emissions the world meteorological organization now predicts a greenhouse gas emissions will be down about six percent this year and the UN estimates global emissions must fall by around seven and a half percent every year from now until twenty thirty to stay within that one point five degrees Celsius goal on global temperature rise. How can we keep some of these emissions cuts and get the economy working again? I think there are opportunities in. There are also some challenges here. We've lost one in twenty million jobs you know. That's about one. Out of eight of us in the workforce so something has to change but the opportunity is to lock in some telecommute. You know we've learned that a lot of us can do most of our jobs Without having to commute to work there also might be an opportunity as far as our use of oil in the market right now. A lot of oil companies are in tough shape and so they're not investing in finding more oil. So what happens down? The road is if they don't find as much in demand comes back then. The kind of won't be enough in prices are GONNA go up. Then that makes it more affordable to find cheaper greener option. Say to buy electric vehicles and that kind of thing. I understand that if you shut off a well it's not easy to bring back on. Can that push markets in a cleaner greener direction right now in the oilfields of West Texas? They don't make money at the price where it is now. And so those wells are shutting down and a lot of other places that's happening to and for the older oil wells right. They need pressure from underground bringing oil. Backup and if you turn it off. In some cases it doesn't turn back on if oil. Some of that oil has to stay in the ground. Then we kind of have a scenario like Europe right where we're gasoline is just expensive by policy and in places where gasoline at tends to be more expensive greener options become much more affordable and we've seen renewable energy jobs booming. We know that climate solutions can produce jobs. Of course now. We see the oil sector jobs in kind of a bus cycle. So are we likely to see more job shocks and transitions going forward? As our energy balance changes we've seen a lot of oil jobs disappear already. I've done some reporting long distance reporting talking folks in the Permian Basin in West Texas where there had been a lot of energy jobs in those drying up pretty quickly so there are going to be winners and losers in every kind of transition for sure. The job search going to migrate to the industry's tomorrow. Marketplace correspondent Scott Tong. Thanks for sharing your perspective on climate cast today. Of Course Ball. Nice to be with you. That's climate cast. I'm NPR chief meteorologist Paul.

Scott Tong Paul Hotter Chief Meteorologist NPR West Texas Europe UN Permian Basin
What's happening with the oil markets?

Clark Howard Show

08:12 min | 5 months ago

What's happening with the oil markets?

"I WanNa talk about something that has confused people no end and that is what's going on with the oil markets which is causing the stock markets around. The world. Have a really really rough time. So here's the scoop and we alluded to this on the show. Last week is that it was possible. That oil would go negative that people would actually have to pay to have somebody take their oil. And that's an oversimplification. But the way commodities markets work is people buy and sell contracts on futures exchanges where they're guessing what the value is. Something is going to be the next month months down the road. And what's happening with oil right now? Is there such an enormous oversupply that nobody wants it? People who own the contracts or essentially having to pay people to take them over and so we have had a double whammy first. We had the thing that Putin so successfully engineered that massively over produced oil from Russia and then intern from Saudi Arabia as demand for the products that come out oil gasoline and the others fell off a cliff because of all the sheltering in place around the world what. Putin has been trying to engineer is to destroy the US energy market the US energy market had become the world's largest and the situation for us different than Putin and Russia and the Saudis. And some others is that costs us more to produce each barrel of oil using principally hydraulic fracking than it cost to get it easily. Accessible reserves that the Russians and the Saudis and some others can get too so hydraulic fracking costs. More to do then. Most any other method of producing oil out of the ground or pumping it out of the ground and so it normal prices for oil. Our producers are marginally profitable to not really highly profitable but enough they can make a living what Putin saw was an opportunity to destroy the some of the economic strength of the United States and to create more market share for Russia's oil. And so he's been able to do both by pumping way in excess. The amount of oil needed in the world make no mistake dictator. Putin is dedicated to harming the United States. That's what he's always been about. That's who he was when he was with the KGB when it was still the Soviet Union. And that's what he's still about so where we sit today is the effects of what. Putin unleashed has essentially worked and now the world is so awash in oil that the problem is nobody knows if we're going to have any place to store the excess as a result you're going to see one oil exploration company after another and one oil producer after another in the United States. Go Bust and that's what he wanted to do and that's happening now. Historically when that's happened the oil industry in the United States has always been a boom and bust industry. Putin's victory will be short-lived because even as companies get cleared out as competitors when oil's price recovers as people around the world more or less eventually. Go back to work. The oil price will get to a point where players will get out there and start exploring and producing oil out of the ground again in the United States. So right now. This is really hideous with taxes as I read one story in forget if it was the Houston Chronicle or the Dallas Morning News both follow the oil industry so much particularly the chronicle. Does that Texans think of themselves as energy producers not necessarily one particular type of energy and already in the Permian basin the core of where hydraulic fracking has been so successful. Companies are pivoting to producing energy from solar because the Permian Basin is one of the best places in the United States to efficiently produce sewer and it's extremely profitable to do so there so no that one of the things about American capitalism is when one door closes. American entrepreneurs are willing to take a risk on another. And I think you're going to see that the big pivot in Texas in West Texas is going to be the sole were for now. But let's talk about what this means to you and me and our wallets so the last trade for an a gallon of regular gasoline at wholesale spiff four cents the effective. That is that around the country. What we pay for gasoline once people start going back to work and get on the roads and more normal numbers. The savings to your wallet operates like a big tax cut so this is a complicated thing in that a sector of the. Us economy energy production is taking a body blow. You and I as consumers have been just eaten alive by Corona virus but there is a dividend for us as consumers is. We'll go to fill our vehicles. Is We go through months of trying to recover from Corona virus? We will pay much less for the fuel we put in our tanks. There's lots and lots of things that the United States can do to strike back at the Russians not militarily but economically and one. That may be confusing. But you'll likely hear more over the next. Few weeks is having a very high tax on oil imports since we have such a massive supply in the problem is a price side problem with no demand out there that if we create a price disadvantage for the Russians with the oil that would maybe flow into the United States. It provides a bit of protection our producers. The problem is that creates a conflict between what works best for you and me as consumers which is having a lower price per gallon of gas and then the other side what works best for the producers which is to have some protection from the hideous actions of dictator Putin.

Putin United States Russia Permian Basin KGB Saudi Arabia Soviet Union Houston Chronicle Texas Intern Engineer
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

10:40 min | 5 months ago

"permian" Discussed on Permian Perspective Podcast

"Texas are here and ready to help anyone who needs to talk. It's okay to not feel okay. That's how everyone's feeling and just know that there are people that are here and ready to help whenever you need them and as a person who is a hugger and I just I just want to give you a virtual hug every one right now through this podcast because I know this these are tough times and I just WanNa give you a hug and tell you were all in this together. If there's anything that we can do for you please. Please let us know. I want to catch you up now. On some important news that impacts all of our lives here locally in West Texas at recording time West Texas intermediate is trading at eighteen dollars and thirty four cents a barrel according to Bloomberg reports with the recent output cuts deal by OPEC and its partners failing to revive prices. Saudi Arabia and Russia have said they'll continue to closely monitor the oil market and are prepared to take further measures jointly with OPEC and other producers. If these are deemed necessary. Saudi ARMCO said Friday that it will reduce supply to eight point five million barrels a day from may first on the corona virus itself the total number of corona virus cases in Midland County. Now stands at forty two confirmed cases. Three patients have died. Twenty are recovered. Extra County has lost four patients to Kovic nineteen and there are fifty eight confirmed cases. Twenty-three have recovered. Andrews has nineteen confirmed cases and three recovered. Now in the State of Texas there are sixteen thousand four hundred fifty five positive cases in three hundred ninety three deaths. The estimated amount of recovery's is about three thousand six hundred seventy seven. Our thoughts and prayers are with everyone who has been affected healthwise by this pandemic Governor Greg. Abbott addressed the country today and issued new executive orders. Here's the gist of it. Retailers may reopen next Friday and may operate curbside service state. Parks will be reopening on Monday. However visitors must wear face masks and cannot gather in groups of more than five schools will remain closed for the remainder of the year. Yes we are thinking about all of you. Seniors out their thoughts and prayers with all of our seniors and my daughter's included in that class of twenty twenty. It is heartbreaking and we celebrate each and every one of you and the wonderful thing is. There's so many people that are doing for others and especially the seniors right now and reaching out and sending cards and dropping off flowers and I think it's just a it's a beautiful thing to see so many people support the seniors in the class of twenty twenty we salute you. You have done an incredible incredible feat and it didn't end the way that we hoped it would but we are thinking about you now. Here's the other news. That Governor Abbott said regarding education. He said teachers can return to campus to get materials and conduct any business they need to in order to help conduct online learning that can also of course clean out their classrooms and the T. E. is expected to release plans for graduation fingers crossed. That's right I know there's ways to get this done. My fingers are crossed role of our seniors. Let's get them to walk. The stage and an advisory council with doctors and business leaders are working on steps to take to reopen the state governor. Abbott said more plans to reopen Texas will be announced Monday April twenty seventh. Yes will be listening and we will be reporting for you now. President trump recently announced his three step reopening plan. The plan provides governors across the nation a roadmap for recovering from the economic pain of the pandemic. He also told governors that they will call their own shots. Now here's how. The new guidelines will envision easing social distancing restrictions and remember. These are just the plans he put in place. These are not underway. Yet this will be up to the governors of each state. President trump is suggesting that phase one is restaurants movie theaters sporting venues places of worship. Gyms that they can reopen if they observe strict social distancing elective surgeries camera zoom when appropriate on an outpatient basis in schools. Currently clothes should remain. Shut and visits to senior living facilities and hospitals should be prohibited. Bars should remain closed. High risk individuals should remain at home face to that he is suggesting is schools and organized youth activities like camps reopening nonessential travel will then be able to resume and people can start circulating and parks outdoor recreation areas and shopping centres while avoiding gatherings of more than fifty individuals unless unspecified. Precautionary measures are taken restaurants. Movie theaters other large venues could then operate. Under moderate social distancing roles now vulnerable individuals should continue to shelter in place and employers should continue to encourage teleworking whenever possible. Common areas where people congregate in close quarters should be closed bars. This once again is face to would be able to operate with diminished standing room occupancy and then finally phase three of what president trump is suggesting is vulnerable individuals can resume public interactions but practice social distancing employers can resume unrestricted staffing of workplaces. Large public. Venues can operate under limited social distancing rules and visits to senior care facilities and hospitals could resume once again. Those were the three steps that president trump outlined this week as he hopes to reopen America now this week the irs began direct depositing stimulus checks in some eighty million. Americans should have received their check spy now. Did you get yours well? Even if you haven't received yours yet you can see the status of your payment on the irs tracking tool and just to clear up some confusion. You don't have to repay the stimulus money to the government in any way it is not alone. Andrew Stimulus payment will not be taxed. I think that's important information. A lot of people were kind of concerned that you'd have to pay this money back but you do not and that's a wrap of what's happening on the local front on the National Front. I know there's a lot going on here in West Texas and I've been asking everyone to tell me something. Good that's right. There's always good to be found and this week we want to announce under our. Tell me something. Good the community. Mvp which is diamondback energy. Now they're doing so many good things in our community this week. They donated one hundred thousand dollars to various nonprofit organizations here in West Texas. Those receiving funds are relief. Midland Michigan Bay Breaking Bread City rescue mission and infant crisis services. All of these nonprofits are doing amazing work here. In the Permian Basin Relief Midland is providing approximately five hundred meals six days a week to workers in healthcare public safety hospitality industry educators and members of the public who are in need a huge. Thank you to our nonprofits. Who are making a difference in our community not just during the pandemic but they do this all year round so diamondback energy in our nonprofits. Are this week's community. Mvp and of course our which will probably be. I mean this is without saying lifetime. Mvp Our healthcare providers they try. They are the true heroes. What they're doing on the front lines is amazing to watch. They're putting their lives endanger lives of others they are just. They're running to the fire right not away from it. They are the ones that are in the throes. They care deeply about their patients. They're working so hard and so we are just thinking about Oliver Healthcare providers and just want to give you a virtual high five because you are really inspire and just amazing the work. You're doing so thank you. Thank you thank you okay. I think that's it. We will do another one of these little wraps a couple of weeks. We have a great guest next week. I can't wait for you all to hear from Alex Bruns of Baker Hughes. He has so much to say about how life is here in the basin working under these pandemics considerations and just great conversation that. I hope that you will join us for. I think you all for joining me today. I wish you the best of health love and joy. Please take care of yourselves. And we hope to see you all soon in person in the meantime. I love that we can spend this time together during the Permian perspective. Podcasts thanks for joining us. Remember my life Matas dream big believe in yourself and never ever give up. You make a great day. Hi Everybody Alex here with the events on deck so obviously we are in Unprecedented Times right now and have been unable to carry out our last couple of happy hours that we had scheduled for last month. We have chosen to delay them. And we'll continue to update you on when exactly we will be able. To have those events again obviously. We're following along recommended guidelines of the CDC in the World Health Organization. So we're really looking forward to seeing you and we're hoping that these events are going to happen sooner rather than later but for now stay tuned and we will keep you posted on those states also just want to say thank you to everyone for continuing to listen to oil and gas global network. We are fortunate to already have been virtual company before the corona virus and all these issues started plaguing various countries. And we just want to continue bringing you guys the best information and to the best of our ability. Keep you informed especially while everyone is at home or at least most more people than ever before our at home so we would like to thank you for continuing to tune in and continuing to listen and we hope that everyone is staying safe and we wish everyone the best and thanks again tune in next week for another episode of Permian Perspective it production of oil and gas global network learn more at www dot org G. N. DOT.

trump Governor Abbott Texas West Texas Mvp President OPEC Alex Bruns Permian Perspective Midland County Permian Basin Relief Midland Saudi ARMCO Saudi Arabia irs Andrew Stimulus Bloomberg Andrews
What's the Difference Between Turtles and Tortoises?

BrainStuff

05:07 min | 5 months ago

What's the Difference Between Turtles and Tortoises?

"COM welcome to brainstorm a production of iheartradio. Hey brain stuff lauren. Boko bomb here at some point. Let's just say around two hundred and sixty million years ago earth got turtles. They looked strange. And these our modern mammalian times when lots of things are squishy and unarmored but during the late Permian epoch. Those early turtles were dressed in all the latest fashions. A short sturdy legs bony plates and a stiff splayed crawling strapped. Shortly after turtles made their evolutionary arrival eight fairly standard earth thing happened a mass extinction event. Although mass extinctions have happened with some regularity on our planet this one was a doozy and it wiped out almost all of the life in the oceans and over two thirds of the vertebrates on land. The things that survived had to have been pretty good at survival and it turns out turtles. Were we spoke about email with Laura Smith? A research scientist who specializes in herpetology at the Jones Center each way which is an organization in Newton Georgia that promotes excellence in natural resource management and conservation. She said turtles have a really successful body form. That hasn't changed all that much over time. They retained the primitive shell. Which is a really protective safe body design. Also turtles live in a lot of different habitats. Their aquatic and also terrestrial so living in a lot of different habitats has allowed them to persist. So what's the difference between tortoises and turtles all of the animals alive today that protect themselves with a Shell? Which is basically just a modified ribcage are in the order student. He's collectively we call this group of animals turtles but individually. We might call them different things based on where they live and some morphological and physiological traits. Tortoises are a group that are generally always found on land. Smith said they say that. Not all turtles tortoises but all tortoises are turtles be turtles are organisms with. Shell which might be in water or might be on land. A tortoise is a type of turtle in general both turtles and tortoises as well as other reptiles lay their eggs on land. It's what makes them different from Amphibians which need water for egg-laying end at least part of their life cycle because tortoises are a type of turtle. It's difficult to lay down hard and fast rules about what makes something tortoise ish rather than turtles but in general tortoises are always found on land whereas turtles can be found in aquatic or marine habitats as well as Land Smith said turtles and tortoises look different because of where they live a seat hurdle is only found in the ocean the females are the only ones that come on land and that's just eggs they have four legs but the front legs are almost like wings or paddles. They're not great for moving around on land at all because they're adapted for swimming quickly. Their shells have a low flat profile for cutting through the water. Compare that to a Galapagos Tortoise for example whose body can weigh up to nine hundred twenty pounds. That's almost four hundred twenty kilos with stocky elephantine legs a high dome. Shell and big scales on their exposed skin to protect them from predators and they wouldn't last long in the ocean but luckily they don't have to. The Smith said for the most part. There's not really one characteristic that tells you whether something is a tortoise or turtle but it's pretty clear if you see a little turtle on the side of the road and it has a sort of flattened shell profile webbed feet in the back smooth skin and some brighter colors. That's going to be a turtle tortoise. Have a heavier more dome? Shell and subdued colors as usual. The terminology can be confusing Box Turtles for instance which are widespread in the United States in Central America? And don't really swim or spend much time in the water. But they're still considered turtles rather than tortoises and then there are the terrapins. Which is the name given to aquatic turtles in the United Kingdom in the US aquatic turtles are just called hurdles with the exception of the diamondback terrapin which lives in brackish water in tidal marshes in the eastern United States? Both tortoises end hurdles have made themselves at home on this planet. We find both on every continent other than an Arctic with one exception. There are no tortoise species native to Australia. Smith said

Laura Smith United States Lauren Terrapins Research Scientist Australia United Kingdom Newton Georgia Jones Center Central America
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

09:32 min | 6 months ago

"permian" Discussed on Permian Perspective Podcast

"I'm on facebook instagram. And of course on Lincoln so I would love to hear from all of you speaking of hearing from you. I heard a wonderful review from one of our listeners and I wanted to share it with all of you a special thank you to slide jumper for this five star review. Whoever you are slide jumper I want to thank you for these kind words. Here's what you had to say. The different perspectives that make up the Permian Basin all one podcast with a great interviewer and facilitator of conversation. If you live West Texas you should have this on your list. Very very kind. Thank you. So much jumpers for those kind words I really appreciate it and if you would like to leave a five star review please feel free to do. So you can head over to itunes or Google play or you can just shoot us an email and let us know your thoughts on in perspective. We appreciate all of you so much for listening so this week. I wanted to catch you up on the very latest on what is happening here. In the Permian Basin due to the COVE NINETEEN CORONA VIRUS. As you know we are all affected by the pandemic the economy across the nation. And of course right here in the epicenter of oil and gas is taking a big financial hit so I wanted to begin with where oil is trading at an remember this as at recording time of this podcast. Wti is at twenty dollars and fourteen cents. A barrel. Now rig counts dropped dramatically last week. According to the weekly count from Baker Hughes the impact of cuts layoffs are starting to show more than half the weeks losses came here in the Permian Basin which lost twenty three rigs for account of three hundred eighty two now the US rig count dropped forty four to seven twenty eight. It was the largest single week. Drop since the bottom of last oil downturn according to the Houston Chronicle New Mexico the only other producing state with the triple digit recount lost three rigs down to one. Oh nine in other news. Pioneer Natural Resources. Ceo Scott Sheffield spoke to CNBC. Recently and said the current price downturn reminds him of nineteen eighty six and opposition to a settlement with the Saudis from companies like Exxon Mobil threaten the future existence of independent companies. He went on to say that it will take a long time to the market and the next on is an example of the oil industry. Heavyweights that WANNA see all independence. Go bankrupt and then pick up the scraps. He also predicted there will only be ten out of the seventy four independence left at the end of twenty twenty one that will have decent balance sheets once again. Those were the words. Scott Sheffield the CEO of Pioneer Natural Resources recently on CNBC and the layoffs continued. Hit our area hard pro. Petro notified the state Friday at plans to lay off three hundred eighty eight employees in its hydraulic fracturing division according to the Houston Chronicle slumber j. The Largest Oilfield Service Company in the world plans to cut up to thirty percent from its budget as oil prices continue to drop and cove nineteen cases rise. The company also expects to lay off workers and reduce compensation in North America Shumba. Jai Joins Chevron and numerous other companies in the energy industry who are cutting billions of dollars in response to the falling oil prices Kirk Edwards. Who is an odessa-based independent oil and gas producer wrote a letter to President trump that was printed in our local paper? The Odessa American in it he says the following to President trump quote. I asked President trump to immediately place. They've forty dollars per barrel tariff on Saudi oil coming into the United States. I ask you to quit defending Saudi Arabia with our troops and aircraft carriers and start defending your most critical domestic industry. The one that keeps US country moving with affordable gasoline and electricity the forty dollar TARIFF IS THE DIFFERENCE IN PRICE. American energy producers. Were getting just two months ago versus the twenty dollar per barrel that we are getting this week that tariff would generate nearly one point two five billion dollars per month to the US government. The government can direct that revenue back to the oil producing states like Texas Louisiana New Mexico and Oklahoma in an effort to help those states. That are being massively impaired by the current dumping on Saudi Arabia filling the Strategic Petroleum Reserve. Twenty dollar oil does nothing for the American energy producer. We need jobs and we need a price. We can economically drill for and twenty dollars per barrel. Certainly. Isn't it end quote once again that was from Kirk Edwards who is an odessa-based independent oil and gas producer? Writing a letter to president trump. That was permitted in our local paper. The Odessa American in Other News Governor Greg Abbott Expanded Quarantine Orders for travelers heading into Texas on Sunday any air traveler entering Texas from Miami Atlanta Detroit Chicago and the states of California in Washington must self quarantine for fourteen days at it said his original order which included air travel from New Orleans now includes any road travel from people entering Texas from Louisiana. He also recently announced an executive order requiring a mandatory self quarantine for air travelers arriving to Texas from airports in New York New Jersey Connecticut and New Orleans here on the local front. The city of Midland has confirmed thirteen positive covered. Nineteen patients and actor county has confirmed five positive cases the city of Midland Memorial Hospital mist acs. D have done a phenomenal job. Keeping the residents of West Texas updated on the situation most residents on the Permian Basin or following the advice of our local and state officials and staying home. Now Land is following governor. Greg Abbott's executive order limiting social gathering to ten people prohibiting eating and drinking at restaurants and bars while still allowing takeout closing gyms bannon's people from visiting nursing homes except for critical care and temporarily closing schools now. The city of Odessa decided this week to sign a limited shelter in place that will close many businesses including hair and nail salons gems massage businesses food courts parks and pavilions and ratliff ranch golf links. They're also asking real estate. Businesses to close on homes. Virtually not face to face and childcare can stay open but not have more than ten kids at a time. Of course. Most of this information can be found on facebook. You can go to actor county health department. You can also find nightly updates on midland mayor. Patrick Payton's facebook page and of course all of our local news are covering these stories from top to bottom. Of course also these regulations and rules are changing. Is this as a fluid situation. So by the tiny here this they may be different but as of recording. These are the very latest happenings here in West Texas. Now I know this is all hard news to hear and I wanNA share some good news with you and what I've been calling. Tell me something good. If you WANNA sing along with me feel free. Tell me somethin' good. Let's right we have to find the good. I know that this is a difficult time. But there's always a beacon of light and I would love to share good stories with all of you just like this one was shared with me. I love it in front of Middleham Memorial Hospital. Someone surprised the nurses and doctors with the sign out front that reads heroes work here. It's one of those huge signs. I believe it's Card my yard. Who does these and it is just a fantastic way for those nurses and doctors to be reminded that we are so thankful of them and they truly are the heroes. They're working the front lines and that is why for the second week in a row our community. Mvp Our nurses and doctors who are the real heroes. Working to heal those west Texans who are sick and we cannot thank you enough now. They're truly has been so much good. That has come out of the pandemic kids all over town or Writing Bible verses on the sidewalks in front of their houses and in front of stonegate church there is an entire block of encouraging words in scripture so beautiful to walk by just brightens your day. If you are feeling a little bit down and you need to get out and get some fresh air highly encourage you to walk up and down the sidewalk there and you will immediately feel your spirits lifted. I've witnessed over and over the past couple of weeks. The Permian standing firm and helping others their restaurants who are delivering to nurses and doctors the elderly the homebound of course West Texas Food Bank just doing outstanding work here in our community the volunteers and in so many others that are just helping out Libyan Craig everyone. There are just wonderful people and they are doing their part to make sure that nobody goes hungry. During these times so in in traditional West Texas Manner Permian Basin is coming through for each other. Like no other. I do want to thank.

Permian Basin West Texas Texas US facebook Saudi Arabia President Houston Chronicle producer Ceo Scott Sheffield Midland Kirk Edwards New Mexico CNBC trump West Texas Food Bank Louisiana Exxon Mobil
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

06:44 min | 6 months ago

"permian" Discussed on Permian Perspective Podcast

"Affordable to live here and so we know that teachers are using that in both midland down. Odessa and I'm excited to see the results but again maybe that's something that needs to be ongoing fantastic. Thank you so much for your hard work in pouring into our community. What is your favorite thing about living in the basin for the past year? Oh my goodness We have had the best time. I don't know the barbecue here is over the top little different than Colorado different. I tell my friends. You don't even know what barbecues until you come down here so true but honestly it's really what you hit on earlier. We feel like we've known some of our friends that we've met in the past year for all of our lives and we just the Camaraderie and the spirit down here is unlike anywhere that we've seen and we love to be part of it and we really feed off the energy of the folks down here and the pride that they have and so it's been pretty amazing Pantano. Well we're so glad you're here and I know last time I probably asked you this because I always love to know what people are reading or listening to. Do you have a favorite book or podcast that you're listening to right now? You know right now. I'm reading a book and Gosh Darn it and it's Oh I don't know it feels like it's about a foot thick but it's about the the history and the heritage of West Texas Fan. Yeah and about how the all the various industries all just hasn't been oil and gas all the time right talks a lot about agriculture in the history of the area and now they put me on the spot. I cannot spit out the name. But it's it's like well I'll just google best book that's think about West Texas. It'll come up but I love that you're learning more about West Texas because I think it is important when you move somewhere to dive into the culture and to learn the history and we do always have people that are moving in and out of the basin and as many who have been through booms and busts around here now that if we're in a downturn now we argosy things turn around and it's going to go back up so new people will be moving back into the basin and I love that you are still learning about what makes it so great here. I think that's fantastic. What's the most important lesson you have learned? Maybe in it doesn't have to necessarily be in the last year being here but in life. I think I've known this for most of my adult life but being down here for your has just really put the exclamation mark on it. And it's it's advice that I give to my kids. I don't know if they listen to it but certainly anybody who asks in. It's it's okay to be uncomfortable and in fact. I think it's important to be uncomfortable as I reflect back on my professional life certainly on my personal the Times where I experienced the most growth was when I was uncomfortable. If we constantly operate our comfort zone we will never truly reach our potential. And I've even though it is uncomfortable. I sometimes when I get uncomfortable. I have to think okay. This is growth. Time this when you're going to grow and it's something that it took me a while to realize but it's absolutely true. It is true. My husband's told that to our kids several times. You have to get comfortable being uncomfortable. Absolutely that can apply to any aspect of your life whether it's in sports if it's in the classroom if it's in the workplace sometimes it's GonNa feel you're GonNa get the butterflies is gonNa feel a little different because you haven't done this before but once you do it you're going to be so glad you did That's it and you're GONNA learn something from it so good advice and your kids should listen. Let me tell them. Sometimes they listen to other right other moms before I I understand. I understand Let's let's just kind of close things out with a reminder of the Permian counts because I think that is so important that everyone does go. Fill out that information. Let's just give one final push? Is there anything we haven't mentioned about it? That you think is so important that you really want all of our listeners. To know two things really number one when we ask people are you going to fill out the census early on we got to interesting common themes back number one was. Oh we're going through a census right now. It's since this year so the basic awareness that this is happening right now needs to increase significantly so yes. We are going through once every ten years since his count as happening right now as we speak number two the other reason people said well. I don't matter I mean if I don't feel my now. If you know plenty of other people will so. I don't matter but there goes if everybody thinks like that then we're GonNa get a significant undercount and so every person in this basin who is here more than fifty percent of the time absolutely matter so I don't want any of your listeners. Or any of anybody here to think that they're that filling out their ballot doesn't matter because it does. That was great. Great information in so true because when you said that I just realized ten years flew by that my ass and to think we we are in another census count. Yeah I mean I feel like it was just yesterday but it wasn't letter and so as so important. Great Information please. Everyone take Tracy's advice go to the Permian counts dot com and Phil this information out. We would love to make sure that we get all the representation. We can here in West Texas. We need it now more than ever and we need each and every one of you to be counted. So Tracy thank you so much. I appreciate you being here. And if we want to let everyone know that of course. Permian strategic partnership is here to stay. You're on social media. You're on facebook. The premium counts as well so just diving. Get that information. See how you can help. And let's continue to support our wonderful community of the Permian Basin and we're all in this together. So let's help each other out and be strong together and go get your senses. Vote counted right now. I cannot say it enough. I feel like now. I'm gonNA tell everybody like everybody. I see if you feel about your son says. That's that's what we need to do. We need to spread that good here of filling out your census so tracy thank you again. I appreciate you thank you for all you do and thank you so much for having me your welcome well. Usually we always announce a community. Mvp At the end of our show. And today I have several community. Mvp's because as you know we are going through something we've never gone through before and we are seeing people step up like in true West Texas fashion as they always do. But I want to share a special. Thank you to our grocery store. Workers Nurses Doctors Educators first responders farmers city government officials who were all working overtime to make sure that our country locally and around the world continue to run a smooth as they can during these uncertain times. If you haven't chance take the time and just thank you. It's that easy. Just walk up to him. Say Thank you so much for all your doing and from all of us here at Permian perspective we appreciate each and every one of you and what you're doing to help during this pandemic special thank you again to Baker Hughes for Sponsoring Permian Perspective as you know. Baker Hughes recently launched a new in reimagined Baker Hughes brand and the as an energy company. They are striving to make energy safer cleaner and more efficient for people on the planet. Thanks again for joining us. I appreciate each and every.

West Texas Tracy Permian Basin Baker Hughes Odessa Sponsoring Permian Perspective West Texas Fan Permian Mvp Colorado Workers Nurses Doctors Educato google facebook Phil
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

11:13 min | 6 months ago

"permian" Discussed on Permian Perspective Podcast

"Tell us a little bit about your partnership with p. s. p. and the census education campaign which is called. The Permian counts. Thank you because I can't think of another region in the entire country that has more to gain from an accurate census. Count as we all know who live here. We know that due to our growth we have a lot of challenges that come along with that and that is by way of of housing and healthcare and Roads Education Workforce Development. All the things that the PSE works on but one of the. We feel like one of the priorities needs to be on making sure that every person in the Permian if you live here if you're here fifty percent or more of the time you need to be counted here because that is directly linked to federal resources. That should absolutely come to the Permian. If we all agree that being counted needs to be a priority otherwise the resources that are designated for right here are going to go elsewhere to the places that were counted in so all we have to do is make our individual responsibility to go online and be counted. And we'll see resources. Potentially that our region is never seen before so in the past. I if I remember this correctly we would get packet in the mail. We would fill out a little questionnaire. Send it back and then maybe someone would come to our door and follow up. Bright is that how the process was in the past but is now changing. You're exactly right. That's how it's been done for years and years this year. It's changed to technology and people like the convenience of filling it out online. You can do it directly from your cell phone your ipad your computer but then you add the corona virus on top of it and so much of that door to door and reminding and encouraging people educating them face to face is not going to happen or at least certainly suspended and so now. It's really a comment on all of us as individuals to take the time to educate ourselves into go online and do it ourselves and just make it a priority. So what is the fastest way to do this and easiest because will be honest? A lot of us are staying home now a lot more and with governor Abbot just announcing today. That going into effect tomorrow night. Bars and restaurants will be closed indoor dining and also you can't be in a group of ten or more people. We're going to be home a lot more. How can they do this with this time? Absolutely so a couple of resources for you if you go to the Permian counts dot com. We've got economic studies that will show people just the importance of getting an accurate count and honestly ramifications of if we don't what we're GONNA lose out on so those numbers are really compelling and important for us a number two. We list out all the resources in helpful tips on how to fill it out. It's actually very very easy but I know if you've never done it before. New things can be intimidating and so our website will help guide you to resources. That will help walk you through that. Of course you can always visit the. Us Census Bureau and then it will take you directly to the form that you can fill out. It takes higher on average about a minute minute half thought so it's really simple and easy to do in the past once again. I don't know what the numbers are. But what was your turnout like? Did you get a good response from people that did the male inversion versus? Now this new technology sure so nationwide. We had an average of about a two percent undercount. If you went last year which doesn't sound too bad at all right but let me just does some numbers at you. So a two percent undercount. This year would result in a regional loss on the Permian Basin of one point one billion dollars in gross product. That's about one hundred and twelve million dollars a year as well as about thirteen thousand jobs all because we didn't fill out a form that takes a minute and a half to be counted and that's a two percent undercount now we know it's even more challenging because of the state of things and what's going on here and also the Permian Basin is very. It's much more ruling nature as we know and so access to things like the Internet can't be taken for granted here in every place so I feel like we're even more challenging if you get a good count and that's why making it a priority. I'm hoping that we can reduce that. Two percent undercount one percent or let's go one hundred percent would be great but those are numbers just to give you an example of a two percent. Undercount do you feel or are you worried that the state of oil and gas right now will affect that count and affect people because of the worried. Miss that is going on in their daily life from getting them on there. I do think that that's going to provide an extra challenge again. That most of the country's not gonNA face and it right here in the heart of the Permian. We'RE GONNA face it more than anybody. Along those lines are. Rotational Workforce Causes Challenges. That don't exist anywhere else. And I think it's so important for people to understand that if you spend fifty percent of your time here you need to fill out the census here. There's some misinformation or I think some folks think that well my family may live in a different city different part of Texas. Maybe even another state and so that's where I'm GONNA fill up my senses. Well the guidelines say it's where you spent fifty percent of your time and so getting people to understand what they call home for the census. Maybe they're counting something different. So those of our friends out there. That have a lake house in San Graham Berry. Or maybe you're at Lake Travis. But you're here more. Please fill out the census here because you are here. More than fifty percent of the time does he's the right and that's where they want the resources to be dedicated towards him. What I've been telling people is if you don't know if you're on the fence when in doubt fill it out and the US Census Bureau will figure out where where you should be counted most the time but if you have any doubt go ahead and fill it out. That's a good idea and of course we will put the Permian counts website in our show notes for you. Go to after this podcast. If you say hey we need to go to that website and check it out and go fill this out now that that would be great so we will definitely put that in your show notes once again. I'm speaking to. Ceo Tracy Bentley of Permian Strategic Partnership. And we're talking about the importance of filling out the census because this really is such a timely really timely matter that we need everybody to do right now so that we can get an accurate count and as you mentioned. Get that funding. That's right I feel like now more than ever. There's it's never been more important for us to get this count. We already know that because of the Challenging Economic Times that we're going to need more more resources and we may see those via stimulus package going from the federal government but these resources that were talking about via the census are long lasting sustainable permanent. If you will resources aren't gonNA come and go. And so they're going to provide basic stability and honestly services for public safety. Our veterans our seniors healthcare education housing. All of that that we so desperately need. Thank you Tracy. I know that you are deep in the heart of what's going on right now in listening and learning and reading everything that you can. What is the state of oil and gas in what you've been reading in? How are we going to get helped by the federal government? Have you read anything today? That maybe we could give us new information on. I haven't I'm well aware like everybody else that those conversations are happening in Washington. Dc and federal governments reaching out to states to find ways. That can be helpful. What I can tell you is that even in the downturn an this interesting economic time the Permian Basin is still the preferred place for energy production. And there's no doubt we are feeling it and we're going to feel it but long-term the permian will remain productive. And we'RE NOT GONNA see folks pick up and move and leave it baron if you will. I think we're GONNA continue to see production even during this downturn. I know many of our listeners watched the oil prices up and down a Banana. I know I do too. I'm right there with you. Got a little bit of good news. Today it went back up to twenty five and we hope you see more green. Arrow's what advice would you give to those living here in the Permian beyond because we have listeners really tied to oil and gas all over the world to really keep their spirits up about what is happening here because you and I both know that? Permian Basin are resilient. We are Permian strong. We're going to keep on truckin. We're we're not. We're not GONNA give up. So what advice would you give nets in what you just described? Chris as one of the many reasons why I absolutely love living here and I feel like it's been my home for much longer than actually has but what I would tell folks is. Yeah it we're going to feel it and we're going to hurt it but it's GonNa hurt a little bit but we're going to remain for the long haul end so hang in there and know that this industry is going again to continue to produce probably not to the degree that we have in fact we know we're not going to so we're GONNA wait it out and keep producing even at twenty dollars a barrel and oil until conditions improve. And then we'll wrap up again but we're not going to. We're not going to leave right. And that's the thing I mean. We're we're all here. We're going to all stick it out together and I always say this too shall pass and we will be here together to continue to work on those issues that I know the Permian strategic partnership is so strong about and for those of you that maybe didn't listen to our our previous podcast and we talked about the road issues. The roads still need help right. I mean the roads are still we? We are still busy on the roads. We still have potholes on the roads. We still have people that are dealing with some of those same issues. It may seem like it's on a smaller need right now but it's still there. You're exactly right. The premium strategic partnership is comprised of twenty of the largest producing companies in the country. But certainly in the Permian Basin and the fact that they said now more than ever the Permian Basin needs leadership and efforts to continue to work on the things that you just described just because we're in an economic downturn or hard times doesn't mean that we can't we need to still work on things like access to healthcare that's now again probably more important than ever our roads needs to see. Improvement are education all those things and so the premium strategic partnership is not. GonNa Pause on our work. We're going to continue to fund initiatives working with the community and partnership right through this. So we're going to be here. Let's talk about some great initiatives and the great work you've done in the past year because I know there has been so much that Ha- we've really seen a lot of the oil companies just really pouring their heart and soul into this community. Yeah last year was our first full year up and running and we spent over thirty million dollars. On six initiatives and initiatives that we fund are really go to the critical needs to areas that we just spoke about and so we were one of many funders in the idea public charter schools. That are coming to Midland Odessa. Were thrilled about that. We also hear very recently announced a partnership with Texas Tech and hospitals across the base including southeastern Mexico and certainly here in West Texas where we are funding more DR residencies because we know that attracting and retaining new doctors the area is challenging and it is due to the other things. It's all cyclical affordable. Housing is an issue and road safety and all those things so really pouring resources and thought into recruiting and retaining encouraging them to stay has been something. That's been our goal for a while. And so we're thrilled about this partnership and hope that it works so well that we can expand it. Even that was another what we call a success. We also were able to fund teacher housing subsidy to find out because affordable housing is an issue for again attracting and retaining quality teachers and so even bringing rent down by twenty percent in a partnership.

Permian Permian Basin Permian Strategic Partnership Census Bureau Us federal government Roads Education Workforce Deve Ceo Tracy Bentley p. s. p. Lake Travis Challenging Economic Times Texas Washington governor Abbot Texas Tech Midland Odessa San Graham Berry
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

06:24 min | 7 months ago

"permian" Discussed on Permian Perspective Podcast

"Everything he can to kind of support people oil and gas. He loves his industry. And so with that. I just kind of started volunteering on the street team. Shout out to the street to India. And Yeah. It slowly evolved into doing social media. So now I've been doing social media for oil and gas will not work for. I think since last maybe may April or May Pentastar. Yeah so coming up. Thank you so happy that we got two years. If you had to give one social media tip to business owner out there right now listening that could maybe help them engage their followers more. What would that Social Media Tippy? So I'm really passionate about branding and I think something that a lot of times is underutilized. Is just having your logo on everything so anything you put on social media you know and now that. I'm thinking about this. I may be guilty of this too but you all. Are we all the all posters? And then afterwards he go. There was no branding exactly. Yeah so don't even worry about. I understand exactly but just putting your local on things you know a lot of times. People will see something that someone has shared and the logo isn't there. They're looking for it the more you can get your logo in front of someone's face the better. Yeah that would be social. Media is and also people love to see other people so human interaction daily things that aren't so corporate looking. You know what happens behind the scenes people? Love look like the inside. And what's going on? Wonderful Well Alex. Thank you so much. It was nice to meet you. Nice to meet you too. And it's so that our voices have been together for a long time but now we are personally together in the same room and I just love that and this has been such a pleasure to meet you and I'm so excited for you and your future and you and I were talking before the podcast. You're Notre Douleur by heart and spirit and I love that about you. I am an entrepreneur by marriage. I told my husband. He is the true entrepreneur. I N attest to this. I met him earlier. That I'm now moving. In that direction I just loved the entrepreneurial spirit and I think it's fantastic so I know you'll do great things wherever you go from here. But you already are doing. Great things for your family's companies once again. Alexandra Brazier with Ken grow. She is the Business Development Director. And I'm so excited that you share this time with us and gave us some tips and we learn something and in a minute. You'll hear her voice again. Let's do one more time. Hey I think I'd say hey. Everybody I duNno Chris. They gave me some tips on how to be better at this. So I'm more from her after. I said I'm going to try to spruce up the though you're doing a great job. I level weary Alex. You're so cute. Well thank you again for sharing with us. We appreciate you. How can people find you on social media? Yeah so we're on social media under Kengo Corporation that's on facebook and linked then we also have twitter and instagram. We're not that hip so facebook linked in and twitter. And Yeah a great way if you my contact info. Our website is a great place to go. And that's kind of where you know. You can see rundown of everything and also get my contact great. That's came grow dot com. Alex was a pleasure. Thank you so much. Thank you appreciate you. Well WE WANNA now announce this week's community. Mvp and the community MVP is diamond back energy. Their employees recently took the time to prepare gift baskets for local elementary school and delivered them on Valentine's Day. Isn't that sweet way to go? Diamond back for showing love to our students here in West Texas. I just love that. Also a special thanks to Baker Hughes for Sponsoring Permian Perspective Baker Hughes as you know recently launched a new and reimagined Baker Hughes Brand speaking of brands. We're just talking about brands and you can see that. Wonderful Green Logo brand everywhere. They are in an energy technology company in their striving to make energy safer cleaner and more efficient for people in the planet. So that's it for today. Thank you so much for joining us. This concludes our episode of Permian Perspective. The story behind the oil and gas leaders in the Permian Basin remember my motto dream. Big believe in yourself and never give up you make it a Great Day Alex. Hey everybody Alex here. With the events on deck for February we do not have any. Oj UNHAPPY HOURS IN FEBRUARY. But we do have an exciting event coming up in Pittsburgh. This'll be our first happy hour there in March and it will be taking place on March twenty fifth the location to be determined so be sure to follow us on Facebook Link. Dan Or twitter to keep up with Those announcements and to purchase tickets the Houston. Api luncheon will be on February eleventh. This will be a networking about with top oil and gas business leaders and they a promise that you'll learning something really cool so check it out and sign up for that event. The wildcatters ball will be on February seventh in Houston. This fall is the primary oil and natural gas industry fundraising for the IP A Educational Foundation proceeds go toward funding foundations energy education program. The Energy Houston three gun. Chapter will be on March Twentieth in Houston. This event fills up really quickly so make sure to get your team. Enter the best way to do so is to fax or email. The form with at least a captain's name as soon as possible if you need to wait for a check just noted that on the bottom of form and send it on we will be sending Mark Liqueur and Patrick pistre to Scotland to Aberdeen Scotland on March fifth. Four Doku Kahn. Which is the first event of its kind. It is a conference or creating high impact sales in energy and mark and Patrick will be hosting panel and recording alive. Podcast if you're interested in attending this event visit Dough Karoo CON DOT DOT KAROO DOT COM. And that is d o q a. You See oh that's offered this month. Thanks for tuning in and be sure to check again next month for more updates on. Obgyn events tune in next week for another episode of Permian Perspective a production of the oil and gas global network. Learn more at. Www DOT org G..

Alex facebook twitter Permian Perspective Houston India Permian Basin Baker Hughes Doku Kahn Patrick pistre Baker Hughes Brand Pittsburgh Business Development Director Mvp business owner Scotland Permian
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

08:05 min | 7 months ago

"permian" Discussed on Permian Perspective Podcast

"Producing regions the area in West Texas and southeastern New Mexico could nearly double crude oil production by the year. Twenty twenty three but who are the leaders behind this economic powerhouse and what is their story. This is permian perspective. I'm your host Krista a skinny today show sponsored by Baker Hughes who recently launched a new and reimagined Baker Hughes brand as an energy technology company. They are striving to make energy safer cleaner and more efficient for people and the planet. Hello everyone welcome to this week's episode of Permian Perspective such a pleasure to spend this time with you as always. I'm sitting here today in Midland Texas in my office at redeem with Alexandra Brazier an Alexandra is the business development person for Kengo. Thank you so much for being with us today. Thank you for having me. I really appreciate it. And if any of you just recognized her voice yes she is Alex for the events on deck. That comes on right after our podcast. So it's so glad to have because you're also a member of the family I am. I am and I've been hearing your voice for a really really long time. And you know had never been able to put a face to the name so this is actually our first time meeting listeners. Face to face with great to be here and yeah great to join the PODCAST. So it is. It's so much fun. I'm so glad you stopped in. She was here in West Texas and doing some business and said Hey. Can I come over said yes. Let's podcast so that's what we're doing. I'm so excited you here before we get started. Alex I want to thank everyone who has shared our podcast with friends. Family and colleagues we have listeners all over the world and of course right here in West Texas and the Permian Basin and I really appreciate each and every one of you I also WanNa thank those of you who have stopped by on chains and left a review of course a five star review. We like this so we appreciate Jim for leaving that five star review recently he said I love hearing the stories from the Permian. I also enjoy learning about the latest technology. And what is working in West Texas? Your podcast is inspiring me to work harder every day. Thank you so much Jim. I appreciate those kind words. And of course it's easy to do. Just go on there. Click five stars lever of you. And you're done so thank you head of time okay. Alexandra once again I want to welcome you to our podcast Alexander. Brazier has been with Kengo. Probably a long time. I'm assuming you'll learn when you hear her story but tell us a little bit about what can grow is and how it got started. Yeah so it can grow is actually my family's company I'm generation to can grow and it was started by my parents and they are farmers and they decided to grow a crop that was not kind of the prices weren't determined by market and they ended up growing a crop called Canal when they've been doing that since like the mid eighties and along with that kind of they were trying to discover new uses for it and you know figure out ways to kind of come up with new products and they realized that this plant has microbes in it and those microbes actually can eat oil. So that's kind of how they ventured into oil and gas and we've been selling biodegradable oil absorbent ever since are growing and processing and selling. Yep Okay so explain to me how this works. How does this work for oil and Gas Company here in West Texas? Well it's a great question so yeah anytime oil is spilled. You have to take certain precautions and one of those is where you would bring a granular oil absorbent. In and our product is one of those grayndler and it's called Kendra BIOS ORB and yet is basically an oil absorbent that any company could use to clean up oil spill. Its hydrophobic so it floats on water it degrades after it absorbs the oil. So it's a really really cool products and ECO friendly and cost efficient. Those things right there will make any business owner happy. Yes exactly it's cost efficient. Yeah and it's a very ECO friendly product. We grow it and it's something that can be used and it essentially biodegrade the oil. So you know honestly what more can yardage asked for? That's fantastic it. I want to know about the process of taking it to market. Because I'm sure being that your parents that started this you saw them go through the highs and lows of being a business owner and seeing what works. And what doesn't? How did they get it out to the marketplace and get it known here in West Texas or beyond? Yeah so we actually did a process. That's pretty common for family businesses and we went through manufacturers representatives. We actually are partnered with one locally energy sales and service all the Permian Basin with us. They do a really great job. Wonderful and yeah. We came to west Texas with them. They are responsible for any needs out here. Actually that's I'm visiting right now. So yeah fantastic. How we do so. If say a company does need your absorbent. They would contact energy sales or do they contact. Ken Grow first off. So actually supply source is worse. Yeah we go through supply stores so they would contact their supply store whoever they are trying to and enjoy using and the supply store could contact us or energy sales to set up an accountant. You know see how that they they could get the product wonderful and if someone is not in the Permian say they're somewhere else and maybe they're thinking. Wow we need this here. What is the best way for them to get in touch with you and get it in their supply source? So we have a tab on our website. It's called how to buy or at the top. It's the how to buy TAB and there's a map there where you can plug in your zip code. Also I believe my contact information is right there perfect. So if you don't see a local supplies door feel free to shoot me an email. I think my cell is on there somewhere so I tried to be really available especially for customers. You know I try to put any information out there. So yeah that's available on our website under the how to buy section wonderful also one of the things I've noticed not being on. Your website is the reduced Labor time and I think that's important because a lot of people are always looking to reduce labor time right because then you're red money. How does your product Reduce Labor time? Yes so a lot of times. They're some oil absorbent on the market. That require being cleaned up. Or you know you have to put something out and go back and monitor it. We've actually had some projects with the railroad commission where our product has been tilled into the earth and left there so because it has these microbes it's similar to other like lab created microbes so it can actually biodegrade the oil and that prevents it sometimes from having to be disposed of in the same way that other absorbs must be. Wow Yeah so. That's the Labor Time. Yes that any. Yeah preventing people from having to go back and clean things up. Yeah fantastic so I've got to ask you some personal things. I always like to know what what you're reading. I love hearing with the leaders in oil and gas are reading. So what's on your plate right now? You got books podcast. What are you listening to? And that's a really great question. It wasn't necessarily my idea but my sister being a family business she actually came in and Kinda helped us with twenty twenty planning and we read a book called. Traction is by someone called. I think Gino Wick men Yes writing in our show notes. So People Jack it up. Yeah that's called. Traction I think. Kind of the essence of this book is if you're looking to take control of your business more a lot of times as a small business owner. It's easy to let a business run you as we both probably can attest to. I understand. Yeah and speaking my language. Yeah so it's all about you know kind of taking back the reins and taking time for your leadership team to get on the same page. Have quarterly rocks different? Things like that. So highly with your sister's name. We want an yell. Daniel so both of you work for the company. She actually does not okay so she was just suggesting this helping with the planning correct. Yes she does business consulting and Chicago Danielle. She has a really very very good at her job. And Yeah I just said. Hey sister you know get. Let's get us on track. We need to do some planning. She's very structured in a way that I'm very creative. Yeah so she came in.

West Texas Alexandra Brazier Permian Perspective Permian Basin business owner Permian Alex Twenty twenty Kengo Baker Hughes Midland Texas Jim Krista Chicago New Mexico
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

11:32 min | 7 months ago

"permian" Discussed on Permian Perspective Podcast

"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.

Permian Baker Italy Florence Italy Baker Hughes Aso Florence business owner Nc FRAC Lawrence Midland Lee high school
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

06:13 min | 7 months ago

"permian" Discussed on Permian Perspective Podcast

"I am sitting here today in Midland Texas with my friend Jimmy Butler the VP of Permian for Baker Hughes. Thanks so much for being with US Jamie. I Chris Great to be here. I'm so excited to talk all the fun and exciting changes at Baker and everything that's going on and you just recently had an an exciting trip Italy but before we get into our interview. I WanNa thank everyone who has shared our podcast with friends and colleagues. We truly have listeners. All over the world even in low France so thank you so much for listening. I really appreciate each and every one of you. I also would like to ask everyone to help our show out by taking a few minutes and leaving a review on itunes. I cannot thank you enough for doing this. We just recently had this fantastic review. They said Christopher's interview style brings out the best in her guests. Listeners brought into a conversation in which guests are allowed to be open about issues important to them professionally and personally krista interviews highlight the dichotomy between the hard scrabble oil business and the generous civically engaged attitude of the people who live in the Permian Basin. Wow thank you so much for those kind words. They didn't leave their names. O You know who you are. Whoever you are thank you so much I really appreciate you. Jamie thanks again for joining us. And congratulations on being nominated one of heart energies twenty-five influential women in energy for twenty twenty. How exciting was that when you found out. Oh just unbelievable. Almost had to pinch myself just wonderful nomination in recognition and even the class of women the other twenty four women in this twenty twenty s class so amazing talented and then even if you look at its third year so this is three years in the making. This has been going on and I looked at last year's twenty five in the year before that and it's just exciting to be in such a class in caliber of these amazing women of really truly. What an honor in that group and well-deserved. I have to say as well. I know that we visited before. But we WANNA get kind of. Everyone caught up with. Maybe they haven't listened to any of our previous podcast but tells a little bit about how you got an oil and gas and how you got here to the Permian all right so it's nineteen years. Though unbelievable. Last time we talked was eighteen years right so I've been in the Permian for about a year and a half now. Anna been with Baker used for nineteen years and nineteen years ago honestly. I just needed a job. So if you hear some of my podcast and speeches for her engagements that's really my story. I just needed a job right and I actually had not graduated from college yet and I was looking and Baker. Us hired me. I mean that is what you know going back in that time. Yeah you looked in the newspaper. It'll be. How did you find out that Baker Hughes was was hiring? Yeah I ran into. Actually my brother was coaching baseball. He was coaching tournament. Baseball and I ran into a leader Baker us and he asked me what I did and I said I was going to college and I was running a book warehouse Solo by myself while going to school and he said well have you thought about doing something different for your work and Baker. Use can help you finish out your degree so out. Yeah absolutely so actually interviewed for the first job. I didn't get it. And then that manager pass my resume onto another manager and said I think she'd be better fit for a role you have. I interviewed for that position. And yeah the rest is history so it was actually an administrative role so I started out at. I guess the bottom grade levels what we call them at Baker US and finished my degree and then I went into finance and then I went into marketing and then I went technology and then I went into supply chain and I finished my masters in supply chain management at Penn state going back and fourteen oversee park over a course of two years and then I went into manufacturing then I went to do field operations and then commercials so it was used doesn't at all crazy nineteen years and so a year and a half ago. I was in what we call our global accounts organization handling three of our largest accounts for Baker US across all product lines and an opportunity came to move to Midland Texas and leader Permian businesses. And I said yes absolutely why not. I mean this is the epicenter of oil and Gas. Right and I love your story. Because I've learned so many things just from hearing you just recap it even that first of all. If I don't succeed try try again right. Didn't get that I. I love for young women to hear that. Because sometimes you get that no one you think okay then this decision for me but you persevered and you were persistent and you kept going and then all these yeses then eventually led you to this. Vp position which is just incredible. Yeah it's amazing definitely when the bus pulls up you know. Don't turn it down so definitely get on the bus but at the same time if the bus doors shut you know. Think about what's that next bus that could pull up in. How can I overcome those challenges? And what can I learn and make myself better so I just think it's limitless possibilities and you just have to look at everything happens for a reason and you know when you fail or you make a mistake? How can you learn from it? And how can you move forward and turn that into an opportunity? Love that new definitely done that and then some let's talk a little bit about this one hundred th anniversary of the Permian which is a huge milestone an incredible to think of can you share what Baker is focusing on in the permian. Now yeah absolutely so we know that the Permian one hundred anniversary is a huge milestone for us. It's really exciting. To look back at the well that put us on the map in Nineteen twenty-three which was Santa Rita It produced for over seven decades. Which to me is like wow. That's amazing that a welcome produced that long but like the Permian Baker US also has over one hundred years of experience so I feel like that's what we bring to the table our legacy and our drive for innovation to the energy industry. You know obviously we bring all of that in a safe manner right. We protect our people the people island location in the environment. But at the same time I feel like a we can bring that expertise and knowledge to the well. Construction side in the production support side to support our customers to draw. Incomplete wells more efficiently. They can flow that I drew car- much sooner and they can also produce it longer and then the.

Baker Permian Baker Hughes Baker US Permian Basin baseball VP Midland Texas Jimmy Butler France Jamie Italy krista Christopher Anna field operations
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

11:46 min | 8 months ago

"permian" Discussed on Permian Perspective Podcast

"Who have we really appreciate each and every one of our listeners who are not just here in the Permian Basin but all over the world and we appreciate you leaving those five star reviews? We have received some really nice ones and we cannot thank you enough for doing so. We also WANNA THINK APPLE FOR CHOOSING PERMIAN PERSPECTIVE to be on their new and noteworthy list. That was pretty cool when we found out. So I know this exciting. I think are literally screaming like what so thank you so much and we hope that you are enjoying permian perspective as much as we are sharing the stories just like the story. We're about to share so once again. Sarah Drif is with us. Thank you Sarah for being here today. First let's start off with. How did you get started in? This is oil in this crazy oil and gas industry. Well my story starts off a little different I at the time it was about thirty two thirty three when I first got into willing on gas and I just I really just I fell into it. My employer at the time was fidelity investments. I worked at one of their main campuses in Westlake and and after two years of it really was not my cup of tea found out that was not for you yes Sitting in front of a screen and dealing with people's investments was just not what I wanted to do. I needed to be able to get up and walk around and stuff in so I took two weeks off at the time. I was also going to school for the for Red Tech Program Program and so I took two weeks off and I you know I wanted to try to figure out what I wanted to do how I was going to. You know supple my income. If I did in fact you know leave fidelity. My friend's father had his own little dirt company. He built roads. He did pad sites and so am I two weeks. He asked me if I would help him out. Go pull a trailer behind a truck and help them clean up one of the sites that he was building and I assured him yes. Oh when whenever they are to the job site when warning and he was man that was known. I'm for having a temper and not really being able to keep employees because he would just run them off all the time and anyways he did he walked up to the truck knocked on the window and told me how he just he fired his back operator and so I just kinda looked at Civil Jim. I don't really know what you want me to do. And then he asked me Dino how to run one of those and I don't know why you think I would and he said well there's only one way to learn get your button there and let me show you and so it was a very quick couple of minutes of this makes the bucket. Go Up and down. This is how you roll it now haul ass and so I did. I had so much fun that day. Playing in the dirt digging in the dirt and so I quit and I went and I ran back Geico for love quarter year. You're hooked from that first button. Push this that instant gratification of seeing seeing what year you know what you're doing. I mean that was really it and just you know working outside and working with the very gruff man and I mean we have lasted a really enjoyed it so that kind of segue the an to yell. At the time I lived in decatur north of decatur rather or nutshell already come to a slow really not much going on there and so a lot of my friends ends or welders in the industry and they were all fixed in a take off and go to West Texas and job amount montanes so I would always kind of tool around in the shop with him and it was as well. It's going to be now or never if you actually want to jump in so I did I. I followed him out to Monaghan. I actually ended up being welder's helper for them. That was very interesting. First job another form in one or two run me off immediately because he just we were doing a pipeline. Reroute the middle of nowhere. There weren't Porta Johns. There's no bathrooms and this is Monte. Hence is he is and he's like I mean we were we were staying Monte hands. We ended up going West Paco's and and so yeah it was a you know. Will you do realize what are you going to do as well. Well I guess I'M GONNA drink enough water stay hydrated but not enough to where I have to use the bathroom. I mean I was just you know kind of smart thinking. Yeah and he said and he put us in the front of the line and that way he could burn Out Basically. He's no week though. We we basically ended up moving so far ahead of the pack that we ended up having a comeback unit additional pass. And that's not what he was expecting expecting so he thought you were going to be gone too but I had a lot of respect for I understood. He was out there and he needed to do a job and at the time. They're just you know there really weren't many women Out there you know doing hard labor or anything like that or is certainly in the elements too so I stayed I was a helper for about two and a half years and yeah. That's that's how I got into it and it just it just kind of went i. I was so fortunate I got to work with the same true for over a year. We all ended up back in North Texas Texas and built to the finishing phases on trial. Plan out there and so I have the same crew day in and day out fervor year. They took care of me they they had my back and and a lot of respect for those guys and it just kind of went from there labor hand to. I always wanted to learn. I started doing the job packages. Basically I would be in charge charge of the X ray careers as it came in. Take shots at the end of the day after we were done just literally. Just got your hands dirty and learned it was ground up. Yes what was it that really hooked you in that made you go. This is what I WANNA do for my career during those times when you were out there you know just on the pipeline and you were just try learning everything. What was it that you loved about it? I love the camaraderie with my guys. I mean I really did I. I love the guys that I work with. They were fun. I mean we worked hard hard and you know I. I'm sure you know and I could probably ask any of them now today. Just what were your thoughts when he saw me show up. I'm sure it was just like you. GotTa be kidding me really those. Oh you can't see she's beautiful beautiful woman you would if you walked in here. I wouldn't think that you were working out on the pipeline right. I mean that's probably what you got definitely really what I got but I. I made sure that you know I knew I needed to prove myself. and to be honest I mean I'm I'm I am not a feminist in any way shape or form I I like my work to speak for itself and I think that if you really want something. You're going to work hard for it and I don't need a movement or anything like that to do it. I just need my own my own grit basically and and that was is it I I just I enjoyed them and I knew that I had to prove myself to him. And so when everybody else would send the trucks and take their breaks I would. I'd be out there working on the grinding down. And getting you know setting up the pipe the stands and and get everything set up for our for the next part of the job and I know that he appreciated that and once they knew that I was there to stay and I was going to be. You know I was Gonna working just as hard as they were and I was. You know definitely going to help out where I could you know it just it was was great. It really was hard. Work speaks louder than any. Oh Yeah it was funny. uh-huh so let's Segue then. Yeah I know you spent some time here in Montana and then you said that you also were here in Midland for three years. Let's fast forward a little bit it and get to what your time here in West Texas. What did you love about West Texas well? I can't say that three years living here. What I really did enjoy was getting to? I know the the actual foundation of of Midland Odessa. It's a very transient town. Obviously because of all the opportunity here with an oil and gas and so it doesn't really give a true representation of the people and the values and so fortunately for me. I was able to befriend a lovely really lady by the name of the Info or new last name now. Married last name is titled Seidel Yes so by defining her I really got to know the the people and it is kind of appreciate. She's born and raised in this area. I asked her. You know I said to find a church and shave. She was the one that pointed me towards her and another friend actually pointed to the church the family went to and it was just really. You know the people right and there's my alarm I just said hey our our our phones off in mind goes off right. That's my note to pick up my little one but I got to cover so we keep on going but I just want to say Memphis. Married name is causa just got married so I wanted to make sure we got that. Is that because NIP is. She is so awesome. She is just one of those incredible go-getters here in West Texas and so thankful that she actually really brought us to yes. And that's I think the true heart of West Texas is the people and then it just the connecting the networking. The I wanNA to help you sincerity of it all. Yes a beautiful thing and you also met your husband here yes yet. How did Y'all meet well my company? He is a is a client of his company. He works for Midstream Company. Here or at the time he worked he worked here in Milan and he had just kind of moved into a new group. The group was a group that I had already been working with for several years. I was kind of tasked with your breaking into that group and making sure that you know Tucker had opportunities there and and so I I didn't know him and so he got you know he was. The new guy came in and so the guys that I was working with the introduced me to him and enemy honest I won't get into. We did not get along. Oh so wasn't love at first sight. Okay no I love the kind of makes the story even better taste so there was a little little bit all day. We had special four and the reason being an an honestly when I figured out why he was just being so Marut and argumentative. It was valid reason so he had never been in a position or a role where he was having to deal with sales people all the time and now he was in a position to where he actually managed work and had the you know how the responsibility of selecting contractors and in choosing he was going to execute and and so he was very much overwhelmed with the amount of sales people. Coming all the time. Because I'm trying I'm trying to think back. This is pretty busy time here yet. This boom we're talking talking about here and so when I came in you know it was I was already very familiar with guys in his in his group and you know neither wives and you know we were good friends and we were doing work for them but I guess for him. He wasn't and I get it being a female in the industry again. There's a lot of women. Sales people and his immediate assumption was that I didn't know what I was talking about. I was capable of basically reading off a brochure and giving a very superficial rundown of what I had to offer. That was before he knew you correct so after US butting heads quite a bit at the guy's really you know they're in his group. They kind of pulled him aside and they're like what is your problem. And he told me his like why can refer to you know. And she didn't know what she's talking about and they're like no actually she does. She's putting some work again end so he reached out and he said I apologize. This is why US Walton. I admire that you know I. I appreciate that you know the individuals that you want want to actually do business with you. Expect them to actually be able to talk the talk and warmer walk and so after that if he invited me bid on a job the rest is history. Yeah we we became. We were good friends for several months before we started dating went on her first name. So we'll congratulations. Thank thank you and your with Tucker. So let's talk a little bit about what Tucker does and how we're how you got into this position that you are in now with Tucker you're the business development element yes yes so Tucker J swift. We've grown exponentially in the last two years so starting off we are roots are from mm-hmm Oklahoma and Lindsey Oklahoma. And when I came on board we had four offices we had just done an acquisition here in West Texas that put us in our midland office now. We acquired an existing contractor by the name of the BJP services and so yeah. Mechanical Construction Station Pipeline Gathering Systems meaner inter stations and then we also have a very thoughtful design clan was put into place of..

West Texas Tucker J Sarah Drif fidelity investments Permian Basin PERMIAN permian Westlake North Texas Texas US Oklahoma decatur Geico Porta Johns Dino Monte Civil Jim Memphis
WPX Energy expands in Delaware basin with $2.5 billion Felix deal

Houston's Morning News

00:14 sec | 10 months ago

WPX Energy expands in Delaware basin with $2.5 billion Felix deal

"And W. P. X. energy agreed to buy rival oil producer Felix energy for about two and a half billion dollars to expand in the Permian basin Felix has about fifteen hundred undeveloped locations in the eastern portion of the permanence Delaware

Delaware Felix Permian Basin Felix Billion Dollars
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

03:19 min | 10 months ago

"permian" Discussed on Permian Perspective Podcast

"Wagner no well dot com mm for those tickets I know many of you are listening to us from all around the world but also here in the basin and a lot of you are looking for some local oil and gas events going on. And here's one that I found that I thought was really interesting and that you may WanNa take place in or take a part of a Tuesday December. Ten Th at eleven thirty Desa College there is going to be a event called boom a conversation about how the oil and gas sector impacts Texas by the Texas Tribune. It looks like here so just wanted to let you know that the conversation will be moderated did by Ross Ramsey of the Texas Tribune. But they're also have panelist Tracy Bentley the president and CEO of the Permian strategic partnership will be their state. State Representative Brooks Landgraf from Odessa. And Ben Shepard the president of the Permian Basin Petroleum Association will be there they will be talking all things oil and gas and so it's going to be a fantastic conversation of course state that produces more crude and more natural gas than any other This is such a wonderful conversation to have right here in West Texas and so we hope you can join us once again. That is at Odessa. College at the Salisbury Burry Campus Center on Tuesday December tenth. So ooh La going on here in West Texas. I am so thankful that all of you who Taken this time to learn a little bit more about some of the fantastic events. We will be back with an amazing guest next week next Monday so we hope you'll join us for that. In in the meantime I just wanted to tell you all how appreciative I am of you sharing our podcast. Whether you're sharing it with friends or colleagues family members Just just getting it out there. Because has we're we're learning together. We're growing together having great conversations about the Permian and what's happening here from the people that are on the floor running every day in this oil and gas business and in this this wonderful This wonderful economy that we have here we just want to encourage people to Just keep Bon. Keep an on dream big believe in yourself and never give up. Those are my three mottos and we will all get through the ups and downs of the oil and gas business together. That's what is so beautiful about West Texas. Being a a West Texan now for twenty one years I can say it is truly one of the best places to live in the the world and I'm so grateful that I met my husband here and raised my four Kiddos here because it really is a wonderful place where you can live the American dream so we thank you again for this time and of course our show sponsor Baker Hughes we WanNa thank them with the oil and gas global network of course They are just so instrumental in getting our podcast out and we just cannot think both Baker Hughes and Obgyn enough. That's it for now. This concludes our special edition. Russian of Permian perspective the story behind the oil and gas leaders in the Permian Basin. We hope that you have a fantastic week and month as you close out. Twenty nineteen and many blessings and prosperity to you in twenty twenty. Thanks again for joining us. You may get a great day..

West Texas Texas Tribune Permian Basin Petroleum Associ Odessa Permian Basin Desa College Permian Texas Baker Hughes Wagner Ben Shepard Tracy Bentley Ross Ramsey Brooks Landgraf Salisbury Burry Campus Center
As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?

NPR's Business Story of the Day

03:55 min | 10 months ago

As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?

"All right the S. and P. Five hundred hit another record high. This week it's up almost twenty five percent for the year but but the SMP's index of oil and gas stocks. This is down more than twenty percent. It's a sign of trouble for this country's oil industry Darius Roffe on has the story some of the most successful companies in the oil business business are household names thing Exxon Mobil or Chevron but the boom in shale drilling that has helped turn the US into the world's largest oil producer that that has been driven by smaller independent operators companies that have pushed the limits of drilling technology and taking big risks on unproven oilfields today day shale accounts for about two-thirds of US oil production and nearly all of the industry's growth but many of the companies that made that growth possible are now struggling to stay stay afloat. David Dacko bomb analyst at Investment Bank. Callan says that has a lot to do with the business model of US shale. This isn't industry. The you know for every dollar that they brought in they would spend two for years. Operators focused on drilling lots of new wells very fast prioritizing explosive growth over profitability. And until now now they've been able to rely on deep pocket. Investors who are willing to pour fresh capital into the industry despite years of lackluster returns. It's a story that may be familiar to anyone. He's been following the tech industry in recent years. Dekel bomb compares it to a kind of prospector mentality. There's a lot of romance I think. Because there's always this idea of this this brand's new play. That's going to have billions of barrels of upside. And if you know you can just get in early than it will pay off in the long run. Of course oil has always been a boom and bust I industry in two thousand fourteen for instance a catastrophic price crash left the industry reeling but even then billions in new investment flowed into US shale today today shrinking global demand for oil is driving the price down once again. What's different this time around? Investors no longer seem willing to write the industry a blank check. I think now. Oh you've seen a lot of pressure of we want you to be a real business. Your cost structure is too high. You have too much that I'm not funding. You're drilling anymore with external capital. You have to live within your means without access to fresh cash. Many producers are pulling back on new exploration. The number of rigs drilling for new oil is at its lowest point in two years. That's bad news is for people like Ron Fountain who works on a drilling rig. In the Balkan Shale of North Dakota. He thinks back to a few years ago when the price of oil was over. One hundred dollars a barrel and companies. These were drilling with abandon. That's when we were still booming. There was rigs coming out every month. We couldn't keep up. There were so many so much work going on today. Though with more and more rigs sitting idle life has become uncertain for fountain and his fellow. Drillers we went from having you know three year contracts to well to well contracts which means you drill one hole and if you did a good job then they'll give you another one or may drop you and we gotta figure it out from there and he's not the only one feeling. The Pinch Halliburton one of the biggest players in. US shale drilling has laid off nearly three thousand workers in the Permian Basin. The country's trees most prolific oilfield employment has almost completely stalled out. That's after going more than eleven percent last year. Meanwhile many of the smaller producers who loaded up on debt are struggling to pay it back leading to a wave of bankruptcies more than three dozen so far this year all of this adding up to slower oil output data from the department energy shows that production was flat in the first half of twenty nineteen after growing more than twenty percent last year in theory as production slows and supply shrinks. The price royal should go back up which could provide a much-needed boost. The question. Says Ron Fountain is how many companies will be able to survive. Until then I think as an industry we're we're GONNA be okay but I think there's a lot of people That are kind of holding their breath.

United States Ron Fountain Darius Roffe David Dacko Exxon Mobil Analyst North Dakota Callan Halliburton Chevron Permian Basin Twenty Percent One Hundred Dollars Twenty Five Percent Eleven Percent
Exxon, Chevron earnings fall on lower oil and gas prices

KRLD News, Weather and Traffic

01:17 min | 11 months ago

Exxon, Chevron earnings fall on lower oil and gas prices

"Well good morning happy Friday stock index futures there pointing to a higher open today jobs day in the economy added one hundred twenty eight thousand positions in October topping forecast that number offering hope that labor market can propel consumers to keep on spending well yesterday markets were rattled after Chinese officials cast doubts about reaching a comprehensive long term trade deal with the US the Dow fell one hundred forty points turning to earnings that was a B. for Exxon in the third quarter production from Exxon oil and gas wells slightly above expectations fuel by seventy percent surgeon output from the Permian basin however chevron missed in most recent quarter making it the only well major to fall short of predictions a tax charge partly to blame coupled with lower refining earnings and we do have breaking news Google agreed to buy smartwatch maker fifth it for two point one billion dollars in cash a move that could shore up the internet giant's hardware business affected could give Google a leg up in smart watch and also in the health tracker space so whoever invented Fitbit is very happy this morning all yeah they definitely ours though we're going to be able to watch their eyes all the trading coming up throughout the day bye yeah of people were expecting it but yeah now it's a done deal I'm corny done open for business on newsradio ten eighty

United States Exxon Chevron Google Permian One Billion Dollars Seventy Percent
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

05:00 min | 1 year ago

"permian" Discussed on Permian Perspective Podcast

"The Permian Basin is an abundant oil and gas producing area already one of the world's leading oil producing regions area in West Texas and southeastern New Mexico could nearly double crude oil production by the year twenty twenty three but who are the leaders behind this economic powerhouse Show is sponsored by Baker Hughes who recently launched a new and reimagined Baker Hughes brand has an energy technology company they strive to make energy safer cleaner and more efficient for people in the planet Baker Hughes Hello Everyone I'm Krista as skinny thank you so much for joining us for Mian Perspective and I'm so grateful that you're here today because we have a special edition of Permian perspective for you before getting started I do want to thank everyone who has aired our podcast with friends and colleagues I really appreciate you doing that we have listeners now in the US Canada UK Australia Bolivia India Spain Mexico in the list goes on we even have three listeners in France so hello France we really appreciate all of you for listening and I also want to ask you to help our show out by taking a few minutes to leave a review on I tunes I cannot thank you enough for doing this we are appreciative of the reviews we've received so far and for Apple Choosing Permian perspective to be on their new and noteworthy list. Okay let's get started if you live here in the Permian you've probably heard by now that we have an election coming up with some big items on the ballot so I thought I would take some time Time today which is Monday October twenty first first day of early voting and go over some of the hot topics and share some voting information with all of you first and foremost I I want to say I will not be sharing my opinion in any of today's broadcast I just want all of you to be informed and know how important I do think it is to exercise your right to vote okay that's the only opinion I'll be sharing for those of you living in other parts of the world this election means a lot to our community because many of the topics that we cover here weekly on Permian perspective with our guests are the same issues that our community is concerned with when choosing elected officials infrastructure education health care roads and housing with that set. Let's get started. We have three candidates who are running in for mayor local businessman and incumbent Mayor Jerry Morales you can go to his website Morales for dot com local businesswoman Jenny cud her website is Jennifer Mayor Dot Com and local businessman and consultant Patrick Peyton Peyton for mayor dot com is website now all three are very impressive candidates who I happen to know personally so I encourage you to go to their websites read their BIOS and their plan form on the key issues facing our community and of course they do have a facebook page as well so you can go on facebook to okay we have city council district three we have five candidates I we have E. J. Baldrige and his website is EJ Baldrige dot com then we have Catherine Chandler and she has a facebook page you can go there chandler for midland a Jack Elad and also another facebook page lad for Midland Bradley James he's and Robin Pool and Robbins website is pull for city council dot com that is for our city council district four and just in case you're not able to write these down right now don't worry you have all of these listed for you on our show notes section so please feel free to go to the show notes and I have all the website links I have all that information there for you okay now moving onto city council district four Kimberly Crisp in her website is crisp for counseled dot com we have Lori blong Laurie blong dot com and Dan Corrales Corrales for City Council Dot com again I encourage you to either go to their websites or their facebook pages the midland independent school district is proposing the following bond and I took this right off of the sample ballot that of course you can find yourself online I will put a link to those as well so this is the sample ballots it says proposition a the issuance of a five hundred sixty nine million dollar bond school building bonds for the construction acquisition and equipment of school buildings in the district including the rehabilitation renovation expansion and improved thereof and levying of the tax.

Jennifer Mayor Dot Com facebook Permian Basin midland independent school dis City Council Dot Baker Hughes Permian Mian Perspective Jerry Morales Catherine Chandler Canada UK Australia Bolivia In Dan Corrales Corrales France US Apple Patrick Peyton Peyton New Mexico
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

24:50 min | 1 year ago

"permian" Discussed on Permian Perspective Podcast

"And what is their story this is Permian perspective I'm your host Krista as skinny today's Gourmet Tommy Yellow Tabah Kinda guy so when you walk with a computer it's over my head but the guys that we have in the in the girls that we have helping us out and Wonderful Way to do it I've never thought about voting and going. Hey what do you what does everyone else thing guy one what about a book do you have a favorite book that you would suggest that is we stick with his Joshua Fantastic and I love that I wanna I wanNA interview her now and say hey how she's nine years Newstalk here and how lucky you are to have her with you still fantastic great I'd love to meter someday let's talk a little bit about an important lesson you've learned in looked at it that way right and what is that there's that quota a setback is just you know really getting you ready for your comeback that's right I think that's true well I'm glad that into this year like Okay Christopher Maher view me for this podcast I hope I get this across to the listeners but maybe we haven't asked you that is that is there one thing that you'd like to share with us well. I love it if they'd call me I love an honest answer that's great the more work the Merrier we'd certainly like to double the number of cruise right I think if mm by getting that drone work done and I love what you said about pipelines to that's that's huge industry right now big industry I think that's a great help you out Peter Wolper and he's with Thurman cam. USA thank you so much for sharing this time with us I appreciate it I know it goes by fast doesn't it does gone fast but we really appreciate. sharing your story we wish you much success in the future and if anyone's looking for any drone work give him a call and he's a ready for you tomorrow he can be there right okay feeder. Thank you so much I appreciate you it's time now to announce our community MVP and this week's MVP is the Midland Chamber of Commerce they recently held they're twenty nineteen annual meeting the community enjoyed an evening of dinner drinks and dancing local businesses and community leaders had a chance to reflect on the there's accomplishments honor all of the amazing volunteers and share goals for the future this sold out event was the very first event to be held in the new forty three million dollar Barbara and George H W Bush Convention Center which is absolutely incredible when you come to town you need to go see it it is beautiful so adulation to this week's community MVP Midland Chamber of Commerce and if your local business go join the chamber they are fantastic organization right another special thank you to Baker Hughes for Sponsoring Permian perspective and thank you so much for sharing this time with you as always I appreciate you choosing premium perspective whether driving to work or you're listening on your morning walk wherever you're at thank you for being here and I'd love to hear from you if there's a guest you would love to hear from just send me an email or contact us and we will definitely get that guest on the show for you once again this concludes this episode of Permian Perspective the story behind the oil and gasoline offers in the Permian Basin remember my motto Dream Big and believe in yourself you make it a great day hey guys we have a couple of OBGYN events Ondeck for the next month jeans next Houston Happy Hour will be on October twenty night at the Canon for four to six as always portion of the proceeds will go toward redeemer industries to fight human sex trafficking at this happy hour we'll be discussing the process of taking a startup from simply an idea to obtaining the first purchase orders the panel discussion will include Saudi Aramco Ventures Shell Ventures and lovie SEF enters eternal energy and well diver our next Denver happy hour will be on November six join us for food drinks and alive podcast that we will announce at a later date a portion of this events proceeds will go to local charities Day Pals Denver and oilfield helping hands okay now to the events on deck the tomorrow less oil and Gas Summit two thousand nineteen will be on October third.

Permian Perspective Joshua Fantastic MVP Peter Wolper Midland Chamber of Commerce Permian Basin Saudi Aramco Ventures Shell Ve Christopher Maher Krista USA Denver Newstalk Houston George H W Bush Convention Cen lovie SEF Baker Hughes Barbara Canon
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

15:16 min | 1 year ago

"permian" Discussed on Permian Perspective Podcast

"Just challenged challenged status cool. Speaking of challenges have been some of the biggest challenges that you have seen in your career so far that have gotten to where you are today. Honestly I think it'd been very fortunate of worked with a low of amazing people amazing managers and then you also get the you know not so good people work with but I think it's all learning and now as a you know relatively young manager Enuma position I often think backs to those time swin somebody's dealt with the situation really well and if admired them and and another time when a flow I would not handle a situation like that and I try and think about that law and it helps me keeps me you know on the right path normally and there's times I've done things I think maybe shouldn't have done that or I could do that. Baronets time so the biggest challenges is just you know taken in your stride and I think I've learned to take advice and criticism definitely used to bother mail when I first starts and industry and it does all of us inning so healthy and is your rent. Sometimes people will be wrong and there and it's it's not right but take on board. Thank you and there's often conversations or you know heated. Conversations may be or just long conversations I've had when I was training offshore with supervisors or in the workshop workshop and I learned so much from those people specifically no I think back and think that was some of the best advice ever got so not challenges as such but I look back now and think more fondly of them than German factual moment itself right hi good good learning learning times in your life so tell me what do you do with your team because you've been there and you're dealing now with these young people that are just fresh eager and ready to go tackle the world. How do you motivate them? What is your advice is to them? When when you're first getting your feet in the door absolutely honestly I'm very thankful that the new graduates are sold eager in keen to do things definitely helps when you're you know just starting in your career as a low of hard work and it should be honestly you need to learn from climbed up and and that the workshop time does free and building till's and I think quite often the perception is that you know engineers or people don't want to get their hands dirty and I would say that's not true for the majority of my is they're? They're the great <hes> and they want to learn and they want to be hands on so encouragement is normally get stuck in and learn as much as you can ask as many questions. It doesn't matter have stupid. You may think they are asked them. Because if you don't you won't learn and if you don't make mistakes then you learn from them so just go there and get stuck in really an that typically helps but there's times you know it's hard and this industries hard industry and fast paced and it's very hot here and people wanted the field so trying to give them balance and gave them through tough situations but we work with amazing people and I have to thank over people heard an operations and who are in the workshops assembly maintenance and overhaul that gate them because I don't. Get to spend every minute of my deal with each of them to do those things and they're certainly people in the company that have a lot more experience than those eighty so I do rely heavily on the team around me to help motivate them and get them involved in things fantastic you mentioned it's taught here. Yes West Texas is hot if you're living on the other side of the world listening to us. What do you think makes the Permian so great? Honestly I was talking to colleague wrote this earlier and I do really think that the people here have been wonderful and have made my time you know get getting acclimated here a lot easier and I mean outside of work of some fantastic you know friends for life sort people but in terms of career and personal growth there is there's so much for your career here and I think young professionals who are in oil and gas and who are potentially getting opportunity to come to the Permian should a hundred percent teak that opportunity. This is where it's happening in that we hear law people's perception. Oh we're not gonna like the aired or I don't WanNa move. There and I think that's really sad because they're messing. Honestly I would not have had opportunities I have had had been for me stain in Aberdeen. You know if I if I hadn't come here I wouldn't have had those opportunities and and I'm forever thankful. When I think back to win the offered me that possession to come to the Permian at a time? The director and Aberdeen didn't want me to move but he'd said to me all you know there's somebody in the primary in and they're they're looking. Can you and they really want to offer you a job to out there and I said one hundred percent I'm going to do it. Everybody was like why why are you WanNa do it and I was like well. Aberdeen is not picking up it still slow. I'm not going to learn anything state. I mean I'm going to continue to grow not other piece one ton. I'm ready for change and and then I remember speaking to the gentleman over here the today at the time about coming to the Permian and he was you know he was sailing. He was like it sunny. You know all of style work and implied by and I was like I have visited here before he was like Oh police. They'll take the job because I think people come in the days are the you know automatically think. It's not going to be a good place in one hundred percent is but Amazon you absolutely but the career ear opportunities and development are here <hes> and I would strongly advise people who are getting opportunity or who feel like they need something else and want to expedience. This is the place to be couldn't agree more. I can agree more. Let's talk about where we're everyone. Sees the Permian going and I know that we all wish we could just kind of go. Oh yeah this is GonNa you know oil's going to skyrocket to this and that and throw these numbers out. Where do you see it? And how does that play a role in your business. Honestly I feel that I I mean the oil and gas industries basically call and say comes up and it's GonNa come down and things but we're we're currently at. I think you know B._H._D.'s accompany. Our businesses based on more customers are doing as well so we do pivot a law and I and my department touches you know the drill in rake the wireline units the coil units work over unit so very fortunate in that sense that completions in well intervention plays a part and all of that and there's Times that you know we're busier on the call unit site fight for WORKOVER ANGELINA FRAC plugs and in clean versus you know drilling a hell gelling ahead on drilling rig and complete in the well with lighter hangers and things so I've seen shifts over the last two years but we are still growing which is great so I see her I._C._S.. Continuing to to be busy and working over the next couple of years whether that means our operators you know drop a little bit and Rick Cone bought maybe do more in the work oversight and trying to enhance production on some of the walls they've lost production over the years again. It depends we'll each student and there's some that were killing ahead especially last year and had a lot more wells completions setting as doc so they're basically waiting to complete them but that is pipeline constraints and I will not pretend an expert and they and I've certainly have a lot of educating myself to do on that but I am not concerned. That Permian is going to go away anytime soon. Honestly I'm with you. It's not going. We're here to stay. Let's talk a little bit about some business tools that have helped you and your life. Do you have any in particular that you would say really have helped you get to where you are today. So in terms of business tools honestly at Baker Hughes is being my biggest business till I start with them and I'm still with them to the stay on networking has been one of the you know the baked things for me within the company <hes> I've met people from all over the what else that helped me transition when out the opportunity to move internationally as well as communicate internally with different product lines different departments to learn things and improve things within my department so if that kind of answer your question I would say network in a huge thing avenue. That's a great tool and it's it's not just by the happy errors and the socializing. It's you know having that conversation with somebody in work. That does something that you don't know anything about because there's so many times I've had a brief conversation with somebody and and then months later I thought I wonder if that person will know why need or who need to speak to and they have right and that is helped me the best you the most actually been resourceful and reach out and am not free to ask people you may be don't know and and get to know them and and whatnot so maybe not much business tool but one of my business tools if that if that can answer questions I love that one and that one's free networking you just go talk to people and get to know them and build those relationships. I think that is a key in any business. I may cost you a coffee once that's about it. What about podcasts or books? Do you have any favorites that you listen to so and people who know me and may lesson to this after we'll laugh if talking about my big club because I am a repeat offender under for reading the Book Club and there forever forgiven me and letting me attend which I'm always thankful for but something we've started recently with Jimmy Butler and and the team is kind of pass more professional books and I would say ah there's no one that's really sticking out to me just yet but I'm Kinda just getting my feet wet there and reading and my advice would be do read a lot and encourage you to read about the business and where it's going and podcast like this for you know your local local eighty a- and there's a lot of names on there and people that you can learn something from so one hundred percent try and you know brancheau and and find things and there's always the you know the top ten bestsellers and things but most of the books I've heard about as of late is being with work so we've ministered this internal bit club and Jamie's the best of that she has so many wonderful books he reads and I love here and what she's reading. You know what your team is reading. She passed some good good ones and I ended up picking. Stop apologizing which makes me laugh so I I'm halfway through and so far so good. That's a good one. That's fantastic. What about your path? Where do you see yourself ten years from now? What is your goal in and the oil and gas business? I I'm on a great pass just now am I feel that you are you're doing great personally and professionally being very fortunate of how to work hard and there's definitely a lot more work to be done and six years in I think when I can retire and it's along so you're very young hope it continues in the direction as being and I've been very fortunate to hold several different positions with the company and there's a lot to be said about you know sticking with some something. Something for a period of time to really grasp it and mastered it because quite often and a large company when your progress and you know your potential you'll you'll maybe move position sometimes a little bit quicker than you would have liked and you can the just just master and you're trying to hone your skills and perfect them so like I just got that down now. Come on now I will say I'm definitely I've been open to a lot of change and and opportunities like the primary when they come up on. I and I certainly am open to travel with the company globally and you know progress up in the by clear so I hope these keep coming on l.. Certainly be lots of yeses for me but it has to make center has to make make sense professionally and personally and this position to calm was an opportunity to manage a team get closer to operations again which was where my heart was honestly and a really missed it. When I was in my social oval that was amazing? expedients audience commercial <unk> expedients unagreed introduction to the Party and and I see myself you know going back into that kind of role later my career but yeah definitely like what I'm doing currently and excited to see how mateen grew over the next year and how they progress progress because they're the pipeline in the future so fantastic. Do you have favorite quote that you live by. Oh my goodness. You knew I was Gonna ask that right. I'm laughing again my colleague I keep referring to she'll laugh when she she listens to this cushy does listen to all your all of the podcast and love hearing that and thank you for listening and we normally have a cool off our team meetings which is so funny like we Google every call and we call them off so I'm trying to think of my favorite one talent is nothing without hard..

Times Permian Aberdeen Google West Texas director Baker Hughes Amazon Rick Cone B._H._D. Jimmy Butler Book Club Jamie one hundred percent hundred percent six years ten years two years
Body of African-American history museum founder discovered

Tommy Tucker, WWL First News

00:32 sec | 1 year ago

Body of African-American history museum founder discovered

"Baton Rouge police have a mystery on their hands I love and founder of an African American history museum has been found dead in the trunk of her car the body of seventy five year old Sadie Roberts Joseph was found Friday afternoon Roberts Joseph was the founder and curator of the baton Rouge African American museum which she started in two thousand one she was revered in baton Rouge for her charity and activism she was last seen visiting the home of her sister to bake some corn bread she never returned to pick it up Tom Permian WWL

Founder American History Museum Sadie Roberts Joseph Roberts Joseph Baton Rouge African American M Baton Rouge Seventy Five Year
Why Oil Stocks Are Tumbling Today

MAD MONEY W/ JIM CRAMER

01:32 min | 1 year ago

Why Oil Stocks Are Tumbling Today

"So what gives you a better reader things other to fill you in right here right now? So you know exactly what's going on in bizarre world? I it's well for years, stocks would rally whenever oil went higher higher, because it was viewed as a proxy for the healthy economy. What's still true? But now, the bulls want a weaker because pal so low places like we had today are good news for stocks when the price of crude gets club ruling it justifies some rate, cut the bulls don't care where the world's going down because the excess supply, even though I believe that's the case. You know what I keep thinking about that interview? We have a scholarship field. The dean of oil CEOs, he's a pioneer net who told us that the Permian basins producing an amazing amount of well right now roughly a decade ago when US position six. Barrels a day Sheffield came on this show and told us, we double that number by the turn of the decade. No one believed him. Well, sure enough, the US now BRUCE'S twelve million barrels a day in Southfield pre except soon we'll go to seventeen million no one's pretty but the oil markets reflecting. And if it happened, it will wreck do market right here right now, even as for thinking that we're so far away from it doesn't work like that. It for sees this and oil Bodley's already entered a bear market. It's now down more than twenty percent from the April highs. So that's good. In other words told her on the fossil fuels pleased that millennials don't like this. In other words, it probably is not done going down because there's less demand from historic Connie. It's be hit by supply glut, too, but the bulls don't care for them. It's all about plumbing oil prices as an exhibit of why the fed must cut rates because it says the economy is we

Bulls United States Sheffield Permian Southfield Bodley Bruce Twelve Million Barrels Twenty Percent
The 'Great Dying' Nearly Erased Life On Earth. Scientists See Similarities To Today

Environment: NPR

04:16 min | 1 year ago

The 'Great Dying' Nearly Erased Life On Earth. Scientists See Similarities To Today

"There was a time when life on earth was almost wiped out. The great dying was the biggest extinction ever, it happened two hundred and fifty million years ago and was largely caused by greenhouse gases in the atmosphere. As NPR's Christopher Joyce reports scientists are beginning to see alarming similarities between the great dying and what's happening to our atmosphere. Now you can learn about the great dying at the new deep time exhibit at the Smithsonian's national museum of natural history. I get a back door visit by a giant freight elevator. That's used to haul life size dinosaurs up to the new hall. Workers are assembling dioramas and video monitors. It's a few weeks before opening curator, Scott wing shows me, the exhibits, crown jewel, the museums. First real tyrannosaurus Rex what an enormous head. It's a pretty big body to the Toronto. Sora stands over a prone triceratops. It's jaws clamped on its head. But I guess while the, the truth is, it's really isn't a dinosaur hall. Yes. There are plenty of dinosaurs in it. We like to say come for the dinosaurs. Stay for everything else, the theme is factually, the interconnectedness of life through geologic time exhibits show, for example, how plants at the bottom of the food chain supported everything from insects to twenty ton of Pata services wing likes that he's a botanist. I'm a photo synthesis chauvinist. The whole ecosystem is based on photosynthesis, and because life from toadstools to tyrannosaurs is connected. When something big happens to the earth, the whole fabric can disintegrate and that happened due to global warming. It's explained in the exhibit, great dying section. This is it. This is the big one. The exhibit explains that an enormous volcanic field erupted in what is now Siberia, it spewed carbon dioxide in pollution into the atmosphere possibly for millions of years that warmer to the planet made the oceans, acidic and robbed them of oxygen. There have been other mass extinctions like the one that wiped out the dinosaurs. But this one at the end of the Permian period was about what happens when too much carbon dioxide rises into the atmosphere. Those are lessons that we can learn from studying the past, and they're also those processes that are being observed by scientists today. Earth. Scientists is like Curtis Deutsche of the university of Washington, whose research helped inform, the Smithsonian curator's the very same things that caused the great dying are happening right now in our ocean today as a result of human activities, not to the same degree but in the same direction, so Deutsche thought, why not recreate the hothouse of the great dying in a computer and see how present day life would fare, he could crank up the heat and lower the oxygen and watch as parts of the ocean started to become deadly. The first thing that happens is that you start to see a local loss of species as they begin to move in response to the climate heating up. But some parts of the planet were more forgiving. And we discovered something that was kind of surprising and new, I think, and that is that extinction was very strong everywhere, but it was even stronger near the cold parts of earth in the near the polar oceans. Than it was in the warmer, tropical oceans. It makes sense. He says animals that live near the equator can migrate toward the pulse to find cooler water. But those that are already live in cold oxygen rich waters near the polls have very little room to run. Deutsche says the experiment is a window on the future, even the present marine species are ready migrating, we see responses of marine species to those changes today that look like what we think happened at the end of the Permian, and that says the Smithsonian Scott wing is what visitors should take away from the new exhibit, or so powerful. We are basically a geological for us now, as well as a human force a force that changing the conditions for life on the

Curtis Deutsche Scott Wing National Museum Of Natural Christopher Joyce NPR Dinosaur Hall Toronto Tyrannosaurs Siberia University Of Washington Fifty Million Years Twenty Ton
In the Permian Basin, A Fight for Anadarko

WSJ What's News

03:37 min | 1 year ago

In the Permian Basin, A Fight for Anadarko

"The battle between Chevron and Oxydental for Anadarko petroleum is a fight for more control over the lucrative Permian basin in west, Texas and New Mexico. Joining me now, the escape from Houston with more on what's at stake. Is Wall Street Journal reporter Rebecca Elliott, Rebecca, let's get up to speed on. These rival bids between Chevron and Occidental lots been happening in the past few weeks. Anadarko is now considering offers from both of them. Yeah. Exactly. So and Darko is currently considering bids from both accidents and Chevron Chevron made the initial deal with Anadarko earlier Nate brawl, but Occidental responded with a higher bid and has even changed the terms of that did as recently as yesterday. And so it's still in the hands of the the dark board at the moment. And let's talk about the Permian basin. This is an area where growth has really exploded. Added and a statistic you have in your piece production. They are now makes up about a third of the United States. Crude output, that's an enormous amount. What has fueled growth there? The Permian is so attractive for shale drillers because it is the least expensive place to produce oil by fracking in the US. And so as shale drilling has taken off producers have can afflict to the Permian as a really attractive place to be. And it is so prolific because it is both incredibly large spanning much of west, Texas and eastern New Mexico and also because it has these layers of oil bearing rock stacked on top of each other that allow producers to reach multiple layers from a single spot on the surface. So big oil companies are definitely a. Presence in the Permian basin including Chevron and Occidental, but they're also plenty of other smaller players there to how has that composition changing. So the smaller players were really the ones pioneered horizontal drilling and hydraulic fracturing in the Permian. They were the ones who experimented kind of signed tuned. How to produce oil there and more recently, the majors like Exxon, Chevron have stepped in and tried to be fought their positions, as you know, it's become more advantageous to have scale in the Permian. And it allows you to optimize a lot of the logistics associated with oil and gas production. If you are bigger have more continuous acreage. And so we're seeing really a push to to get bigger right now, and how would Chevron or Occidental acquiring Anadarko change the makeup of the Permian. Listen, even more so Anadarko 's acreage is kind of in the middle of both Occidental's and chevrons acreage. And so for either party acquiring the company would give them more of a foothold allow them to increase production, and they both say achieve the kinds of efficiencies that you get with being larger. That's Wall Street Journal reporter Rebecca Elliott joining us via Skype from Houston with more on the Permian basin. Rebecca, thank you so much. Thanks so much for having.

Chevron Permian Anadarko Chevron Chevron Rebecca Elliott Occidental Wall Street Journal Reporter Houston New Mexico Texas United States Nate Brawl Darko Exxon
Occidental Raises Cash Portion of Anadarko Bid as It Pushes for a Deal

Bloomberg Daybreak: Asia

00:50 sec | 1 year ago

Occidental Raises Cash Portion of Anadarko Bid as It Pushes for a Deal

"Occidental Petroleum is raising its bid for on Darko petroleum to seventy six dollars per share. Now, this will be a mix of stock and new shares his company is trying to beat out rival Chevron for control of Anadarko at the same time Occidental says if it were to win. Win. It now has an agreement to sell Anadarko assets in four African countries to the French oil giant towel. We have more on that from Bloomberg's Denise Pellegrini Occidental has struck a contingent deal with total to sell assets in ALgeria Ghana Mozambican, South Africa for eight point eight billion dollars. That's as Occidental is in Darkazanli sets in the Permian basin of west, Texas and New Mexico. Instead the goal is getting the attention of Berkshire Hathaway Warren Buffett's company as greet to inject ten billion dollars in preferred equity Occidental to help finance an Darko

Denise Pellegrini Occidental Occidental Petroleum Occidental Darko Berkshire Hathaway Warren Buff Algeria Ghana Mozambican Anadarko Chevron Bloomberg New Mexico South Africa Texas Eight Billion Dollars Seventy Six Dollars Ten Billion Dollars
Denise Pellegrini Occidental, Occidental And Anadarko discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:45 sec | 1 year ago

Denise Pellegrini Occidental, Occidental And Anadarko discussed on Bloomberg Daybreak: Asia

"Well. Occidental Petroleum is raising its bid for Anadarko to seventy six dollars a share. It's a mix of stock in new shares as it tries to beat out rival bidder. Chevron in the meantime, Occidental says if it wins it has an agreement to sell Anadarko assets in four African countries to French oil giant, total more on that from Bloomberg's Denise Pellegrini Occidental has struck a contingent deal with total to sell assets in L. Julia Ghana Mozambican South Africa for eight point eight billion dollars. That's as Occidental's Anadarko zest. That's in the Permian basin of west, Texas and New Mexico. Instead the goal is getting the attention of Berkshire Hathaway or in Buffett's company greet to inject ten billion dollars in preferred equity and Occidental to help finance an end Darko.

Denise Pellegrini Occidental Occidental Anadarko L. Julia Ghana Mozambican Sout Berkshire Hathaway Chevron Bloomberg Darko New Mexico Texas Buffett Eight Billion Dollars Seventy Six Dollars Ten Billion Dollars
Chevron, Occidental Petroleum And Bloomberg discussed on Bloomberg Businessweek

Bloomberg Businessweek

01:26 min | 1 year ago

Chevron, Occidental Petroleum And Bloomberg discussed on Bloomberg Businessweek

"Today. I major bidding war has broken out. No doubt about it in the Permian after being rebuffed several times Occidental Petroleum making public a thirty billion dollar offered by Anadarko petroleum as it looks to break up a proposed takeover offer by Chevron. I find this interesting. How this is all play out because it's a it's a very aggressive. It's not it's good to be the king. It's a very aggressive Bidin. It's going to be interesting. How in Dhaka handles it? The seventy six dollar per share cash and stock bid for the Texas based oil natural gas producer. It's twenty percent more than chevrons thirty three billion dollar agreement. So the gloves are off seven Casey is following it. All he's energy, America's team leader at America at Bloomberg news in our Bloomberg interactive brokers studio, where are we surprised that somebody else came out knowing? No, if you look at the Chevron bids was announced on April twelve and I think part from the first day everyday since then the Anadarko still has been trading slightly above that offer price. So it was it was it was in the price expecting for you. I mean facts on the morning of that deal. It was announced. We also reported that Occidental citing anonymous sources that Occidental had made an ova chill. So they just come and today. That's what that's what the news is so expecting Chevron to step up to the plate again. Well, perhaps. It's not a certain this is a Bloomberg market minute. After what

Chevron Occidental Petroleum Bloomberg Anadarko Petroleum Occidental Bloomberg Interactive Brokers Casey America Dhaka Bidin Texas Team Leader Producer Thirty Three Billion Dollar Thirty Billion Dollar Seventy Six Dollar Twenty Percent
"permian" Discussed on Permian Perspective Podcast

Permian Perspective Podcast

10:28 min | 1 year ago

"permian" Discussed on Permian Perspective Podcast

"Um. The Permian basin is an abundant oil and gas producing area, already one of the world's leading oil producing regions, the area in west Texas and southeastern New Mexico could nearly double crude oil production by the year, twenty twenty three but who are the leaders behind this economic powerhouse? And what is their story? This is Permian perspective. I'm your host Krista as skinny. Sponsored by Baker Hughes. A GE company, inventing smarter ways to bring energy to the world. Hello, everyone. Welcome to this week's episode. I'm sitting here this afternoon in Midland, Texas withdrew Baker, he is the sales director for the Permian for Emerson, thank you so much for being with us today. Thank you for having me. How are you? I'm great. I'm great. It's beautiful day here, Midland, it is. We've been very blessed with temperatures in the upper eighties this week. It's been fun before we jump into our interview. I want invite everyone to take a few minutes and leave a review on itunes, Permian perspective is a brand new show, and we would love to hear you. Save really kind things about us, that would be great and get that five star review. So thank you, head of the time, we appreciate it, and we may even mention your review in a future broadcast. So thank you. Okay. At this time we wanted, just jump right into things and say, drew, thank you for being with us and tell us what Emerson does here in the Permian. Yeah. So Merson is the technology company that provides Slough. To gas companies that help them really improve their ability hit their production targets improve safety metrics and help lower their overall lease operating expenses. Wonderful and you're fairly new just open to your office. How long has it been? Yeah. It's it's by really quickly say we informally moved in November first, and then had a grand opening on March first. So still breaking it in and go on smoother everything. Good so far, so good. Yeah. No, no, big upside so far. So antastic and you help explain a little bit more of a someone that is not familiar with your technology. Exactly what it is that you do that how you can help others here in the Permian. Yeah. So Emerson provides like to say a few layers of technology that help really help companies be more productive and specific to oil and gas. There's a fuel of that. So providing the measurement sensors that help them understand better insights around their process. So things like the down hole pressure on a well, they're processed temperature how how high their, their tanks filled things. Like that really helped them than AB more productive. You know, everyone's looking for more people. And so the more technology you can use to really naval, your people to do more things than obviously, you can be more productive. Not rely on, you know, the crazy workforce challenges. Everyone has right now. And so there's the sensing part of, and then we also have products that help control and direct different. Workflows mccraw companies operation efficiency really helps the fish exactly antastic. Well, let's talk a little bit about how you got oil and gas. And what brought you here to the Permian. Yeah. So I'd say it's been a new new thing for me for sure. My graduated college in two thousand nine is a chemical engineer, and they weren't hiring too many KOMO under engineers in two thousand nine so I just kinda got my hand in sales and industrial automation, loved automation, and joined Emerson back in two thousand sixteen and was recently sent down here as an assignment as sales director. And so I just kind of figured why not the permeates the place to be. And it's been great so far. And it really is what has been the biggest. Surprise. I guess when you got here to the Permian, I'd say the combination of, you know, it's got the small town feel, but how busy and crowded it is in what, what at first appears to be such, you know, kind of isolated area out in west Texas, New Mexico yet, how crazy and just, you know, everything is just buzzing. So I'd say that combination really surprises me for sure. What do you think makes the Permian basin? So great so far. I'd say it's the people people are, you know, have been super super friendly, always willing to roll up their sleeves and help out, you know, no one really has any sort of eagle or big city feel everyone's super humble, even though, you know, so much activity is going on. You know, this area generating so much money for not only Texas, but for the US as an oil and gas producer and yet, there's no sense of entitlement or there's no era Gance to that. So I think that's been a really, really cool thing to see that essentially the and that people really are, what makes it amazing. An everybody is willing to help everybody else. You never hear. Anyone helping you. No, it really is. And I've been here a lot longer than you. But I feel like wow, everybody is so nice and willing to help each other out. I love that. And I love that. We're getting that out to the world for them to know that about us here in the Permian. Tell me a little bit about your involvement in the community because service providers can provide a big bonus for big asset into our community house, Emerson working that into your day to day operation. Yes. So we're trying to really help contribute more and more into the community and working with our customers, and peer customers, and really helping I'd say build out the infrastructure to support all this oil and gas growth. Another interesting thing about this area's just how quickly the growth and oil and gas can outpace the ability to provide things like housing education workforce development and it's not a new problem to the Permian. Right. But it's one of those things where you can't just tackle one of those items by itself, and just call it solid. Right. You know if you. If you want teachers, you have to have housing if you want housing to have roads. And so I think the area's really now understanding that and companies have really started band together and a few few different coalitions, all say to really not only raise money, but really attack it the right way, you know, if it was just something as simple as throwing money at the solution again, I think it would have been salt already. But so it's really cool to see really the area take kind of the long-term approach, and we're definitely definitely on helping the try support that for sure you're right on the money because I've been here, twenty one years. And in that time I have never heard so many big organizations, talk about those four things. Then we have say in the last year and I think companies like yourself in and all the other companies here we work here. We live here. We want it to do. Well, they want all industries to do. Well, and I really see what you're saying with everyone coming together more now than ever before. Do you know why that is, is there a buzz out there? Why that is being talked about more is. Great question. I was actually just thinking about that, as you were going through that. I think people see how much potential there is in this area, and they wanna make sure that they do it. Right. And that they don't they don't rush into things, and, you know, have another, they really wanna make sure basically realize what the vast potential the Permian offers for oil and gas. And so even right now, I think we had a little bit of oil price dip and it started to, to pick back up, but activity isn't just it's not screaming fast, right? I think people are really playing this at a steady pace to make sure that they build this up the right way and build it up in a way that really supports local community. You mentioned the ups and downs of the oil prices, which we all follow daily, of course. How does your company deal with the ups and downs? And what have you seen maybe different compared to now than maybe in the? Yeah. I think this cycle is just so much different in that companies are being looked at more to really provide that long-term growth and really. Operate more as a profitable company, instead of just chasing the oil basically chasing the all they want to do it efficiently profitably so that they can be around to see the next boom in three four five years. And so, I think you're seeing a little bit more of a, a level growth has opposed to the whip saw, which is good for us. And for all companies, evolve, honestly, because it makes it so much easier to plan and support resources for companies like Emerson in order to provide those local resources in a predictable way, so that we can best customers. Right. Let's talk technology because I know technology is such an important part of growth. What are some of the major technological advances that you see are supporting this graph? Yeah. So I see there's a few things obviously, the ability to provide very fast, almost real time data now and the field has been certainly progressing very rapidly. Recently the number of different data points that you can measure in the amount of data, obviously, exploded in the last few years. So we certainly seen some progression overall. You know, the challenge right now is, you know, I like to say, you know, companies and oil gas during the boom or even in the downcycle, they either have money or they have time and they don't have both point. So it makes it does make it really tough in these kind of booms really implement those new technologies. But I, I think companies really come around to do it. And when they understand that okay, I don't have to add twenty people, I couldn't if I wanted to. But now that have five or ten by implementing, these new sensing technologies and have people start Manji things by exception as opposed to, you know, manually checking things periodically just makes things again more productive, and more efficient. A lot of people may and maybe this is generational thing, my age. Maybe in an older, be may be a little scared of technology. And what would you say to someone that is, maybe in the business, and has been in the business, a long time and has not used the technology that Emerson provides what would you say to someone that would encourage them to go? Hey, it's okay, let's you. This will help you what would you say to someone? Yeah, that's a great question. When I when I get asked that, you know, as far as I think, sometimes people here automation, and they think of it as a dirty or they think like, oh, gosh, it's eliminating my job, but especially more so than ever today. I'd say it's actually elevating, you know, the ability of someone to be able to pick up new technologies and understand how to use some of the newest cutting edge technology, really elevates their role within the organization. I mean, we're as a nation were, there's such a deficit, and people that can can code and, you know, we have a big gap and tree labor that the more the more people can pick up the technology and use it efficiently. Improperly the first time I'd say that only elevates their skills and attracted. And this is the job Kennedy. You're a sales manager and you were day-to-day with the Salesforce. What is your best tool that you use with your team or that you have maybe used that has really helped you get to where you are today? Oh, that's a great question.

Permian Emerson Texas Midland The Permian basin sales director New Mexico Baker Hughes Krista US Salesforce