The PetroNerds Podcast (The PetroNerds Podcast)

https://youtu.be/ngEVv8sekJM In the first episode and official reboot of the PetroNerds podcast (thank you Digital Wildcatters), Trisha Curtis and Ethan Bellamy address the global oil market, the US oil market, COVID, and the role of $50 oil in detail. Trisha dives into the importance of $50 oil and why it is a magic number for shale, Saudi Arabia, and Russia. She also discusses the impact of a likely ban on fracing on Federal land and the pending regulations coming at the oil and gas industry. Trisha gets into the controversial weeds of shale productivity gains, frac sand, third quarter moves into natural gas by EOG and Liberty Oilfield Services, and the role of efficiency gains. They discuss the fundamentals of the oil market as of December 6th, 2020 and put oil demand in context. Peak demand, the COVID vaccine, the oil price recovery and the market’s misguided understanding of demand are just of few of the many topics covered in the first and must listen to (and watch) PetroNerds podcast.

https://youtu.be/NZrt2-V_XNE Trisha Curtis and Ethan Bellamy continue to dive into the oil market and discuss why oil prices are rising in the face of renewed COVID related shutdowns, rising Libyan output, and muted demand outlooks released by the IEA and OPEC in mid-December. WTI sits at $49 and Brent at $52. Trisha talks about the increased number of operators in the Permian Basin and many smaller operators that have returned to drilling in recent weeks. Ethan talks about take away capacity for gas in the Permian and Haynesville. And Trisha comments on Biden’s cabinet picks, the importance of methane emissions, and in the increased regulatory burdens the US oil and gas industry is about to face. This is another must listen to episode.

https://youtu.be/_7_JK-JjZuA Trisha Curtis and Ethan Bellamy dissect the OPEC Plus meeting the first week of January and the surprise 1 mbd cut by the Saudis, and Trisha explains her more nuanced views on how the Russians and the Saudis are viewing near term demand and oil prices. WTI is $52 and Brent is $55.  Ethan and Trisha get nerdy on European oil companies ENI and BP. Trisha talks about ENI’s comments regarding the to push to lower breakeven prices into the low $40s/barrel and Rosneft moving into the Arctic, a company BP has a large stake in.  Trisha gets into the weeds on BP’s “peaked demand” outlook and Ethan discusses LNG exports, the US’ maxed out capacity, and pipeline buildout across the major gas plays.    And yes, Trisha and Ethan discuss and predict a ban on fracing and leasing on Federal land by the Biden administration.   They continue to discuss their thoughts and projections on US oil and gas supply.   Correction – Trisha mistakenly said Permian Basin production was 3.9 mbd prior to COVID, but meant 4.9 mbd. To clarify, production is now around 4.2 mbd.”

https://youtu.be/GGjYMBahKeA This is the must listen to episode on the major moves by the Biden administration within hours of taking office. The cancelation of the Keystone XL pipeline and Order No. 3395 by the acting Secretary of Interior suspending permits to drill oil and gas wells on Federal Land as well as Indian Land have massive and lasting market implications. Trisha and Ethan get into the weeds on these market impacts and what these measures mean for US and Canadian oil production.

Welcome to the inaugural PetroNerds Podcast with PetroNerds co-founder Trisha Curtis. This is the first in a series of monthly energy market podcasts with a focus on oil and gas news and events.  More than just a summary of headlines, the PetroNerds Podcast takes a deep analytical dive into topical energy market developments via a data-driven discussion of news, economics, companies, assets, well performance, and much more from the oilpatch.  Discussions will touch on global energy markets and geopolitical events, US energy news, shale and tight oil + gas market developments, and policy issues. In this episode, Trisha discusses OPEC and stagnant oil prices, the Dakota Access Pipeline (DAPL) controversy and the implications of a delay for crude movements out of the Williston Basin, the proposed Spectra-Enbridge merger, Apache's Alpine High discovery in the Permian Basin, EOG's acquisition of (or "combination" with) Yates Petroleum, and the Powder River Basin. The PetroNerds Podcast - Episode 1 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In this episode of the PetroNerds Podcast, Trisha Curtis dives into the Powder River Basin (PRB). She discusses the basin's operators, reservoirs, productivity, and outlook. This episode covers several themes and highlights from Q4 2017 earnings calls.       Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In this episode of the PetroNerds Podcast, Trisha Curtis discusses the ins and outs of Colorado's controversial ballot measure, Proposition 112 (Increased Setback Requirement for Oil and Natural Gas Development), and provides some background on the current state of oil and gas production in Colorado. Show notes: Maps of the increased setback and "vulnerable" areas off limits to future oil and gas development can be found here: https://cogccmap.state.co.us/cogcc_gis_online/ The State Ballot Information Booklet: http://leg.colorado.gov/sites/default/files/2018_english_final_for_internet_updated_language_73_0.pdf The Fiscal Impact Statement: http://leg.colorado.gov/sites/default/files/images/final_fns_for_web.pdf Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 2 of the PetroNerds Podcast, Trisha discusses the recent activity of several Bakken, Anadarko Basin and Permian Basin players (Continental Resources, Oasis Petroleum, Pioneer Natural Resources, and EOG Resources) and how that activity fits within their recent earnings calls. The PetroNerds Podcast - Free Episode 2 Slides (Note: the full slide deck to this podcast can only be accessed through the PetroNerds Bundle. Sign up for a free trial now!) Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 3 of the PetroNerds Podcast, Trisha discusses OPEC's November production cut deal, the rapid growth of America's drilling rig count, and associated water production costs and issues in the shale patch. The PetroNerds Podcast – Free Episode 3 Slides The PetroNerds Podcast – Free Episode 3 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

Episode 4 of the PetroNerds Podcast tackles two Permian-centric acquisitions: ExxonMobil's purchase of Bass and Noble's purchase of Clayton Williams.  Host Trisha Curtis discusses these deals, Permian well productivity, and some potential headwinds for new Permian entrants, including high acreage acquisition costs, constrained capital budgets in a low price environment, the specter of rising service costs, and the need to quickly drill to hold acreage in the Permian. In addition to the free sample slide deck available below, PetroNerds is making the full podcast slide deck available for just $99 to help listeners follow along in great detail. Each slide deck is densely packed with data, charts, analysis, and other news related to the podcast.  This month's slide deck provides nearly 30 slides and includes asset overviews for the Permian positions of ExxonMobil/XTO, Bass/BOPCO, Noble, and Clayton Williamsas as well as oil well productivity comparisons for the Bone Spring, Wolfcamp, Trend Area, and Delaware across both Texas and New Mexico.  This month's slide deck is just $99 or you may purchase a 1-year subscription (12 decks) to the PetroNerds Podcast slide deck for $999. Purchase This Month's Slide Deck for $99 Subscribe to One Year of PetroNerds Podcast Slide Decks - $999 The PetroNerds Podcast – Free Episode 4 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 5 of the PetroNerds podcast, Trisha Curtis discusses her recent trip to Riyadh, Saudi Arabia and her presentation there before the IEF (International Energy Forum), Saudi Aramco's IPO and some of its challenges, how shale resiliency is causing disarray in OPEC, and Keystone, DAPL, and activity levels in the Williston Basin. Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 6 of the PetroNerds podcast, Trisha Curtis discusses the burgeoning frenzy for 100 mesh frac sand, the shift to finer grain sand, rising prices, and the research that seeks to explain the relationship between finer sands and increased productivity.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In this episode of The PetroNerds Podcast, Trisha Curtis discusses free cash flow concerns surrounding the US shale industry and comparisons to mainstream but cash flow negative tech companies.  This conversation explores differences in business models, pricing, intellectual property development, and buy-in costs.  Trisha also introduces PetroNerds' new HedgeAware platform and covers hedging and financial data gleamed from Q2 2017 earnings calls. Download the podcast slides using the link below to follow along with the hedging and CAPEX discussion and to learn a bit more about HedgeAware. Download Podcast Slides   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In this month's podcast, Trisha Curtis discusses crude oil prices hitting $60 dollars per barrel, the longevity of the much ballyhooed rebalance, supply and demand fundamentals, OPEC activity (accord or discord?), Saudi refined products, as well as GOR concerns in the shale sector and service company Q3 earnings calls (Schlumberger, Halliburton, Baker Hughes - GE). Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License.   

As we approach the release of Q4 2017 earnings for independent US oil and gas companies, Trisha Curtis reflects on Q3 earnings comments from Continental Resources CEO Harold Hamm and Centennial Resource Development CEO Mark Papa.  Her discussion examines CEO forecasts for Q4 related to profitability, productivity, and macroeconomics, creating benchmarks for us to assess not only the accuracy of these projections but also how market sentiment has changed since last quarter given the rise of oil prices and US oil production volumes. Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License.   

https://youtu.be/2C7GrcnV8U0 In this episode of the PetroNerds podcast, Trisha and Ethan discuss the rise in oil prices, the launching of the PetroNerds podcast, the launch and rebranding of the PetroNerds website, the Executive Order on Tackling Climate Change and the impact it will have on existing permits in New Mexico. This podcast brings the heat and is a must listen to episode. Trisha goes through the majors, their earnings and highlights, and calls out BP for their embracement of strong US regulations, big bets on renewables, and claims that Rosneft’s greenhouse gas emissions for crude oil are actually lower than BP’s. Trisha and Ethan also discuss the fate of the Dakota Access Pipeline and the alternative routes and paths for Williston Basin production should this 570,000 b/d pipeline be emptied.

https://youtu.be/rIZD_icKX-A This is a timely and must listen to episode of the PetroNerds podcast. This is one of the first Digital Wildcatter podcast mashups. Trisha Curtis shares the stage with the first guest co-host of the podcast, Robert Norton. Robert is filling in for Ethan Bellamy this week and is another midstream expert and economist. Trisha and Robert discuss all things related to weather and energy after the major storm that rocked Texas and much of the US during the second week of February and get into the weeds of pipelines, production, and power failures. They also discuss Colorado’s proposed ban for natural gas in new builds and propane and Enbridge Line 5 in Michigan. The letter from the state of New Mexico to the Department of Interior is discussed, calling out the unfairness of recent legislation impacting New Mexico which has more Federal Land than Texas. Inflation and the run up in oil prices is discussed at length. And Trisha gets into the weeds on the recent meeting of Oil Ministers and oil majors in Riyadh for the IEF/OPEC meeting where both BCG and BP comment on ESG and the market misunderstanding that oil companies still need to invest in oil.

https://youtu.be/B98nURAjVCo Trisha Curtis and Ethan Bellamy bring you a special two part St. Patrick’s Day special diving into hot oil prices, inflation, OPEC Plus compliance, and a real discussion and attempt to help listeners define and better understand the term “energy transition” and give it some actual context. Episode 7 is part 1 of this not to be missed discussion on what the energy transition is and how academics are defining it as well as a discussion on the newly released and rather controversial IEA 2021 Oil Report released on March 17, 2021 with some very aggressive oil demand reduction forecasts. Trisha talks about oil demand forecasts, the concept of the energy transition, and begins getting into China and their new 5 Year Plan.

https://youtu.be/-WYoqehIpDs In Episode 8, part two of the St. Paddy’s day doubleheader, Trisha and Ethan crush on Chevron (CVX) and the company’s approach to the energy transition and short cycle economics, pick apart China’s five-year plan, and analyze the Biden administration’s foreign policy moves. Trisha smacks Ethan during the show – a standard feature of this healthy podcast relationship from Trisha’s dining room table. Other mentions: Ethan applauds Chuck Yates’ dad who sheltered the Yates clan with solar and batteries during Uri, and talk about the merits of Generac’s standby generators for emergency weather. True Companies. Tallgrass. Robert Norton. Deb Haaland, the new Secretary of the Interior. Kinder Morgan. Mountain Valley Pipeline. Dakota Access. Chinese Capitalism. Hong Kong. Chinese and Indian coal.

https://youtu.be/-WYoqehIpDs In the 9th episode of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy talk about the rise in the US rig count, OPEC Plus adding barrels to the market, the role of the Saudis in these moves, oil demand and oil supply, oil demand growth in the US, China importing 1 mbd from Iran, and the trouble with Indian and Chinese coal consumption and CO2 emissions.

https://youtu.be/acQ6om9uc6k In episode 10 of the PetroNerds podcast, Trisha and Ethan continue the discussion of the Permian Basin’s rising rig count, oil prices, and spare OPEC Plus capacity. They also begin what is sure to be a more lengthy discussion on Biden’s Infrastructure Plan and associated Tax Plan, what Trisha calls unfair comparisons to China, and go through the Department of Interior’s nearly four hour virtual forum on oil and gas leasing on Federal Land and Offshore Waters and the executive order on Climate Change, which prompted the forum and review. (Note and clarification. As of January 2021, Doublepoint Energy, LLC was producing over 60,000 bd with nearly all of the production coming from 184 horizontal wells. Doublepoint has 184 active horizontals and 386 active vertical wells according to Enverus.)

https://youtu.be/CiVuLuppS0I Trisha Curtis and Ethan Bellamy take it into overdrive with a dense and timely podcast covering everything from DAPL to Iran. They discuss IEA’s oil demand increase, oil prices, US efficiency gains, the merits of hedging, the potential nuclear deal with Iran, Iran’s uranium enrichment, and what it means if Iran adds barrels to the market. They get into two recent Bloomberg articles on Chinese solar panels in Xinjang and BP’s selloff of Alaska, and bring it home with an update on the Dakota Access pipeline hearing and Trisha’s more nuanced take on legal precedent vs. Army Corp punting. (Trisha accidentally said Guernsey is in southwest Wyoming when she meant to say Guernsey was in southeast Wyoming, just off the border of Nebraska.)

https://youtu.be/oIeCf40xZbU In episode 12 of the PetroNerds podcast, Trisha Curtis sits down with Louis Baltimore of Hyliion trucking. Trisha and Louis talk about natural gas combined with battery technology in the trucking space and what types of solutions Hyliion has to offer the market. This is the first interview/discussion with a guest on the PetroNerds podcast. Trisha and Louis get into discussions of the role of natural gas in the trucking space, the market in the US, and potential markets abroad.

https://youtu.be/fHoY82nP5Jg Episode 13 of the PetroNerds podcast is part 1 of a nerdy two parter on oil prices, oil demand outlooks, US oil demand, OPEC plus, Biden’s recent policy moves, and the Senate hearing on the suspension of oil and gas leasing on Federal Land, pending review.  This episode covers a lot of ground and is very timely.  You are not going to want to miss it.  Stay tuned for part two, episode 14 where Trisha and Ethan get into the BP earnings call and the interview with Saudi Arabia’s Crown Prince Mohammad Bin Salman or MBS.

https://youtu.be/30sc0Lp4M9s Trisha Curtis and Ethan Bellamy come out swinging in the second part of this windy and nerdy two parter. They get into the color and commentary in BP’s Q1 2021 earnings call and the major themes discussed including EV charging stations in the UK and Europe, offshore wind, and BP’s move from an IOC to an IEC. And then Trisha and Ethan bring this two-part episode full circle by getting into the Arab News interview with Saudi Arabia’s Crown Prince Mohammed Bin Salman and his comments on US and Russian oil supply. Trisha and Ethan’s discussion on this interview and how MBS thinks and how it relates to the global oil market and the energy transition makes this a must listen to episode.

https://youtu.be/qz8gSMh2tnc In episode 15 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy discuss the current status of the Colonial pipeline (which had not resumed operations at the time) and get into oil prices, the US dollar, and all things inflation and Fed moves or lack thereof.

https://youtu.be/4u21CIAO4yc In episode 16 of the PetroNerds podcast Trisha Curtis and Ethan Bellamy discuss the market trends and themes taking place in the US upstream space, specifically the Permian Basin. They review the earnings calls of EOG Resources, Pioneer Natural Resources, Diamondback Energy, and Liberty Oilfield Services and put it all into a digestible market context and outlook. While concerns about higher services costs and inflation are present, efficiency gains such as longer laterals, faster drilling times, and faster and more efficient frac operations, and are a major theme throughout earnings season and have long term implications.

https://youtu.be/C3kykoLT8lE In episode 17 of the PetroNerds podcast, your host Trisha Curtis and cohost Ethan Bellamy discuss the implications for removing sanctions on Iran and the impact it could have on the oil market and is having on the oil market and talk about the very controversial International Energy Agency (IEA) report which called for all investment in fossil fuels to stop immediately. Trisha and Ethan talk about the relationship between Iran, China and the US and how Iran is playing their cards. In addition to getting deeper into oil prices, inflation, and the macro, they get into IEA's new flagship report which calls for all fossil fuel investment to stop if the world is to achieve net zero by 2015. The IEA Net Zero report can be found here: https://www.iea.org/reports/net-zero-by-2050

https://youtu.be/37JV-509Mrc In episode 18 of the PetroNerds podcast, Trisha Curtis comes out swinging on OPEC, Iran, and inflation. This is an episode you do not want to miss. Trisha and Ethan discuss OPEC's latest moves, rising oil prices in the context of rising inflation, and the role of the US dollar. They also discuss Iran and Saudi Arabia's behavior and supply and demand in oil. They round out the lively discussion by talking about natural gas and the controversy of banning it in some cities for newly build homes. This is the podcast on oil, energy, and policy. This is a two-part episode. If you want to hear all about Exxon's board debacle, Biden's recent executive orders, and the Dakota Access pipeline, stay tuned for next week.

https://youtu.be/fS3I3YzWkNs In episode 19 of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, and cohost Ethan Bellamy get into the very hot topics of ExxonMobil’s board seat debacle with activist investor group Engine No.1, Biden’s doubleheader Executive Orders on climate change, and the Dakota Access pipeline decision in favor of Energy Transfer and DAPL.  Trisha and Ethan discuss the implications and meaning of activist investors and put in context the overarching Executive Orders by the Biden administration which have far-reaching consequences for the financial system and procurement of contracts.  They finish the podcast with a lengthy discussion on the Dakota Access pipeline ruling by Judge Boasberg, in favor of the pipeline.  This is an incredible episode that you do not want to miss.  It is jam-packed with market intel.

https://youtu.be/htWPxEGNDRw In this episode, Trisha and Ethan review oil and gas market activity, the case for $100 oil, Trisha’s recent field trip to Midland, Texas, and the Liberty Oilfield Services (LBRT) investor day. The podcast covers the evolution of well economics as sand move from outside the basin to in-basin and now looks to be heading to local sand mining. At Liberty, “Happy Valley” economic evaluation of proppant and lateral length help solve for optimal well recoveries.

https://youtu.be/KlOO9q5n9-M In episode 21 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy get into the weeds on the Saudi and UAE production volumes and disputes in the latest OPEC Plus meeting or non meeting debacle.  They talk about oil prices and the risks to the upside and downside as well as activity in the US and what is happening with US oil demand.  They conclude with an impressive analytical link between Chinese human right abuses and forced labor issues in the province of Xinjiang, Chinese solar panels, and well known names from the Exxon and Engine No. 1 ordeal, Vanguard, State Street, and Blackrock.  (Correction: Trisha said “Stay Street” in the podcast and meant “State Street”) This is a must listen to episode folks! The link to the South China Morning Post article can be found here. Trisha will be speaking at DUG on Tuesday, July 13th, check out the agenda here.

https://youtu.be/nwvB9QBa-Do In Episode 22, Trisha Curtis and Ethan Bellamy discuss crude oil prices and the backslide to $66 as the market digests two negatives: the increased baseline allocation to the United Arab Emirates within OPEC and fears of the delta variant of COVID-19 reducing demand. Trisha sees WTI crude as appropriately priced in a band of $65 to $75, while Ethan sees further short-run weakness in oil to $63 for the August contract, but is more bullish on natural gas to $3.70 week on week on summer heating demand. Trisha provided some thoughts on DUG Permian & Eagle Ford, where she spoke last week. The mood was bullish 2014, which she finds a bit too optimistic given OPEC spare capacity. Producers are bulled up, which may not be helpful for US supply, which should be growing and suppressing the price.

https://youtu.be/yKp-hfkrAks Trisha Curtis and Ethan Bellamy bounce around global issues covering Norway, China, the US, and OPEC. Trisha continues to see the $65 to $75 price band for WTI Crude oil as most likely. Near month futures prices at the time of the podcast were $72 oil and $4 gas, both healthy figures for an industry that keeps adding rigs and frac spreads w-o-w. Looking ahead, the US will digest the end of the eviction moratorium and the lapse of COVID benefits, which should fill out the workforce. The Delta variant remains a wildcard for global macro. Ethan tries to put some guardrails around Trisha’s discussions of the global economy, International Energy Agency figures, electricity prices in the US, and China’s power use, commitments to climate change, and intricacies of policy-making and outcomes.

https://youtu.be/4QEKkBIOP64 Trisha Curtis and Ethan Bellamy bounce around global issues covering Norway, China, the US, and OPEC. Trisha In this special, one hour plus edition of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy sit down with Justin Kringstad, the director of the North Dakota Pipeline Authority, to cover everything Williston Basin, Bakken, and North Dakota.  They talk inventory, completions, rigs, flaring, midstream infrastructure and Bitcoin Mining. Kringstad brings 13 years of experience at the pipeline authority to a comprehensive look at this US energy powerhouse. Companies mentioned include True Companies, Crusoe Energy, Energy Transfer, Enbridge, ONEOK, Hess and Continental Resources.  Trisha, Ethan, and Justin cover the details of production, gas, flaring, pipelines and takeaway capacity, transportation discounts, CO2, EOR (enhanced oil recovery), ESG.

https://youtu.be/6lxLGoLOF60 In this episode of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, takes you on a 47-minute whirlwind tour of the oil market, oil prices, the International Energy Agency (IEA) and OPEC’s monthly market reports, inflation, the White House Press Briefing on August 11th, 2021 on inflation and OPEC, the US Consumer Price Index (CPI), and China’s coal-fired steel mill surge.  This podcast is another must-listen-to episode and jam-packed with market intel.  Trisha goes through the recent drivers in oil price declines, rampant inflation in the US and the Consumer Price Index and dovetails this all into monthly market reports from the IEA and OPEC and the White House Press Briefing on the Biden Administration’s claims that inflation is not as bad as it seems and the need for and call on OPEC and OPEC Plus to increase production and lower gasoline prices.  As always, she sprinkles in valid information on China and oil demand and closes the podcast on some recent data brought to light in a Financial Times article titled “China Puts Growth Ahead of Climate with Surge in Coal Powered Steel Mills.”

https://youtu.be/VQWBc6uPy08 In this episode of the PetroNerds podcast, Trisha Curtis speaks with Ben Cook of BP Capital. They discuss a range of issues surrounding investing in oil and gas and hydrocarbons and renewables. They talk about investing in oil equities, the nature of the market, the generalist investor, how operators are going to win back investors, ESG, trends and themes in Q2 2021 earnings, and the role of oil prices and market stability in investing. This podcast covers the gauntlet and hits on many issues Trisha had been touching on throughout the PetroNerds podcast.

https://youtu.be/g4QHaCT95L4 In episode 27 of the PetroNerds podcast, Trisha Curtis sits down with Yogashri (Yoshi) Pradhan, Senior Reservoir Engineer at Endeavor Energy Resources to discuss the biggest industry trends, themes, and takeaways from the recent SPE workshop on unconventional completions.  Low-cost diagnostics, including the use of vertical wells, pressure gauges, and tracers were some of the major themes.  Yoshi also talks about the paper she presented on behalf of Endeavor and the work and progress Endeavor has made on completions, infill development, and parent-child well dynamics.

https://youtu.be/6ja6RQGmEx8 In this very special 1.5 hour-long podcast, Trisha Curtis sits down with the CEO of Liberty Oilfield Services, Chris Wright, and nerds out on everything from the global oil market to frac sand. This was a live event at Liberty Oilfield Services, put on by the Denver Petroleum Club. Trisha and Chris talk about Liberty’s ESG report on energy poverty, Chris’ take on the battle against CO2, ESG, China, US regulations against oil and gas, inflation, rising electricity and energy costs, and simul frac and frac sand. This is a dense and lively discussion followed by questions from the audience. It is an honest and analytical take on the energy industry, CO2, ESG moves, and oil and gas equities.

https://youtu.be/r9hL5LwwZDQ In this special episode on the global energy crisis, Trisha Curtis takes you through the global energy markets to explain how this rise in energy prices happened and why it matters.  This episode starts with oil prices and OPEC Plus and their decision to maintain output increases of 400,000 bd on October 4, 2021.  From there, Trisha dives into the global energy crisis, discussing the nuances of the European and UK market, lack of storage, weather shifts, wind, and hydropower, and dovetails this into what is happening in China.  She explains China’s recent weather, drawdowns in coal, and reduced hydro and wind power, further exacerbating this perfect energy crisis storm. Trisha rounds this out by talking about economic growth, inflation, and risks to energy prices and economic growth.  Of course, the latest White House Press Briefing is mentioned. And the closer is on China and their housing, real estate, and property bubble that most do not want to believe is a problem.

https://www.youtube.com/watch?v=hWrUzzOocsk In episode 30 of the PetroNerds podcast, Trisha Curtis sits down with Mark Rossana, CEO of C6 Capital and fellow macro nerd.  Mark and Trisha talk about the US rig count, the US DUC count, and the US frac spread count. They get into the weeds and nuances of the rig count, the drawdown in DUCs (drilled but uncompleted wells), and frac fleets. They discuss simul fracs and what percentage of the Permian is actually running simul or twin fracs. Trisha makes sure to pull the micro to the macro with inflation talk and a word on the IEA’s (International Energy Agency) now “free” World Energy Outlook, prepared in advance of the big climate change COP 26 talks. And Trisha and Mark close it up talking about China and the real concerns for economic growth and recession. Consider this part 1 of the Trisha Curtis Mark Rossano energy and economic nerd fest.

https://youtu.be/d0_-iZTqNSA In episode 31, Trisha Curtis and Mark Rossano, CEO of C6 Capital, go into a double-header with part two of their nerdy convo.  This is a 45-minute conversation on everything from China to economic growth to the global energy crisis.  China’s recent miss on GDP for the third quarter is discussed along with coal, hydro, and wind power, and much much more.  The importance of China and what it means for global economic growth and energy prices are also discussed.  This podcast was recorded as a longer segment on China and the energy crisis, inflation, and investor pressure.  Inflation and investor pressure will be addressed in part 3 with Mark Rossano in episode 32.

https://youtu.be/TqKpoyP-Gjk Episode 32 of the PetroNerds podcast is the second half of the double-header with Mark Rossano. This is a continuation of the conversation on China and the global energy crisis.  In this podcast, Trisha and Mark talk about how inflation and the global energy crisis are interwoven and what the risks are to global economic growth and energy prices. This is a great discussion on inflation in the US and the impact it is having on the economy and spending power. This dialogue evolves from inflation and recession risk to rising interest rates and investor pressure and the role of ESG and the dislocations it is creating for public oil and gas companies. Trisha points out the evolving nature of investor pressure and the lack of defined targets for ESG. They close this conversation by taking it all the way to private investment and private equity and the role of lower oil prices and the benefit lower prices had on the US and global economy.

https://youtu.be/yDBn4NzJDxE Trisha Curtis and David Ramsden Wood, known to many as DRW, spend 57 minutes discussing energy, inflation, policies, and the US economy in episode 33 of the PetroNerds podcast.  Trisha and David dive into the US economy and energy market and discuss several significant events that have taken place over the past couple of weeks, including US Energy Secretary Granholm’s interview on Bloomberg while at COP 26 last week, green and ESG pressure in the US oil equity space, inflation, the Fed, interest rates, the US jobs report on Friday, Nov 5, 2021, Biden’s call on OPEC Plus to increase output, OPEC Plus’ agreement not to increase output further than their agreed-upon 400,000 b/d monthly increases, and the role of high energy prices and the current energy crisis.  All of this is covered and more.  DRW works in his Tesla and Permian acquisitions talk and well as the housing market.  This is a total show stopper and not to be missed episode of the PetroNerds podcast.

https://www.youtube.com/watch?v=ERQXn94iPLI Happy New Year and welcome back to the PetroNerds podcast. In this episode, Trisha Curtis, host of the PetroNerds podcast nerds out with Dan Pickering of Pickering Energy Partners. This is a special 1-hour 17-minute podcast.  Trisha and Dan cover everything from oil prices, market sentiment, inflation, decarbonization, ESG, and investor pressure.   They talk about oil prices, the role of market sentiment, the strength and health of the US and global economy, and inflation.  Dan discusses how long the debt bubble took to burst and take down the US economy, suggesting that the market may continue to move higher as sometimes things take a lot longer to play out.  Dan thinks "there is more gas in the tank." Trisha and Dan discuss decarbonization in the context of investing and Trisha pushes the question of whether or not all these investments are actually resulting in decarbonization or lower carbon emissions.  A healthy dose of economics and China talk is sprinkled throughout the conversation.

https://www.youtube.com/watch?v=be8dNuuR8oA Happy New Year and welcome back to the PetroNerds podcast and the first recording of 2022.  It is January 10th, 2022 and in this episode of the PetroNerds podcast, Trisha chats with Mark Rossana about Russia, China, Kazakhstan, Xinjiang, energy prices, and European and US inflation.  This is another special episode, making up for lost time, an hour of conversation with Mark Rossano, and a 20-minute recap with Trisha Curtis.  Trisha and Mark get into the nuances of the US inflation and the Fed's response to increase rates and tamp down on inflation and the European Central Bank's lack of response to deal with inflation.  They discuss the economy and economic growth, as well as the issue erupting in Kazakhstan and how it coincides with the build-up of Russian troops on the Ukrainian border and reduced natural gas, flows from Russia into Europe.  They also talk about China.  Trisha recaps the discussion with clarifications on China and Xinjiang and the impending supply chain issues coming in 2022, China's property sector woes, and what this all means for energy prices and why this should matter to you.

https://youtu.be/lZyng2OHNPI Episode 36 of the PetroNerds podcast is an incredibly detailed 1 hour and 17 min recording on all things Russia with expert Tatiana Mitrova.  Tatiana is well known for her knowledge and expertise of Russian oil and gas production and exports.  We talk about Russian oil and gas production volumes, the ability for Russia to produce at a lower fiscal breakeven than many other major producing countries, and some of the recent geopolitical issues with Russian gas and Europe. We discuss what happened over the course of 2020 and 2021 in Europe and Russia with regards to gas production, volumes going to Europe, and Europe's energy crisis, especially in the context of Russia's aggression against Ukraine and Europe's doubling down on renewables and exiting from natural gas, coal, and nuclear.  Tatiana and I talk about energy security, the energy transition, and Russia's relationship with China. This is a very special, not to miss episode on Russian oil and gas production and geopolitics.

https://www.youtube.com/watch?v=rrf7_isQNr4 In episode 37 of the PetroNerds podcast, Trisha Curtis sits down with Steven E. Koonin, the author of "Unsettled."  Trisha and Steve discuss the premise of the book, the elevation of climate change in policy making, potential pitfalls in the data, and the controversial topic of understanding how much humans are influencing global warming and the certainty of that in the reports and analysis.  This is a frank discussion about the cost of the energy transition and the certainty or lack thereof that climate change is indeed a "code red for humanity."  This is a nerdy and controversial topic podcast filled with analysis and questions.  Steve and Trisha discuss the definitions of "climate" vs. "weather," the the importance of having a proper discussion and debate on how to address concerns about climate change and global warming, the ability to accurately model and have high degrees of certainty, grid reliability, the IEA's net zero by 2050 report, monetary policy, Xcel's shutting down of coal fired power plants and rate hikes, and Steve's comment that "net zero by 2050 is a fantasy."   This book is about "What Climate Science Tells Us, What it Doesn't, and Why It Matters." Steven is the former Undersecretary for Science at the US Department of Energy for the Obama Administration and the former Chief Scientist with BP.  This is timely, nerdy, and a must listen to episode of the PetroNerds podcast.

Recorded on January 28, 2022 https://youtu.be/IJnBpXr9AT8 In episode 38 of the PetroNerds podcast, Trisha Curtis has the pleasure of sitting down and talking all things Permian Basin with Aaron Hunter of ConocoPhillips.  Aaron is the Vice President of the Midland Basin for ConocoPhillips.  Trisha and Aaron get into three main topics starting with Permian nerdiness and the state of play in the Midland and the Delaware, the resiliency of the Midland over the course of 2020 and 2021, changes within the Permian Basin, and the rise of private operators.  They discuss the acquisitions of Concho Resources and Shell's Permian assets.  And they get into ESG, emissions - Scope 1, 2, and 3, ConocoPhillips' Paris Climate Accord plans, their triple mandate, and their recent earnings calls and stockholder meeting.  They discuss this in the context of investor pressure and the rise of ESG, and address that this has been emphasized while ConocoPhillips has amassed a significant Permian position in the past two years.  This is a timely and not to miss episode encapsulating many recent topics on the PetroNerds podcast and bringing it full circle with a major public operator, and soon to be the largest operator, in the Permian Basin.

Recorded on February 2, 2022 https://youtu.be/QnEDvuubSDQ In episode 39 of the PetroNerds podcast, Trisha Curtis sits down with Ryan Keys, CEO of Triple Crown Resources.  Triple Crown is a private operator in the southern Midland Basin with 44,000 acres.  Ryan offers a very candid view of what it is like to be a private operator in the basin and the serious cost pressures facing operators.  Inflation and rising costs and the lack of labor and skilled labor are beginning to bite operational efficiency.  Trisha and Ryan talk about the oil market, oil prices, hedging, inflation, and a myriad of other topics.  They also talk about Triple Crown’s position in the basin and the uniqueness in being in an off-the-cuff play that fewer folks are interested in, characteristic of many private operators across the US today. This is a fantastic and informative conversation and a must-listen-to episode of the PetroNerds podcast. 

Recorded Monday February 21, 2022 https://www.youtube.com/watch?v=WEOCL6UxQaw IIn episode 40 of the PetroNerds podcast, Trisha Curtis discusses European energy policy and the European energy crises with expert and professor Thierry Bros.  This is a dense, high BTU content podcast.  Thierry is a professor at Sciences Po Paris and recently published an op-ed titled "Dreaming isn't going to solve the energy crisis."  Trisha and Thierry talk about this recent article and an early February document from the European Commission on including natural gas and nuclear in their plans to decarbonize.  They get into high energy prices in Europe, the heavy reliance on Russia for so much of Europe's natural gas, and the steadily declining production and supply of natural gas from the UK and Europe.  They talk about energy policy and monetary policy and what Thierry calls "magic math" being done by many politicians and regulators.  And they discuss France's push to call natural gas "fossil gas."  This is a refreshing conversation from someone within Europe that understands Energy policy and climate change and is willing to call a spade a spade.

Recorded on February 28, 2022 https://youtu.be/lSC3AaLL6Pc In episode 41 of the PetroNerds podcast, Trisha Curtis takes the first 15 or so minutes to recap what is happening with the crisis in Ukraine and the invasion by Russia which began on the 23rd of February.  Trisha is joined by her guest, Justin Kringstad of the North Dakota Pipeline Authority, to talk about the state of the Bakken, the Williston Basin, and North Dakota at $95 oil.  The Williston Basin rig count has remained extremely low despite elevated oil prices and Trisha and Justin discuss the nature of the operators and the reasons why activity has not returned to the basin.  Trisha and Justin get into prices and what this means for inventory.  They talk about "remaining inventory" and "core" and "tiers" and why inventory may not be an issue, the fact that it is locked up by public operators is.  Continental Resources is running eight rigs in the Williston Basin but talked more about the Powder River and the Delaware in their earnings call.  Trisha and Justin also discuss the huge volumes of natural gas being produced in the Williston Basin, despite less drilling, and the fact that more infrastructure and midstream development for natural gas will need to be built in the coming years.  This a timely podcast front loaded with a major market update and followed by a critical discussion of the nuances of the Williston Basin.

Recorded on March 1, 2022 https://www.youtube.com/watch?v=WN5-vvLP9K4 In episode 42 of the PetroNerds podcast Trisha Curtis is joined by Matt Gallagher, former CEO of Parsley Energy and current CEO of Greenlake Energy Ventures.  This is a lively and timely discussion by two oil and gas nerds who clearly need more than an hour to discuss the entire global oil market, energy policy in the US and abroad, ESG, the US oil market, and impacts of war in Ukraine on geopolitics and on energy prices.  Prior to recording, oil prices for the US crude benchmark, West Texas Intermediate, spiked to well over $105 and barrel, from $97 just hours before.  Trisha and Matt discuss the Biden Administration's energy policies and war against oil and gas, Matt's look back on the proration talks he had with Texas Railroad Commission when oil prices were collapsing in 2020, and Matt's electric Mustang.  They get into service companies and pricing and the need for service companies to be profitable along with producers.  They spend time talking about the over emphasis of the "E" in ESG and also talk about leadership in the oil and gas space and the certainty most executives have on the northbound trajectory of oil prices.  Trisha harps on recession risk and talks about the risks of allowing Iran, Russia, China, and North Korea to get closer.  And they close the conversation by talking about sustainably sourced and humanely sourced barrels of crude oil from the US and Canada.  This is an awesome episode and one you most definitely want to share with everyone you know!

Recorded on April 4, 2022 https://youtu.be/UUZ17gIh39I Episode 43 of the PetroNerds podcast is part one of an incredible double header on all things US natural gas, global LNG markets, the European energy crisis, and the impact of regulations on ESG and investor pressure.  Trisha Curtis is joined by her guest Renee Pirrong, Strategy Director at Tellurian.  Tellurian is active in the upstream space in the Haynesville and will soon be exporting LNG (Liquified Natural Gas).  Before recording WTI was $101.80, Brent $106.36, Henry Hub $5.80, and TTF Dutch from CME $36 MMBtu.  Trisha starts off the podcast with a global overview and backdrop of what is happening in the world, including the Biden Administration and IEA's planned release of Strategic Petroleum Reserves from the SPR.  In this episode Trisha and Renee get into US natural gas production volumes, US LNG export volumes, LNG export capacity, and the Biden Administration's plans to increase LNG exports to Europe this year and significantly more through 2030.  Trisha gets into the production base potential and the meaningful impact of market signalling by regulators and the need to build infrastructure and pipelines to accelerate production growth in the US and exports abroad.  They discuss the impacts of ESG investing and money going into renewables vs. oil, natural gas, and coal.  They also begin discussing the energy crisis in Europe and Asia.

Episode 44 is the second part of an incredible double-header with Renee Pirrong of Tellurian. In this episode, Trisha Curtis and Renee Pirrong continue their conversation on the global LNG market and get into the weeds on China's natural gas dynamics and the increasing volumes of LNG flowing to China. They also discuss the three major LNG hubs in Europe, the import capacity, and the nuances of floating vessels. There is a dense discussion on China with regards to the war in Ukraine, China and Russia ties, energy security, and the rise of renewable and coal-fired capacity generation in tandem. This is a high, but energy-dense PetroNerds podcast you are not going to want to miss.

Recorded on April 22, 2022 https://youtu.be/J8it73SELXs In episode 45 of the PetroNerds podcast, Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, is joined by the Denver Petroleum Club's Gabby Richmond.  Gabby is well versed on the oil and gas market and topics of China and is an Australian native.  In this special PetroNerds podcast, Trisha and Gabby do a little "fliparoo" and Gabby takes the opportunity to interview and ask Trisha questions on the market.  This podcast is incredibly timely and topical and focuses on China and China's energy policies and economy.  It was recorded on Tuesday evening April 26th, 2022, before Russia cut off natural gas supplies to Poland and Bulgaria.  This podcast gets into the weeds on China's energy security policies and plans, coal use and trajectory,  China's "Dual Circulation" economic strategy, Chinese natural gas imports, and China's "zero Covid" policy and implementation.  This is part one of the conversation with Gabby Richmond.  Next week is all about the US economy, inflation, and the Fed.  .

Recorded on April 22, 2022 https://youtu.be/apUCiLWz5IM Inflation on the brain? Thinking about the US economy? Housing? Employment? Episode 46 of the PetroNerds podcast is the long-promised episode on everything from inflation, recession, to housing, and the US economy.  This is part 2 of a two part series where Gabby Richmond of the Denver Petroleum Club performs another PetroNerds fliparoo and interviews Trisha Curtis on the state of the US economy, inflation, and the Federal Reserve.  Trisha and Gabby discuss the Strategic Petroleum Reserve release and the impact on oil prices, high oil prices and high everything prices, inflation, oil demand, and the health of the US consumer.  They get into inflation expectations, wage price spirals, and factors that drive oil demand.  Trisha is more concerned with natural gas prices and electricity price increases and inflation than $100 oil.  "We are going to have a recession.  It is going to happen."  Trisha is asked about the Federal Reserve's response or lack of response to inflation and 50 basis point rate hikes.  Trisha and Gabby get into unemployment and the labor force and higher wages and prices getting passed along to the consumer.  And the podcast closes on US oil production and activity and the recent earnings calls of Halliburton and Liberty Oilfield Services.  Despite inflation and supply chain concerns, Trisha says "don't bet against the industry."

Recorded on May 4, 2022 https://youtu.be/k8klTgu4wqo Episode 47 is a special treat for PetroNerds podcast listeners wanting to know more about Colorado, regulations on oil and gas, the need for politicians to actually act, and the Denver Julesburg Basin.  Trisha Curtis is joined by guest Heidi Gill, CEO of Denver based Urban Solutions.  Urban Solutions is primarily a soundwall and mitigation company for oil and gas activity, but as Heidi explains, it is also a compliance company and is working on software and nuisance impacts and mitigation in other businesses from renewables to crypto.  Trisha opens with commentary on the Federal Reserve's 50 basis point rate hike and the current 30 year fixed mortgage rate of 5.6 percent.  WTI is $107.68, Brent $110.07, Henry Hub $8.38, Dutch TTF $32.  Trisha and Heidi talk about the state of the Colorado oil and gas industry, regulations in Colorado oil and gas, the defeat of Proposition 112, the push of SB 181, changes in the COGCC (Colorado Oil and Gas Conservation Commission), and oil and gas activity in the DJ Basin.  They talk about the need for clarity on regulations and the need for permit approvals for investors to get excited about the DJ.  They talk about Colorado Governor Jared Polis' positioning on oil and gas, how SB 181 was not put in place to foster oil and gas development, and how the COGCC make up was changed.  Heidi makes note of Occidental's wells in the town of Firestone being approved by Firestone but denied by the state of Colorado.  Heidi says that the "The state has not been processing permits consistently."   Trisha and Heidi discuss the need for clarity in Colorado on oil and gas permitting so that businesses like Heidi's have an incentive to stay in Colorado. They also talk about the stringent emission standards in Colorado for oil and gas production and touch on a number of other topics, including NIMBYism (Not in My Back Yard) and the inability to permit renewables as well as oil and gas.  This is a DJ focussed podcast with applications across the US and across businesses, including renewables.  

Recorded on May 12, 2022 https://youtu.be/NfaSKF6r7F8 Episode 48 is a true PetroNerds special.  Want to see PetroNerds in action? Actually giving a client presentation? Listeners of the PetroNerds podcast get to hear and see this fun fast paced 40 minute talk, soup to nuts, on the global economy and global oil market.  This was an actual recorded presentation given to a public E&P on May 12th, 2022.  Trisha Curtis walks you through the global oil market, recession risks and realities, inflation, the impact of high oil prices and high inflation on the economy and oil demand, the food and energy crisis, what is happening in the US economy and housing market, the entrenched war in Ukraine and the impact this is having on Europe's economy and the global food crisis, Trisha's contrarian and real world views on ESG, US oil and gas activity and the impact of ESG and investor pressure on public operators, their oil production, and the current energy crisis, and why this all matters for oil demand, oil prices, and your business. On May 12th, 2022 WTI was $106.13, Brent $107.45, Henry Hub 7.74, and Dutch TTF $/MMBtu $32.62.  

Recorded on June 1st, 2022 https://youtu.be/8CgDLyvds_s Episode 49 of the PetroNerds podcast is a PetroNerdy service company focused podcast with Adam Anderson, the CEO of Innovex. Trisha Curtis and Adam talk shop on oilfield services and the state of the oil market. Innovex is known to many in and outside the oil and gas industry for being the company which North Face rejected a jacket order on the basis that Innovex was involved in the oil business. (The Colorado Oil and Gas Association gave North Face an award in response, mocking them for their hypocrisy and direct support of oil and gas given most of their products are made from petroleum. Chris Wright, CEO of Liberty Energy (formerly Liberty Oilfield Services) has led a campaign in Denver Colorado, purchasing billboards, thanking North Face for their oil and gas use.) Trisha and Adam talk about oilfield services in a $100 barrel market, inflation, ESG and investor pressure, the underinvestment thesis, and what is happening in the market with OPEC and Russia. Adam asks Trisha questions and they disagree a bit and debate about what is happening in the oil market. It is a great conversation and worth a listen! On June 1st, 2022 oil prices were $115.27 WTI, $116.35 Brent. Henry Hub $8.70 and Dutch TTF $/MMBTU $27. The 30 year mortgage rate was 5.57 percent.  

Recorded on June 21, 2022 https://youtu.be/B4v-9Zztiwc In episode 50 of the PetroNerds podcast, Trisha Curtis sits down with the CEO of Petro.Ai, Troy Ruths, on location at the Petro.Ai office, in Houston, Texas.  This is a great must listen to conversation on the state of US shale, completions, and the money coming back into US shale. Trisha went down to Houston to speak at a dinner event for Petro.Ai where the infamous Mark Zoback also gave a talk. Trisha and Troy follow up this nerdy dinner convo with a Petronerds Podcast and talk extensively about the state of the market, the publics vs. the privates, optimism and $100 oil, sentiment, and the technical prospects for US shale.  They get into completions, well spacing, predictions, data, knowledge of the rock, "tiers," and a whole lot more.  This is a nerdy and optimistic conversation on the state of US shale and the significant growth and opportunity the rock and the industry have to offer the US and the world.  Is the US industry done tinkering with completions?  A few years ago, folks would have said yes, but this podcast will make you think that could change.

Recorded on July 5, 2022 https://youtu.be/NjQQrY3bEaQ Episode 51 of the PetroNerds podcast is focussed on what one company wants to do with brine water in oil and gas, mine it for various minerals.  Trisha Curtis is joined by guest Thomas Smith, CEO of US Strategic Minerals.  It is July 5th, 2022 and oil prices have dropped below $100 a barrel, recession worries are mounting, and the stock market is declining.  Trisha makes sure to sprinkle in current market color and commentary, but the two talk about strategic minerals in brine water and the potential to "mine" or extract them and use them.  While lithium and magnesium can be found in brine water, so can calcium carbonate, critical to the cement industry.  And what plagues the cement industry? CO2.  Get calcium carbonate for cement, sequester CO2, and make money from brine water?  Trisha and Thomas discuss the potential in this very nerdy PetroNerds podcast.  

Recorded on July 7, 2022 https://youtu.be/bkDimh-AoRc Episode 52 of the PetroNerds podcast is a special mash up episode with host Trisha Curtis, CEO of PetroNerds and Jason Spiess with The Crude Life. This is an absolute must listen to and must watch episode. Trisha Curtis is recording remotely from Craig, Colorado and Jason Spiess is recording remotely from Elizabeth, Minnesota. The two discuss $100 barrel oil prices and sticky inflation and what that means for the US economy, housing, recession, and new builds. They talk about the policy drives behind plugging wells, reducing stripper well production, and the impacts to production and energy security. Jason brings up a myriad of topics and asks Trisha about oilfield services, image, and ESG. Trisha gets into the ramifications of ESG, the lack of leadership in oil and gas, and the serious ramifications that all of this is having for energy security and the knock on effects being felt in the US and around the world with high energy prices and severe geopolitical vulnerability.

Recorded on July 22, 2022 https://youtu.be/vmfMseyE7Q0 Episode 53 of the PetroNerds podcast is a fantastic discussion on supply chain issues, small businesses, inflation, recession, the Biden Administration, the coming rise in US unemployment, the US economy, the European energy crisis, and China. Want to get up to speed on everything happening in the US and around the globe in terms of energy and the economy? This is the podcast to listen to. This is part two of the PetroNerds Crude Life Mash Up where Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, brings back Jason Spiess from the Crude Life to discuss the nuances of inflation, employment, energy production, and policies. Trisha opens the conversation talking about supply chain issues, red hot US inflation, natural gas prices above $8 mcf and gets into "what recession is" and "what inflation is." Trisha explains that "Inflation is driving this recession." And that "inflation is a tax." Trisha and Jason talk about the Biden Administration's hypocrisy on energy, anti domestic oil and gas rhetoric and policies, and continual calling out of the oil and gas industry for high oil prices. Trisha talks about the Administration bragging about a $.60 drop in gasoline prices while inflation ratchets to 9.1 percent. She talks about the complexities and nuances of employment, interest rates, and the need to curb inflation which will slow the economy and increase unemployment. They talk about the Administration's speech on climate change and the several hundred million dollars allocated for air conditioners and cooling centers in poor communities and the need for energy. They talk about the rise in electricity prices, up 13.7 percent in the US, and the grave and serious energy crisis in Europe which could throw the world into a recession. They close the podcast talking about China and China's controversial North Dakota investment plans.

Recorded on August 2, 2022 https://youtu.be/SyEGad8AmPY Recession, China, Taiwan, inflation and concerns about oil demand on the brain? PetroNerds has you covered. Episode 54 of the PetroNerds podcast is a 44 min jam packed intel ridden podcast covering Nancy Pelosi's visit to Taiwan and tensions with China, Exxon's earnings call, and Chris Wright's fantastic statement on the energy transition, investment pressure, and leadership in oil and gas in Liberty Energy's Q2 2022 earnings call. Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, walks listeners through current oil and natural gas prices and price pressure on oil prices. WTI $95.78, Brent $101.91, Henry Hub $7.89, Dutch TTF $/MMBtu $60, 30 Year Mortgage 5.05%, 10 Year Yield 2.71%. Trisha discusses Europe's energy crisis, Spain instituting caps on air conditioning and heating temperatures, Germany's increasing coal burn, the stock market and the Fed, inflation, and Walmart's earnings miss and food inflation.

Recorded August 5, 2022 https://youtu.be/PQ14RfBDLMM Episode 55 of the PetroNerds podcast is a must listen to episode on everything from the US jobs report to the market response, recession, the stock market and tech, oil rice pressure, crude oil inventory levels, inflation and the 1970s, and China and Taiwan. Trisha Curtis, host of the PetroNerds podcast and CEO of PetroNerds, is joined by her guest Gabby Richmond, Executive Director at the Denver Petroleum Club. This is another special "fliparoo" episode with Gabby where she asks Trisha the most timely and relevant oil market and geopolitical questions of the day. Gabby asks Trisha about the US jobs report and the wackiness of the stock market response last week. They talk about the Fed, inflation, recession and what that means for the stock market. Gabby asks about oil prices, US crude oil inventories and stocks, OPEC, Saudi Arabia, and spare capacity. Trisha talks about extreme complexities in the global economy that are important for all businesses and CEOs to watch out for. She also discusses the false sense of security of high oil prices against a backdrop of a poor and stretched global economy in the midst of war and an energy and food crisis. The discussion is closed with a great update on China and Taiwan and Nancy Pelosi's visit to Taiwan last week and what Taiwan means for China, the global economy, US midterms, and more. Trisha talks about Taiwan's need for natural gas to make semiconductors and China's aggressive coal production increases and what it means for Chinese domestic energy security and Chinese outward expansion. WTI is $90.02, Brent $95.68, Henry Hub $8.15, Dutch TTF $60, 30 Year Mortgage 5.16%, 10 Year Yield 2.85%

Recorded on June 29, 2022 https://youtu.be/XRGIsmUTrig Episode 56 of the PetroNerds podcast is the presentation and Q&A Trisha Curtis did at the Hart Energy DUG Bakken and Rockies Conference in Denver, Colorado on June 29th, 2022. Darren Barbee, Senior Editor at Hart Energy, was the panel moderator and asked fantastic questions. This is a rapid fire show stopping presentation that will have you leaning in and asking questions. Trisha goes around the world and discusses oil supply, oil demand, the global economy, recession and inflation, lost refining capacity, Saudi production, US public vs. private operator activity and public investor pressure, the global food and energy crisis, inflation/interest rates and unemployment, ESG and the impact it is having on US and global oil production, energy security, geopolitical leverage, and of course China's massive increase in coal production and use. She covers all of this and more in just 15 minutes. Buckle up folks. "This is when you put the drill bit back in and this is when you drill…we are going to look back and realize that the ESG and investor pressure took away from these operators and they should have been drilling."

Recorded on August 17, 2022 https://youtu.be/Lj2beKVovRw Episode 57 of the PetroNerds podcast is another heavy hitting jam packed episode. Araron Hunter with ConocoPhillips returns - this time as the Vice President of the Delaware Basin. Trisha Curtis, CEO of PetroNerds and Aaron Hunter, Vice President of the Delaware Basin for ConocoPhillips, talk shop on all things Delaware Basin, Conoco earnings calls, technology trends, formation targeting, natural gas, LNG, red hot prices and inflation, and net net zero pledges. WTI is $87.02, Brent $92.58, Henry Hub $9.24, Dutch TTF $67.59, 30 Year Mortgage 5.48%, and 10 Year Yield 2.90%. They discuss frac and technological growth and efficiency, inflation, and Conoco's triple mandate and energy security. Another not to miss PetroNerds podcast episode!

Recorded on August 11, 2022 https://youtu.be/rYwT4wFnwEY In episode 58, Trisha Curtis, CEO of PetroNerds, gives a talk to the Denver Petroleum Club's Mentor Program.  Trisha begins the podcast by recapping highlights from the past couple of weeks and bringing listeners up to speed on the state of the oil market and latest happenings in energy security, oil prices, and China.  In her talk to industry leaders and their industry mentees, Trisha explains what is happening in the global oil market with oil prices, the global economy and inflation and major food and energy crises taking place around the world.  She gets into oil demand, high natural gas prices, Chinese coal production, Chinese rising unemployment and poor housing data, ESG and the pressures on public operators, US energy production and declines during 2020, and the massive public private bifurcation in drilling and completion activity in US shale.  This is a thorough talk on everything taking place in the global economy and oil market from here in the US to across the pond.  August 11th, 2022 WTI was $93.51 and Henry Hub was $8.35.

Recorded on August 11, 2022 https://youtu.be/dsBETJtjcu4 Recorded on August 2, 2022 In episode 59 of the PetroNerds podcast, Trisha Curtis is joined by David Ramsden Wood. David hits Trisha with a series of rapid fire questions from the stock market, the Fed, inflation and interest rates, the global economy and macro environment to Russia's invasion of Ukraine and the resilience of US shale. They get into the energy transition and the breakdown taking place across the globe. They talk about Russia's pariah status and the linkages with China. They talk about the energy transition, energy security, and the stability of power sources like coal in the year 2022. August 2, 2022 - WTI $95.78, Brent $101.91, Henry Hub $7.89, Dutch TTf $.MMBtu $60, 30 Year Mortgage 5.05%, 10 Year Yield 2.71%

Recorded on October 7, 2022 https://youtu.be/plBY2PP_e_I Episode 60 is a must listen to PetroNerds podcast with Trisha Curtis' former employer, mentor, and Washington insider, Lou Pugliaresi. Lou Pugliaresi is the President of the Energy Policy Research Foundation, Inc. (EPRINC) and joins Trisha Curtis for deep dive conversation on the Biden Administration's failed energy policies and the state of national energy security. Trisha and Lou talk at length about the Biden Administration's reaction to OPEC Plus' 2 mbd cut, Europe and LNG markets, and what the Administration would actually do if they were interested in increasing domestic oil and gas production, lowering oil prices, and increasing domestic energy security. They talk about the banks and the role of financing and ESG pressure and investing, the implications for sabotaging Nordstream 1 and 2 and the lack of long term LNG contracts being signed by Europe, and how Biden's energy policies mirror the failed energy and geopolitical policies of Europe. They talk about the massive growth in US crude oil output from 2010 to 2019 and the incredible domestic and global and benefits and geopolitical impacts that this production had on the US and the world.

Recorded on October 12, 2022 https://youtu.be/TMsK0XaOPNw Episode 61 of the PetroNerds podcast is another jam-packed podcast getting you ready for US midterms, catching you up on the state of the global and US economy, the state of the oil market, and the Biden Administration's policies on oil and natural gas. In episode 61, Trisha Curtis talks with Diana Furchgott-Roth, a brilliant and seasoned economist, DC insider, and now the current Director of Energy, Climate, and the Environment at the Heritage Foundation. Trisha and Diana cover a range of topics including questions and changes around US energy policy with regard to midterm elections, Biden Administration policies on oil and gas and climate, China, the economy, and much much more. The impetus for this podcast came from an article Diana recently wrote for Forbes on Biden's desperation to lower oil prices ahead of US midterms. She quoted Trisha. You can read it here. Listen on Itunes

Recorded on August 23, 2022 https://youtu.be/GGp-q0iRsLg Episode 62 of the PetroNerds podcast is a jam packed treat for listeners. Ahead of Halloween and midterms, Trisha Curtis updates listeners on the state of the oil market and the Biden Administration's moves on the SPR (Strategic Petroleum Reserve). Listeners get to hear and see Trisha Curtis on an incredible panel with Heidi Gill of Urban Solutions and Andrew Haney of Nickel Road Operating. "The Future of the DJ: Is It Still Economic to Operate in Colorado?" was a panel at the Colorado Oil and Gas Association's annual energy summit in August 2022. The discussion is lively and frank given both Urban Solutions and Nickel Road are private companies. And as listeners know, Trisha does not pull any punches. She speaks to regulators in the room directly about the need to approve permits in Colorado and the state of the oil market, the likeness to California, Colorado's declining production contribution to energy insecurity, and the need for Colorado to decide whether they are pro domestic oil and gas production or not. Listen on Itunes

Recorded on October 27, 2022 https://www.youtube.com/watch?v=XG7Jl5DPnag Episode 63 of the PetroNerds podcast is another must listen to episode ahead of midterms. Trisha Curtis is joined by guest Andrew Haney, Co-President of Nickel Road Operating. Nickel Road is a private company operating in the Denver Julesburg Basin in Colorado. Trisha and Andrew discuss the current state of the oil market, the dramatic drop in natural gas prices, the IEA's recent report calling this the first global energy crisis and the need for more renewables and clean energy, the state of the oil market in Colorado and the ability and difficulty in obtaining permits. They also discuss the operational environment in Colorado, the high standards and requirements and regulations in Colorado, competition with other states, achievements on drilling times, lateral lengths, and well performance and much much more! On October 27th, 2022: WTI $88.85, Brent $96.78, Henry Hub $5.19, Dutch TTF $30.78, 30 Year Mortgage 7.04%, 10 Year Yield 3.95% Listen on Itunes

Recorded on November 4, 2022 https://youtu.be/0BbPlG1M-ek Episode 64 of the PetroNerds podcast is a natural gas special with guest Toby Rice, CEO of EQT. EQT is the largest natural gas producer in the US, producing roughly 6 Bcf/day. Trisha and Toby chat about the state of the gas market, LNG and global macro, ESG, unleashing US shale, the prolific Marcellus, and the lack of pipeline capacity throttling EQT's growth capabilities. Trisha pushes Toby on his positioning and stance around C02 and ESG, especially in the context of energy security. She does not think they agree. He thinks they agree on everything. This is a great back and forth you are not going to want to miss. WTI $91.32, Brent $97.48, Henry Hub $6.15, Dutch TTF $/MMBtu $36, 30 Year Mortgage 7.29%, 10 Year Yield 4.17% Listen on Itunes

Recorded on November 9, 2022 https://youtu.be/bCFAoOwUgSc Episode 65 of the PetroNerds podcast is a very special treat for listeners and viewers. Trisha Curtis was privileged to be on a panel in Washington, DC the day after the midterm election. This event took place on the morning of November 9th, 2022. Diana Furtchgott-Roth. Director of Energy and Climate at the Heritage Foundation chaired and moderated the panel with Trisha Curtis and Lou Pugliaresi. Lou Pugliaresi is the President of the Energy Policy Research Foundation in Washington, DC. Trisha does a lot of straight talking on energy policy and walks the audience through the Biden Administration's anti domestic oil and gas policies, energy security in Europe, and gets into refineries and refinery capacity and why diesel prices are so high in the US. Diana asks fantastic questions and Lou and Trisha answer them in detail. This is not the podcast you want to miss folks. Share it with your colleagues and peers and leave reviews on YouTube and itunes. "What will happen to energy in the next Congress? is the title of this fantastic panel discussion. "What might the next Congress do to lower energy prices? Join us as Heritage’s Diana Furchtgott-Roth and energy experts Trisha Curtis and Lucian Pugliaresi share their predictions for the 118th Congress." Listen on Itunes

Recorded on November 3, 2022 https://youtu.be/fmVbaNpco3E Episode 66 of the PetroNerds podcast is a special treat for listeners. Trisha Curtis was asked to speak at the Denver Association of Petroleum Landmen's annual Fall Land Institute event. This took place in Denver on November 4th, 2022, and was exceptionally well attended in person and online. The reviews for Trisha's presentation and talk were fantastic. Trisha takes the audience and podcast listeners through the geopolitical complexities of today's oil, natural gas, and energy markets and focuses listeners on energy insecurity. She walks through the pains and outlook for the global and US economy and the current energy crisis, how the world got here, how energy policies contributed to it, and explains why energy policies today matter for energy security in the future. This is an absolute must-listen-to and must-watch episode. Listen on Itunes

Recorded on November 29, 2022 https://youtu.be/GL_qXdPcNwA Episode 67 of the PetroNerds podcast is part 1 of a special doubleheader with guest Dr. John Constable.  John is a UK expert on energy and renewables and Director of the Renewable Energy Foundation.  This podcast was recorded in person at the Liberty Energy offices in Denver, Colorado.   Trisha Curtis and John Constable discuss a range of UK and European energy topics including electricity prices, subsidies, energy crises, and energy policies.  Trisha and John cover the problems with UK energy policy, the high cost of electricity in the UK and Europe, the negative consequences of low energy demand in the UK and Europe and the developed world, the increasing cost and opacity of wind power, the limited energy that wind and solar provides with low conversion ratios, and the detrimental impact to the economy and energy security.   Listen on Itunes

Recorded on November 29, 2022 https://youtu.be/3d355lK6qkg Episode 68 is another must-listen to PetroNerds podcast and part 2 of the doubleheader on UK, EU, and US energy policies with Trisha Curtis' guest Dr. John Constable. The second half of this conversation gets into China, geopolitical complexities, the importance of energy education, understanding "energy blindness," and the Inflation Reduction Act (IRA). John expresses his grave concerns about the cost of the Inflation Reduction Act and how weak this makes America. In essence, the US is handing off geopolitical leverage to China as the US tries to outsource its CO2 emissions. The IRA subsidies on renewables are higher than Europe's green subsidies and will create incredible global dislocations. Trisha and John discuss energy security and European energy and climate change policies in the face of recent increases in coal, oil, and natural gas use - Europe's distressed return to hydrocarbons. Will European energy policies go back to coal and natural gas? Listen on Itunes

Recorded on November 16, 2022 https://youtu.be/0A5jLAxYDMw Episode 69 of the PetroNerds podcast is a unique Q&A session with Trisha Curtis and Christine Prah of the Women in Oil and Gas Association. Trisha is asked a series of questions ranging from US oil and gas production to ESG to Biden Administration policies. This Q&A was a live dialogue with the WOGA - Women in Oil and Gas Association, recorded in November of 2022. Trisha dives into US production, the need for energy education, and literacy and the thin trading volumes in crude oil. Trisha answers a wide range of topical market and business related questions from the moderator and the audience. This is another not to miss podcast, filled with intel and insights and introduced with a timely market recap on the first days of 2023, including the Fed, jobs data, and oil prices. Listen on Itunes

Recorded on December 2, 2022 https://www.youtube.com/watch?v=7Lop0EQ5MHE&feature=youtu.be Everything US shale in 15 minutes? Trisha Curtis and PetroNerds have you covered. PetroNerds is back in the UK! Episode 70 of the PetroNerds podcast is a 15 minute market recap as of January 18, 2023 and the US shale presentation Trisha gave in Oxford on December 2, 2022. Trisha presented to an international group at Oxford University for the Oxford Institute for Energy Studies' (OIES) Oil Day. This is a 15 minute complete and fast run down of all the major themes taking place in US shale including rising oil and natural gas production, the rise of private operators and their activity, increased lateral lengths and efficiencies, high natural gas prices impacting gas production, and regulatory, ESG, and investor pressure. Trisha was also a guest on the OIES podcast. https://www.oxfordenergy.org/publications/oies-podcast-us-shale-oil-and-gas-continued-growth-or-curtailment-can-europe-rely-on-additional-us-shale-for-lng/ Listen on Itunes

Recorded on January 12, 2022 https://www.youtube.com/watch?v=SlkkfBIfikg If you have not listened to a PetroNerd’s podcast in a while or have not listened to one at all, episode 71 the PetroNerds podcast is the one to boot up. Trisha Curtis takes listeners and her live audience through everything happening in the market and the global economy, starting with a focus on US shale and ending with China and ESG. Episode 71 of the PetroNerds podcast is your world wind tour and everything you need to know to start off 2023 on the right foot. This podcast, talk, and presentation is worth watching and listening to. It is a talk Trisha gave at the AADE (American Association of Drilling Engineers) Appalachian chapter on January 12, 2023 in Cranberry, Pennsylvania. From US housing to inflation to the impact of high global food and fertilizer prices and lower global economic growth, PetroNerds covers it all. Listen on Itunes

Recorded on February 9, 2023 https://www.youtube.com/watch?v=gCax5aRbSAQ State of the Union vs. State of Reality. Episode 72 of the PetroNerds podcast is the first half of an in depth dive on everything from Biden's State of the Union address to rising natural gas production in the US and the incredible changes in the US shale patch since COVID. Trisha addresses ESG, the energy transition, and the lack of leadership by public operators. This is the first half of the talk Trisha Curtis gave to the Denver Petroleum Club on February 9, 2023 at Ovintiv's Office downtown Denver. This is a timely and engaging podcast and a must listen to episode. The second half of this talk and part two and episode 73 will cover US inflation, the US economy, Chinese coal consumption, and much much more. Listen on Itunes

Recorded on February 9, 2023 https://www.youtube.com/watch?v=fVy6zS3KvHo Episode 73 of the PetroNerds podcast is the second half of Trisha Curtis' response to Biden's State of the Union and a fresh recap of the market. The introduction covers inflation, stock market swings, the one year anniversary of Russia's invasion of Ukraine, what draining ammunitions means for the world and the role China has been playing and could play going forward. Part two of State of Reality covers the US and global economy, China and China's coal fired power generation, and what PetroNerds calls real ESG, energy security and human rights. This is the second half of the talk Trisha Curtis gave to the Denver Petroleum Club on February 9, 2023 at Ovintiv's Office downtown Denver. Listen on Itunes

Recorded on March 9, 2023 and February 28, 2023 https://www.youtube.com/watch?v=W3FmEa7ngeI Episode 74 of the PetroNerds podcast is weighted heavily on geopolitics and risk and begins with a fresh market update as of March 9th, 2023. Trisha Curtis talks about US banking fallouts from Silvergate and the beginnings of SVB (information was just coming out at the time), the Fed, inflation, oil, risk and China. The rest of this podcast is a talk Trisha Curtis gave to students and staff at the Colorado School of Mines in Golden, Colorado. She takes the audience across the globe from China to Russia to Europe and the US and discusses everything from war to the risks of war fatigue. Trisha was invited to speak by the Payne Institute for Public Policy. Listen on Itunes

Recorded on March 13, 2023 https://www.youtube.com/watch?v=n3cn8CVEw6Y Episode 75 of the PetroNerds podcast is a true PetroNerds special. This is a UK energy and geopolitical focused conversation. John Grogan, former Labour Member of Parliament in the United Kingdom (Selby constituency) and now candidate in northern England is Trisha's guest in this fantastic two part discussion. Trisha Curtis interned for John Grogan in UK Parliament in 2007. In part one Trisha and John talk about SVB and the current banking fallout, the market, the state of the UK economy and inflation, and the energy crisis. They talk about UK energy policies, the UK grid, energy prices, emissions, renewables, and the UK's reliance and ties to China before getting into a more political discussion on the war in Ukraine, covered in part two, episode 76! Listen on Itunes

Recorded on March 13, 2023 https://www.youtube.com/watch?v=UidSynarym4 Episode 76 of the PetroNerds podcast is part two of the UK special with former UK Member of Parliament and current candidate, John Grogan. This conversation covers a range of topics from China and energy security to national security, geopolitics, the war in Ukraine, the alliance and support and funding for the war, and war fatigue. Trisha and John discuss British vs. European attitudes to China and investment concerns and trade. They covered everything from Russia's relatively resilient economy to the Inflation Reduction Act (the US renewable bill push). This discussion is heavily focussed on geopolitics and discusses everything from China, Germany, and Russia to Hong Kong and Mongolia. This is a must listen to podcast folks covering an incredibly important range of topics. Listen on Itunes

Recorded on March 30, 2023 https://www.youtube.com/watch?v=kPeCxTH5nOI In episode 77 of the PetroNerds podcast Trisha Curtis is joined by Mark Marmo, CEO of DeepWell Services. In this podcast Trisha and Mark talk about the US shale patch, oil and gas prices, inflation, risk, and the banking crisis. They discuss the labor market, supply chain tightness, China and Russia, and the steady increase in oilfield services activity from Latin America to the Middle East. Listen on Itunes

Recorded on April 7. 2023 https://www.youtube.com/watch?v=MP2f88xB0Ok Buckle up for your world wind market tour with PetroNerds and the PetroNerds podcast. In episode 78 Trisha Curtis takes you through the oil market and the global economy, China, geopolitics, the energy transition and, JP Morgan's annual energy paper, the Fed, and the US economy. Trisha discusses the OPEC Plus cuts which have driven oil prices to over $81/barrel and the pickle the Federal Reserve finds themselves in with sticky and persistent inflation and a banking crisis backdrop. She talks about recent jobs data in the US and the average work week being just 34.4 hours. Trisha then dives into geopolitics, China , and the energy transition and covers the Taiwan visit to the US by the current leader and the Taiwan visit to China by the former leader. She discusses China's relationship with Europe and French and EU leader visits to China. She gets into China's relationship with Latin America, including recent changes to the Brazil and Honduras relations as well as China's peace brokering between Iran and Saudi Arabia and everything in between. This is a podcast that you won't want to miss! Listen on Itunes

Recorded on April 10, 2023 https://www.youtube.com/watch?v=_SO3WZXRq-I In episode 79 of the PetroNerds podcast Trisha Curtis is joined by guests, Andrew Parker and Dave Curtis, executives from SPL, a measurement, testing, and certification company in oil and gas. This is indeed a PetroNerdy podcast and Trisha is pleased to speak with another service company. Trisha, Andrew, and Dave talk about the measurement and certification side of the business, the trend and realities around operators measuring for environmental metrics, the market realities and consequences of such pushes, and much much more! Listen on Itunes

Recorded on April 17, 2023 https://www.youtube.com/watch?v=xW7KPq9pYVc&t=10s In episode 80 of the PetroNerds podcast Trisha Curtis is joined by guest Ryan Keys, President and Co-Founder of Triple Crown Resources. Triple Crown Resources is a private operator located in the southern portion of the Midland Basin. Trisha and Ryan cover the micro to the macro. They discuss oil prices and the broader oil market and OPEC Plus cuts, the regulatory environment, M&A, the acquisition environment, and share buybacks. They get into methane, flaring, and emission reduction as well as production and Triple Crown assets, inflation, and margins. This is a jam-packed episode with great color, intel, and insights on the market. Listen on Itunes

Recorded on April 20, 2023 https://www.youtube.com/watch?v=d_hc4vpCWo4 Episode 81 of the PetroNerds podcast is part one of an incredible double header with Daniel Seaver, VP of Midstream and Marketing, at Fundare Resources. Fundare is a private operator in Denver that is actively drilling in the DJ (Denver Julesburg) Basin in Colorado. Trisha Curtis sits down with Daniel for an in depth and frank dialogue on the state of the industry, the trajectory of oil prices, and regulations and business dynamics in Colorado and beyond. Trisha and Daniel discuss the current pressure on oil prices, Daniel's perspective as a private operator and the bullish investment thesis, and oil price dynamics and industry group think. They get into the energy transition and the negative sentiment around oil and gas and the pressure this is having on stocks and investments and share price performance and the lack of love for oil and gas. Trisha discusses her recent trip to DC and her conversation with folks in DC regarding energy security and the energy transition. She talks about the compounded effects that the movement against oil and gas is having with rising regulatory uncertainty in the business. Trisha also gets into the role this investor sentiment is playing in the outlook and analysis for US shale. Daniel asks Trisha about Tier 1 acreage and Trisha gives a detailed explanation about the role of private operators helping to expand acreage availability and debunking the Tier 1 to Tier 4 acreage argument. They discuss the deep seated regulatory issues in Colorado and the inability of operators to get permits in the core of the DJ Basin, pushing operators to step out, as Fundare is doing with their current asset, formerly Whiting's Red Tail asset. They talk about the large chunks of permits coming out of the COGCC (Colorado Oil and Gas Conservation Commission), favoring the bigger operators. They get into emissions, air emission standards, Fundare going tankless, and the new ozone bill being proposed in Colorado, HB23-1294. They close part one of this awesome discussion with some backstory on the regulatory environment in Colorado, Proposition 112, and the DJ development story, and they get into midstream and downstream, the ability to raise money in 2020 and the current M&A outlook. Daniel Seaver says "we are active, we are looking, and our investors are happy." Listen on Itunes

Recorded on April 20, 2023 https://www.youtube.com/watch?v=ePS7H04mnhw Episode 82 of the PetroNerds podcast is part two of the incredible double header with Daniel Seaver, VP of Midstream and Marketing, at Fundare Resources. Fundare is a private operator in Denver that is actively drilling in the DJ (Denver Julesburg) Basin in Colorado. The frank dialogue on the state of the industry, the trajectory of oil prices, and regulations and business dynamics in Colorado and beyond continues. Trisha and Daniel get into private operator behavior, their nimbleness and flexibility, and the rock opportunity and upside. They get into M&A in the context of a recession. Trisha says "We are not in a bull story for oil demand." They talk about inflation, the tight labor market, and the inability to get people interested in the oil and gas industry. Daniel shares his insights and stories about attracting younger people into the sector. They discuss the movement against oil and gas in the context of hiring, M&A, generalist investors, and the industry's role in helping to demonize oil and gas. They talk about politics, regulation, and the need for education and the industry's role in helping to educate and tell their story as operators and business leaders. Daniel asks questions and Trisha says "this Administration has directly contributed to high oil prices" and "this business will not last under incredibly aggressive politics. Listen on Itunes

Recorded on May 12, 2023 and April 18, 2023 https://www.youtube.com/watch?v=9al6BcEgB3w Episode 83 of the PetroNerds podcast is Washington, DC special on US shale, investment, and energy security. This is a must listen to episode that crams a lot of intel and a lot of laughs into a short 30 minute presentation. Trisha discusses US shale production in the context of a unique and unprecedented regulatory evenoment and investor pressure surrounding the energy transition and ESG. She covers shale production, productivity, the role of public vs. private operators, and the G7 Energy Communique which barely allows for natural gas investment. Trisha explains clearly that the messages being sent from the top, from government regulators and policy makers, across the globe, is damning for the investment climate in oil and gas. Trisha introduces this podcast with a fresh market update as of May 12, 2023 covering everything from this week's inflation data to commodity prices and softness in China to the debt ceiling standoff. She also talks about her recent trip to Midland, Texas and the must read Financial Times article that PetroNerds was quoted in, twice, "Falling crude prices and recession fears bring US oil and gas rally to a halt," May 7th, 2023. Listen on Itunes

Recorded on May 22, 2023 and May 2, 20233 https://www.youtube.com/watch?v=bNXLljUeXJ4 Episode 84 of the PetroNerds podcast is a soup to nuts market update taking you around the world and back to the USA. This presentation pushes the envelope, getting into industry groupthink and the need to rethink the investment thesis in oil and gas and move away from the energy transition narrative. This was Trisha Curtis' talk to the SPE (Society for Petroleum Engineers) Permian Basin chapter in Midland, Texas on May 2, 2023, "Crude Volatility: From US Shale to ESG to the War in Ukraine." Before diving into this in depth presentation, Trisha provides listeners with a fresh market update covering the debt ceiling saga, range bound oil prices, Chevron's purchase of PDC, Jamie Dimon's comments about 7 percent interest rates, and Chinese economic growth and debt concerns. This is part one of this the SPE talk and covers groupthink in the oil industry around high oil prices, oil demand, the SPR and the regulatory environment in the US, the G7 Communique and the poor investment signals for oil and gas, the movement against oil and gas, IEA Net Zero 2050 and the crippling impacts to oil and gas demand by 2030, global oil and gas consumption, inflation, and labor issues. Trisha gets into share buybacks, the low reinvestment rate in US shale, and the need for oil and gas companies to tell their investment thesis and story and explain how you make money in oil and gas and why we need to continue to invest in oil and gas. Listen on Itunes

Recorded on June 4, 2023 and May 2, 2023 https://www.youtube.com/watch?v=be6okeL4PNQ Episode 85 of the PetroNerds podcast is your complete market update following the US debt ceiling deal, this weekend's OPEC meeting and the surprise 1 mbd cut by Saudi Arabia, and part 2 of Trisha Curtis' talk to the SPE (Society for Petroleum Engineers) Permian Basin chapter in Midland, Texas on May 2, 2023, "Crude Volatility: From US Shale to ESG to the War in Ukraine." The second half of this presentation covers inflation, the economy, the Fed and Interest rates, oil demand, housing, and debt and delinquencies. Trisha gets into OPEC cuts, OPEC cutting into a recession, the deteriorating market underneath oil demand, resilient Russian production, the war in Ukraine one year on, war fatigue and cost, China, China and CO2 emissions, and China and Russia. Listen on Itunes

Recorded on June 12, 2023 and May 25, 2023 https://www.youtube.com/watch?v=24mxsHDmb_s Episode 86 of the PetroNerds podcast is part one of an incredible two part special with Liberty Energy's Director of R&D, Roy Aune. Trisha Curtis sits down with Roy at Liberty's office to discuss the state of the frac market and the evolution of frac, the role of natural gas, Tier 2, Tier 4, Dual Fuel for Tier 2 and Tier 4, and the electric frac fleet. Roy talks about the trends of the market and where Liberty is going, the move towards 100 percent natural gas and the Digi frac suite of technologies. This move is about emissions, but it is also about cost. Trisha and Roy discuss the impetus behind electric frac and what drove Liberty's pursuit. They get into field gas and the lessons of field gas. They talk about the white paper Liberty Energy put out "The Next Generation of Fracturing Fleets, A Liberty ESG Evaluation," the Btu requirements for gas, critical aspects of the supply chain and management of logistics, the benefits of Dual Fuel and the differences between Tier 2, Tier 4, and Dual Fuel engines and what the market is currently made up of. This conversation explains the EPA standards, engine and maintenance costs, and the the pros and cons of each set up. The first part of this two part special closes with what an electric frac fleet actually is, how it is powered by natural gas, how it works, and what the electricity requirements are and why gas works well to generate that electricity. This is a must listen to podcast for everyone in and outside of the oil and gas industry. https://www.libertyenergy.com/technical-papers/the-next-generation-of-fracturing-fleets-a-liberty-esg-evaluation/ Listen on Itunes

Recorded on June 21, 2023 and May 25, 2023 https://www.youtube.com/watch?v=4ES0bJpKDLQ Episode 87 of the PetroNerds podcast is part two of the incredible double header and two-part special with Liberty Energy's Director of R&D, Roy Aune. Before continuing this discussion on the evolution of frac and what differentiates Liberty's electric frac, Trisha provides listeners with a fresh market update, getting into the weeds on China and Biden, why some in the market are still bullish on oil in the second half of 2023, and the Fed and sticky inflation. Trisha takes the time to walk listeners through what is going on with China's economy, the forced labor in Xinjiang, and why and how it relates to energy and supply chains, especially in wind and solar. The second half of Trisha's conversation starts with Roy explaining Liberty's first Digi frac pump, the EPA requirements and evolution of getting these engines to be road mobile, ability to electrify locations with the electric frac suite of technologies, and how much power is actually needed. Most importantly, Trisha and Roy talk about the impetus and drive for electric frac, what it is really about, and the massive cost savings on fuel that electric frac offers by running 100 percent natural gas. Operators are pushing for lower emission frac in the name of ESG, but they are also pushing for cost savings, and the frac industry needs a reason to build out this technology. A $15 to $20 million per year fuel savings per fleet provides that incentive and basis to invest. They discuss the actual CO2 emissions reductions based on switching from diesel to natural gas and additional efficiencies, as well as the Quiet frac fleet, pioneered by Liberty and spearheaded by Roy and his colleagues. https://www.shu.ac.uk/helena-kennedy-centre-international-justice/research-and-projects/all-projects/evidence-briefs Listen on Itunes

Recorded on July 12, 2023 and June 9, 2023 https://www.youtube.com/watch?v=rj2Xtx83yF4 Episode 88 of the PetroNerds podcast is a rapid fire heaving hitting talk Trisha Curtis gave in Dallas, Texas at the Oklahoma Petroleum Alliance's Annual Meeting. Trisha was asked to give a keynote address covering commodity markets and everything happening in the US and worldwide in 30 minutes. She did it and the audience feedback was stellar. She covers everything from public vs. private operator nuances and behavior, unappreciated ESG and investor pressure, the US and global economy, and why China's role in energy, climate, and the energy transition matters so much. The episode tarts with a fresh and quick market intro. This is the first in a series of star studded PetroNerds podcasts you are not going to want to miss! Listen on Itunes

Recorded on July 27, 2023 and June 9, 2023 https://www.youtube.com/watch?v=Oy7JPBSbzXc Episode 89 of the PetroNerds podcast is Trisha Curtis' in-person interview and conversation with Harold Hamm, former CEO of Continental Resources and now current Chairman of the Board. Trisha and Harold cover the US shale patch, domestic politics, and the global outlook on oil prices. They get into the Bakken, the Powder River Basin, taking Continental private, the macro outlook, and much much more. This is a nerdy detail-oriented podcast that is a must-listen to episode for all market players, both public and private. Trisha asks Harold about the Bakken and if Continental knew what they had in the beginning? "Sure we did." Trisha frontloads this podcast with a deep market dive and recap on what is currently moving oil prices. She covers the whipsawing economic views out of the US and China, Fed moves, rate hikes, inflation, and work from home driving inflation and problems. She talks about China's poor economic data and the China map in the Barbie movie. This is an absolute show stopper of a podcast. Watch, listen, and share it folks! And reach out to PetroNerds via the website (https://petronerds.com/contact/) LinkedIn, or Twitter if you are interested in teaming up with PetroNerds for podcast sponsorship. Listen on Itunes