Energy News Beat Podcast
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ENB #217 Drilling Down: The State of Independent Oil and Gas in a Shifting Economy
In the Energy News Beat - Conversation in Energy with Stuart Turley and Rey Trevino III discuss the current state of the oil and gas industry, emphasizing the ongoing demand for oil, the challenges posed by rising costs, and the role of independent oil companies in the U.S. They highlight the importance of effective cost management, the potential of using stranded natural gas for Bitcoin mining, and the impact of political and economic factors on energy production. The conversation also touches on the differences between energy policies in Texas and California and the upcoming 2024 election.
Rey is on news shows and is a great resource for what is going on in the energy markets. He has his own podcast the Crude Truth, and is also a co-host on the 3 Podcasters Walk into a Bar.
Thank you Rey, for stopping by the ENB Podcast. I had an absolute blast.
Please follow Rey on his LinkedIn HERE: https://www.linkedin.com/in/reytrevinoiii/
Check out Rey's podcast the Crude Truth HERE: https://thecrudetruth.com/
Pecos Operating is HERE: https://pecosoperating.com/
For Audio Chapters
Highlights of the Podcast
00:00 - Intro
00:39 - Current Drilling and Production
01:07 - Importance of Low-Cost Energy
02:28 - Global Oil Demand and OPEC vs. IEA
03:00 - Impact of Rising Costs and Bidenomics
04:00 - Independent Oil Companies' Role in U.S. Energy
04:40 - Family Business Background and Outlook
07:45 - Comparison of Energy Policies: Texas vs. California
10:00 - Due Diligence in Drilling Operations
12:05 - Reworking Wells for Increased Production
13:08 - Challenges and Opportunities in Oil Deals
14:39 - Climate Transition and Economic Impacts
15:06 - Security and Technology in Oil and Gas
16:15 - Gas Prices and Natural Gas Production
18:08 - Bitcoin Mining and Stranded Gas
19:59 - Political Commentary on Digital Currency and Regulation
21:14 - Podcast Performance and Audience Engagement
23:56 - Final Thoughts and Contact Information
25:19 - Closing Remarks