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Oil and Gas This Week

First Friday Q&A on Oil and Gas This Week – OGTW169

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 4 April 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

Welcome back to another episode! This week’s episode is our First Friday Q&A for March. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month’s FFQA, click the link below. Enjoy! Have a question? Click here to ask Show […]

Transcript

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0:00.0

You're listening to the Oil and Gas This Week podcast with Mark LeCour and Jake Corley.

0:12.4

This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry.

0:18.9

What's going on, guys?

0:19.8

Welcome back to another episode of the Oil and Gas This Week podcast. He caught me on. I couldn't remember what podcast you're on. I don't know which podcast I'm recorded. Oil and gas this week podcast, episode 169. And of course, I'm here with Mark LaCore. What's going on in? Man, we're just all so busy. But this is cool. This is a first Friday Q&A.

0:38.1

And if you listened to us,

0:38.8

many length of time,

0:39.4

you've heard us talk about for the first time ever last month.

0:41.9

We got one question. And I'm telling you, audience, thank you. This opened up the floodgates. We got so many questions in after we mentioned that. Unfortunately, we couldn't fit them all in here.

0:50.3

We also got some reviews.

0:51.6

So great protests, great pot.

0:53.3

Listen to me.

0:53.7

I'm stoned over the world podcast too, Jake.

0:55.8

Great podcast to keep up to day on the oil and gas industry. We also got some reviews. So great protests, great pot. Listen to me. I'm stoned over the word podcast too, Jake.

0:55.8

Great podcast to keep up to day on the oil and gas industry. This is a wonderful way to keep up with the industry news and stay up to date. I live on the west side of Houston and listen to the show during my long commute to work and back. Enjoy listening to your perspective and always look forward to new episodes and latest happenings. And that was from Adi Mata 1 from the USA.

1:12.2

And if you don't know about Houston traffic, literally this person's commute from one in Houston to the other in the morning at Rush Hour could literally be an hour and a half, maybe even two hours. So I guess Jake is another reason we need to step our game up a little bit. That's exactly why I'm moving in the city. Or Adi Maya, you need to listen to listen to other podcasts, including Jake and Collins' all-and-ass startup

1:28.9

podcasts.

1:29.3

That might fill in that extra time. Yeah, so if your commute's that long, you really want to hear me talk some more, go listen to that. And we got a bunch of, we got six of them. So if you get tired of Jake, we have other great talent out there as well. But Jake, it's first Friday Q&A. let's get into questions. All right. So we get a question from Dylan, who's kind of anonymous other than the name. They write, I know someone in charge of P&A on a very small asset group in the Asia Pacific. He has over 900 wells that need P&A, but it always gets pushed back due to industry climate. Worldwide, the amount of wells that need P&A would be astronomical, and I assume they've had the same problem regarding they're being pushed back. My question is eventually, could this be part of the industry

2:04.3

that is due for a huge boom for jobs? And the secondary question is that shell wells have a majority

2:10.7

of the production in the first two years. So how many years on average until a shell well is not

2:14.5

economical and needs abandoning? The amount of wells in the

2:17.7

Permian alone that would need abandoning at some point is huge. Yeah, so let's start with the

2:22.6

first part. P&A, if you don't know, is basically plug and abandon. It's a process to take that

...

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