WE089 - Oilfield Economics with Jeff Krimmel, Insights on Profitability and Energy Transitions

Wicked Energy with JG

In this episode, we delve into the intricate world of finance within the oil and gas industry with Jeff Krimmel, the strategic mind behind Krimmel Strategy Group (KSG). In this insightful discussion, Jeff breaks down the challenges of managing cash flow, capital reinvestment, and the intricacies of transitioning to lower carbon technologies. From leveraging LinkedIn to amplify his expertise to weighing in on the changing US land market, Jeff offers a data-driven glimpse into the future of oilfield services. Plus, gain an inside look at his remarkable journey from engineering to leadership, and how an engineering mindset fuels his approach to business strategy. Discover the nuances of the energy transition, the resilience of oil and gas demand, and how efficient capital allocation is shaping the industry's path forward. Jeff's personal touch, from family movie nights to the rejuvenating power of short breaks, adds a heartfelt dimension to the dialogue. Tune in for a deep dive into energy economics with hosts Justin Gauthier and esteemed guest Jeff Krimmel.

LinkedIn: https://www.linkedin.com/in/jeffkrimmel/

Website: https://www.linkedin.com/company/krimmel-strategy-group/

Show Sponsors

InflowControl

InflowControl is a tech firm specializing in enhancing oil production efficiency and minimizing environmental harm through their Autonomous Inflow Control Valve (AICV®). The technology boosts profitability in mature oil fields by filtering out undesired gas and water, allowing previously overlooked zones to contribute to production. This results in both higher profitability and Lower Carbon Oil for stakeholders. For more information, visit the links below:

Website: www.inflowcontrol.no

LinkedIn: https://www.linkedin.com/company/inflowcontrol-as/

YouTube: https://www.youtube.com/channel/UCqdgIooQhYtUBo-auUlYw-Q

Mainline Ventures

Mainline Ventures stands alone as the premier strategy consulting firm dedicated to the energy sector, founded by former E&P C-Suite executives. They transform deal-making from an art into a science with their Process Driven Negotiation Technique, focusing on active deals and offering services like bespoke training, deal advising, and go-to-market strategies, often on a contingency basis due to their strategy's proven effectiveness. This approach not only yields measurable, scalable results but also seamlessly integrates with your existing operations, ensuring long-term sustainability without the need for changes in your team or technology.

LinkedIn Link: https://www.linkedin.com/company/mainlineventures/

Website: https://mainline-ventures.com/

Wicked Energy

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YouTube License for Intro Song: HCZBBTJUW0QWJYTY