Great stuff as always. I appreciate your self-analysis and willingness to call yourself out on misses for the good of the dialogue/edification. It’s a sure sign I’m consuming the right material each week.
Arjun. Appreciate the effort you put in every week to keeping us all informed! A topic. Why haven’t gassy US E&Ps integrated into producing electrons? Gas turbine plants are fairly cheap, very efficient and can be demand cycled easier than anything else of scale. I expect the grid put in for wind is under utilized (most of the time). Have wondered this for a decade and the recent XOM announcement makes me think about it again. Would appreciate your thoughts on this. Thanks and happy holidays!
Thank you Steve C! I get the question but the power business is really quite different from upstream production. On your point, I would highlight Total Energies as having essentially done that...a logical "new energies" business opportunity for them. I will say that I do think a number of companies are evaluating the opportunity in power.
Hey Arjun, Thanks for the update and will look forward to the 2025 prognosis. As an old rig rat some of the depictions of operations absolutely make my skin crawl. I want to pull a STOP card on virtually every operations activity they show. But as you said the show creates an atmosphere that reminds me of how the oilfield was when I started out in the early 80's. It was truly the Wild West in those days. Most of the 'cowboys'-not a complimentary term in this case, have been run out of the business or Killed by Death, (with apologies to Lemmy). Most of what's left are highly efficient corporate types at the management level that Billy Bob-like you I've also noted the paternal tone of some of his explanations about energy, plays, and the rough necks and roustabouts, who never seem to really change and are accurately portrayed in the show. Cheers and Merry Christmas, Dave
Thanks Dave. Interesting to hear that there may be some legacy "truth" to the HSE depiction from a few generations ago. I am a big Lemme fan...might need to resurrect my playlist commentary. Merry Christmas! Arjun
Speaking of the two industries, oil and Wall St. (oil and Bay St. here in the perhaps-maybe-one-day 51rst state), I can't think of many movies that depict either industry accurately. Although it's set in a struggling real estate firm, Glengarry Glen Ross (1992) I think does a good job of capturing the general atmosphere of some of what happens in some areas of the business. When I was starting out we'd often quote lines from Glengarry because they were so fitting. I'm trying to think of a single movie that portrays the oil business in a realistic way, there might be but I haven't seen it.
Happy Holidays, Arjun! Your work shared here is much appreciated.
One can note that TV and movies often visit everything bad that has ever happened to anyone in the realm portrayed upon their protagonists. Sheridan's 1883 was a case in point with wagon trains. A Vietnam vet friend points out that most war movies do the same thing. So here we are five episodes in with four deaths and multiple non-lethal injuries. Not realistic, but not going to stop either. I love the show, anyway.
Great stuff as always. I appreciate your self-analysis and willingness to call yourself out on misses for the good of the dialogue/edification. It’s a sure sign I’m consuming the right material each week.
Have a blessed 2025!
Thank you NTX and always appreciate your engagement and support!
Arjun. Appreciate the effort you put in every week to keeping us all informed! A topic. Why haven’t gassy US E&Ps integrated into producing electrons? Gas turbine plants are fairly cheap, very efficient and can be demand cycled easier than anything else of scale. I expect the grid put in for wind is under utilized (most of the time). Have wondered this for a decade and the recent XOM announcement makes me think about it again. Would appreciate your thoughts on this. Thanks and happy holidays!
Thank you Steve C! I get the question but the power business is really quite different from upstream production. On your point, I would highlight Total Energies as having essentially done that...a logical "new energies" business opportunity for them. I will say that I do think a number of companies are evaluating the opportunity in power.
Hey Arjun, Thanks for the update and will look forward to the 2025 prognosis. As an old rig rat some of the depictions of operations absolutely make my skin crawl. I want to pull a STOP card on virtually every operations activity they show. But as you said the show creates an atmosphere that reminds me of how the oilfield was when I started out in the early 80's. It was truly the Wild West in those days. Most of the 'cowboys'-not a complimentary term in this case, have been run out of the business or Killed by Death, (with apologies to Lemmy). Most of what's left are highly efficient corporate types at the management level that Billy Bob-like you I've also noted the paternal tone of some of his explanations about energy, plays, and the rough necks and roustabouts, who never seem to really change and are accurately portrayed in the show. Cheers and Merry Christmas, Dave
Thanks Dave. Interesting to hear that there may be some legacy "truth" to the HSE depiction from a few generations ago. I am a big Lemme fan...might need to resurrect my playlist commentary. Merry Christmas! Arjun
Merry Christmas and happy holidays Arjun,
Speaking of the two industries, oil and Wall St. (oil and Bay St. here in the perhaps-maybe-one-day 51rst state), I can't think of many movies that depict either industry accurately. Although it's set in a struggling real estate firm, Glengarry Glen Ross (1992) I think does a good job of capturing the general atmosphere of some of what happens in some areas of the business. When I was starting out we'd often quote lines from Glengarry because they were so fitting. I'm trying to think of a single movie that portrays the oil business in a realistic way, there might be but I haven't seen it.
Merry Christmas Investor! Thank you for all your engagement and support this past year. I'll have to rewatch Glengarry Glen Ross.
Happy Holidays, Arjun! Your work shared here is much appreciated.
One can note that TV and movies often visit everything bad that has ever happened to anyone in the realm portrayed upon their protagonists. Sheridan's 1883 was a case in point with wagon trains. A Vietnam vet friend points out that most war movies do the same thing. So here we are five episodes in with four deaths and multiple non-lethal injuries. Not realistic, but not going to stop either. I love the show, anyway.
Thank you so much Paul. It is the quality of my subscribers that keep me going, so your comment is very much appreciated.
And well said on the reality of TV/movie writing.