Let’s kick-off 2016 the right way. With another First Friday Q&A episode! We discuss oil and gas bankruptcies, how to get promoted, and Coal vs Natural Gas vs Mark.
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Click Play to Hear #044: Coal vs Natural Gas vs Mark!
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Many Thanks to Everyone Who Submitted Questions!
Zachary Fogelson
First off, I am a big fan of the show, been listening for about 6 months now and it has been unbelievably helpful for me in my current job as I am new to the industry. Couple of questions for you and James.
Considering that bankruptcies do not mean production will stop for E&Ps (see link), do you think that even if a large number of firms go under we won’t see crude prices stabilize?
How long can firms remain operational after they go into chapter 11?
Name: Undisclosed
You guys often mention how much people underestimate the influence the oil & gas industry has on our daily lives and think that the only use of the oil & gas industry is fuel for road transport.
What percent of the oil & gas being produced today is needed for purposes other than non-road transport fuel?
Jeff King
VP-Finance at Channel Energy LLC
Good show. I really enjoyed it. But I cringe a bit every time you say the the oil and gas industry solved the US acid rain problem. Most of the SO2 and NOx emissions were from coal fired power plants. And government regulation was the catalyst for change.
In 1989, the U.S. Congress passed a series of amendments to the Clean Air Act. Title IV of these amendments established the Acid Rain Program, a cap and trade program that required companies to comply with new regulations and reduce emissions. But that’s a nit pick I do really enjoy your show and learn a lot from it. Keep up the good work.
Name: Undisclosed
In my current role I am a software developer. I would like to remain highly technical but also transition to trading and analysis.
What companies would you recommend I look into and what skills are most import for me to demonstrate to potential future employers?
Chris, BDM with Premier Chemical
Mark,
I’m a dedicated listener of the show and I truly prescient the time you guys invest into providing valuable content. I wanted to start by offering some clarification on a story you guys covered about Devon energy acquisitions in episode 41.
The acquisition was three parts; the first was Devon’s purchase of close to $2 billion worth of assets from Felix energy in the stack play, which is in the sooner trend section of the Anadarko basin in Oklahoma not in the Powder River basin as you guys stated.
The second part of Devon’s acquisition involved 600 million in assets from an undisclosed third-party; that acquisition was is in the Powder River basin, which is in Montana and Wyoming, not Oklahoma. The part of the deal associated with EnLink was for the a…
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