Kunal Patel, Dallas Federal Reserve, joins This Week In Energy to recap the latest Energy Survey.
The Dallas Fed conducts a quarterly survey of about 200 oil and gas firms located or headquartered in the Eleventh District—Texas, southern New Mexico and northern Louisiana—which operate regionally, nationally or internationally.
The information collected is a valuable component of economic analysis and serves as input for Federal Open Market Committee monetary policy deliberations. Survey respondents are asked whether various measures of their firms' business activities have increased, decreased or remained unchanged relative to the prior quarter and the year-ago quarter. Responses are aggregated into diffusion indexes; positive values indicate expansion while negative values indicate contraction.
Activity in the oil and gas sector increased slightly in fourth quarter 2024, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index, the survey’s broadest measure of the conditions energy firms face in the Eleventh District, increased from -5.9 in the third quarter to 6.0 in the fourth quarter.
The company outlook index turned positive in the fourth quarter, increasing 19 points from -12.1 to 7.1, suggesting mild optimism among firms. The outlook uncertainty index declined 26 points to 22.4.
To listen to the full length interview, click here
In part two of This Week In Energy’s interview, sponsored by The Crude Life, with Christian Wallace, co-creator of Landman the series, he comments on working with Billy Bob Thornton, Ali Larter, Jacob Lofland and several other cast members,
Christian Wallace is a versatile screenwriter, journalist, and storyteller from West Texas, renowned for his deep insights into American life and culture. Hailing from the small town of Andrews, Texas, Wallace's roots are intertwined with the hardworking ethos of his family, who are cotton farmers, oil field workers, and cowboys. His upbringing in a region shaped by the oil and gas industry provided him with an authentic perspective on the lives and challenges of those connected to the energy sector.
“I grew up in a small town called Andrews. My family are cotton farmers, oil field hands, and working cowboys,” Wallace said.
Wallace pursued higher education with dual BAs in History and English from Texas State University in San Marcos. He further honed his craft by earning a master's degree in writing from the University of Galway in Ireland, combining his passion for history and storytelling into a unique narrative style.
As a journalist, Wallace gained recognition for his work with Texas Monthly and other notable publications, delving into topics ranging from rural culture to the complexities of the energy industry.
“I reported, wrote, and hosted Boomtown, a podcast about the Permian Basin. The series topped the Apple Podcasts chart in the documentary category and has more than five million downloads,” Wallace said. “Taylor Sheridan and I co-created a Paramount+ series loosely based on Boomtown called “Landman”. The show debuted on November 17, 2024.”
Landman Cast: Billy Bob Thornton, Jon Hamm, Ali Larter, Jacob Lofland, Michelle Randolph, Paulina Chávez, Mark Collie, Colm Feore, James Jordan, Kayla Wallace, Demi Moore, Mustafa Speaks, Robyn Lively, J.R. Villarreal, Octavio Rodriguez, Gareth Williams, John Patrick Jordan, Alexis Ren
Canada’s Greatest Export Terry Etam, author of The End of Fossil Fuel Insanity: Clearing the Air Before Cleaning the Air, columnist for the BOE Report and writer for Public Energy Number One, gives an update on the oil and gas activity north of the border.
Canada's oil production, particularly from Alberta’s oil sands, plays a crucial role in both domestic and global markets. As of recent data, Canada’s crude oil exports are increasingly important to U.S. refineries, making up a significant portion of U.S. crude imports.
However, Canada's oil and gas production faces shifts due to technological advancements, market dynamics, and evolving policies that aim to reduce reliance on fossil fuels.
Canada is engaged in carbon management and emission reduction initiatives as part of its climate goals. The country has been investing in cleaner technologies and exploring carbon capture and storage methods.
While these efforts are aimed at mitigating the environmental impact of its oil and gas industry, challenges remain in balancing economic growth and sustainability.
Canada is rapidly expanding its role in artificial intelligence (AI), particularly in cities like Toronto, Montreal, and Vancouver, which are home to leading research hubs.
The growth of AI-driven industries has also fueled the rise of data centers, which support the technology's needs. These centers demand large amounts of energy, often sourced from both renewable and non-renewable sources.
Tom Shepstone, Energy Security and Freedom joins for an update on the New York’s attempt to fine oil and gas companies.
Last week, New York enacted a law that requires large energy companies to pay $75 billion into a “Climate Superfund.” Although the statute’s language targets fossil fuel producers and oil refiners, it will remain unclear until regulations are issued as to whether other participants in the energy industry will be covered by the law. New York is the second state to have enacted Climate Superfund legislation, and numerous other states have proposed similar bills.
“This is a political stunt,” Shepstone said. “But I think at the end of the day, the NRDC gang, as I call them, I think put a lot of pressure on her and she (Gov. Kathy Hochul) caved.”
The interview shifted to Artificial Intelligence and Tech Data Centers that are being approved, publicly funded and rushed into operation.
Click here for the full length interview
Executive Coach Joe Sinnott, Witting Partners, and the host of The Energy Detox Podcast addresses quitters. The second Friday of each new year is Quitters Day.
And there is no better way to mark the occasion than by consciously quitting (qWitting) poor leadership habits that are holding you and your team back from long-term success.
“Is this "negative" leadership pet peeve freezing your team's progress?”
Are you bothered when someone refers to a "negative" temperature?
Or is that just an odd pet peeve of some people (or of one person)?
Either way, a North American cold snap not only inspires the sharing of that temperature-related pet peeve in this Calgary-based episode of The Energy Detox, but also sparks a conversation about a pet peeve that's likely having a negative impact on your organization.
Full length podcast available above on YouTube.
Warren Martin, Kansas Strong, reviews and reacts to the latest episode of Landman, streaming exclusively on Paramount +. Landman episode 10 is titled “Crumbs of Hope.”.
It’s the season finale of Landman, and Monty is still dying. As a recording of conservative commentator Paul Harvey plays over a montage of one hundred years of petroleum production – “oil is the paramount factor in the political economies of the day” – we fade to Monty’s emergency open heart surgery, and the reality that he will be incapacitated even if he makes it through.
As Paul Harvey alluded to, and Tommy Norris understands, even if oil men die, oil companies don’t. Not as long as demand keeps knocking. With Cami Miller’s blessing, Tommy accepts the position of M-TEX president. And as president, his first order of business will be to sell a parcel of leased oil land worth almost two hundred million dollars.
Operating on the principle of WWMD (What Would Monty Do), Tommy will rally Rebecca and Nate to help him paper the deal. Result? M-TEX clears $800 million in six months. Or? Circumstances change, oil drops below $60 a barrel, and they’re all out of work in the same amount of time.
Click here for the full length interview
Singer Songwriter featured this week:
Alma Lynn Cook is an American singer-songwriter and spoken word artist professionally known as Alma Cook. Her debut album Pass It On was released in 2012, and her single “For a Poet” and full-length project Tactics followed in 2014.
Cook grew up in Madison, Wisconsin, and attended Columbia College in Chicago. After college, she began playing at various clubs and festivals across the United States, opening for acts including contemporary gospel musician Jonathan McReynolds and Christian rapper George Moss.
Cook released an EP titled Pass It On in September 2012, followed by the single “For a Poet,” which charted at No. 2 on Rádio Nova Portugal in December 2014. She later released the full-length album Tactics, produced by bassist Chris Thigpen, whose father Cornell Thigpen (Mary J. Blige, Chaka Kahn, Stevie Nicks, and Patti LaBelle) played organ on the song “Hotshot.”
An album review by The Phantom Tollbooth magazine said of Cook’s performance on Tactics, “Alma has the vocal innocence of Amber Rubarth combined with vocal qualities rivaling Denise Donatelli.”
As of 2021, Cook was a podcast host and co-director of cultural engagement for Braver Angels, an American nonprofit focused on political depolarization. She was noted by Forbes as a conservative.
In addition to her work as a musician, Cook owns an oil and gas compliance company, Cook Compliance Solutions, based in Williston, North Dakota with a satellite office in Houston, TX.
The business works with oilfield service providers looking to obtain the right safety certifications, insurance and other measures needed to contract under larger oil companies.
Click here to support Alma Cook’s Energy Compliance Company
Click here to support Alma Cook’s Music Career
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