I was interviewed by a bright freelance reporter, Zach Koppang, back in February. Unfortunately, the media outlet he worked for went out of business before the article was published. Zach sold the article to Bakken.com and it was published today.
Enjoy!
Is that a Bakken Hoe in the picture?
Great job and being interviewed!!!
That is definitely the Bakken in the summer time.
Thanks Dime.
Former VP and Halliburton CEO Dick Cheney often mentioned that the solution to long-term price stability lies in building more oil refineries in the United States.
Liz this is a good point. The USA earlier this year simultaneously set records for gasoline storage AND gasoline exports. That is quite a feat.
We are the world’s refinery and that is why when I do my analysis I look through the crude oil data into the entire value chain of petroleum.
“I had a drilling superintendent tell me, “We don’t drill wells anymore. I manufacture holes. I’m a factory. Instead of the wells coming by my machine, I move my machine to where the wells go.””
That line alone made it worth the reading time.
Nicely done, Brent.
Thank you TKC1101. This is a key evolution that has occurred in the past 5 years that those who’ve not gotten dirt on their steel toed boots (if they own any) do not grasp.
Where each well was a bespoke project a decade ago now there is a blue print modified slightly for geology at each well in a given basin. It is race to drill them and set casing faster.
Our rigs are 2-300% more efficient than 10 years ago. This is really overlooked outside of those in the midst of the revolution.
Thank you sir.
“I think that indirectly, with some of Trump’s agency appointments and his initial executive orders, he is creating an environment that has stopped being unfriendly to O&G.”
Nice, Brent! And I was glad to feel the optimism (Well, until the part where it depends on congress haha).
I think it is important to be realistic.
The first step in any cure is to stop making things worse and President Trump has done so within the limits of executive power.
If we don’t realize the barricade that is Congress we will not press on them to change.
Thank you.