First Friday Q&A – OGTW091
Oil and Gas This Week
Mark LaCour & Paige Wilson
4.6 • 582 Ratings
🗓️ 2 December 2016
⏱️ 38 minutes
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| 0:00.0 | I'm Jake Corley |
| 0:11.1 | And I'm Mark LaGour |
| 0:12.7 | And you're listening to the oil and gas this week podcast brought to you by Bullwark. |
| 0:17.5 | This is the show for busy oil pros |
| 0:19.4 | You'll quickly want to keep their finger on the pulse of the industry. |
| 0:27.6 | Welcome, everyone. |
| 0:28.7 | This is episode 91. |
| 0:31.0 | Like always, the first Friday of the month is our first Friday Q&A. |
| 0:34.9 | This allows you guys to ask us questions and hopefully we provide you some |
| 0:39.1 | good answers. Welcome in, Jake. Hey, what's going on, man? Nothing. So if you're just now |
| 0:45.7 | joining us, Jake, who are you? Who am I? Well, Mark, we go back a few years. I've been in the |
| 0:52.0 | oil and gas industry for the past, what, three, three and a half years, |
| 0:55.6 | ran a tech startup in the oil and gas space of kind of stealthily running another one, or planning to launch another one here in 2017, |
| 1:04.9 | currently doing some consulting within this space. I'm a car guy. I love fitness. And now you're the co-host of Olling Us this week. And now I'm the co-host here. Yeah. So this is exciting. So I've gotten a lot of people messaging me on LinkedIn saying, you know, hey, congrats on the new gig. I've gotten a lot of good feedback from the first episode so far. We haven't had any hate mail. I'm still waiting for it. |
| 1:29.1 | But, you know, we'll see how this goes. Yeah, so welcome aboard again, and I've gotten a lot of positive feedback of you joining on the show. So let's go ahead and jump into a little bit of banner here. So this is actually interesting. What do you have here, Jake? so a lot of you probably heard this week that OPEC |
| 1:45.8 | finally agreed after two years to slash production. Well, it's mostly slashing production. A few of the |
| 1:51.9 | countries were able to actually walk away producing a little bit more, but most of them are actually |
| 1:57.2 | agreeing to cut production. And so we've seen, I don't know the exact number, but I know oil was at what the WTI |
| 2:03.6 | was 5150 today? |
| 2:05.6 | 5150, yeah. |
| 2:06.6 | And that's just based on the speculation of how this is going to affect things. |
| 2:09.6 | This could be interesting to see what's going over because the government's still looking to, |
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