May 2019 Oil Market Analysis – Commodity Research Group

05/16/19 • 36 min

EKT Interactive

Previous Episode

Digital Transformation Challenges in Oil & Gas - with Jim Crompton

Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.

Transcript

A 19-minute discussion with Jim Crompton, Adjunct Faculty Member at Colorado School of Mines, narrated by Marty Stetzer – President of EKTinteractive in Houston.

Jim has a long history in following IoT applications in upstream oil and gas. Today, he discusses his topic for the upcoming DDDP conference: Progress made in the last 5 years in Digital Transformation of the industry How to produce more productive barrels.

Topics for discussion:

The Hope – the business case for what Jim calls the Digital Oilfield 2.0.
The Hype a variety of emerging digital technologies that may have potential.
The Current Reality – numerous pilots underway by majors and independents.
Examples are given in field operations, artificial lift, logistics optimization, etc.
The Challenge managing change is not often understood or well resourced.

About the Experts

Jim Crompton

“The future is already here, it is just not widely distributed yet” – William Gibson.

After six years at university, and 37 years working in the oil patch for Chevron you would have thought that Jim would have had enough.

But no Jim leads Reflections Data Consulting LLC to continue his work in data management and analytics for the Exploration and Production industry, including:

1) Improving the Data Foundation for Oil & Gas companies.

2) Advancing the capabilities of modeling and advanced analytics as applied to gaining greater insight into the performance of the digital oil field/integrated operations.

3) His other passion is mentoring the next generation workforce or digital engineers, geo-scientists and information technology professionals.

Marty Stetzer

Marty is President of EKTinteractive in Houston. He is currently producer-director for Oil-101, our popular, mobile-ready series on “How the oil & gas industry works” that covers upstream, midstream and downstream operations fundamentals.

The EKTinteractive learning community is continually updated on important topics with podcasts from industry experts.

He brings 30 years upstream and downstream management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.

He has been a consultant to U.S. and international oil and gas and companies since 1986, including 13 years with PriceWaterhouseCoopers.

Like many of his team, Marty is active in the SPE and often presents at industry forums.

Relevant Links:

OnePetro – SPE

Upstream Intelligence

Jim Crompton on Linkedin

Email Jim

World Oil

Oil & Gas Journal

Sponsors:

EKT Interactive Oil and Gas Podcast Network

Oil 101 A Free Online Introduction to the Oil and Gas Industry

The post 2019 Digital Transformation Challenges in Oil & Gas – with Jim Crompton appeared first on EKT Interactive.

Next Episode

Talkin' Oil Markets with Andy Lebow and Edward Meir May 23 2019

Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.

Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.

In this podcast, Andrew Lebow and Marty Stetzer discuss oil markets and metals with Ed Meir.

About the Experts

Edward Meir

Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.

Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.

Andrew Lebow

Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.

Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.

Marty Stetzer

Marty Stetzer is president of EKT Interactive Oil and Gas Training.

Marty has been a consultant to U.S. and international oil and gas companies since 1986, including 13 years with PriceWaterhouseCoopers.

He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.

Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.

Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.