Reed sat down with Tadd Wallace, the guy steering the ship at C3 Oilfield Services, and let’s just say this one’s packed with real-deal oilfield wisdom. From breathing new life into old conventional wells to experimenting with hydrocarbon-based fluids, Tadd’s got a playbook that blends tradition with innovation. We got into the nitty-gritty of how veteran knowledge, shared data, and a little outside-the-box thinking can completely change the game when it comes to efficiency and production. It’s part war stories, part strategy session, and all about how the oil patch keeps evolving.

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00:00 – Intro
01:58 – Importance of Conventional Wells
09:40 – Recovery Factors in Oil Production
11:00 – Conventional vs Unconventional Resources
14:15 – Data Sharing in Oilfield Operations
17:10 – Financial Challenges in the Shale Revolution
19:25 – Future of Natural Gas Industry
20:30 – AI Innovations in Oilfield Services
25:00 – C3 Oil Field Services Overview
31:21 – Managing Water Damage in Oilfields
38:07 – Understanding Clay Swelling Issues
39:14 – Variability of Clay Types in Drilling
44:08 – The Role of Prayer in Business
46:01 – Permeability in Shale Formations
50:58 – Understanding Miscibility in Oil Recovery
57:46 – Accessing Linde’s Patents for Innovation
01:00:54 – Operating Strategies in the Oilfield
01:02:34 – Cost Management in Oil Business
01:05:10 – Learning from Practical Field Experience
01:09:45 – Data Sharing Enhancements
01:13:03 – Overcoming Machine Limitations
01:16:02 – Effective Sales Processes in Oilfield
01:17:51 – AI Applications in Sales Strategies
01:21:15 – Letting Work Speak for Itself
01:22:39 – Building a Service Company
01:25:39 – Rethinking Expert Hiring Practices
01:27:08 – Education Needs in Oilfield Industry
01:29:28 – Commoditization of Oilfield Services
01:32:02 – Addressing Aging Workforce Challenges
01:36:08 – Importance of Nuance in Operations
01:39:42 – Unique Characteristics of Each Well
01:40:45 – Profitability of Shale Wells
01:49:54 – Opportunities in Conventional Oil Space
01:52:55 – Negotiating in Conventional Oil Business
01:53:15 – The Cost of Freedom in Business
01:54:08 – Attracting the Right Investors
02:01:18 – Family Dynamics in Business Transactions
02:05:23 – Starting Your Own Business Advice
02:09:29 – Acknowledging Support Along the Journey
02:11:38 – Persistence in the Industry
02:12:27 – Early Collaboration Experiences
02:14:58 – How to Reach Out
02:17:20 – The Impact of Today’s Actions
02:23:51 – Understanding Nepotism in Business
02:25:57 – Close Connections in Hiring Practices
02:28:13 – Joining Family Business Dynamics
02:28:54 – Humorous Anecdotes
02:30:40 – Wrapping Up the Discussion
02:36:44 – Embracing Challenges as Growth
02:38:05 – Building Confidence in Business
02:40:35 – Importance of Mentorship
02:47:53 – Outro
02:48:05 – Final Thoughts and Reflections
02:49:09 – Tad’s Childhood Insights
02:49:58 – Significance of Current Endeavors
02:50:22 – Matt’s Concluding Thoughts

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