Energy Recovery Brings Silicon Valley Tech to Fracking

The transcript discusses the role of new technology in enhancing market efficiency, particularly in the oil and gas sector. It highlights a licensing deal with Schlumberger and the company's impressive stock performance. The influence of Silicon Valley on innovation is explored, along with challenges related to water technology in California. The discussion extends to fracking, global oil supply issues, and the potential impact of OPEC's production decisions on market dynamics.

What is the main advantage of the company's technology in a bearish market?

• It increases the cost per barrel.

• It plays on efficiencies and reduces costs.

• It is exclusive to offshore operations.

• It is not affected by market conditions.

What is the company's trading valuation mentioned in the transcript?

• 10 times EBITDA

• 25 times EBITDA

• 17 times EBITDA

• 30 times EBITDA

How does the company view its relationship with Silicon Valley?

• As a broader part of the innovation culture

• As a traditional business model

• As an unrelated entity

• As a competitor

What was the company's core market before hydraulic fracturing technology?

• Oil drilling

• Solar energy

• Reverse osmosis desalination

• Natural gas extraction

What challenge does the company face in California regarding water technology?

• High production costs

• Limited market demand

• Environmental lobby resistance

• Lack of technology

What percentage of global supply does North American production represent?

• 13%

• 5%

• 40%

• 25%

What is the expected market reaction if OPEC curbs production?

• A surplus in oil supply

• A decrease in oil prices

• A sharp return to form with increased prices

• No change in market dynamics