Oil and Gas Startups Podcast Digital Wildcatters

Vertice Oil Tools was founded in 2018 to commercialize a limitless sliding sleeve design, but pivoted to developing frac plugs and refrac liner tools as sliding sleeves lost market share to plug-and-perf operations.Their key product is a hydraulically disconnecting refrac liner that enables zonal isolation for refracturing existing wells. This liner tool significantly reduces costs and time compared to traditional cut-and-pull refracking methods.The company uses data analytics to help operators identify good candidate wells for refracs by modeling expected production uplift based on offset well data and known geology/reservoir characteristics.Refracking activity is seeing adoption growth, especially in the Eagle Ford, Haynesville, and Bakken basins. The refrac market is expected to grow from around 150 jobs in 2022 to 300-400 in 2023.Refracing economics are being improved through techniques like tying refracs to new frac operations on multi-well pads to share crew costs. Using remote frac lines run thousands of feet from active frac spreads is also being explored to reduce costs for single well refracs.
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We explore the fascinating world of emissions technology innovations with Jenny and Madison from ChampionX.
Introduction to ChampionX:Jenny and Madison introduce ChampionX, a renowned company in the chemical sector, now making significant strides in emissions technology. They detail the acquisition of Scientific Aviation in 2021, marking their ambitious entry into emissions monitoring.Emissions Technology Focus:Our guests discuss ChampionX’s expanded focus, which now includes production automation, digital technologies, and advanced emissions solutions. The conversation covers the development of various monitoring technologies such as continuous monitoring systems, drones with advanced optical capabilities, and rapid assessment planes.Comprehensive Solutions:Emphasizing their strategic goal, Jenny and Madison explain ChampionX's approach to providing comprehensive solutions rather than standalone products. This approach is part of their commitment to improving industry operations and environmental compliance.Navigating Industry Challenges:The discussion shifts to the regulatory landscape, highlighting the complexities and challenges of complying with new emissions regulations. ChampionX is proactive in adapting their technologies to meet these evolving standards, thereby supporting operators in achieving compliance.Future Outlook and Innovations:Looking forward, Jenny and Madison share insights into future developments at ChampionX, focusing on continuous innovation and enhancement of their emissions monitoring technologies to better serve the industry’s needs.
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This week on the Oil and Gas Startups podcast, we were excited to host Jim and Thad from Riot Edge Solutions, recent winners of the Midland Energy Tech Night championship.

Introduction to Riot Edge Solutions: Learn about Jim and Thad’s backgrounds and their journey to founding Riot Edge Solutions, a company innovating at the crossroads of technology and energy.
Winning at Midland Energy Tech Night: A look at their recent victory and what it means for their company and its visibility in the industry.
Edge Computing in Oil and Gas: Discussing the shift towards edge computing, the advantages it offers for real-time data processing, and how Riot Edge Solutions is leveraging this technology to transform operations.
Product Showcase: Dive into the technical aspects of Riot Edge Solutions' products, including how their sensors improve operational efficiency and data accuracy in oil and gas operations.
Industry Impact and Future Trends: Explore how edge computing continues to evolve and what future developments Jim and Thad foresee in the technology landscape of the oil and gas industry.

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This week on our podcast, we were joined by Matt Gallagher, the CEO of Greenlake Energy, alongside his colleague Rob, as they discussed the exciting developments at their company and in the energy sector. Here’s what we covered:
Building a Tall Team: Insights into the dynamic and impressive team at Greenlake Energy, noted not only for their professional expertise but also for their towering statures.Greenlake's Bitcoin Ventures: How Greenlake Energy is pioneering the integration of Bitcoin strategies into their energy projects, in partnership with leading Bitcoin advisory firms.Advanced Data Management: A deep dive into Greenlake’s innovative use of real-time data analytics and how they manage to stay ahead of the curve with their high-tech dashboard systems.Strategic Investments for Scalability: Discussion on the strategic decisions behind Greenlake's investments and their plans for scalable growth in the energy sector.Rapid Tech Integration: The importance of swift technological integration in Greenlake’s operations, enhancing their flexibility and efficiency in the competitive energy market.
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Georges discusses the pivotal role of MIQ in tackling methane emissions within the oil and gas industry, emphasizing the significant environmental impact this could have by 2030.
This episode dives into:
The gathering of major figures and executives in the energy sector during Sarah week, including discussions centered around methane emissions.
MIQ's (Methane Intelligence Quotient) crucial function in identifying and addressing methane leaks in the oil and gas industry, using existing technologies and methodologies.
The role of certification and market forces in encouraging companies to reduce methane emissions, alongside the introduction of grading systems for emissions assessment.
The potential environmental impact of addressing methane emissions effectively, likened to removing 1 billion cars off the road or vastly surpassing the emissions reductions from the aviation sector.
The application of MIQ's certification system, which provides transparency and a standardized approach to measuring and reporting methane emissions, facilitating better industry practices and consumer choices.
Insights into the technological and operational frameworks utilized by MIQ to ensure the reliability and scalability of methane monitoring.
Discussions on the broader implications for the energy market, including the financial, regulatory, and competitive pressures that drive companies towards lower methane emissions.
Future projections for MIQ and the methane management landscape, emphasizing the need for widespread adoption and integration into global energy systems by 2030.
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In this episode, we explore the transformative journey of Amplified Industries, a company at the forefront of oilfield automation and production optimization. From its inception, Amplified Industries has been dedicated to enhancing the efficiency of oilfield operations through advanced automation and control systems. Founders Sebastian and Charles share their unique backgrounds, from quantum physics and aerospace to mathematics, and discuss how their paths led them to revolutionize oilfield technology. We delve into the challenges of traditional SCADA systems, the development of proprietary hardware, and the power of high-resolution data analytics in optimizing oil production. The episode also highlights customer success stories across various states and the company's vision for the future.
Key Points Discussed:
The mission of Amplified Industries to build next-generation automation and control systems for the oilfield, aiming to improve production efficiency with high-resolution data pipelines.The evolution of the company, focusing on providing actionable insights for production engineers, automating well operations, and offering real-time alerts for operational issues.The diverse backgrounds of the founders in quantum physics, aerospace, and mathematics, and their journey into the oil and gas industry, driven by a passion for technological innovation.The limitations of traditional SCADA systems and the opportunities for leveraging modern technology to bring advanced data analytics and automation to oilfield operations.The integration of proprietary hardware and cloud infrastructure by Amplified Industries to offer a comprehensive view of field operations, enabling predictive maintenance and production optimization.Customer success stories demonstrating significant production increases and operational efficiencies, with installations across 10 states and plans for international expansion.The future vision of Amplified Industries, focusing on continued growth, expanding technological offerings, and exploring new applications for their data-driven approach in the energy sector.Join us as we delve into the journey of Amplified Industries, highlighting its role in driving innovation and efficiency in oilfield automation, and discussing the future of technology in the energy sector.