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Oil and Gas This Week

First Friday Q&A on Oil & Gas This Week – OGTW137

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 12 February 2018

⏱️ 21 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. […]

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.

0:18.8

Welcome back to another episode of Oil and Gas This Week. You're listening to Episode 137. What's up, gang? Hey, we're at NAPE, North American Prospect Expo. It's actually cold outside. We have guests, but this is our first Friday Q&A. Yes, it is. Yeah. So we have a page from All Against Industry Leaders on the show. How are you doing, Paige? and we got chris from totaland doing great yeah chris glad you how you're here you're here for a very specific reason which we'll get to so if you want to support the show do me a favor leave us a review it's the easiest cheapest the best way to support the show just go to iTunes give us a review make it five stars stars, please. We'll take anything, one to five stars.

0:55.2

So please, please, please, go leave us a review. Like I said, this is first Friday Q&A. We take your questions all month long, and the first Friday we actually answer them. If we pick your question, we give a big shout out on the air. Jake, let's get the first question. Cool. The first question is from Neil Hutton. He writes, Mark and Jake. Thanks for the podcast. I really enjoy it because in my

1:12.9

current position, I'm very isolated from technical First question is from Neil Hutton. He writes, Mark and Jake. Thanks for the podcast.

1:11.8

I really enjoy it because in my current position, I'm very isolated from technical staff

1:15.4

since I am currently working as a chemical account manager in the field.

1:19.7

On to my question.

1:20.7

Do you think a production company could be run using road principles and a big portion of the

1:25.3

technical staff working remotely?

1:27.4

I think this could be a great way to attract older professionals that want to work from the retirement home and a younger generation that wants to work, but still be able to travel. Thanks for your advice. So can you do it? Yes. Is the culture of oil and gas to the point where they will embrace this? Not yet, but it's starting to happen. I mean, you and I both see a lot of companies where a lot of their employees work remote. Chris, y'all have remote employees? Yeah, we definitely have remote employees. Yeah. So I think from a technical point of view, yes, you can do it. I still think the culture needs to change a little bit in that industry before companies start adapting this. Yeah, I mean, I mean, he asked specifically about a production company. So obviously, you know, you've got your field personnel, which need to be on site. So they can't work remotely. But as far as the office staff, yeah, 100%. There's no reason that you can't do that remotely. He mentioned the acronym Roe. What does that stand for?

2:12.3

Roe stands for results. Result only work environment. I thought it was like right of away in easement. I was going to go for right away. I mean, that made sense to me. It's a management strategy. And it's, it's been around, I think, the late 80s, early 90s, but that's what they use at Best Buy. It's how they work. Oh, I used to work at Best Buy, so I don't know why I don't know that.

2:35.8

Maybe they didn't tell you. They probably didn't. I was back in the 70s, so they probably changed your mouth. All right. So hopefully we answered that one for Neil, but yeah, Neil, you can do it. I just don't think the culture's there at the industry dot. But I tell you what, as we head into the future and we face this bigger and bigger talent shortage, stuff like this will

2:51.9

become more and more important.

2:53.1

Yeah, definitely.

2:54.4

Next question is from John Mayweather. He's a landman apprentice at somewhere. He writes, hey, Mark and Jake, love the show, and I've been listener all through school. I have graduated and working as a landman apprentice. Here's my question. There has to be a better way

3:07.7

to assemble abstracts. It takes a ton of time and I just feel as things are picking up on that land, there has to be a better way. Keep rocking the mic. Yeah. Thanks, John. It's, that's the whole reason we have Chris on the answer. So first thing, I'm not even sure what an abstract is. What is that? Well, Abstack is going to be a compilation of documents that kind of proves the title for a piece of property.

3:27.7

So, I is going to be a compilation of documents that kind of proves the title

3:25.3

for a piece of property. So, I mean, obviously you're going to do a lot of abstracting when you're

3:31.6

going to drill a well when you're doing kind of leasehold tract ownership type stuff. So an abstract

3:39.1

is very important in the oil and gas industry in general. So for us,

3:44.7

for Total In, we have an abstract assembler that helps gather all those documents. You can put them in

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