The Crude Life Podcast Episode 24
February 24, 2020
Guests/Topics:
Joel Brown, MineralTracker.com, grew up in Watford City, North Dakota, and describes some of the changes that have happened since his childhood. Brown recalls sweeping floors and working other duties around his grandfather’s oilfield service shop as a child.
Brown talks about an evaluation study MineralTracker has been commissioned by the state of North Dakota for all 2.6 million acres of state-owned minerals. As of right now those minerals do not have a valuation, Brown said the study should be finished by July 2020.
The study will look at each of the wells already producing royalties for the state and consider future production and revenue that could come from each well as part of its valuation. Wells tend to produce the most oil the first year after they are drilled, with a declining following.
MineralTracker.com is a management software that can organize, audit, and track income for royalty interests. It also allows mineral owners to compare actual royalty payments to expected payments based on well performance and a proprietary and Bakken-specific reservoir model built by MineralTracker’s petroleum engineers.
Mike McMahon, EcoVapor Recovery Systems, discusses some solutions to flaring and ways to manage emissions in the oil fields. McMahon shares an example of a project they worked on with Shell.
Daily Headlines:
Democrats courting Oklahomans seek limits on oil and gas production
Oil industry is slowly finding a use for its wastewater
‘Mad’ Mike Hughes dies in rocket crash
Sponsor: Clark Energy Consulting
Clark Energy Consulting is an advisory firm that provides market research and commentary specifically for investment, consulting, and industry professionals focused in oil & gas. They deliver impact to clients by bringing generational industry experience and insights to the broader industry. They advise on topics ranging from market & growth strategy to investment & risk analysis. Their goal is to develop lasting and rewarding relationships with our customers and friends.
This election year, Clark Energy Consulting is launching a 2020 campaign called “OG Briefs” designed to provide regular updates on oil price, current events, and outlooks on the sector via podcast, articles, reports, and briefings. Subscribe for free insights at www.clarkenergyconsulting.com, and stay tuned for more to come!
Featured Event: Illinois Oil and Gas Association 2020 Annual Convention and Trade Show The 74th annual convention is happening in Evansville, Indiana March 3-5. Hundreds of independent oil and gas producers and vendors from Illinois and surrounding states will be on hand to learn from industry experts about current trends, challenges and regulations in our current industry environment. Not only are the general session topics interesting and educational, but the networking opportunities can’t be beat.
The Earth’s Champion Johnny Green’s Eco-Watch: Building one wind turbine requires 900 tons of steel, 2,500 tons of concrete and 45 tons of plastic.
Planet Service Announcement:
Links to Exclusive Interviews:
Joel Brown, MineralTracker.com
Mike McMahon, EcoVapor Recovery Systems
The Crude Life Music Crossover: The Moody River Band
Studio Sponsor: Hatch Coaching
Phone Line Sponsor: Bakken BBQ
The Crude Life Podcast can be heard Monday through Thursday with a Week in Review every Friday.
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