Oil and Gas Startups Podcast

In this episode, we sit down with Matt Elbert, the CFO and CRO of Tachyus, to discuss how technology is transforming the oil and gas industry. We delve into the critical role of data science and explore how Tachyus is actively working to reduce global emissions. Tachyus has honed its expertise in data-driven reservoir management and greenhouse gas monitoring, specifically tailoring its solutions for the oil and gas sector. Through cutting-edge predictive modeling and data analytics, the company aims to set a new industry standard, particularly in enhanced oil recovery (EOR) and offshore operations.https://www.tachyus.com/https://www.linkedin.com/in/mattelbert/Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:23 - Tachyus Updates and Changes04:39 - Tachyus Turnaround Story Explained06:55 - Tachyus Orion Product and Energy Transition13:12 - Data Acquisition for Orion17:20 - Current Emission Tracking Methods20:44 - Strategies for Implementation25:21 - EOR Operator Total Addressable Market31:04 - Existence of EOR Offshore33:04 - Fascinating Aspects of Offshore Operations34:57 - Business Uncertainties in EOR36:44 - Future Prospects for Akin Gumphttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

Navigating digital transformation and energy transition presents a unique set of challenges for companies in the oil and gas sector, including effective technology use, data analytics management, and smooth strategy implementation, all compounded by a shortage of specialized IT advisors with industry expertise. Activera Consulting specializes in IT advisory services for the oil and gas sector, aiming to create a measurable impact on clients by optimizing people, processes, and assets. They offer custom-tailored solutions to help companies adapt and succeed in a rapidly changing digital environment.https://www.activeraconsulting.com/https://www.linkedin.com/in/tommyogden/Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:22 - Actavera Consulting Overview03:45 - Tommy Inglesby’s Background04:55 - Tommy's Journey into Consulting09:20 - Actavera's Acquisition by Accenture10:45 - Founding Cimbria: Motivations15:25 - Consulting Firms' Value Proposition21:35 - Overview of Access Services24:30 - Importance of Data Visualization27:58 - Understanding Data Lakes31:45 - MLOps Applications in Oil & Gas37:50 - Generative AI in Oil & Gashttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

Many oil and gas companies grapple with inefficient production processes and operational challenges. Issues like high energy costs, limited accessibility to electricity in specific drilling locations, and the environmental implications of flaring and venting associated with gas make it crucial to find innovative solutions. SH Controls and VSH Inc. have developed a hydraulics-based technology that has been shown to increase oil well production by at least 20% while being cost-effective and environmentally responsible.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:22 - SH Controls Explained03:17 - How EnergyX Works06:06 - History of EnergyX10:52 - Market Introduction Strategy13:09 - Data Utilization14:08 - Maintenance Procedures16:33 - Telemetry Systems17:45 - Future Plans for VSH Control22:04 - Offshore Expansion Plans23:50 - Customer Feedback Significance27:20 - Journey into Oil and Gas29:50 - Encouragement for Newcomers30:40 - Military Influence in Industry31:30 - MCCS Overviewhttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

Traditional refracing in the oil and gas sector has limitations, often missing up to 60% of reserves when establishing new adjacent wells. Triple R Energy Partners has researched alternative methods to address these challenges. Bob Barba and his team provide operators with the needed expertise to navigate these complexities, aiming for a more comprehensive approach to oil and gas recovery.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at https://collide.ioEngage with experts, level up your career, and ask Collide AI your toughest technical questions.00:00 - Intro01:03 - Guest Introduction01:36 - Understanding Refracs04:07 - Average Recovery Factor of Wells05:52 - Recovery Factor of Refrac Wells13:23 - Industry Implications17:57 - Environmental Impact21:48 - Refrac Process Overview23:31 - Funding the Refrac Process25:50 - Evaluating Refrac Effectiveness27:41 - Refract’s Business Model28:33 - Refract's Operational Strategyhttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

In this episode, we sat down with Eric Rambech, co-founder of Endrava, who detailed the company's journey from a consulting firm to a tech enterprise focused on monitoring global industrial CO2 emissions. Their platform, CaptureMap, is designed to help companies identify potential decarbonization projects. With ties to Norway, the conversation also touched upon the country's efforts in sustainable energy and offshore wind turbine advancements. The overarching theme highlighted the significance of continuous feedback, refining business strategies, and the vital role of capturing and minimizing CO2 emissions.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:25 - What is Andriva06:00 - Background of the Speaker10:15 - Concept Development for DNV GL13:15 - Concept Development for Capture Map16:32 - Fundraising Efforts19:08 - Future Plans for ClimateView19:45 - Importance of Founder-Led Sales24:10 - ClimateView and Carbon Capture Utilization and Sequestration (CCUS)26:54 - Role of CO2 Analytics30:50 - CO2 Analytics in the United States32:05 - Business Comparisons: US vs Europe34:00 - Connecting People: A Key Feature37:45 - Startup Scene in Norway40:44 - Microsoft’s Role in Andriva's Journey43:10 - Business Pivoting Strategies47:30 - Future of DNV GL Energy51:05 - Efficiency of Different Technologieshttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

The energy sector, especially oil, and gas, has been hindered by the lack of streamlined and integrated analysis tools, making it challenging to effectively evaluate transactions and adapt to client needs in a rapidly changing industry. Enter 4Cast, a cutting-edge platform designed specifically for evaluating oil and gas transactions, a solution that aims to revolutionize the industry by providing the required integration and streamlining processes.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:36 - What is Forecast04:55 - The Birth of Forecast13:57 - Simplicity in Business18:09 - Managing Stress in Work20:44 - Cultural Changes in Organizations21:14 - Understanding Cultural Change22:30 - How to Conduct a Proper Demo29:08 - Fundraising for Startups29:58 - Career Aspirations and Goals31:37 - Most Valuable Skills for Successhttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

The oil and gas industry is fraught with challenges, especially regarding the transparency of transactions in Texas. Producers often struggle to ensure they're getting the best prices for their oil due to the complexities of gathering relevant data. Barrel Hub's software, as introduced by Luther Ott, is designed to transform these challenges by leveraging public legislative mandates, promising a more transparent transaction environment, and ensuring that producers receive the best prices.Learn more about Barrel Hub: https://barrelhub.co/Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at https://collide.ioEngage with experts, level up your career, and ask Collide AI your toughest technical questions.00:00 - Intro01:52 - What is BarrelHub04:00 - Transparency in Oil and Gas Industry10:58 - Future of Oil and Gas Industry11:53 - Getting into the Energy Industry19:55 - Involvement with NASA and JPL22:05 - Involvement with LDV23:45 - Origin of Barrel Hub26:50 - Why Barrel Hub is Underpriced31:40 - Ambitions for Barrel Hub37:35 - Future States for Expansion39:45 - Using Your Own Visualizations41:25 - Finding Bill43:50 - Contacting Barrel Hubhttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.

Building digital twins of oil terminals, refineries, and even nuclear power plants sounds futuristic, but that’s exactly what HyBird is doing. Using laser scanning, video, and photogrammetry, they create ultra-realistic 3D models to transform how these facilities handle maintenance, inspections, and operations. Ahmed Hadid shares how he and his co-founder Mo turned a university project into a full-blown maintenance management solution, all while navigating the chaos of early COVID days and running lean as a startup. From finding product-market fit through hands-on sales to hiring the right team and joining the Techstars Space program, Ahmed dives into the grit and grind of building a company for complex industrial enterprises—and why having investors who roll up their sleeves matters.Learn more about HyBird: https://www.hybirdtech.com/Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:52 - What is Hybrid Technology06:07 - Hybrid vs. Other Digital Twin Solutions11:52 - Data Accuracy vs. Reality19:15 - Common Use Cases for Hybrid Solutions21:30 - The Journey of Clarity22:05 - Product Development Challenges25:00 - Pivoting to Maintenance Strategies27:15 - My First Startup Experience29:16 - Team Size and Structure32:20 - Techstars Experience37:09 - Lessons for Starting a Business Today37:50 - Fundraising During COVID-1942:18 - Overcoming Hard Times in Business44:30 - Defining Moments for Founders47:00 - Venture Capitalists and Fundraising48:40 - Importance of Revenue and Profitability53:40 - Founder-Led Sales Strategieshttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

The oil and gas industry is grappling with a workforce shortage and the need for efficient data collection, transfer, and control systems. Traditional methods of regulating artificial lift types, a crucial process in oil and gas extraction, are proving insufficient for the growing demands of the industry. Austin de Graaf, an engineer and oil field operations expert, shares his insights on the Boomerang system, a cutting-edge technology aiming to revolutionize oil and gas field operations using cloud-native microservices and an edge device for efficient data collection, transfer, and well control. The system uses complex control to regulate artificial lift types, an essential oil and gas extraction process. By incorporating machine learning and AI, Boomerang plans to develop more intelligent control systems in the future.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro01:59 - What is SCADA System04:05 - Types of Artificial Lift08:15 - Goals of Complete Control13:18 - EnergyX Overview14:16 - Boomerang Technology18:15 - Data Transmission and Storage Solutions19:38 - Starlink Applications in Oilfield23:28 - Boomerang Business Model Explained24:10 - Future Plans for Boomerang25:58 - EnergyTech Startup Showcasehttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters

In this episode, we sit down with Scott from Latham & Watkins to uncover what it takes to build and scale a high-growth oil and gas startup. From setting up the right legal structure to preparing for a successful exit, Scott shares essential advice for navigating the complexities of the industry. We dive into key decisions like choosing between an LLC or Delaware C Corp and the critical timing of filing an 83b to avoid tax headaches. The conversation touches on equity distribution pitfalls, the strategic use of RSUs to attract top talent, and how external funding transforms the dynamics of running a business. Scott also pulls back the curtain on the realities of the exit process, from venture capital expectations to IPO challenges, emphasizing the importance of early preparation at every stage. This is a must-listen for anyone looking to thrive in the oil and gas startup world.Digital Wildcatters brings the energy community together through events, cutting-edge content, and powerful tools. Join our online community at collide.io. Engage with experts, level up your career, and ask Collide AI your toughest technical questions.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 - Intro06:04 - Starting a Company: Key Considerations08:07 - LLC vs C-Corp: Choosing the Right Structure10:15 - Understanding QSBS: Qualified Small Business Stock13:45 - Importance of Document Organization for Startups17:15 - Tax Implications of Equity and QSUs26:44 - EquityX: Discount on xCloud Services29:25 - Essential Items for Your Investment Data Room33:20 - Founder Compensation: How to Pay Yourself35:10 - Transitioning from Seed to Series A: Key Changes38:54 - Evaluating Acquisition Offers44:00 - Role of Investment Banks in Startups47:11 - Navigating the IPO Process50:00 - Where to Find Scott51:14 - Educating Investors on Startup Opportunitieshttps://www.instagram.com/digitalwildcattershttps://www.tiktok.com/@digitalwildcattershttps://www.facebook.com/digitalwildcattershttps://twitter.com/DWildcatters