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

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

Welcome back to another episode of Oil and Gas this week. You're listening to Episode 134. What's up, Mark?

It's cold, Jake. It is super cold. It was like 25 degrees when I left the house this morning.

Yeah. And I know the rest of the country is probably playing violins for us having to deal with 25 degree weather, or they're dealing with below zero weather. But if you live in Houston, 25 degrees is cold. It is absolutely freezing. I am not built for the cold. I'm looking forward to this summer already. Yeah, me too. Although you watch, you and I'll be bitching about the summer being too hot when it gets your coming in September. We'll have to remember this day. So this is First Friday Q&A. Before we get into it, if you enjoy the show, help support it, please. All you have to do is leave us a review. It takes three minutes. It's the number one way to support the show, so we appreciate you leaving us review. First Friday Q&A, it's where we try to answer the questions that you ask us.

So Jake, let's go ahead and jump into it. Start with the first question. Cool. First question is from Parker Monta Rubio. He says, hi guys, new to the industry and recently discovered your podcast. I find it very helpful in learning and keeping up to date with the market. My question relates to your views on technology within the industry. How do you see Blotene Technology penetrating the oil and gas industry, if at all?

Where would it be most advantageous? Ooh, what a great question. You want to jump in there? You want me start? You can take it first, and then I'll jump in. Okay, so the whole thing about blockchain technology, and people has probably seen a whole bunch about some of the cryptocurrencies that have been just like going through the roof and value and it's basically blockchain

technology is basically a open ledger type of technology so when you attach blockchain to stuff

you can actually see where everything has come from where it went, and there's no way to hide anything.

So the cool thing about oil and gas is it applies in so many places.

Think about supply chain.

If you drops a blockchain technology and supply chain, people can make sure that it's getting paid fair,

that their vendors aren't scalping them.

The vendors can make sure that whatever they're selling to their clients ends up where it should be and is used properly. And it would just add a total layer of transparency,

which would lower the cost for everybody and also increase everybody's margins. The other thing

that's new in oil and gas is cybersecurity threats. It's because there's so many new points

of entry because of the new technologies we adopted, there's so many new points of entry because of the new technologies

we adopted, there's so many new places for the bad guys to come in. And so blockchain technology

would overlay exactly right there and help improve cybersecurity. And then, you know, oil and gas,

we're always talking about getting oil on the ground or what's going on in pipelines or refining

it. But there's a huge world of trading globally

in oil and gas, right? It's one of the few global commodities. And so if you use blockchain in the

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