Sarp Ozkan's guest appearances

Sarp Ozkan

Texas Oil and Gas Podcast

Energy Week

Bring in the Closers

The Energy Question

Joe Dancy

Ted Cruz

Sergio Chapa

Allen Gilmer

David Blackmon

Elon Musk

Robbin Goodman

Dan Steffens

Bush China

Rob George

Todd Staples

Scott Pruitt

Matthew Crawford

Michael Parrella

Eric Peters

OwlTail

Tim Stewart

In Episode 3 of The Energy Question with David Blackmon, David and Stu Turley interview Sarp Ozkan, Vice President of Commercial Product at Enverus and Tim Stewart, President of the U.S. Oil &amp; Gas Association, for their respective takes on the "Inflation Reduction Act" passed by the Democratic Party and signed into law by president Joe Biden.

In Episode 3 of The Energy Question with David Blackmon, David and Stu Turley interview Sarp Ozkan, Vice President of Commercial Product at Enverus and Tim Stewart, President of the U.S. Oil &amp; Gas Association, for their respective takes on the "Inflation Reduction Act" passed by the Democratic Party and signed into law by president Joe Biden.

Episode 3: Enverus Vice President Sarp Ozkan and USOGA President Tim Stewart

Connect with Sarp on LinkedIn - https://www.linkedin.com/in/sarpozkan/DrillingInfo.com - https://info.drillinginfo.com/Occidental and Anadarkohttps://www.reuters.com/article/us-anadarko-petrol-m-a-occidental-exclus/exclusive-anadarko-to-pursue-deal-talks-with-occidental-petroleum-sources-idUSKCN1S5043Occidental was vying for Anadarko before Chevron made deal to buy Anadarko, but now Anadarko is entering into negotiations with Occidental.Sources say Chevron will be allowed to match a deal made with Occidental but if Chevron loses out in the end then Anadarko will have to pay Chevron $1 billionWhere does this leave either company? Will the loser look for a consolation company to buy?Russian oil contaminatedhttps://www.cnbc.com/2019/04/25/russia-oil-germany-and-poland-suspend-imports-via-russian-pipeline.htmlGermany, Poland, Belarus, Czech Republic halted imports from Russia through Druzha line because of contamination, also several tankers of contaminated crude left Baltic port700,000 bpd of oil impacted - contaminated with organic chloride, a chemical that is used to boost production but has to be separated from the crude before transporting it because it can damage refining equipmentClean oil expected to have started flowing April 29 - loss can be made up in about 3 days.Trump on defending Saudi Arabiahttps://dailycaller.com/2019/04/27/trump-losing-ass-defending-saudis?Trump compares Saudi Arabia to a delinquent tenantIt’s going to be a battle of perception - whether or not Trump can portray the Saudis as subservient to him vs. whether Khalid al Falih can convince world (and especially OPEC) that Saudi oil production serves no one but Saudi interests first.Trump V OPEC and oil priceshttps://www.wsj.com/articles/opec-saudi-officials-havent-spoken-with-trump-about-oil-prices-11556304536In that ongoing battle, Trump said he “called up OPEC” to bring down oil prices. This comment send oil prices down on Friday, but then OPEC Sec. General and Saudi oil minister countered by saying neither of them has spoken to Trump about oil prices. (Trump may have been referring to King Salman?)Question is - how long can this back and forth go on before traders stop paying attention to it?Interview with Sarp Ozkan, Director of Energy Analysis at Drilling Info - IMO 2020 reporthttps://info.drillinginfo.com/blog/imo-2020-potential-impacts-and-coker-refinery-case-study/Jan 1, 2020 important date for all ships because IMO asking all ships to reduce sulfur content in fuel from 3.5% to 0.5%.THere are 3 ways: lower sulfur fuels (likely most chosen route), installing scrubbers on ships, switching to alternative fuels (requires retrofitting)Refineries will be impacted the most, will have to change the way they refine heavier crude oils that have a lot of sulfur to get the sulfur content in fuel down.Refineries in the U.S. are most impacted because they are complex and have coking units. Refineries abroad will have to use lighter crude oil.Refinery margins will be impacted - whenever refineries change from their usual crude there is a loss in efficiency. Refineries will have higher gasoline yield instead of distillate. But distillate has better margins.But US refineries will be able to make more distillate.Will we see even higher oil exports from the US because foreign refineries will want to purchase lighter crude? We might see some producers in the US realize an uptick in price relative to the benchmark crude.The U.S. will likely continue to export heavier crude because their units can produce more distillate because that will go into the bunker pool. U.S. refineries will stay spected the way they are because they can deal with this change. Refineries abroad aren’t ready to deal with very very light shale crude.CNG is a fuel under consideration, as well as nuclear. Those are the two alternative fuel options. But its basically like building a new fleet. Switching cost is very expensive. Would also require ports to provide that fuel as well. Most switching will be regional and won’t have as great an impact as the switch to lower sulfur fuel.Enforcement? “We’re waiting to see what enforcement will look like as well.” Police won’t be pulling ships over on the high seas to check sulfur content of fuel, that’s for sure.Fluctuation in prices towards the end of the year as this rolls out or is it all baked in? Believes prices will be impacted even though everyone has known about this for a long time. Main impact will be on distillate grades. Impact on diesel market could be significant - 15%!It really comes down to the flow of crude oil and how its going to change around the world. U.S. oil imports haven’t changed in 3 years even though domestic production has increased. More light crude being exported. Possible we could see an increase in U.S. oil imports as more U.S. light oil goes abroad.Contact Drilling Info at www.drillinginfo.com

Connect with Sarp on LinkedIn - <a href="https://www.linkedin.com/in/sarpozkan/" rel="noopener nofollow" target="_blank">https://www.linkedin.com/in/sarpozkan/</a> <a href="http://DrillingInfo.com" rel="nofollow" target="_blank">DrillingInfo.com</a> - <a href="https://info.drillinginfo.com/" rel="noopener nofollow" target="_blank">https://info.drillinginfo.com/</a> Occidental and Anadarko <a href="https://www.reuters.com/article/us-anadarko-petrol-m-a-occidental-exclus/exclusive-anadarko-to-pursue-deal-talks-with-occidental-petroleum-sources-idUSKCN1S5043" rel="noopener nofollow" target="_blank">https://www.reuters.com/article/us-anadarko-petrol-m-a-occidental-exclus/exclusive-anadarko-to-pursue-deal-talks-with-occidental-petroleum-sources-idUSKCN1S5043</a> Occidental was vying for Anadarko before Chevron made deal to buy Anadarko, but now Anadarko is entering into negotiations with Occidental. Sources say Chevron will be allowed to match a deal made with Occidental but if Chevron loses out in the end then Anadarko will have to pay Chevron $1 billion Where does this leave either company? Will the loser look for a consolation company to buy? Russian oil contaminated <a href="https://www.cnbc.com/2019/04/25/russia-oil-germany-and-poland-suspend-imports-via-russian-pipeline.html" rel="noopener nofollow" target="_blank">https://www.cnbc.com/2019/04/25/russia-oil-germany-and-poland-suspend-imports-via-russian-pipeline.html</a> Germany, Poland, Belarus, Czech Republic halted imports from Russia through Druzha line because of contamination, also several tankers of contaminated crude left Baltic port 700,000 bpd of oil impacted - contaminated with organic chloride, a chemical that is used to boost production but has to be separated from the crude before transporting it because it can damage refining equipment Clean oil expected to have started flowing April 29 - loss can be made up in about 3 days. Trump on defending Saudi Arabia <a href="https://dailycaller.com/2019/04/27/trump-losing-ass-defending-saudis" rel="noopener nofollow" target="_blank">https://dailycaller.com/2019/04/27/trump-losing-ass-defending-saudis</a>? Trump compares Saudi Arabia to a delinquent tenant It’s going to be a battle of perception - whether or not Trump can portray the Saudis as subservient to him vs. whether Khalid al Falih can convince world (and especially OPEC) that Saudi oil production serves no one but Saudi interests first. Trump V OPEC and oil prices <a href="https://www.wsj.com/articles/opec-saudi-officials-havent-spoken-with-trump-about-oil-prices-11556304536" rel="noopener nofollow" target="_blank">https://www.wsj.com/articles/opec-saudi-officials-havent-spoken-with-trump-about-oil-prices-11556304536</a> In that ongoing battle, Trump said he “called up OPEC” to bring down oil prices. This comment send oil prices down on Friday, but then OPEC Sec. General and Saudi oil minister countered by saying neither of them has spoken to Trump about oil prices. (Trump may have been referring to King Salman?) Question is - how long can this back and forth go on before traders stop paying attention to it? Interview with Sarp Ozkan, Director of Energy Analysis at Drilling Info - IMO 2020 report <a href="https://info.drillinginfo.com/blog/imo-2020-potential-impacts-and-coker-refinery-case-study/" rel="noopener nofollow" target="_blank">https://info.drillinginfo.com/blog/imo-2020-potential-impacts-and-coker-refinery-case-study/</a> Jan 1, 2020 important date for all ships because IMO asking all ships to reduce sulfur content in fuel from 3.5% to 0.5%. THere are 3 ways: lower sulfur fuels (likely most chosen route), installing scrubbers on ships, switching to alternative fuels (requires retrofitting) Refineries will be impacted the most, will have to change the way they refine heavier crude oils that have a lot of sulfur to get the sulfur content in fuel down. Refineries in the U.S. are most impacted because they are complex and have coking units. Refineries abroad will have to use lighter crude oil. Refinery margins will be impacted - whenever refineries change from their usual crude there is a loss in efficiency. Refineries will have higher gasoline yield instead of distillate. But distillate has better margins. But US refineries will be able to make more distillate. Will we see even higher oil exports from the US because foreign refineries will want to purchase lighter crude? We might see some producers in the US realize an uptick in price relative to the benchmark crude. The U.S. will likely continue to export heavier crude because their units can produce more distillate because that will go into the bunker pool. U.S. refineries will stay spected the way they are because they can deal with this change. Refineries abroad aren’t ready to deal with very very light shale crude. CNG is a fuel under consideration, as well as nuclear. Those are the two alternative fuel options. But its basically like building a new fleet. Switching cost is very expensive. Would also require ports to provide that fuel as well. Most switching will be regional and won’t have as great an impact as the switch to lower sulfur fuel. Enforcement? “We’re waiting to see what enforcement will look like as well.” Police won’t be pulling ships over on the high seas to check sulfur content of fuel, that’s for sure. Fluctuation in prices towards the end of the year as this rolls out or is it all baked in? Believes prices will be impacted even though everyone has known about this for a long time. Main impact will be on distillate grades. Impact on diesel market could be significant - 15%! It really comes down to the flow of crude oil and how its going to change around the world. U.S. oil imports haven’t changed in 3 years even though domestic production has increased. More light crude being exported. Possible we could see an increase in U.S. oil imports as more U.S. light oil goes abroad. Contact Drilling Info at <a href="http://www.drillinginfo.com" rel="noopener nofollow" target="_blank">www.drillinginfo.com</a>

Episode 65 - Oxy and Anadarko | Contaminated Russian Oil | Trump | Sarp Ozkan (DrillingInfo.com)

Connect with David on LinkedIn - https://www.linkedin.com/in/blackmon-david-2325189/Shale Magazine - https://shalemag.com/DrillingInfo.com - https://info.drillinginfo.com/The Fundamental Edge Report - https://info.drillinginfo.com/fundamentaledge-permian-basin/The Texas Oil and Gas Podcast is brought to you by Baffin Bay Rod and Gun: https://www.baffinbayrodandgun.com/Come fishing with Ryan and Josh! - http://www.texasoilandgaspodcast.com/fishing/Leave a 5 star rating and review! - http://apple.co/2mkM3ASContact the show via text or voicemail - 318-599-9192Visit our website - http://www.texasoilandgaspodcast.com/Connect with Ryan - http://bit.ly/2lLX1uhConnect with Josh - http://bit.ly/2W90MgrBuy Ryan's book - https://amzn.to/2CBOtAoGet an interview on the Oil and Gas Contractor's Connect Podcast! - nate.hansen@gor2.com

Connect with David on LinkedIn - <a href="https://www.linkedin.com/in/blackmon-david-2325189/" rel="noopener nofollow" target="_blank">https://www.linkedin.com/in/blackmon-david-2325189/</a> Shale Magazine - <a href="https://shalemag.com/" rel="noopener nofollow" target="_blank">https://shalemag.com/</a> <a href="http://DrillingInfo.com" rel="nofollow" target="_blank">DrillingInfo.com</a> - <a href="https://info.drillinginfo.com/" rel="noopener nofollow" target="_blank">https://info.drillinginfo.com/</a> The Fundamental Edge Report - <a href="https://info.drillinginfo.com/fundamentaledge-permian-basin/" rel="noopener nofollow" target="_blank">https://info.drillinginfo.com/fundamentaledge-permian-basin/</a> The Texas Oil and Gas Podcast is brought to you by Baffin Bay Rod and Gun: <a href="https://www.baffinbayrodandgun.com/" rel="noopener nofollow" target="_blank">https://www.baffinbayrodandgun.com/</a> Come fishing with Ryan and Josh! - <a href="http://www.texasoilandgaspodcast.com/fishing/" rel="noopener nofollow" target="_blank">http://www.texasoilandgaspodcast.com/fishing/</a> Leave a 5 star rating and review! - <a href="http://apple.co/2mkM3AS" rel="noopener nofollow" target="_blank">http://apple.co/2mkM3AS</a> Contact the show via text or voicemail - 318-599-9192 Visit our website - <a href="http://www.texasoilandgaspodcast.com/" rel="noopener nofollow" target="_blank">http://www.texasoilandgaspodcast.com/</a> Connect with Ryan - <a href="http://bit.ly/2lLX1uh" rel="noopener nofollow" target="_blank">http://bit.ly/2lLX1uh</a> Connect with Josh - <a href="http://bit.ly/2W90Mgr" rel="noopener nofollow" target="_blank">http://bit.ly/2W90Mgr</a> Buy Ryan's book - <a href="https://amzn.to/2CBOtAo" rel="noopener nofollow" target="_blank">https://amzn.to/2CBOtAo</a> Get an interview on the Oil and Gas Contractor's Connect Podcast! - <a href="mailto:nate.hansen@gor2.com">nate.hansen@gor2.com</a>

Episode 98 - David Blackmon for Josh | Your questions answered | Sarp Ozkan with DrillingInfo