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Oil and Gas This Week

Largest Lease Sale in US History | “Permania” Coming to an End? | Middle East Oil Crisis Heats Up – OGTW128

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 4 November 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

  In this Episode of Oil & Gas This Week – Zinke announces largest oil & gas lease sale in US history, OPEC’s newest member looks to increase oil production output, the Permian Basin’s boom may be coming to an end, Traders are betting on $100 oil in 2018, The Oil Crisis in the Middle East […]

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 ending.

0:19.4

Welcome back to another episode of Oil and gas this week. You're listening to episode

0:22.7

118. What's up, Mark? Jake, it's fall in Houston. It's below 90 degrees. I know. I actually

0:30.1

had to wake up and put a sweater on this morning, but then as soon as I got to lunch, I was

0:33.5

absolutely just drenched in sweat. So I don't know what's going on. That's Houston Weather Forest Rights right? It's the only place I lived anywhere in the world where you run the air conditioner heater in the same day and you think that's normal. I know. Yeah. So before we get into today's show, I want to talk about reviews. If you want to support the show, the best way that you can help us support the show is leave us a review. Leave us a review in iTunes. It takes all of a minute or two. You can do it from your mobile device now. We've had some great reviews, Jake. First one, great weekly recap with interesting topics by SBHL from the USA. A fantastic job with the podcast, improvements. Sometimes the volumes on the mics are completely different. Yes, we know. So we're working on that. Actually, this show should come out perfect. Future suggestions. It would be nice to have a variety of podcasts, energy, finance, economics, new technology, geopolitical news that's in the works. We have some new podcasts come out. It's funny. He mentioned that. Yep, great review. So thank you very much. Next one by, this is a great name,

1:28.0

Petrosaurus Rex from the USA, high quality podcasts. Very well research show, love the content,

1:33.2

keep up the great work. I look forward to the next episode. And then finally, pumps me up.

1:37.7

I love that from Alien 654. I love this podcast. Mark and Jake do a great job of keeping up to date

1:43.0

with the latest technology and news going on in the industry.

1:45.6

Their perspectives get me excited for what the future has to bring. And you know what, Alien 654, we're excited for what the future has to bring in our industry. Our industry is moving and shaking. There's a lot of change going on. Jake, I'll be doing my

1:57.8

2018 predictions in November sometimes. So we'll look at some of that for the future. But now

2:03.2

it's a perfect time, Jake, for us to jump in the news stories. What you got going on? All right. First up, Ryan Zicki announces the largest oil and gas lease sale in U.S. history. So the Secretary of Interior, Ryan Zinky, which I just now found out today. I don't know why I didn't know this before. He was actually a Navy SEAL commander. I don't know. Do you know that? No, I didn't know that. Good for him.

2:22.3

I mean, I love having veterans in our current administration. It's awesome. Yeah, I just did a quick Google search and, like, turns out like he wrote a whole book about it. He was, I think he was on the team that commanded capturing Osama bin Laden and a couple of the other like big missions

2:34.5

and stuff. So this little side note. Anyway, so you announced a proposal for the largest oil and gas

2:38.0

lease. commanded capturing Osama bin Laden and a couple of the other like big missions and stuff. So this little

2:35.4

side note. Anyway, so you announced a proposal for the largest oil and gas lease sale in U.S.

2:39.0

history totaling 79 or 76.9 million acres in the Gulf of Mexico, which we talked about this a

2:44.6

little bit before, but I think now it's actually coming to fruition. So they're offering them lease sales

2:49.4

and federal waters and lands, which is,

2:51.5

you know, obviously one of the biggest things that the Trump administration can do to show that

2:55.0

it is supportive of the oil and gas industry. But also like we've talked about, even though

...

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