#017: How Podcasting Changes the Conversation in the Oil & Gas Industry

Today on the podcast, Phil chats with Mark LaCour, a former market researcher who now produces some of the top podcasts in oil and gas. They chat about how he got started with the first podcast and how this led him and his team to create a number of other podcasts about the oil and gas industry. He shares what he has learned from the younger generation in the workforce about learning and networking. Mark also discusses a new AI technology he is developing to make recruiting the right employees for oil and gas much easier.

Here are some of the things you can look forward to in this episode:

  • What happened that led Mark to the oil and gas industry
  • His first company and how it has changed
  • Why he started the very first podcast
  • How his podcast network has grown since the initial launch

Highlights:

2:05 How Mark got started in oil and gas
4:57 Why the different sectors of the industry are so compartmentalized
6:39 The root of inefficiencies in the oil and gas industry
7:44 What ModalPoint is
9:43 How he got started with the first podcast
11:47 The current podcasts he runs and upcoming podcasts
13:07 Why a small, niche podcast is better
13:42 The hardest part about running his podcasts
15:02 What the Oil & Gas Global Network is
16:21 What Mark speaks about to other businesses
17:53 Mark’s happy hour events and how the younger workforce learns and networks
21:52 A software that Mark is developing
24:04 Challenge for the industry to change the negative public perception

About Mark LaCour

Mark has lived at the intersection of Oil and Gas and Technology for over 20 years. Later he started his own market research company and has a well-earned reputation as an industry “insider” and independent 3rd party researcher. This led to him becoming a part of the new media, where he has the top podcasts in the oil and gas industry. He is a sought after public speaker, author, sits on several oil & gas boards and has one of the top oil & gas presences in social media.

Connect with Mark:

Facebook | LinkedIn | Twitter | ModalPoint | ModalPoint Facebook

Connect with Oil & Gas Global Network:

Facebook | LinkedIn | Twitter

Oil & Gas Global Network podcasts:

Oil and Gas This Week Podcast
Oil & Gas Startups Podcast
Oil and Gas Industry Leaders Podcast
Red Wing’s Oil and Gas HSE Podcast
Oil And Gas Legal Risk Podcast
Oil & Gas Onshore Podcast

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#016: NAPAC Vendor Chats: The Businesses that Support Your Oil & Gas Company

In this episode of the podcast, Phil sits down with a few vendors in the oil & gas industry while at the National American Petroleum Accounting Conference (NAPAC) in Dallas, TX. He chats with each vendor about the company that they work for and what products and services they offer for their clients. You will hear about different companies that help make running an oil and gas business a lot easier. If you have been looking to simplify your oil and gas business, then you will want to tune in and hear about these vendors offer.

Here are some of the things you can look forward to in this episode:

  • Discussions with professionals from various organizations about their company
  • A chat with a company that bridges the gap between business and technology
  • How one company helps to mitigate risks for their clients
  • What goes into planning for NAPAC

Highlights:

2:20 What Eddye Dreyer Financial Services does
3:56 The consulting services offered through Eddye Dreyer
6:06 Transition processing
7:17 How Magnum Forge helps clients choose software and implement it
8:38 Partnering with software vendors
10:42 Bridging the gap between the business and technology
13:29 Business advocates with Stinnett Associates
15:20 Mitigating risks for clients
18:24 Taking care of the backend accounting with JC Data Services
21:58 Saving clients money by eliminating unnecessary steps
25:45 Helping clients with inventory management with B & L Pipeco
28:22 The products and services B & L Pipeco offers
32:16 Finding experienced oil & gas retirees to write courses
33:17 What continuing education looks like in oil and gas
36:36 Live action classes vs. web-based classes
38:02 Planning for the NAPAC Conference

About Companies:

Eddye Dreyer Financial Services:
Eddye Dreyer Financial Services was founded to provide specialized bookkeeping for the oil and gas industry. From our humble beginnings around a kitchen table to our current offices in Dallas and Houston, much has changed in nearly thirty years. One thing that hasn’t changed, however, is our commitment to providing accurate and reliable back office services. From joint interest billing and division orders to revenue distribution and regulatory filings, Eddye Dreyer is your partner for oil and gas bookkeeping.

Magnum Forge:
Magnum Forge works exclusively with midsize to large independent exploration and production companies. We lead successful ERP selections and implementations every day with our expertise in the oil and gas industry’s software packages. Let us help you scope your needs and determine your organization’s readiness.

Stinnett Associates:
Stinnett is a professional advisory firm that strives to maximize value for public and private companies. As a certified Women’s Business Enterprise, we serve Fortune 500 and Fortune 1000 companies and small-to-large size organizations with global operations.

JC Data Services:
JC Data Solutions is a complete business solution partner. Our flat-rate maintenance plans are designed to optimize your network performance and reduce IT support costs, allowing you to focus on your bottom line, not your technology.

JC Data Solutions has over 80 years of combined experience to serve the southern Utah area. Our promise to you…” We will provide you with the best technical services in the St. George area, utilizing experienced, highly trained staff and the best customer experience you have ever had from a technology solutions company. We will make it right or your money back”

B & L Pipeco:
Consistently adhering to a customer-focused mindset and a profound sense of urgency, our customers can rely on B&L Pipeco Services to fulfill their needs 24/7/365. Our immediate response services are backed by our vast customer base of several large and small independent operators. This enables us to provide cost advantages through economies of scale and allows us to pool inventory for quick ramp up or dissolution of casing inventory. B&L Pipeco Services entails a network of products, including unrivaled mill sourcing for OCTG, vast selection of premium connections and tubular accessories, and state-of-the-art production storage tanks. Our logistics company, InCompass, is the fabric that ties all our products and services together. As a leader in the transportation industry, InCompass Logistics provides service, value, and solutions for all of our customers’ needs. We are not just another OCTG distributor. Our network of experts helps us constantly focus on how to take the pain away from our customers.

PDI:
PDI’s world-renowned Energy division delivers top quality Continuing Professional Education to the energy business – training that is on target, on-site and on budget.  Each of our program authors/instructors is a “been there, done that” professional with outstanding industry knowledge coming from decades of industry experience. All instructors have the skills to communicate, at any level, the material your employees need to be more effective.

NAPAC:
NAPAC brings petroleum industry professionals together for two days of intense and important educational sessions enhanced by lively, productive discussions. Each year, NAPAC features topical general sessions and detailed, track-based concurrent technical sessions, as well as annual reviews of important legislative updates. The conference provides access to outstanding industry experienced speakers from both the government and private sectors and informative exhibits from leading industry vendors. This perennial favorite, considered by many to be the premier oil and gas industry accounting conference, has been running for more than 40 years and remains a very highly regarded and well-attended event.

Connect with Companies:

Eddye Dreyer Oil & Gas: Website | Contact
Magnum Forge: Website | [email protected]
Stinett Associates: Website | Contact
JC Data Solutions: Website | Contact
B & L Pipeco: Website | Contact
PDI: Website | [email protected] | NAPAC Conference

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#015: How to Retain Employees and Create a Positive Work Culture

Treating employees right and creating a positive work culture will save you thousands of dollars by simply retaining staff. Today on the podcast, Phil is joined by his friend and business coach, Scott Ballard, founder of the Confidence Coach. Scott shares why employers need to focus on employee retention and creating a workplace that people are excited about. He also discusses what he does as a business coach and shares the structure of some of his coaching programs.

Here are some of the things you can look forward to in this episode:

  • A rundown of what Scott does as a business coach
  • Why employee retention is so important for your business
  • How to create a positive work culture
  • Scott’s advice about investing in your employees

Highlights:

1:44 Scott’s background and how he got into his business coaching
5:53 What coaching is from Scott’s perspective
8:55 Learning to leverage a team in your business
10:20 How coaching is similar to brain surgery
12:31 Ditching limiting beliefs
13:14 Retaining good employees and developing underperforming employees
18:20 Finding out what motivates employees internally
22:20 The cost of hiring new employees
25:38 Scott’s coaching programs
29:12 Creating a family-like culture at the workplace
33:50 The importance of investing in your payroll

About Scott Ballard:

Scott Ballard is the founder of Confidence Coach LLC and is an author, speaker and coach for business owners with employees. He has 35 years of successful business ownership as his background. The last 10 years Scott has been coaching business owners on the strategies and tactics of engaging their employees in a fun, positive, respectful way. He has worked with everything from small businesses to Fortune 500 companies and has developed five different processes/trainings that build engagement, culture and leadership within businesses.

Scott is passionate and adamant about leveraging for each company the hopes, dreams and aspirations of not only the company, but of each employee in the company; which is the greatest untapped asset in every company in the world.

Connect with Scott:

Website | LinkedIn | Facebook | Youtube | Twitter | Book

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#014: How to Track Non-Operator Interests from an Accountant

On today’s episode, we chat with Wade Cox, Senior Accountant for JMA Energy Company, L.L.C. (JMA). He discusses the in’s and out’s of working as an accountant in the oil and gas industry. You’ll find out what Wade does accounting wise for JMA, how he keeps track of their oil and gas interests and the issues that come up in his profession. He also discusses what he does outside of his work with JMA as a tax professional.

Here are some of the things you can look forward to in this episode:

  • What Wade does as a CPA in the oil and gas industry
  • Reports that simplify Wade’s career
  • Wade’s experience with using Well Profits to track their clients’ interests
  • How Well Profits has helped eliminate human error

Highlights:

1:28 How Wade Got Started in the oil and gas industry
4:40 What Wade does accounting wise for JMA
6:10 How Wade keeps track of their oil and gas interests
7:51 The issues that come up when tracking non-operating interests
9:11 Revenue disbursement rules  
12:15 What reports make Wade’s job easier as a tax professional
15:05 The importance of being able to calculate the cost depletion
16:53 Wade’s experience with using the Well Profits software
19:02 How importing data has cut down on errors and saved time
21:20 What Wade does outside of JMA in accounting

About Wade:

I attended Southwestern Oklahoma State University and graduated in 1989 with a Bachelor in Science of Finance and a minor in Mathematics. Later, I attended the University of Central Oklahoma and obtained my CPA certificate in 1995. I have been working in the oil and gas business since 1996 for a company called JMA Energy Company, L.L.C. I started at an entry level position and worked in all areas of accounting in the oil & gas business (JIB, revenue, tax and financial accounting). I started my own oil & gas bookkeeping business in 2006. Some of my clients have up to 1,100 different well interests. I have been married for twenty years and I have a daughter that is nineteen and attending college. I like to read, watch movies and I love spending time with my two Golden Retrievers, Ethel and Hazel.

Connect with Wade:

LinkedIn

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#013: Well Profits: How to Track Mineral Interest Investments

In this episode, Phil discusses a topic that is a bit different from the usual conversation on the podcast. Phil shares information about the launch of an online-cloud based application of the SherWare software, Well Profits which has been around since 1996. This transition is just the beginning of all of the SherWare applications and software moving to the web.

Well Profits is designed to help users find mistakes to get them corrected. Current users have even said that using Well Profits has helped them to save over 30 working hours per month. This powerful online application allows users to track and report on the revenue and expenses being generated by their interest. The importing capabilities and reporting system are a game changer for the Oil & Gas industry, saving users both time and money.

Here are some of the things you can look forward to in this episode:

  • An overview of Well Profits and what the application does
  • Testimonials from current users of Well Profits
  • How to get started and set up your account
  • Tips for managing your systems and procedures using Well Profits


Highlights

2:35 Why we changed our product name to Well Profits
2:40 What Well Profits does
2:55 The two superpowers of Well Profits
4:14 Making tax season a breeze
7:08 Importing revenue and expenses into the application
7:29 Saving time by setting up proper operating procedures
8:13 Phil’s favorite report to take a look at

Links to websites:

Website | Podcast | iTunes

#012: Everything Mineral Rights Owners Need to Know

In this episode, we talk with Matt Sands, the host of the Mineral Rights podcast.

The Mineral Rights Podcast is a show for you to learn about owning mineral rights. What is a lease? What taxes are involved? How do I check production for my wells? How do I calculate my royalty interest? What is a division order? I got an offer to purchase or lease, but is it reasonable? How do I read my check stub? Matt gives you answers to these and more questions about managing mineral rights and royalty interests.

Matt has over 19 years of Oil & Gas industry experience. Matt is a graduate of the Colorado School of Mines with a BS in Engineering with a Mechanical Specialty and a Minor in Public Affairs. Matt is the principal of Silverheels Investments LLC, a family-owned company focused on mineral rights advisory services and investing in minerals and royalties in select basins across the US.

Highlights

5:00 – Why Matt went to the Colorado School of Mines
6:33 – Why Minerals interested Matt
8:30 – Matt’s advice on surviving the oil & gas ups and downs
13:35 – Why the Mineral Rights Podcast exists.
16:01 – The most listened to Mineral Rights episodes
20:55 – Resources for Mineral Owners

Links to websites:

Website | Podcast | iTunes

#011: Hot Topics Underway at Ohio Oil & Gas Association in 2019

Anyone in the oil and gas industry around the Appalachian Basin knows of the Ohio Oil & Gas Association’s Winter Meeting, one of the most well-attended industry meetings on the East Coast. This meeting is well known for his keynote speakers, breakout sessions, networking opportunities and more.

In this episode, Phil talks with Mike Chadsey, the director of public relations for Ohio Oil and Gas Association about 2019’s Winter Meeting, what topics are hot that attendees will want to make sure to attend and why it’s one of the best association meetings around.

Here are some of the things you can look forward to in this episode:

  • Why the Debrossi Report has standing room only every year
  • What are the biggest topics being discussed on stage
  • What regulation issues at the federal and state levels will be discussed
  • Why it’s been a top association meeting in the industry for so long

———————-


Highlights

3:41 History and overview of the Ohio Oil and Gas Association annual meetings


7:01 Topics to be discussed in the meeting

8:39 What is the Debrossi report?

10:30 Mike’s ‘breakout sessions’

13:23 What is the value in getting into the meetings?

15:46 Other meetings hosted by the Association

Connect with Mike

Bio: Mike Chadsey serves as Director of Public Relations for the Ohio Oil and Gas Association. In that capacity, he leads OOGA’s engagement with the media in the state and continues the Association’s great work of creating and building relationships with local elected, community, and business leaders throughout the state.

Immediately prior to joining OOGA, Mike served two years as the first state director of Energy In Depth-Ohio (EID), a grassroots advocacy, research and education initiative organized in support of responsible oil and gas development.

Mike has served in a variety of roles over the last 20 years at both the local and state level working for various campaigns and office holders. He was elected by the voters of Summit County as a Board member of the Summit County Educational Service Center in 2017. He is a graduate of Kent State University with a Bachelor of Arts in Political Science. He lives with his wife, Jean Anne and their daughter Madeline and son Matthew in Green.

www.ooga.org

#010: Field Tools Transforming the Oil & Gas Industry

Thanks to technology advances, automation, and remote tracking are simplifying the way those in the field and the back office work together, creating more efficient companies that are safer, more agile and getting profitable faster.

On today’s episode, Phil Sherwood talks with Greg Archbald, CEO of Greasebook and Ken Sigmon, Marketing Manager for Blue Tick, Inc. They discuss the changing landscape for those in the field in the oil and gas industry and their respective applications and automation offerings.

Here are some of the things you can look forward to in this episode: 

• How to simplify how the back-end office gets data from the field
• How automation is coming down the pike in the oil and gas industry
• Why remote tracking in the field is making everyone safer
• How robotics could change the landscape for pumpers and more in the field

Connect with Greg Archbald
Bio: Greg Archbald, founder of GreaseBook, graduated from the Honors College at the University of Oklahoma in 2005 where he received a dual degree in Energy Management and Finance. In 2010, Greg was invited to attend ESADE’s Global MBA program on scholarship in Barcelona, Spain, ranked by both Financial Times and Business Week as one of the top international business schools in the world.

While attending ESADE, Greg was introduced to some of the mobile industry’s brightest mobile app design and development specialists. By combining their knowledge with the exposure he gained from working at his family’s business, SSI, Greg immediately recognized how much the owners of oil & gas operating companies stand to profit from mobile apps in the form of increased oil production and awareness of the employee efforts that directly affect the bottom line.
www.greasebook.com
LinkedIn
Facebook
Twitter

Connect with Ken Sigmon
Bio: Ken Sigmon is the Sales and Marketing Manager for Bluetick Inc.  Bluetick provides innovative cloud-based full end to end remote monitoring solutions for the upstream and midstream oil and gas industry.  He received his MBA from Wake Forest University and undergraduate degrees from Guilford College, B.A.Sc in Management and Guilford Technical Community College, AAS in Electronics Engineering Technology.  He spent twenty-seven years in the semiconductor industry working for Analog Devices (Sensors and Measurement) and RF Micro Devices now Qorvo (RF Telemetry) prior to making a change into the oil and gas industry utilizing his MBA education in strategic business development roles. 

www.bluetickinc.com
LinkedIn
Facebook
Twitter

#009: Nine Productivity Tech Tools to Transform Your Office

Growing and running a business in the 21st century, no matter what industry you’re in, requires knowing a little bit of everything, while still specializing in what makes your business so successful.

If that wasn’t enough, throw in the technicality of the oil and gas industry, the ups and downs and regulation changes, and you’ve inherited the role of 10 people, and that’s just during business hours.

On today’s episode learn about 9 productivity/organization + communication tech tools that make automating your office a breeze.

Here are some of the things you can look forward to in this episode:

• The best app for communication among all departments (in office and in the field)
• How to stop mindless data entry
• The best free alternative to Office (that never has to be saved!)
• How to watch your company’s PR image

Like these tools? Download our free CEO Toolkit: 125+ Tools, Favorites + Freebies to Scale Your Oil & Gas Business

Tools mentioned on this episode:
Trello
Slack
Evernote
Zapier
IFTTT
Google Suite
Google Alerts
Docsmore
Mindmeister

Connect with Mallory Schlabach
Mallory is the marketing strategist and customer happiness expert at SherWare, Inc. We specialize in oil and gas accounting software for operators, accountants, and investors to help you simplify distributions and manage investments. Find out more about us at SherWare, Inc.

#008: Marcellus Shale Geologist Takes On Climate Change Alarmists


Is climate change going to doom the world? Or is it a well-fueled agenda led by climate alarmists?

On today’s episode Gregory Wrightstone, geologist and author of Inconvenient Facts, speaks with Phil about how his career as a geologist in the Marcellus Shale led to him searching for the truth on climate change backed by science.

Here are some of the things you can look forward to in this episode:
  • How rising temps actually benefit humanity
  • Why forest fires, hurricanes and severe weather aren’t pointing to global warning doom as predicted
  • The science that most climate alarmists are forgetting
  • What global natural wonder is getting greener amidst climate change fears
  • How to convince others about the science behind climate change benefits

Find out the science behind climate change in this week’s episode.

Connect with Gregory Wrightstone 

Gregory Wrightstone is a geologist who has been investigating the Earth’s processes for more than 35 years. He received a BS and MS in geology from Waynesburg University & WVU, respectively. Gregory’s debut book Inconvenient Facts – the science that Al Gore doesn’t want you to know has received glowing reviews and has shot up the sales charts, reaching as high as #13 on Amazon best-seller list and #1 in the Environmental Field.

Greg was driven to write this book after a search for climate truth revealed that many of the supposed climate-related predicted catastrophic events were not occurring and that the most likely primary cause of our current climate change is those same forces that have been operating for many millions of years.

His science-based view of ecosystems and humanity prospering due in part to rising temperatures and increasing CO2 has led to multiple radio and TV appearances including Tucker Carlson and Fox & Friends. Gregory is a strong proponent of the scientific process and believes that climate policies should be driven by science and facts not by a political agenda.

Website: https://inconvenientfacts.xyz/
Facebook: https://www.facebook.com/inconvenientfacts.xyz/
Twitter: https://twitter.com/GWrightstone
YouTube Channel: https://www.youtube.com/channel/UCBTYfW24SKyjI01CW5lN5hw