Oil and Gas Startups Podcast Digital Wildcatters

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.

In this episode, we catch up with Kyle from Iconic Air, returning to the podcast after a significant period of growth and development for both Iconic Air and the broader carbon accounting landscape. With the oil and gas industry facing increasing regulatory scrutiny and market demands for cleaner energy, Iconic Air positions itself as the essential tool for operators to manage their carbon data efficiently and comply with evolving standards.
This episode dives into:
Kyle's journey with Iconic Air, from its early days as a concept born out of a business plan competition at West Virginia University to securing $5 million in venture capital and growing into a key player in the carbon accounting space.The current state of carbon accounting, including the SEC's new regulations requiring carbon data disclosure and how this is equivalent to financial data in terms of company valuation.The various carbon accounting frameworks and regulations impacting operators, including the EPA's protocols and the implications of the IRA bill, which introduces waste emissions charges and tighter leak detection and repair timelines.The market-driven demand for carbon accounting, beyond regulatory compliance, as energy consumers and financial institutions increasingly tie the cost of capital to emissions, pushing for cleaner energy sources and certified natural gas.Iconic Air's approach to simplifying the carbon accounting process for operators of all sizes, offering a "Turbo Tax" solution that aggregates and processes carbon data according to multiple frameworks, making compliance and reporting straightforward and efficient.The challenges and opportunities facing Iconic Air and the oil and gas industry as they adapt to the new realities of energy production, sustainability, and environmental stewardship.Join us as we explore how Iconic Air is helping to navigate the complex and rapidly evolving world of carbon accounting, driving efficiency, and supporting the industry's transition towards more sustainable practices.

In this episode, we sit down with Kate Stevenson, a leading figure at Novus Consulting, to explore the transformative role of data management and technology in the energy sector. With a rich background that spans from Accenture to Chesapeake and beyond, Kate brings a wealth of experience and insights into solving the industry's most pressing challenges through innovative data strategies and technology solutions.
This episode dives into:
The mission and services of Novus Consulting, focusing on data management technology consulting for the energy sector, including strategy development, technology implementation, and data integration.
Kate Stevenson's journey through the energy industry, highlighting her transition from Accenture to pivotal roles at Chesapeake and SandRidge, and her deep-rooted connection to the oil and gas legacy.
The persistent challenge of data management in the energy sector, emphasizing the critical need for clean, well-organized data as the foundation for advanced analytics, AI, and operational efficiency.
The impact of mergers and acquisitions (M&A) on data integrity and the strategies employed by Novus Consulting to ensure seamless data integration and cleanliness during these transitions.
The evolving landscape of field operations technology, with a focus on automating work orders and optimizing lease operator workflows through advanced data-driven solutions.
The potential and challenges of applying AI and machine learning in the energy sector, including the importance of data architecture and the need for industry-specific contextualization.
The trend towards outsourcing IT functions and the shift towards SaaS platforms, reflecting on how these changes affect data management and technology adoption in energy companies.
The exciting opportunities and projects within the midstream sector, showcasing how standardized processes and shared services can lead to operational efficiencies and cost savings.
The conversation around Bitcoin mining within the energy sector, touching on the intersections between energy management, regulatory changes, and the emerging opportunities for synergy between oil and gas operations and cryptocurrency mining.
Join us as Kate Stevenson shares her expert perspective on the critical role of data and technology in driving the future of the energy industry, from operational excellence to innovative solutions that bridge traditional energy and emerging digital assets.
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