https://youtu.be/lLw1PhhXCEw

Recorded March 16, 2026

In this episode of the PetroNerds Podcast, Trisha Curtis, CEO of PetroNerds, speaks with Tyler Lindholm, former Wyoming state representative and current Wyoming State Director for Americans for Prosperity. They break down why Wyoming holds a major advantage in affordable, reliable energy and why the state needs to shift from defense to offense. They discuss why Wyoming sits in a uniquely strong position in U.S. energy, especially as oil markets tighten, electricity demand rises, and policymakers push permitting reform back to the center of the national conversation.  The conversation covers Wyoming oil production, natural gas, coal, utility control, rare earth minerals, education funding, and the policy contrast between Wyoming and Colorado. Tyler explains why Wyoming has played defense for too long and why the state now needs to lead with confidence on energy, infrastructure, and investment. A major focus of the episode is coal-fired power generation, including the potential for a new Dry Fork coal plant near Gillette. Trisha and Tyler also explore why reliable low-cost electricity matters for industry, manufacturing, data centers, AI, and national security.

In This Episode

• Wyoming’s current oil and gas position
• High oil prices create an opening for Wyoming producers
• Federal land access, bonding pools, and BLM barriers
• Why permitting reform matters across energy and infrastructure
• Wyoming’s coalbed methane boom
• Why coal still matters for reliability and affordability
• The potential new Dry Fork coal-fired power plant
• How out-of-state utilities influence Wyoming power policy
• Third-party generation, data centers, and industrial growth
• Rare earth minerals, refining, and national security
• Why Wyoming should compete more aggressively with Colorado

Key Takeaways

Wyoming has the resources, location, and power cost advantage to become a bigger energy and industrial leader.

Permitting reform is not a niche policy issue. It affects oil, gas, coal, transmission, broadband, mining, and every major infrastructure built in the West.

Coal remains a strategic asset for grid reliability, industrial growth, and national security.

Wyoming’s ability to shape its own energy future remains limited when out-of-state utilities control major generation decisions.

Rare earth development and domestic processing deserve much more urgency.

Guest

Tyler Lindholm is a former Wyoming state representative, fifth-generation rancher, military veteran, and current Wyoming State Director for Americans for Prosperity.

https://youtu.be/YNwOi5XyfbQ?si=IJ8gUgADuwjV6RtG

Recorded March 25, 2026, and February 26, 2026

Episode 153 of the PetroNerds podcast is a heavy-hitting, energy-dense podcast packed with intel and data in every second. Trisha Curtis, CEO and host of the PetroNerds podcast, walks listeners and viewers through a timely and thorough presentation on the State of Energy, covering topics from Iran and Russia to China and US shale.

Trisha covers the gauntlet in a deep dive presentation given on February 26th, 2026, just two days before the war in Iran. Trisha discusses Iran’s oil production and how little geopolitical risk is priced into oil at $65 a barrel. She gets into Chinese oil demand and the Chinese economy, the importance of oil, getting energy right, and the role of coal and natural gas in power generation and electricity prices.

She talks about the rise in electricity prices, the corresponding rise in wind and solar power, and the decline in cheap baseload power from coal. She discusses Chinese coal demand and the importance of energy in war and conflict. And Trisha introduces this podcast with a fresh update on oil prices, oil flows, and the war in Iran.

This talk and presentation were sponsored by First Turn Capital and Liberty Energy. The presentation was hosted by the Denver Energy Network and the Women in Oil and Gas Association at Liberty Energy’s office in Denver, Colorado. 

Please reach out to PetroNerds directly at www.petronerds.com.

Recorded November 4th, 2025 and September 17th, 2025 Episode 144 of the PetroNerds podcast is another heavy hitting PetroNerdy special. The body of this podcast is Trisha Curtis' talk to the Fort Worth Chamber of Commerce on September 17th, 2025. Trisha introduces this podcast with a fresh market update covering OPEC Plus' recent output increase, the Xi and Trump meeting, China and the US, geopolitics, the Fed, and the consumer. In this presentation and talk Trisha takes listeners through the oil market and the economy and begins the presentation and talk with oil prices and the health of the economy, the move to $65 oil on the back of Ukrainian strikes on Russian refineries, Putin and Russia's drone incursions into European airspace, and Xi Jinping's SCO meeting with North Korea, India, and Russia, and China's military parade. Trisha talks about natural gas prices and the natural gas outlook and AI demand and power generation, US vs. China and the AI race, and OPEC Plus and Saudi output and market share. She gets into oil prices and the sentiment of the oil industry, crude oil inventories, explaining tariffs and what they mean and why, tariffs on India and China, Chinese crude oil stockpiling, and China's support of Russia. Trisha further dives into tariffs being about China and competition with China, the US manufacturing industrial base, manufacturing and the role of power generation. She gets into the rig count, longer laterals, the efficiency of the service sector and the resilient output of US shale, LNG exports and prices, global LNG market, US natural gas prices and residential natural gas prices, EIA nat gas price spike projections, and electricity prices. She talks about global coal consumption, Chinese coal consumption, global electricity, Chinese electricity, and Chinese oil and gas consumption and their economy. The last 15 minutes are filled with excellent questions from the audience including peak oil, coal and electricity prices, and oil and natural gas prices projections. Trisha Curtis' interview on Real America's Voice Steve Guber Show: https://www.youtube.com/watch?v=m0pIGZTrNX4 Trisha Curtis' opinion piece in the Daily Caller, "Winning Against China Means Winning on Energy": https://dailycaller.com/2025/10/19/opinion-winning-against-china-means-winning-on-energy-trisha-curtis/

Recorded on April 4, 2022 Episode 43 of the PetroNerds podcast is part one of an incredible double header on all things US natural gas, global LNG markets, the European energy crisis, and the impact of regulations on ESG and investor pressure.  Trisha Curtis is joined by her guest Renee Pirrong, Strategy Director at Tellurian.  Tellurian is active in the upstream space in the Haynesville and will soon be exporting LNG (Liquified Natural Gas).  Before recording WTI was $101.80, Brent $106.36, Henry Hub $5.80, and TTF Dutch from CME $36 MMBtu.  Trisha starts off the podcast with a global overview and backdrop of what is happening in the world, including the Biden Administration and IEA's planned release of Strategic Petroleum Reserves from the SPR.  In this episode Trisha and Renee get into US natural gas production volumes, US LNG export volumes, LNG export capacity, and the Biden Administration's plans to increase LNG exports to Europe this year and significantly more through 2030.  Trisha gets into the production base potential and the meaningful impact of market signalling by regulators and the need to build infrastructure and pipelines to accelerate production growth in the US and exports abroad.  They discuss the impacts of ESG investing and money going into renewables vs. oil, natural gas, and coal.  They also begin discussing the energy crisis in Europe and Asia.

Recorded on March 1, 2022 In episode 42 of the PetroNerds podcast Trisha Curtis is joined by Matt Gallagher, former CEO of Parsley Energy and current CEO of Greenlake Energy Ventures.  This is a lively and timely discussion by two oil and gas nerds who clearly need more than an hour to discuss the entire global oil market, energy policy in the US and abroad, ESG, the US oil market, and impacts of war in Ukraine on geopolitics and on energy prices.  Prior to recording, oil prices for the US crude benchmark, West Texas Intermediate, spiked to well over $105 and barrel, from $97 just hours before.  Trisha and Matt discuss the Biden Administration's energy policies and war against oil and gas, Matt's look back on the proration talks he had with Texas Railroad Commission when oil prices were collapsing in 2020, and Matt's electric Mustang.  They get into service companies and pricing and the need for service companies to be profitable along with producers.  They spend time talking about the over emphasis of the "E" in ESG and also talk about leadership in the oil and gas space and the certainty most executives have on the northbound trajectory of oil prices.  Trisha harps on recession risk and talks about the risks of allowing Iran, Russia, China, and North Korea to get closer.  And they close the conversation by talking about sustainably sourced and humanely sourced barrels of crude oil from the US and Canada.  This is an awesome episode and one you most definitely want to share with everyone you know!

In episode 41 of the PetroNerds podcast, Trisha Curtis takes the first 15 or so minutes to recap what is happening with the crisis in Ukraine and the invasion by Russia which began on the 23rd of February. Trisha is joined by her guest, Justin Kringstad of the North Dakota Pipeline Authority, to talk about the state of the Bakken, the Williston Basin, and North Dakota at $95 oil. The Williston Basin rig count has remained extremely low despite elevated oil prices and Trisha and Justin discuss the nature of the operators and the reasons why activity has not returned to the basin. Trisha and Justin get into prices and what this means for inventory. They talk about "remaining inventory" and "core" and "tiers" and why inventory may not be an issue, the fact that it is locked up by public operators is. Continental Resources is running eight rigs in the Williston Basin but talked more about the Powder River and the Delaware in their earnings call. Trisha and Justin also discuss the huge volumes of natural gas being produced in the Williston Basin, despite less drilling, and the fact that more infrastructure and midstream development for natural gas will need to be built in the coming years. This a timely podcast front loaded with a major market update and followed by a critical discussion of the nuances of the Williston Basin.

In episode 40 of the PetroNerds podcast, Trisha Curtis discusses European energy policy and the European energy crises with expert and professor Thierry Bros.  This is a dense, high BTU content podcast.  Thierry is a professor at Sciences Po Paris and recently published an op-ed titled "Dreaming isn't going to solve the energy crisis."  Trisha and Thierry talk about this recent article and an early February document from the European Commission on including natural gas and nuclear in their plans to decarbonize.  They get into high energy prices in Europe, the heavy reliance on Russia for so much of Europe's natural gas, and the steadily declining production and supply of natural gas from the UK and Europe.  They talk about energy policy and monetary policy and what Thierry calls "magic math" being done by many politicians and regulators.  And they discuss France's push to call natural gas "fossil gas."  This is a refreshing conversation from someone within Europe that understands Energy policy and climate change and is willing to call a spade a spade.

In episode 39 of the PetroNerds podcast, Trisha Curtis sits down with Ryan Keys, CEO of Triple Crown Resources. Triple Crown is a private operator in the southern Midland Basin with 44,000 acres. Ryan offers a very candid view of what it is like to be a private operator in the basin and the serious cost pressures facing operators. Inflation and rising costs and the lack of labor and skilled labor are beginning to bite operational efficiency. Trisha and Ryan talk about the oil market, oil prices, hedging, inflation, and a myriad of other topics. They also talk about Triple Crown’s position in the basin and the uniqueness in being in an off-the-cuff play that fewer folks are interested in, characteristic of many private operators across the US today. This is a fantastic and informative conversation and a must-listen-to episode of the PetroNerds podcast.

In episode 38 of the PetroNerds podcast, Trisha Curtis has the pleasure of sitting down and talking all things Permian Basin with Aaron Hunter of ConocoPhillips. Aaron is the Vice President of the Midland Basin for ConocoPhillips. Trisha and Aaron get into three main topics starting with Permian nerdiness and the state of play in the Midland and the Delaware, the resiliency of the Midland over the course of 2020 and 2021, changes within the Permian Basin, and the rise of private operators. They discuss the acquisitions of Concho Resources and Shell's Permian assets. And they get into ESG, emissions - Scope 1, 2, and 3, ConocoPhillips' Paris Climate Accord plans, their triple mandate, and their recent earnings calls and stockholder meeting. They discuss this in the context of investor pressure and the rise of ESG, and address that this has been emphasized while ConocoPhillips has amassed a significant Permian position in the past two years. This is a timely and not to miss episode encapsulating many recent topics on the PetroNerds podcast and bringing it full circle with a major public operator, and soon to be the largest operator, in the Permian Basin.

In episode 37 of the PetroNerds podcast, Trisha Curtis sits down with Steven E. Koonin, the author of "Unsettled."  Trisha and Steve discuss the premise of the book, the elevation of climate change in policy making, potential pitfalls in the data, and the controversial topic of understanding how much humans are influencing global warming and the certainty of that in the reports and analysis.  This is a frank discussion about the cost of the energy transition and the certainty or lack thereof that climate change is indeed a "code red for humanity."  This is a nerdy and controversial topic podcast filled with analysis and questions.  Steve and Trisha discuss the definitions of "climate" vs. "weather," the the importance of having a proper discussion and debate on how to address concerns about climate change and global warming, the ability to accurately model and have high degrees of certainty, grid reliability, the IEA's net zero by 2050 report, monetary policy, Xcel's shutting down of coal fired power plants and rate hikes, and Steve's comment that "net zero by 2050 is a fantasy." This book is about "What Climate Science Tells Us, What it Doesn't, and Why It Matters." Steven is the former Undersecretary for Science at the US Department of Energy for the Obama Administration and the former Chief Scientist with BP.  This is timely, nerdy, and a must listen to episode of the PetroNerds podcast.

Episode 36 of the PetroNerds podcast is an incredibly detailed 1 hour and 17 min recording on all things Russia with expert Tatiana Mitrova.  Tatiana is well known for her knowledge and expertise of Russian oil and gas production and exports. We talk about Russian oil and gas production volumes, the ability for Russia to produce at a lower fiscal breakeven than many other major producing countries, and some of the recent geopolitical issues with Russian gas and Europe. We discuss what happened over the course of 2020 and 2021 in Europe and Russia with regards to gas production, volumes going to Europe, and Europe's energy crisis, especially in the context of Russia's aggression against Ukraine and Europe's doubling down on renewables and exiting from natural gas, coal, and nuclear.  Tatiana and I talk about energy security, the energy transition, and Russia's relationship with China. This is a very special, not to miss episode on Russian oil and gas production and geopolitics.

Happy New Year and welcome back to the PetroNerds podcast and the first recording of 2022. It is January 10th, 2022 and in this episode of the PetroNerds podcast, Trisha chats with Mark Rossana about Russia, China, Kazakhstan, Xinjiang, energy prices, and European and US inflation. This is another special episode, making up for lost time, an hour of conversation with Mark Rossano, and a 20-minute recap with Trisha Curtis. Trisha and Mark get into the nuances of the US inflation and the Fed's response to increase rates and tamp down on inflation and the European Central Bank's lack of response to deal with inflation. They discuss the economy and economic growth, as well as the issue erupting in Kazakhstan and how it coincides with the build-up of Russian troops on the Ukrainian border and reduced natural gas, flows from Russia into Europe. They also talk about China. Trisha recaps the discussion with clarifications on China and Xinjiang and the impending supply chain issues coming in 2022, China's property sector woes, and what this all means for energy and prices and why this should matter to you.

Happy New Year and welcome back to the PetroNerds podcast. In this episode, Trisha Curtis, host of the PetroNerds podcast nerds out with Dan Pickering of Pickering Energy Partners. This is a special 1-hour 17-minute podcast. Trisha and Dan cover everything from oil prices, market sentiment, inflation, decarbonization, ESG, and investor pressure. They talk about oil prices, the role of market sentiment, the strength and health of the US and global economy, and inflation. Dan discusses how long the debt bubble took to burst and take down the US economy, suggesting that the market may continue to move higher as sometimes things take a lot longer to play out. Dan thinks "there is more gas in the tank." Trisha and Dan discuss decarbonization in the context of investing and Trisha pushes the question of whether or not all these investments are actually resulting in decarbonization or lower carbon emissions. A healthy dose of economics and China talk is sprinkled throughout the conversation.

Recorded on October 22, 2025 and September 17, 2025 Episode 143 of the PetroNerds podcast is an exceptionally timely and heavy hitting podcast focusing on oil prices and geopolitical risk. Trisha Curtis, CEO of PetroNerds, spends time in the introduction of this podcast walking listeners through the recent drop and rebound in oil prices, driven by sanctions placed on Russia. She gets listeners up to speed on geopolitics and oil price dynamics, Ukrainian strikes on Russia, and US China negotiations. The body of the podcast is the keynote address Trisha Curtis gave in Fort Worth at Whitley Penn's Fueling the Future conference. She is joined on stage by the moderator of the fireside chat, Haley Mitchell, Senior Audit Manager at Whitley Penn. Haley is PetroNerds podcast listener and she comes prepared with a series of questions for Trisha. This keynote address covers everything from oil prices and the shale patch to China. Trisha gets into the state of oil prices, US production levels, Russian refineries getting attacked, and the status of the Russian war in Ukraine. She dives into US shale patch nuances, service companies and thin margins and blank space, what $60 oil means for the economy, what is happening with the Fed and inflation and interest rates and continued inflation, and her concerns about goosing inflation with lowering interest rates. Trisha further discusses tariffs and revenue, the US economy, health of the global economy and China's economy, and she connects it back to oil prices. She talks about China's economy, deflation and actual Chinese oil demand, US electricity prices. Europe and their energy prices and commitments to NATO, US natural gas prices, natural gas demand, LNG, and AI. She touches on electricity and power purchase agreements and so called "cheap" wind and solar driving up electricity prices, the role of coal and need for coal in the US, coal as the enabler of natural gas, China's role in Russia's war, Chinese stockpiling, understanding markets and risk and oil trading, and nuclear energy. Trisha closes the keynote with some great questions from the audience on natural gas prices, electricity prices, and holding up US production levels. And she does this all in less than one hour. Please share this podcast with your colleagues and friends, watch it on the PetroNerds YouTube page or the PetroNerds website: https://petronerds.com/podcast-2/. Trisha Curtis' oped in the Daily Caller, "Winning Against China Means Winning on Energy," can be found here: https://dailycaller.com/2025/10/19/opinion-winning-against-china-means-winning-on-energy-trisha-curtis/. And please reach out to PetroNerds and Trisha directly on the "Contact Us" page on the PetroNerds website: https://petronerds.com/contact/ https://youtu.be/hpm6NEPvsKQ

https://youtu.be/yDBn4NzJDxE

Trisha Curtis and David Ramsden Wood, known to many as DRW, spend 57 minutes discussing energy, inflation, policies, and the US economy in episode 33 of the PetroNerds podcast. 

Trisha and David dive into the US economy and energy market and discuss several significant events that have taken place over the past couple of weeks, including US Energy Secretary Granholm’s interview on Bloomberg while at COP 26 last week, green and ESG pressure in the US oil equity space, inflation, the Fed, interest rates, the US jobs report on Friday, Nov 5, 2021, Biden’s call on OPEC Plus to increase output, OPEC Plus’ agreement not to increase output further than their agreed-upon 400,000 b/d monthly increases, and the role of high energy prices and the current energy crisis. 

All of this is covered and more.  DRW works in his Tesla and Permian acquisitions talk and well as the housing market.  This is a total show stopper and not to be missed episode of the PetroNerds podcast.

https://youtu.be/TqKpoyP-Gjk

Episode 32 of the PetroNerds podcast is the second half of the double-header with Mark Rossano. This is a continuation of the conversation on China and the global energy crisis.  In this podcast, Trisha and Mark talk about how inflation and the global energy crisis are interwoven and what the risks are to global economic growth and energy prices.

This is a great discussion on inflation in the US and the impact it is having on the economy and spending power. This dialogue evolves from inflation and recession risk to rising interest rates and investor pressure and the role of ESG and the dislocations it is creating for public oil and gas companies.

Trisha points out the evolving nature of investor pressure and the lack of defined targets for ESG. They close this conversation by taking it all the way to private investment and private equity and the role of lower oil prices and the benefit lower prices had on the US and global economy.

https://youtu.be/d0_-iZTqNSA

In episode 31, Trisha Curtis and Mark Rossano, CEO of C6 Capital, go into a double-header with part two of their nerdy convo.  This is a 45-minute conversation on everything from China to economic growth to the global energy crisis. 

China’s recent miss on GDP for the third quarter is discussed along with coal, hydro, and wind power, and much much more.  The importance of China and what it means for global economic growth and energy prices are also discussed. 

This podcast was recorded as a longer segment on China and the energy crisis, inflation, and investor pressure.  Inflation and investor pressure will be addressed in part 3 with Mark Rossano in episode 32.

https://www.youtube.com/watch?v=hWrUzzOocsk

In episode 30 of the PetroNerds podcast, Trisha Curtis sits down with Mark Rossana, CEO of C6 Capital and fellow macro nerd. 

Mark and Trisha talk about the US rig count, the US DUC count, and the US frac spread count. They get into the weeds and nuances of the rig count, the drawdown in DUCs (drilled but uncompleted wells), and frac fleets. They discuss simul fracs and what percentage of the Permian is actually running simul or twin fracs.

Trisha makes sure to pull the micro to the macro with inflation talk and a word on the IEA’s (International Energy Agency) now “free” World Energy Outlook, prepared in advance of the big climate change COP 26 talks. And Trisha and Mark close it up talking about China and the real concerns for economic growth and recession.

Consider this part 1 of the Trisha Curtis Mark Rossano energy and economic nerd fest.

https://youtu.be/r9hL5LwwZDQ

In this special episode on the global energy crisis, Trisha Curtis takes you through the global energy markets to explain how this rise in energy prices happened and why it matters. 

This episode starts with oil prices and OPEC Plus and their decision to maintain output increases of 400,000 bd on October 4, 2021. 

From there, Trisha dives into the global energy crisis, discussing the nuances of the European and UK market, lack of storage, weather shifts, wind, and hydropower, and dovetails this into what is happening in China. 

She explains China’s recent weather, drawdowns in coal, and reduced hydro and wind power, further exacerbating this perfect energy crisis storm. Trisha rounds this out by talking about economic growth, inflation, and risks to energy prices and economic growth. 

Of course, the latest White House Press Briefing is mentioned. And the closer is on China and their housing, real estate, and property bubble that most do not want to believe is a problem.

https://youtu.be/6ja6RQGmEx8

In this very special 1.5 hour-long podcast, Trisha Curtis sits down with the CEO of Liberty Oilfield Services, Chris Wright, and nerds out on everything from the global oil market to frac sand. This was a live event at Liberty Oilfield Services, put on by the Denver Petroleum Club.

Trisha and Chris talk about Liberty’s ESG report on energy poverty, Chris’ take on the battle against CO2, ESG, China, US regulations against oil and gas, inflation, rising electricity and energy costs, and simul frac and frac sand.

This is a dense and lively discussion followed by questions from the audience. It is an honest and analytical take on the energy industry, CO2, ESG moves, and oil and gas equities.

https://youtu.be/g4QHaCT95L4

In episode 27 of the PetroNerds podcast, Trisha Curtis sits down with Yogashri (Yoshi) Pradhan, Senior Reservoir Engineer at Endeavor Energy Resources to discuss the biggest industry trends, themes, and takeaways from the recent SPE workshop on unconventional completions.  Low-cost diagnostics, including the use of vertical wells, pressure gauges, and tracers were some of the major themes. 

Yoshi also talks about the paper she presented on behalf of Endeavor and the work and progress Endeavor has made on completions, infill development, and parent-child well dynamics.

https://youtu.be/VQWBc6uPy08

In this episode of the PetroNerds podcast, Trisha Curtis speaks with Ben Cook of BP Capital. They discuss a range of issues surrounding investing in oil and gas and hydrocarbons and renewables. They talk about investing in oil equities, the nature of the market, the generalist investor, how operators are going to win back investors, ESG, trends and themes in Q2 2021 earnings, and the role of oil prices and market stability in investing.

This podcast covers the gauntlet and hits on many issues Trisha had been touching on throughout the PetroNerds podcast.

https://youtu.be/6lxLGoLOF60

In this episode of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, takes you on a 47-minute whirlwind tour of the oil market, oil prices, the International Energy Agency (IEA) and OPEC’s monthly market reports, inflation, the White House Press Briefing on August 11th, 2021 on inflation and OPEC, the US Consumer Price Index (CPI), and China’s coal-fired steel mill surge.  This podcast is another must-listen-to episode and jam-packed with market intel.  Trisha goes through the recent drivers in oil price declines, rampant inflation in the US and the Consumer Price Index and dovetails this all into monthly market reports from the IEA and OPEC and the White House Press Briefing on the Biden Administration’s claims that inflation is not as bad as it seems and the need for and call on OPEC and OPEC Plus to increase production and lower gasoline prices.  As always, she sprinkles in valid information on China and oil demand and closes the podcast on some recent data brought to light in a Financial Times article titled “China Puts Growth Ahead of Climate with Surge in Coal Powered Steel Mills.”

https://youtu.be/4QEKkBIOP64

Trisha Curtis and Ethan Bellamy bounce around global issues covering Norway, China, the US, and OPEC. Trisha In this special, one hour plus edition of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy sit down with Justin Kringstad, the director of the North Dakota Pipeline Authority, to cover everything Williston Basin, Bakken, and North Dakota.  They talk inventory, completions, rigs, flaring, midstream infrastructure and Bitcoin Mining. Kringstad brings 13 years of experience at the pipeline authority to a comprehensive look at this US energy powerhouse. Companies mentioned include True Companies, Crusoe Energy, Energy Transfer, Enbridge, ONEOK, Hess and Continental Resources.  Trisha, Ethan, and Justin cover the details of production, gas, flaring, pipelines and takeaway capacity, transportation discounts, CO2, EOR (enhanced oil recovery), ESG.

Recorded on April 2, 2025 and January 16, 2025 Episode 129 of the PetroNerds podcast a heavy hitting round the world tour on tariffs, geopolitics, and volatility. This is the energy dense talk Trisha Curtis gave to the Denver Association of Petroleum Landmen on January 16th, 2025 titled "Outlook for 2025: Optimistic Uncertainty Mixed with Volatility" at the Denver Earth Resources Library. Trisha opens this podcast with a quick take on Chinese tariffs announced on April 2nd and US competition with China. In this presentation Trisha gets into the run up in oil prices in the first two weeks of January, sanctions on Russia, the Fed and inflation, geopolitics, the US economy, and the global macro economy. While Trisha is optimistic about Chris Wright and potential energy policies in the US, she is less certain about the health of the US economy and the US consumer and she is outright concerned about the global economy. https://youtu.be/27hcScjfsmo

https://youtu.be/yKp-hfkrAks

Trisha Curtis and Ethan Bellamy bounce around global issues covering Norway, China, the US, and OPEC. Trisha continues to see the $65 to $75 price band for WTI Crude oil as most likely. Near month futures prices at the time of the podcast were $72 oil and $4 gas, both healthy figures for an industry that keeps adding rigs and frac spreads w-o-w. Looking ahead, the US will digest the end of the eviction moratorium and the lapse of COVID benefits, which should fill out the workforce. The Delta variant remains a wildcard for global macro. Ethan tries to put some guardrails around Trisha’s discussions of the global economy, International Energy Agency figures, electricity prices in the US, and China’s power use, commitments to climate change, and intricacies of policy-making and outcomes.

https://youtu.be/nwvB9QBa-Do

In Episode 22, Trisha Curtis and Ethan Bellamy discuss crude oil prices and the backslide to $66 as the market digests two negatives: the increased baseline allocation to the United Arab Emirates within OPEC and fears of the delta variant of COVID-19 reducing demand. Trisha sees WTI crude as appropriately priced in a band of $65 to $75, while Ethan sees further short-run weakness in oil to $63 for the August contract, but is more bullish on natural gas to $3.70 week on week on summer heating demand. Trisha provided some thoughts on DUG Permian & Eagle Ford, where she spoke last week. The mood was bullish 2014, which she finds a bit too optimistic given OPEC spare capacity. Producers are bulled up, which may not be helpful for US supply, which should be growing and suppressing the price.

https://youtu.be/KlOO9q5n9-M

In episode 21 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy get into the weeds on the Saudi and UAE production volumes and disputes in the latest OPEC Plus meeting or non meeting debacle.  They talk about oil prices and the risks to the upside and downside as well as activity in the US and what is happening with US oil demand.  They conclude with an impressive analytical link between Chinese human right abuses and forced labor issues in the province of Xinjiang, Chinese solar panels, and well known names from the Exxon and Engine No. 1 ordeal, Vanguard, State Street, and Blackrock.  (Correction: Trisha said “Stay Street” in the podcast and meant “State Street”) This is a must listen to episode folks! The link to the South China Morning Post article can be found here.

Trisha will be speaking at DUG on Tuesday, July 13th, check out the agenda here.

https://youtu.be/htWPxEGNDRw

In this episode, Trisha and Ethan review oil and gas market activity, the case for $100 oil, Trisha’s recent field trip to Midland, Texas, and the Liberty Oilfield Services (LBRT) investor day. The podcast covers the evolution of well economics as sand move from outside the basin to in-basin and now looks to be heading to local sand mining. At Liberty, “Happy Valley” economic evaluation of proppant and lateral length help solve for optimal well recoveries.

https://youtu.be/fS3I3YzWkNs

In episode 19 of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, and cohost Ethan Bellamy get into the very hot topics of ExxonMobil’s board seat debacle with activist investor group Engine No.1, Biden’s doubleheader Executive Orders on climate change, and the Dakota Access pipeline decision in favor of Energy Transfer and DAPL. 

Trisha and Ethan discuss the implications and meaning of activist investors and put in context the overarching Executive Orders by the Biden administration which have far-reaching consequences for the financial system and procurement of contracts.  They finish the podcast with a lengthy discussion on the Dakota Access pipeline ruling by Judge Boasberg, in favor of the pipeline.  This is an incredible episode that you do not want to miss.  It is jam-packed with market intel.

https://youtu.be/37JV-509Mrc

In episode 18 of the PetroNerds podcast, Trisha Curtis comes out swinging on OPEC, Iran, and inflation. This is an episode you do not want to miss. Trisha and Ethan discuss OPEC’s latest moves, rising oil prices in the context of rising inflation, and the role of the US dollar.

They also discuss Iran and Saudi Arabia’s behavior and supply and demand in oil. They round out the lively discussion by talking about natural gas and the controversy of banning it in some cities for newly build homes. This is the podcast on oil, energy, and policy. This is a two-part episode. If you want to hear all about Exxon’s board debacle, Biden’s recent executive orders, and the Dakota Access pipeline, stay tuned for next week.

https://youtu.be/C3kykoLT8lE

In episode 17 of the PetroNerds podcast, your host Trisha Curtis and cohost Ethan Bellamy discuss the implications for removing sanctions on Iran and the impact it could have on the oil market and is having on the oil market and talk about the very controversial International Energy Agency (IEA) report which called for all investment in fossil fuels to stop immediately.

Trisha and Ethan talk about the relationship between Iran, China and the US and how Iran is playing their cards. In addition to getting deeper into oil prices, inflation, and the macro, they get into IEA’s new flagship report which calls for all fossil fuel investment to stop if the world is to achieve net zero by 2015. The IEA Net Zero report can be found here: https://www.iea.org/reports/net-zero-by-2050

https://youtu.be/4u21CIAO4yc

In episode 16 of the PetroNerds podcast Trisha Curtis and Ethan Bellamy discuss the market trends and themes taking place in the US upstream space, specifically the Permian Basin. They review the earnings calls of EOG Resources, Pioneer Natural Resources, Diamondback Energy, and Liberty Oilfield Services and put it all into a digestible market context and outlook. While concerns about higher services costs and inflation are present, efficiency gains such as longer laterals, faster drilling times, and faster and more efficient frac operations, and are a major theme throughout earnings season and have long term implications.

https://youtu.be/qz8gSMh2tnc

In episode 15 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy discuss the current status of the Colonial pipeline (which had not resumed operations at the time) and get into oil prices, the US dollar, and all things inflation and Fed moves or lack thereof.

https://youtu.be/30sc0Lp4M9s

Trisha Curtis and Ethan Bellamy come out swinging in the second part of this windy and nerdy two parter. They get into the color and commentary in BP’s Q1 2021 earnings call and the major themes discussed including EV charging stations in the UK and Europe, offshore wind, and BP’s move from an IOC to an IEC. And then Trisha and Ethan bring this two-part episode full circle by getting into the Arab News interview with Saudi Arabia’s Crown Prince Mohammed Bin Salman and his comments on US and Russian oil supply.

Trisha and Ethan’s discussion on this interview and how MBS thinks and how it relates to the global oil market and the energy transition makes this a must listen to episode.

Recorded on March 17, 2025 and March 19, 2025 Episode 128 of the PetroNerds podcast is an exceptionally timely jam-packed market update on the economy and the health of the US consumer. This a St. Patrick's Day special and Trisha Curtis, CEO of PetroNerds, gets into the color of Kohl's earnings call talking about pressure on discretionary spending for lower income consumers, Costco's earnings call talking about pressure on the higher income consumer, and the major airlines talking about changes in consumer sentiment and shifts in flying. She talks about the Federal Reserve's commentary on the US economy, growth, and unemployment. She discusses inflation and the impact of lasting inflation on the consumer, the average hourly work week, and what is happening under the hood in employment. Trisha also discusses President Trump and the Secretary of Treasury's comments on recession vs. a pullback in the stock market, jobs cuts in DC from the government to contractors, tariffs, oil prices, and geopolitics. PetroNerds and Trisha Curtis are NOT advising on stocks or investments in any form. https://youtu.be/OaJkh84vf40

https://youtu.be/fHoY82nP5Jg

Episode 13 of the PetroNerds podcast is part 1 of a nerdy two parter on oil prices, oil demand outlooks, US oil demand, OPEC plus, Biden’s recent policy moves, and the Senate hearing on the suspension of oil and gas leasing on Federal Land, pending review.  This episode covers a lot of ground and is very timely. 

You are not going to want to miss it.  Stay tuned for part two, episode 14 where Trisha and Ethan get into the BP earnings call and the interview with Saudi Arabia’s Crown Prince Mohammad Bin Salman or MBS.

https://youtu.be/oIeCf40xZbU

In episode 12 of the PetroNerds podcast, Trisha Curtis sits down with Louis Baltimore of Hyliion trucking. Trisha and Louis talk about natural gas combined with battery technology in the trucking space and what types of solutions Hyliion has to offer the market.

This is the first interview/discussion with a guest on the PetroNerds podcast. Trisha and Louis get into discussions of the role of natural gas in the trucking space, the market in the US, and potential markets abroad.

https://youtu.be/CiVuLuppS0I

Trisha Curtis and Ethan Bellamy take it into overdrive with a dense and timely podcast covering everything from DAPL to Iran. They discuss IEA’s oil demand increase, oil prices, US efficiency gains, the merits of hedging, the potential nuclear deal with Iran, Iran’s uranium enrichment, and what it means if Iran adds barrels to the market. They get into two recent Bloomberg articles on Chinese solar panels in Xinjang and BP’s selloff of Alaska, and bring it home with an update on the Dakota Access pipeline hearing and Trisha’s more nuanced take on legal precedent vs. Army Corp punting.

(Trisha accidentally said Guernsey is in southwest Wyoming when she meant to say Guernsey was in southeast Wyoming, just off the border of Nebraska.)

https://youtu.be/acQ6om9uc6k

In episode 10 of the PetroNerds podcast, Trisha and Ethan continue the discussion of the Permian Basin’s rising rig count, oil prices, and spare OPEC Plus capacity. They also begin what is sure to be a more lengthy discussion on Biden’s Infrastructure Plan and associated Tax Plan, what Trisha calls unfair comparisons to China, and go through the Department of Interior’s nearly four hour virtual forum on oil and gas leasing on Federal Land and Offshore Waters and the executive order on Climate Change, which prompted the forum and review.

(Note and clarification. As of January 2021, Doublepoint Energy, LLC was producing over 60,000 bd with nearly all of the production coming from 184 horizontal wells. Doublepoint has 184 active horizontals and 386 active vertical wells according to Enverus.)

https://youtu.be/-WYoqehIpDs

In the 9th episode of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy talk about the rise in the US rig count, OPEC Plus adding barrels to the market, the role of the Saudis in these moves, oil demand and oil supply, oil demand growth in the US, China importing 1 mbd from Iran, and the trouble with Indian and Chinese coal consumption and CO2 emissions.

https://youtu.be/-WYoqehIpDs

In Episode 8, part two of the St. Paddy’s day doubleheader, Trisha and Ethan crush on Chevron (CVX) and the company’s approach to the energy transition and short cycle economics, pick apart China’s five-year plan, and analyze the Biden administration’s foreign policy moves. Trisha smacks Ethan during the show – a standard feature of this healthy podcast relationship from Trisha’s dining room table.

Other mentions: Ethan applauds Chuck Yates’ dad who sheltered the Yates clan with solar and batteries during Uri, and talk about the merits of Generac’s standby generators for emergency weather. True Companies. Tallgrass. Robert Norton. Deb Haaland, the new Secretary of the Interior. Kinder Morgan. Mountain Valley Pipeline. Dakota Access. Chinese Capitalism. Hong Kong. Chinese and Indian coal.

https://youtu.be/B98nURAjVCo

Trisha Curtis and Ethan Bellamy bring you a special two part St. Patrick’s Day special diving into hot oil prices, inflation, OPEC Plus compliance, and a real discussion and attempt to help listeners define and better understand the term “energy transition” and give it some actual context.

Episode 7 is part 1 of this not to be missed discussion on what the energy transition is and how academics are defining it as well as a discussion on the newly released and rather controversial IEA 2021 Oil Report released on March 17, 2021 with some very aggressive oil demand reduction forecasts. Trisha talks about oil demand forecasts, the concept of the energy transition, and begins getting into China and their new 5 Year Plan.

https://youtu.be/rIZD_icKX-A

This is a timely and must listen to episode of the PetroNerds podcast. This is one of the first Digital Wildcatter podcast mashups. Trisha Curtis shares the stage with the first guest co-host of the podcast, Robert Norton.

Robert is filling in for Ethan Bellamy this week and is another midstream expert and economist. Trisha and Robert discuss all things related to weather and energy after the major storm that rocked Texas and much of the US during the second week of February and get into the weeds of pipelines, production, and power failures.

They also discuss Colorado’s proposed ban for natural gas in new builds and propane and Enbridge Line 5 in Michigan. The letter from the state of New Mexico to the Department of Interior is discussed, calling out the unfairness of recent legislation impacting New Mexico which has more Federal Land than Texas. Inflation and the run up in oil prices is discussed at length. And Trisha gets into the weeds on the recent meeting of Oil Ministers and oil majors in Riyadh for the IEF/OPEC meeting where both BCG and BP comment on ESG and the market misunderstanding that oil companies still need to invest in oil.

https://youtu.be/2C7GrcnV8U0

In this episode of the PetroNerds podcast, Trisha and Ethan discuss the rise in oil prices, the launching of the PetroNerds podcast, the launch and rebranding of the PetroNerds website, the Executive Order on Tackling Climate Change and the impact it will have on existing permits in New Mexico. This podcast brings the heat and is a must listen to episode. Trisha goes through the majors, their earnings and highlights, and calls out BP for their embracement of strong US regulations, big bets on renewables, and claims that Rosneft’s greenhouse gas emissions for crude oil are actually lower than BP’s. Trisha and Ethan also discuss the fate of the Dakota Access Pipeline and the alternative routes and paths for Williston Basin production should this 570,000 b/d pipeline be emptied.

https://youtu.be/GGjYMBahKeA

This is the must listen to episode on the major moves by the Biden administration within hours of taking office. The cancelation of the Keystone XL pipeline and Order No. 3395 by the acting Secretary of Interior suspending permits to drill oil and gas wells on Federal Land as well as Indian Land have massive and lasting market implications. Trisha and Ethan get into the weeds on these market impacts and what these measures mean for US and Canadian oil production.

Recorded on March 7, 2025 and February 28, 2025 Episode 127 of the PetroNerds podcast is another energy dense and intel rich jam packed podcast on everything you need to know to get you caught up on the oil market and the economy. This podcast is the conversation between Jason Isaac, CEO of the American Energy Institute, and Trisha Curtis, CEO of PetroNerds, recorded as a livestream on February 28th, 2025. Trisha introduces this podcast with a fresh market update talking about oscillating volatility, oil prices, the stock market, oil demand and tariff fears. She gets into the Federal Reserve's comments on the economy and the fears and nervousness in the market. Trisha spends time talking about what is going on in the stock market, in the economy, and what is happening in oil prices with supply and demand. She talks about US production at 13.5 mbd, the rig count and private companies, OPEC production increases and the Saudi nod to Trump, Saudi and Russian production, Iran sanctions, Russia and Ukraine and additional peace deal meetings and the impact on oil prices and natural gas prices. Trisha also talks about Chris Wright's comments on oil prices. One of the biggest questions the industry is asking right now is "what price does Trump want for oil?" She also addresses the SPR and refilling the SPR and how that can be used to put a floor on oil prices. And yes, she does this all in 20 minutes. The hour-long conversation between Trisha and Jason proceeds with more color and detail on all of the above and the latest economic trends in oil, natural gas, and coal, Federal energy policies, tariffs, the market, China, and the first 39 days of the Trump administration. Jason also gets into the state level. This podcast is sponsored by Efficient Markets. Reach out to PetroNerds at https://petronerds.com/. https://youtu.be/r7-WmGRE6zM

https://youtu.be/_7_JK-JjZuA

Trisha Curtis and Ethan Bellamy dissect the OPEC Plus meeting the first week of January and the surprise 1 mbd cut by the Saudis, and Trisha explains her more nuanced views on how the Russians and the Saudis are viewing near term demand and oil prices. WTI is $52 and Brent is $55. 

Ethan and Trisha get nerdy on European oil companies ENI and BP. Trisha talks about ENI’s comments regarding the to push to lower breakeven prices into the low $40s/barrel and Rosneft moving into the Arctic, a company BP has a large stake in. 

Trisha gets into the weeds on BP’s “peaked demand” outlook and Ethan discusses LNG exports, the US’ maxed out capacity, and pipeline buildout across the major gas plays.   

And yes, Trisha and Ethan discuss and predict a ban on fracing and leasing on Federal land by the Biden administration.  

They continue to discuss their thoughts and projections on US oil and gas supply.  

Correction – Trisha mistakenly said Permian Basin production was 3.9 mbd prior to COVID, but meant 4.9 mbd. To clarify, production is now around 4.2 mbd.”

https://youtu.be/NZrt2-V_XNE

Trisha Curtis and Ethan Bellamy continue to dive into the oil market and discuss why oil prices are rising in the face of renewed COVID related shutdowns, rising Libyan output, and muted demand outlooks released by the IEA and OPEC in mid-December. WTI sits at $49 and Brent at $52. Trisha talks about the increased number of operators in the Permian Basin and many smaller operators that have returned to drilling in recent weeks. Ethan talks about take away capacity for gas in the Permian and Haynesville. And Trisha comments on Biden’s cabinet picks, the importance of methane emissions, and in the increased regulatory burdens the US oil and gas industry is about to face. This is another must listen to episode.

https://youtu.be/ngEVv8sekJM

In the first episode and official reboot of the PetroNerds podcast (thank you Digital Wildcatters), Trisha Curtis and Ethan Bellamy address the global oil market, the US oil market, COVID, and the role of $50 oil in detail. Trisha dives into the importance of $50 oil and why it is a magic number for shale, Saudi Arabia, and Russia. She also discusses the impact of a likely ban on fracing on Federal land and the pending regulations coming at the oil and gas industry. Trisha gets into the controversial weeds of shale productivity gains, frac sand, third quarter moves into natural gas by EOG and Liberty Oilfield Services, and the role of efficiency gains. They discuss the fundamentals of the oil market as of December 6th, 2020 and put oil demand in context. Peak demand, the COVID vaccine, the oil price recovery and the market’s misguided understanding of demand are just of few of the many topics covered in the first and must listen to (and watch) PetroNerds podcast.