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Speaker 1: Coming up, we will talk to the CEO of rigzone

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Speaker 1: dot com, which is the place to get energy news.

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Speaker 1: It's a place where energy companies find people to hire,

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Speaker 1: and it's for the place where if you want to

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Speaker 1: get into the burgeoning energy industry, it's the place for

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Speaker 1: you to go. But on this day in history, yesterday,

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Speaker 1: we didn't get to it. World Health Organization declared the

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Speaker 1: COVID nineteen pandemic to be a public health emergency. Well,

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Speaker 1: we had a great and I mean great in turn

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Speaker 1: a couple of years ago, back in twenty twenty two.

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Speaker 1: Name's Victoria Ryan. She's gone on to excellence in her career.

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Speaker 1: She was a student at Texas A and M at

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Speaker 1: the time. Her father read Ryan's a friend of mine

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Speaker 1: and her grandfather Nolan Ryan. And we asked her to

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Speaker 1: share with us how the COVID response affected her as

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Speaker 1: a high school student and a college student, and I

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Speaker 1: thought she was brilliant.

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Speaker 2: COVID nineteen the disease that defined our lives in twenty twenty,

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Speaker 2: Chinese health authorities are still working to identify the virus

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Speaker 2: behind a pneumonia outbreak in the central city of one.

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Speaker 2: At least fifty nine people are believed to have been

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Speaker 2: sickened by the new virus.

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Speaker 3: Tonight, US airports on Ohiomork screening passengers, SUSY.

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Speaker 1: Declared the coronavirus and mobilizing the National Guard to help

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Speaker 1: overwhelm hospitals.

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Speaker 4: I know we've all heard about COVID for the past

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Speaker 4: two and a half years. It feels like it's all

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Speaker 4: we've talked about. We discussed and argued over lockdowns, quarantines,

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Speaker 4: school closures, business closures, health problems, vaccines, and so many others.

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Speaker 5: The breaking news stay at home. That is the order

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Speaker 5: tonight from four state governors as the coronavirus pandemic spreads

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Speaker 5: New York, California, Illinois, and Connecticut, all ordering non essential

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Speaker 5: employees to stay home. As the crisis sweeps the nation.

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Speaker 2: We may never really return to the normal life that

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Speaker 2: we once had.

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Speaker 4: However, something that I've not heard much conversation about has

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Speaker 4: been the ramifications of COVID on Generation Z. For me,

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Speaker 4: the peak of COVID took place my last year of

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Speaker 4: high school. Canceling the last three months of my senior year.

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Speaker 2: Ordered all schools closed.

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Speaker 6: It's a desperate measure that could have far reaching impacts.

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Speaker 4: We continued under lockdown procedures until the beginning of the summer,

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Speaker 4: but remained having restrictions all the way through the end

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Speaker 4: of my freshman year of college. This has been the

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Speaker 4: same for most colleges across Texas, and for colleges outside

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Speaker 4: of the state, probably more severe than this.

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Speaker 7: My school where I'm from has really been impacted by

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Speaker 7: the virus.

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Speaker 1: We expected something to happen soon, but we didn't know

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Speaker 1: it would be this drastic so quickly.

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Speaker 8: When my chancellor first sent out an email telling us

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Speaker 8: that QCSB is going over moll at hours so shocked.

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Speaker 3: No one knows what's happening, But in terms of the

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Speaker 3: professors and the universities, they're doing the best they can.

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Speaker 3: They don't know how to cope, just as much as

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Speaker 3: we don't know how to cope.

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Speaker 4: My freshman year of college I learned less than I

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Speaker 4: ever have before, not because I picked a bad university

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Speaker 4: or because I had bad professors. I actually think the

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Speaker 4: exact opposite, but rather because zoom learning and hybrid learning

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Speaker 4: are simply not an adequate replacement for being in a classroom.

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Speaker 4: Students everywhere felt this extreme lack in their education. I

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Speaker 4: do remember having a couple of breakdowns, and I was

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Speaker 4: texting my friends.

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Speaker 1: Like, why am I having so many mental breakdowns?

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Speaker 3: Online school isn't giving me more of stress than aring

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Speaker 3: school did.

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Speaker 4: And from what I've heard, this was much worse in

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Speaker 4: high schools across the country.

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Speaker 2: We're all really struggling.

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Speaker 1: Sucks definitely, that's interested.

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Speaker 5: In the fall of twenty twenty alone, over fifty six

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Speaker 5: percent of students said their stress related to school increased

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Speaker 5: compared to the time before coronavirus. The study also found

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Speaker 5: forty one percent said their effort toward learning decreased.

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Speaker 1: My attention definitely decreasing.

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Speaker 2: I'm still surprised that how much online's affecting you.

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Speaker 4: Learning obviously suffered, as did social skills, extracurriculars, job searching,

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Speaker 4: and overall development. But the most significant ramification that I've

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Speaker 4: seen in my generation as a result of the COVID

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Speaker 4: response has been in the mental health sector.

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Speaker 3: Being here in Ela County, where the cases are soaring

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Speaker 3: and doubling and tripling with each day, is really heightening

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Speaker 3: my fear. When I came home yesterday, I had a

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Speaker 3: lot of paranoia around. I really just sat through a flight.

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Speaker 3: I really just went through two of the biggest airports

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Speaker 3: and who knows what I touched.

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Speaker 4: I've seen a considerable uptick in the number of peers

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Speaker 4: I have struggling with mental health issues from early twenty

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Speaker 4: twenty to now. I would say that in general, people

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Speaker 4: that I know who are medicated for depression and anxiety

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Speaker 4: has at least doubled, but the overall sense of self worth, independence,

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Speaker 4: and self confidence has decreased at a much greater margin

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Speaker 4: than that. We are not intended to live in isolation,

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Speaker 4: especially as teenagers and young adults, and we are just

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Speaker 4: beginning to see the consequences of living that lifestyle for

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Speaker 4: about a year.

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Speaker 1: There's a distinction between social distancing and social isolation. But

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Speaker 1: it's not only our seniors who are impacted, and as

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Speaker 1: this pandemic continues, the mental health tool will grow.

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Speaker 2: That it's important conversation to have every day, especially right

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Speaker 2: now as many of us grapple with the effects of

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Speaker 2: a nearly year long pandemic.

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Speaker 4: Kids and teens may develop serious mental health conditions because

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Speaker 4: of the pandemic, including PST For my generation, it's frustrating

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Speaker 4: that something that was supposed to be protecting our health

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Speaker 4: ended up being the root cause for more mental health

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Speaker 4: issues than the world has ever seen before. It's understandable

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Speaker 4: that our leaders made blanket decisions out of fear when

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Speaker 4: COVID was first occurring. Everyone was scared. However, making decisions

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Speaker 4: out of fear doesn't take away from the consequences of

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Speaker 4: those decisions. Part of the responsibility of being a leader

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Speaker 4: is being able to adapt and change course and the

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Speaker 4: decisions you make, and ultimately admitting when well intentioned mandates fail.

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Speaker 4: We all know that didn't take place.

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Speaker 8: Making sure healthcare workers are vaccinated because if you seek

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Speaker 8: care at a health care for scility, you should have

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Speaker 8: a certainty that the people providing that care are protected

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Speaker 8: from COVID and cannot spread it to you.

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Speaker 2: Fully vaccinated people do have the potential to be able

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Speaker 2: to transmit COVID. Nineteen, we are seeing an outbreak of

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Speaker 2: the unvaccinated.

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Speaker 4: We're increasingly hearing about fully vaccinated people infected with COVID.

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Speaker 8: This is a pandemic of the unvaccinated.

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Speaker 1: There were two people in our group in Kate cod

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Speaker 1: and seven of the ten tested positive for COVID.

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Speaker 8: All of us vaccinated, and it's critical, critical, critical critic

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Speaker 8: that they follow the science.

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Speaker 1: It wasn't a common coal, the double vaccinated Torontonian caught.

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Speaker 1: It was COVID nineteen.

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Speaker 4: They're really criticizing science because I represent science for my generation.

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Speaker 4: It seemed as if political narratives took precedent over what

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Speaker 4: was it the best interest for overall health and safety.

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Speaker 4: And now Generation Z will forever live for these consequences.

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Speaker 1: Will fart hard for the freedom to hold The Michael

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Speaker 1: Berry Show. Ah your gender direction. So as you know,

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Speaker 1: we don't just talk politics on the Michael Berry Show.

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Speaker 7: We talk all sorts of things.

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Speaker 1: And I love to talk to business owners, business leaders,

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Speaker 1: see how they arrived where they are in their career,

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Speaker 1: See what decisions they're making today, See what the what

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Speaker 1: data they're getting, what trends they're seeing that the rest

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Speaker 1: of us don't see. And most of what we know

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Speaker 1: of what happens in the corporate boardroom, in the companies

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Speaker 1: on the warehouse floor is what is reported by the media,

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Speaker 1: and we know from politics that that's not always accurate.

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Speaker 1: So I like to go straight to the source. Oracle

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Speaker 1: is A has a product called NetSuite that is for

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Speaker 1: C level executives, and they have the cfo's Guide to

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Speaker 1: AI and Machine Learning that you can get at NetSuite

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Speaker 1: dot com, Forward slash Berry. They love our business stories

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Speaker 1: and we're going to be doing more of them. NetSuite

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Speaker 1: dot Com, Forward slash Barriers, Netsweet by Oracle, And what

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Speaker 1: it allows you to do is make decisions faster, whether

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Speaker 1: you're looking to buy a company, sell a division of

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Speaker 1: your company, you need to close out your books, and

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Speaker 1: it's taking months to do that Quickbrooks work for you,

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Speaker 1: and then your company grew and we know how important

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Speaker 1: AI is today. We know how important it is to

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Speaker 1: get data fast. NetSuite dot com Forward slash Berry for

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Speaker 1: the cfo's Guide to AI and Machine Learning and find

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Speaker 1: out why over forty one thousand businesses ramone have upgraded

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Speaker 1: to NetSuite by Oracle, Netsweet dot com, Forward slash Barry.

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Speaker 1: So I thought what we'd do because I'm fascinated, as

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Speaker 1: you know, by the energy industry and we talk about

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Speaker 1: it a lot. A lot of you send me emails

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Speaker 1: from the oil patch, whether you're on an offshore platform

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Speaker 1: or you're in downtown Houston in the c suite of

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Speaker 1: your own company, talking about the energy industry and insights.

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Speaker 1: And I thought, well, who better than Rigzone, which is

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Speaker 1: a a at the at the what's the term I'm

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Speaker 1: looking for the pivot point, the bullpen, you know, the

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Speaker 1: pictures mound of what's going on in in energy. So

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Speaker 1: Chad Norville their CEO, CFO, c HL, He's everything Ramon,

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Speaker 1: he has every title, he makes a lot of money.

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Speaker 1: He agreed to be our guest, and I'm honored that

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Speaker 1: he did.

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Speaker 2: Chad, like you don't have mentioned the money.

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Speaker 7: I mean, do I have.

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Speaker 1: To do I have to call you mister Norville? Or

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Speaker 1: can I call you Chad chat?

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Speaker 6: Please?

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Speaker 1: Do you have a secretary because people don't have secretaries anymore.

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Speaker 6: No, I don't have a secretary. Do you have an assistant? I? Well,

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Speaker 6: no I don't. Actually I don't have an assistant.

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Speaker 7: You don't have anything.

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Speaker 1: Nope, Man, I have an assistant and I'm nobody.

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Speaker 6: Wow, you're a little more than that, I think.

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Speaker 1: Does anybody at the company refer to you as mister Norville?

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Speaker 7: Be honest, No, they don't.

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Speaker 1: Do y'all have a mail runner?

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Speaker 2: No?

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Speaker 1: Do you have anything we used to have when I

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Speaker 1: started off in business in the early nineties.

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Speaker 2: No, it's technical, it's all. It's all email and and shot.

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Speaker 2: We we have a massive email system. Actually, that has

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Speaker 2: taken the place. We send over thirty million emails a month.

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Speaker 1: Well, I know what, That's not as interesting as knowing

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Speaker 1: like if I go to your kitchen on you what

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Speaker 1: floor of what floor are you on?

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Speaker 7: In your in your office building?

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Speaker 6: We're on the top.

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Speaker 7: I thought, for oh you heard that? Oh he's kind

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Speaker 7: of suddenly drop that. In what building?

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Speaker 6: Is it? Ron two ninety?

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Speaker 7: Okay?

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Speaker 1: If I go into the kitchen, there is there a

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Speaker 1: vending machine or a coke machine? And is the stuff

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Speaker 1: free to employees or do I have to pay for it?

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Speaker 2: It's tree We have cokes and sodas and water machines.

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Speaker 1: Chad, can I tell you a quick story before we

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Speaker 1: get into this. Chad Norville is the CEO of rigzone

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Speaker 1: dot com. By the way, So when I was a

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Speaker 1: college student, I had a classmate who was a little

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Speaker 1: older than me named Carl Barris. And Carl was a genius.

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Speaker 1: He was graduating from the University of Houston Engineering School.

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Speaker 1: And let's just say I wasn't an engineering, very very

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Speaker 1: technically smart individual, high IQ full scholarship, hoold deal.

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Speaker 7: And he was.

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Speaker 1: He was interning and then he just he had just

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Speaker 1: accepted a job at Compact Computers. Rod Canyon was the

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Speaker 1: CEO at the time, and he gave my wife and

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Speaker 1: I a tour of their campus and he had a

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Speaker 1: fob keeps. The first time I ever saw it was

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Speaker 1: the old white like crown castle, looked like a credit

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Speaker 1: card and he swiped. He wore it around his neck,

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Speaker 1: around the lanyard and he swiped it. Now, I don't

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Speaker 1: know how old you are, but in nineteen eighty nine

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Speaker 1: or ninety this was a big deal. And we went

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Speaker 1: in in the highlight of our tour. We were poor

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Speaker 1: college kids. Was he took us to the kitchen, the

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Speaker 1: employee kitchen, and he goes, you want a coke And

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Speaker 1: I don't have any money. It's free, And I pulled

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Speaker 1: out a cup and I put it under the coke

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Speaker 1: machine and there was like you could make a suicide.

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Speaker 1: We called him a suicide. When I was a kid,

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Speaker 1: you could put coke and doctor pepper and it was

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Speaker 1: free and Chad. To this day, I still think about that,

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Speaker 1: So I'm happy to hear y'all give away free cokes.

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Speaker 2: Yeah, it's amazing the things along your path that really

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Speaker 2: still stand out. I worked at IBM for a while

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Speaker 2: and I went up to armonk which is their headquarters

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Speaker 2: outside of New York City, and was just blown away

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Speaker 2: by the legacy, the breadth of the campus. You know,

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Speaker 2: I've been out to California and seeing the Oracle and

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Speaker 2: all of these massive campuses and just sitting IBM and

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Speaker 2: knowing the legacy.

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Speaker 1: Then listen, I'm not paying you because you mentioned Oracle

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Speaker 1: in there. If you thought that was a little drop

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Speaker 1: you were going to do and send me an invoice,

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Speaker 1: I'm not doing it.

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Speaker 6: Yeah, I heard you mention Orkle on that.

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Speaker 1: Wait, So if I had told you when I so politely,

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Speaker 1: I guess Emily asked you to do it. But if

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Speaker 1: when I asked you to have a discussion, not an interview,

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Speaker 1: of discussion with me, and I told you that the

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Speaker 1: first five minutes I was going to talk about stupid stuff,

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Speaker 1: would you have reconsidered to be honest?

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Speaker 6: I would not have. No carried down the earth guy.

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Speaker 1: So, how did you end up at Rigzone? Let's start there,

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Speaker 1: and then I want to get into the energy industry.

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Speaker 2: Well, I actually was that IBM. I'd worked for AT

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Speaker 2: and T for a while. You know, initially my family

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Speaker 2: is all in gas to the core. My grandfather worked

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Speaker 2: at Shell for thirty years and retired in Dear Park.

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Speaker 2: My other grandfather was a local union president pipe fitter

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Speaker 2: in the pipe Fitters Union.

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Speaker 6: So I grew up with it. So out of school,

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Speaker 6: I thought.

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Speaker 2: I started getting into computers and programming a little bit.

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Speaker 2: And you know, the oil and gas was in the

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Speaker 2: in the in the blood, so I thought I'd maybe

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Speaker 2: do a little programming and learn some ol and gas skills.

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Speaker 2: So I started going to school. I played soccer at

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Speaker 2: first in college and then I transferred back to U.

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Speaker 7: H Ye, that's a big deal. Any collegiate do was

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Speaker 7: it d one?

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Speaker 6: Uh? It was No, it was in Ai. This was

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Speaker 6: in the mid nineties.

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Speaker 7: Play college soccer.

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Speaker 2: It was in Iowa. It was a school in Siux

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Speaker 2: City called Westmore University.

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Speaker 6: School. Yeah.

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Speaker 2: The soccer team was amazing that we had six all

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Speaker 2: Americans and our coach was the coach of the sus

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Speaker 2: City Breeze, which was the the professional league before MLS.

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Speaker 6: So yeah, fantastic.

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Speaker 7: Were you all American?

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Speaker 6: No?

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Speaker 1: No, everybody you.

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Speaker 6: Well, I ended up.

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Speaker 8: Well.

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Speaker 6: I was a fullback marking back.

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Speaker 1: Okay, my son plays. I played high school soccer. He

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Speaker 1: is a center midfielder. I didn't grow up playing soccer,

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Speaker 1: so I have to repeat that to myself so I

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Speaker 1: remember it because I've had to learn a whole new

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Speaker 1: vernacular that I did not already know.

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Speaker 7: And it doesn't come naturally. You know.

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Speaker 1: You kind of you absorb things about football, whether you

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Speaker 1: played it or not, or baseball or basketball because it's

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Speaker 1: just part.

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Speaker 7: Of our lingo.

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Speaker 1: But soccer is, for an American kid, especially in Southeast Texts,

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Speaker 1: not something that you would have known already whole.

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Speaker 7: With me for just a moment.

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Speaker 1: Chad Norville is the grand puba of rigzone dot com,

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Speaker 1: and we're going to talk about the energy industry and

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Speaker 1: what's going on. And I got to tell you, whether

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Speaker 1: you're in Tulsa, Oklahoma, Louisiana, Mississippi, from a lot of Florida,

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Speaker 1: Texas and beyond, this is going to be a big

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Speaker 1: part of our economy and it's roaring back.

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Speaker 7: I look, that's what he's gonna say.

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Speaker 1: End of the world as we know it.

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Speaker 6: Michael Berry.

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Speaker 7: Ends of the world, not fill five.

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Speaker 1: Chad Norville is our guest. He is the CEO of

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Speaker 1: rigzone dot Com and as we look at what's going

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Speaker 1: to happen in the economy, and that means jobs, that

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Speaker 1: means spending, that means optimism. It's liberation Day as of

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Speaker 1: January twentieth, As our president said, the energy industry is

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Speaker 1: going to be a big part not just for where

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Speaker 1: I live, but of the country's resurgence. And I wanted

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Speaker 1: to go to the source, and that's Chadnorvil at rigzone

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Speaker 1: dot com to tell us what is happening in the industry,

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Speaker 1: what are you seeing and what do you foresee in

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Speaker 1: the coming years, And I'll hang up and listen.

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Speaker 6: Yeah, of course, so unleashed American energy.

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Speaker 7: Right.

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Speaker 6: It's been a fascinating week, to say the least.

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Speaker 2: We have an editorial team and I talked to editor

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Speaker 2: on Friday and he's icing his hands because he's typing

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Speaker 2: so much.

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Speaker 6: In the last week. There's been so many traumatic changes.

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Speaker 2: These executive orders have unleased a lot of potential. There's

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Speaker 2: really some fascinating things that are going to help our industry,

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Speaker 2: and I think a couple of them the you know,

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Speaker 2: removing the ban on exports of LG is critical and

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Speaker 2: we'll have a very quick impact. That was pretty shocking

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Speaker 2: last year whenever the Biden administration seemingly overnight chat.

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Speaker 1: I've talked about that, but let me interrupt you. Some

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Speaker 1: people know exactly what you're talking about. And of course

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Speaker 1: Mike Johnson told a story the other day about that.

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Speaker 1: But why don't you explain that to people that don't

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Speaker 1: know and how big a deal that is.

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Speaker 2: Yeah, So, you know, certain areas of our country, the

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Speaker 2: Marcella Shell, for instance, it's massive for natural gas.

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Speaker 6: That's the largest portion of what they do there.

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Speaker 2: A lot of the fully integrated, you know, the drillers.

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Speaker 2: Everyone produces gas in addition to oil. Oil gets the

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Speaker 2: focus all prices. Natural gas is a key component to

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Speaker 2: our industry, very important. It's very important to national security.

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Speaker 2: Our allies rely on it, especially with what's going on

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Speaker 2: in Ukraine. You know, Europe got a lot of their

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Speaker 2: natural gas from Russia. Uh So, whenever Biden's administration did

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Speaker 2: this last year, it you know, it imperiled our allies

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Speaker 2: and imperiled our national security and ability to help our

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Speaker 2: allies and you know, support our national interests. So in

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Speaker 2: addition to the the heart that it inflicted on all

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Speaker 2: the companies, you know, from all up and down the chain,

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Speaker 2: from the full multinational fully integrated down to you know,

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Speaker 2: the smaller independence. So, uh, it was a pretty massive

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Speaker 2: shockwave across the industry whenever he did that last year.

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Speaker 2: I think it had a prove detrimental effect. We saw

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Speaker 2: it last year. I think that was one of the

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Speaker 2: things that really had a pretty negative impact on the

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Speaker 2: industry last year. And we saw it with our job

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Speaker 2: fairs that we do and all of the key locations

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Speaker 2: you know, start dwindling and you know, the needs for

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Speaker 2: employees you know, starts waning. I think that had a

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Speaker 2: pretty significant impact on it. And not to mention it's

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Speaker 2: not just our allies and national security, uh, you know

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Speaker 2: deficits you know with with other countries that those deficits

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Speaker 2: are reduced whenever we have significant natural gas you know,

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Speaker 2: flowing out exporting it from the United States, So that

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Speaker 2: doesn't get talked about much, but there's an impact there

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Speaker 2: as well. So yeah, it was dramatic, shocking when he

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Speaker 2: did it. I don't think it got played up near

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Speaker 2: as much as it should have. But you know, I

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Speaker 2: know Rick Perry said that that was one of the

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Speaker 2: things that he was most excited about.

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Speaker 6: I couldn't agree more.

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Speaker 1: Yeah, it's it's kind of interesting because your industry energy

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Speaker 1: from you know, oil rigs is where we get the

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Speaker 1: Rigzone dot Com, which is kind of at the center

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Speaker 1: of the energy industry in your sort of a stock

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Speaker 1: exchange of information for people interested in that sector of

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Speaker 1: the economy, which it's so big, and yet there is

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Speaker 1: so little talk about it. I mean, I guess you know,

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Speaker 1: you'll hear a reference to what the price of gas

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Speaker 1: is at the pump, but there's so much more to

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Speaker 1: it than that, and it's surprising that we don't hear

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Speaker 1: more about that. So let's pivot to where we are. Now,

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Speaker 1: what are you seeing? What are you hearing is already happening,

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Speaker 1: if anything, as a result result of the Trump administration

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Speaker 1: and just as importantly not being the Biden administration.

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Speaker 2: Yeah, so we have two different angles in which we

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Speaker 2: gather information, right, we have our editorial team, which you

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Speaker 2: know focuses almost exclusively on oil and gas in our industry.

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Speaker 2: We talked to, you know, all of the largest players

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Speaker 2: in the analyst side, so you know, Commodities Research at,

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Speaker 2: City Group, Parentage Foundation, American Enterprise Institute, Rice, Commodities Research

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Speaker 2: heads at you know, all the large institutions. You know,

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Speaker 2: we're on the regular basis talking to these folks getting

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Speaker 2: their analysis, hearing you know what research their teams are

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Speaker 2: putting together and telling clients and large industrial investors. So

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Speaker 2: you know, we get that side, and we get you know,

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Speaker 2: a pretty broad macro oriented view. Then you know, we

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Speaker 2: work with all the largest national old companies. You know,

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Speaker 2: over the last ten years, we've worked nearly all of them,

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Speaker 2: ninety nine percent of them drilling contractor service, all the

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Speaker 2: big service companies, all the way down.

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Speaker 6: To like I said, the small companies.

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Speaker 2: We do advertising and recruitment services for those, you know,

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Speaker 2: all up and down the chain, so we get their

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Speaker 2: insights too, and we're working with them on job fulfillment,

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Speaker 2: right We're trying to place candidates for them, professionals, you know,

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Speaker 2: get them out in the ole field or in the patch.

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Speaker 6: So we're getting both sides.

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Speaker 2: And so first and foremost, both of them are saying,

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Speaker 2: you know, being a latterly that or universally that this

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Speaker 2: unleashed American energy and all of the I think it

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Speaker 2: was six pretty broad executive what is of the forty six,

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Speaker 2: but Trump issued are an overwhelming too for our industry.

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Speaker 2: It's fantastic, you know, and it's not just everyone focuses

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Speaker 2: on public lands and drilling, and that's important and useful,

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Speaker 2: but it's more of reducing the strain on regulatory impacts

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Speaker 2: for us trying to get permitting.

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Speaker 6: That's important.

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Speaker 1: And what kind of regulatory handcuffs do we see that

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Speaker 1: you would if I made you king for a day

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Speaker 1: and you had no political pressures and no greeny weenies

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Speaker 1: protesting outside of your house, what would be some of

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Speaker 1: the low hanging fruit that you'd say, Man, if Trump

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Speaker 1: will just do this, we'll see what. We'll see hiring resume,

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Speaker 1: We'll see drilling resume, we'll see refining resume.

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Speaker 2: I think just the time to get a permit in

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Speaker 2: and of itself it increased significantly under the Biden administration.

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Speaker 2: That's almost a year now just to get a standard

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Speaker 2: permit that in and of itself, and that is something

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Speaker 2: that they're focused on streamlining the permitting process in and

442
00:21:44,080 --> 00:21:47,399
Speaker 2: of itself, that singular would be very beneficial.

443
00:21:47,520 --> 00:21:49,680
Speaker 1: You know what's so funny about that, Chad Norville, as

444
00:21:49,720 --> 00:21:52,879
Speaker 1: our guest, he's the CEO of rigzone dot com, is

445
00:21:53,359 --> 00:21:57,040
Speaker 1: you see this in real estate. You see communities like

446
00:21:57,119 --> 00:22:01,000
Speaker 1: Denver where they seemingly California, where they don't want you

447
00:22:01,080 --> 00:22:03,400
Speaker 1: to build, and the way they do it is they

448
00:22:03,440 --> 00:22:09,040
Speaker 1: simply slow roll, drag their feet on permits, and so

449
00:22:09,160 --> 00:22:11,800
Speaker 1: you start, you got borrowing costs, or even if you're

450
00:22:11,840 --> 00:22:13,400
Speaker 1: paying cash, you got money tied up.

451
00:22:13,680 --> 00:22:15,160
Speaker 7: When you lock.

452
00:22:15,000 --> 00:22:18,600
Speaker 1: Down a property and you can't begin to start breaking

453
00:22:18,680 --> 00:22:22,199
Speaker 1: ground for a year or two, that's money lost on

454
00:22:22,280 --> 00:22:24,960
Speaker 1: that that has to be recouped on the back end. Well,

455
00:22:25,040 --> 00:22:27,240
Speaker 1: I didn't even think about it. But in your business,

456
00:22:27,240 --> 00:22:29,160
Speaker 1: that's the same thing. If you can't if you can't

457
00:22:29,200 --> 00:22:32,320
Speaker 1: begin to drill or whatever that aspect of the energy

458
00:22:32,359 --> 00:22:35,359
Speaker 1: industry you are, that's a cost that's being passed on

459
00:22:35,400 --> 00:22:36,879
Speaker 1: to the rest of us. It's jobs that are not

460
00:22:37,000 --> 00:22:39,919
Speaker 1: being fulfilled. Who's hiring right now or is it the

461
00:22:39,960 --> 00:22:41,280
Speaker 1: independence is the big boys?

462
00:22:41,320 --> 00:22:42,800
Speaker 7: Is it everybody?

463
00:22:43,560 --> 00:22:46,480
Speaker 2: Yeah, so everyone's hiring, but you know it's not picking

464
00:22:46,560 --> 00:22:50,000
Speaker 2: up significantly right now. We're seeing a lot of the

465
00:22:50,040 --> 00:22:50,760
Speaker 2: big places.

466
00:22:50,600 --> 00:22:53,159
Speaker 1: And I'm sorry, my clock management is worse than less miles.

467
00:22:53,359 --> 00:22:54,720
Speaker 7: We'll continue our conversation with.

468
00:22:54,720 --> 00:22:58,560
Speaker 1: Chad Norville on who's hiring right now? Of rigzone dot com,

469
00:22:58,600 --> 00:23:01,639
Speaker 1: all your energy news remain scared to death of you,

470
00:23:02,000 --> 00:23:03,440
Speaker 1: and they remain scared.

471
00:23:03,119 --> 00:23:04,840
Speaker 7: To death of Trump. The Michael Berry show.

472
00:23:05,000 --> 00:23:08,639
Speaker 1: You're not going anywhere, even if Trump does, You're not

473
00:23:10,520 --> 00:23:13,240
Speaker 1: chat normal, is our guest. He is the CEO of

474
00:23:13,320 --> 00:23:15,880
Speaker 1: rigzone dot com. And if you don't know, I'm sure

475
00:23:15,920 --> 00:23:19,399
Speaker 1: you do. It is a marketplace of information about the

476
00:23:19,560 --> 00:23:22,359
Speaker 1: energy industry. It is also, to my knowledge, he'll correct

477
00:23:22,400 --> 00:23:27,119
Speaker 1: me if I'm wrong, the largest job placement entity for

478
00:23:27,240 --> 00:23:31,119
Speaker 1: people in the energy industry. When people are hiring or

479
00:23:31,160 --> 00:23:33,560
Speaker 1: looking for a job in the energy industry, they go

480
00:23:33,600 --> 00:23:35,879
Speaker 1: to rigzone dot com. Are y'all the biggest in the

481
00:23:36,000 --> 00:23:36,600
Speaker 1: in the space.

482
00:23:38,480 --> 00:23:39,719
Speaker 6: Yes, we're the largest.

483
00:23:39,720 --> 00:23:41,760
Speaker 2: We're the largest for jobs and news for the olin

484
00:23:41,800 --> 00:23:42,600
Speaker 2: gas industry.

485
00:23:42,800 --> 00:23:46,080
Speaker 1: Well, okay, so tell me about you were about to say,

486
00:23:46,119 --> 00:23:50,120
Speaker 1: who's who's hiring, and particularly who's hiring. That's a marginal

487
00:23:50,119 --> 00:23:52,720
Speaker 1: difference from what we saw six months ago. Who's beginning

488
00:23:52,760 --> 00:23:54,960
Speaker 1: to hire a new or increasing their hiring.

489
00:23:56,560 --> 00:23:56,840
Speaker 6: Yeah.

490
00:23:56,880 --> 00:24:00,200
Speaker 2: So, I think in general, what we're hearing from the

491
00:24:00,880 --> 00:24:04,680
Speaker 2: medium to larger sized firms is that they're expecting a

492
00:24:04,760 --> 00:24:09,360
Speaker 2: relatively flat twenty twenty five relative to twenty twenty four.

493
00:24:10,240 --> 00:24:12,879
Speaker 2: Like I said, there's a lot of optimism in the marketplace,

494
00:24:12,920 --> 00:24:14,719
Speaker 2: but there are headwinds, you know.

495
00:24:14,840 --> 00:24:15,920
Speaker 6: Like I told you earlier.

496
00:24:17,160 --> 00:24:20,960
Speaker 2: The Trump administration is looking to reduce some of the

497
00:24:21,000 --> 00:24:23,440
Speaker 2: red tape for permitting and whatnot. But there are other

498
00:24:23,520 --> 00:24:26,200
Speaker 2: things that have happened that are going to provide legal

499
00:24:26,320 --> 00:24:29,200
Speaker 2: challenges to that. Last year of the Supreme Court put

500
00:24:29,200 --> 00:24:33,320
Speaker 2: an end to the Chevron defense. That's pretty challenging because

501
00:24:34,720 --> 00:24:38,439
Speaker 2: it's going to allow some use to if there was

502
00:24:38,480 --> 00:24:41,160
Speaker 2: some unclear uncertainty and a law or a principle, then

503
00:24:41,200 --> 00:24:44,080
Speaker 2: the courts would refer to some administrative agency.

504
00:24:44,760 --> 00:24:46,439
Speaker 6: Now that's not the case anymore.

505
00:24:46,520 --> 00:24:49,919
Speaker 2: That would have been very beneficial under Trump's unleashed American

506
00:24:50,040 --> 00:24:53,200
Speaker 2: energy policy.

507
00:24:53,480 --> 00:24:56,240
Speaker 6: That's not the case necessarily anymore. So there may be

508
00:24:56,320 --> 00:24:57,280
Speaker 6: legal challenges there.

509
00:24:57,320 --> 00:25:00,920
Speaker 2: So I feel like the discussions we're having is kind

510
00:25:00,920 --> 00:25:05,199
Speaker 2: of a wait and see approach. But you know, cautiously optimistic. Uh,

511
00:25:05,760 --> 00:25:08,399
Speaker 2: that's what we're hearing from the larger producers, the medium

512
00:25:08,440 --> 00:25:11,920
Speaker 2: and smallers. We're hearing more optimism, uh, you know, more

513
00:25:12,280 --> 00:25:16,679
Speaker 2: near term optimism, only hiring, fast tracking projects, you know,

514
00:25:16,800 --> 00:25:20,400
Speaker 2: getting permits, doing different things of that nature. So as

515
00:25:20,440 --> 00:25:22,200
Speaker 2: far as who's hiring, that's what we're seeing in the

516
00:25:22,200 --> 00:25:25,120
Speaker 2: you know, and and it's you know, we operate worldwide

517
00:25:25,480 --> 00:25:28,720
Speaker 2: it's different geographically. I'm talking about just the United States.

518
00:25:29,200 --> 00:25:32,000
Speaker 2: So we're seeing we do job fares and all the

519
00:25:32,040 --> 00:25:37,080
Speaker 2: key oil and gas markets, you know, Texas obviously, Houston, Midland,

520
00:25:37,400 --> 00:25:39,760
Speaker 2: we do some in La Faiae for Louisiana, we do

521
00:25:39,840 --> 00:25:41,240
Speaker 2: some in North Dakota and in.

522
00:25:41,400 --> 00:25:46,200
Speaker 6: Pennsylvania from Marcellas. So what we're seeing is a lot of.

523
00:25:46,560 --> 00:25:50,280
Speaker 2: Tech roles, filled operations types of roles. Those are the

524
00:25:50,280 --> 00:25:52,600
Speaker 2: things that I've been seeing and I'm still seeing with

525
00:25:52,640 --> 00:25:54,760
Speaker 2: the job fares that we're putting together now and who

526
00:25:54,840 --> 00:25:56,880
Speaker 2: we're talking to. You go on rigs on and find

527
00:25:56,880 --> 00:25:59,240
Speaker 2: a patrol, engineer, mechanical, let's go engineer.

528
00:25:59,760 --> 00:25:59,920
Speaker 8: You know.

529
00:26:00,160 --> 00:26:03,879
Speaker 2: See physical roles, Uh, those are always there, but we

530
00:26:04,000 --> 00:26:08,160
Speaker 2: see large changes as the cycles change. Right, we saw

531
00:26:08,280 --> 00:26:10,760
Speaker 2: things during the pandemic, for instance, it went to a

532
00:26:10,760 --> 00:26:11,360
Speaker 2: lot of white.

533
00:26:11,200 --> 00:26:14,040
Speaker 6: Collar office roles. Uh. Now we're seeing a lot of

534
00:26:14,080 --> 00:26:17,320
Speaker 6: tech roles. So field service technicians i n e.

535
00:26:17,480 --> 00:26:21,280
Speaker 2: Technicians, that's instrumentation and electrical mechanics.

536
00:26:21,680 --> 00:26:22,959
Speaker 6: Those are the types of roles right now.

537
00:26:22,960 --> 00:26:24,720
Speaker 2: We're seeing a lot a lot of instrumentation, a lot

538
00:26:24,720 --> 00:26:29,359
Speaker 2: of electrical, a lot of valve technicians. Those types of

539
00:26:29,520 --> 00:26:31,879
Speaker 2: field roles are the things that we're really seeing the

540
00:26:31,920 --> 00:26:35,760
Speaker 2: most right now, and I'm not seeing any changing that yet, although,

541
00:26:35,800 --> 00:26:38,720
Speaker 2: like I said, we've talked to some fairly large players

542
00:26:38,720 --> 00:26:41,280
Speaker 2: that are not signing up for our jumpers right now

543
00:26:41,320 --> 00:26:43,840
Speaker 2: but looking to do, you know, signing up for three

544
00:26:43,920 --> 00:26:45,639
Speaker 2: or four months down the road. So it feels like

545
00:26:46,280 --> 00:26:48,280
Speaker 2: there is the wait and see kind of how how

546
00:26:48,280 --> 00:26:50,320
Speaker 2: are the tariffs going to play out? You know, there's

547
00:26:50,680 --> 00:26:53,840
Speaker 2: so many positives. Like I said, there's so many uh

548
00:26:53,960 --> 00:26:56,800
Speaker 2: you know, really three things coming out of this and

549
00:26:56,920 --> 00:26:59,720
Speaker 2: least American energy policy. But at the same time, there

550
00:26:59,720 --> 00:27:02,240
Speaker 2: are wins potentially out there that you know, when it

551
00:27:02,280 --> 00:27:05,040
Speaker 2: comes to the massive capital expenditures that some of these

552
00:27:05,600 --> 00:27:09,960
Speaker 2: companies are responsible for. You know, the risks are potentially reduced,

553
00:27:10,000 --> 00:27:12,200
Speaker 2: but there's other risks and new variables coming into play.

554
00:27:12,440 --> 00:27:16,359
Speaker 2: Twenty five percent tariffs on Canada and Mexico. That would

555
00:27:16,359 --> 00:27:19,560
Speaker 2: be interesting, right. Can those people that pull up, you know,

556
00:27:19,640 --> 00:27:22,240
Speaker 2: have access to the first strings and pull those strings

557
00:27:22,280 --> 00:27:26,080
Speaker 2: at these large companies, you know, billion dollar projects and more.

558
00:27:26,800 --> 00:27:29,240
Speaker 2: They have to be cautious and see what those impacts are.

559
00:27:29,280 --> 00:27:31,000
Speaker 2: What is old price going to be? At the end

560
00:27:31,040 --> 00:27:35,000
Speaker 2: of the day, it's still supply, demand and geopolitics that

561
00:27:35,119 --> 00:27:39,239
Speaker 2: drives our industry. Price is king and this it's not

562
00:27:39,280 --> 00:27:41,480
Speaker 2: like it was ten years ago. You know, ten years ago,

563
00:27:41,520 --> 00:27:44,040
Speaker 2: in the real heyday, we had three times the amount

564
00:27:44,040 --> 00:27:45,639
Speaker 2: of rigs in the United States that we do now

565
00:27:46,080 --> 00:27:49,520
Speaker 2: or more. It was all about supply. You know, demand

566
00:27:49,640 --> 00:27:53,040
Speaker 2: was stable and growing and are we going to be able.

567
00:27:52,880 --> 00:27:53,959
Speaker 6: To make meat supply?

568
00:27:54,280 --> 00:27:56,360
Speaker 2: Now it has turned on its head and now it's

569
00:27:56,359 --> 00:28:00,800
Speaker 2: about demand. China's fallen away, you know, they're you talked

570
00:28:00,800 --> 00:28:04,160
Speaker 2: about real estate. Their real estate debacle has really buckled

571
00:28:04,200 --> 00:28:08,440
Speaker 2: their economy and so their demand is off. But there

572
00:28:08,440 --> 00:28:11,200
Speaker 2: are a lot of emerging markets. Demand is not going anywhere.

573
00:28:11,320 --> 00:28:13,840
Speaker 2: The oil and gas industry is not going anywhere, right,

574
00:28:14,680 --> 00:28:18,000
Speaker 2: you know, we're fortunate we have some renewables and such,

575
00:28:18,119 --> 00:28:20,240
Speaker 2: just so oil isn't one hundred and twenty dollars a barrel.

576
00:28:20,320 --> 00:28:24,160
Speaker 1: Frankly, Yeah, it's uh fascinating.

577
00:28:24,200 --> 00:28:24,919
Speaker 7: Do you watch landman?

578
00:28:27,119 --> 00:28:29,240
Speaker 6: I haven't I have the whole season recorded. I haven't

579
00:28:29,280 --> 00:28:31,640
Speaker 6: had the It's been a busy start of the year.

580
00:28:31,680 --> 00:28:33,919
Speaker 2: But we're going out to Midland for a job for

581
00:28:33,960 --> 00:28:36,600
Speaker 2: the next week, and some of our colleagues out there

582
00:28:36,600 --> 00:28:38,640
Speaker 2: that we work with have insisted that I watch it

583
00:28:38,680 --> 00:28:41,440
Speaker 2: before it comes, so maybe on the agenda this week.

584
00:28:41,440 --> 00:28:43,800
Speaker 1: Okay, I have to warn you because a lot of

585
00:28:43,880 --> 00:28:48,320
Speaker 1: people in your industry hate it because it's not one

586
00:28:48,400 --> 00:28:52,240
Speaker 1: hundred percent exact. And I go, look, I watch movies

587
00:28:52,440 --> 00:28:55,000
Speaker 1: about courtroom lawyers, and I don't go, that's not really

588
00:28:55,000 --> 00:28:57,360
Speaker 1: what it's like because it would ruin it. Right, cops

589
00:28:57,360 --> 00:28:59,360
Speaker 1: will tell you that's not really what it's like. So

590
00:28:59,800 --> 00:29:02,720
Speaker 1: it may that you may have too much information, but

591
00:29:03,120 --> 00:29:05,960
Speaker 1: I will tell you. After sling Blade his finest role,

592
00:29:06,280 --> 00:29:09,160
Speaker 1: and after Friday Night Lights his second finest role. This

593
00:29:09,240 --> 00:29:12,719
Speaker 1: is my third favorite role by Billy Bob Thornton, and

594
00:29:12,880 --> 00:29:16,240
Speaker 1: he is so darn good in this role.

595
00:29:17,080 --> 00:29:21,000
Speaker 7: It's just it's amazing. He's he just nails it.

596
00:29:21,080 --> 00:29:23,800
Speaker 1: I have so many relatives that he reminds me of,

597
00:29:25,040 --> 00:29:25,880
Speaker 1: Like you wouldn't believe.

598
00:29:26,120 --> 00:29:27,160
Speaker 7: Chat let me ask you a question.

599
00:29:27,240 --> 00:29:29,080
Speaker 1: I didn't want to interrupt you, which is hard for

600
00:29:29,120 --> 00:29:31,200
Speaker 1: me because I'm an interrupt. Chad Norvil is the CEO

601
00:29:31,240 --> 00:29:35,720
Speaker 1: of rigzone dot com. You mentioned that the job that

602
00:29:35,840 --> 00:29:37,840
Speaker 1: a lot of the jobs that are available now are

603
00:29:37,880 --> 00:29:42,240
Speaker 1: in instrumentation, and I know a little about the industry

604
00:29:43,040 --> 00:29:45,840
Speaker 1: and I know that my wife was at El Paso

605
00:29:45,960 --> 00:29:49,400
Speaker 1: Energy and and you know twenty five years ago they

606
00:29:49,640 --> 00:29:54,480
Speaker 1: were using technology to open and close valves, which was

607
00:29:54,520 --> 00:29:56,560
Speaker 1: why Y two K was.

608
00:29:56,480 --> 00:29:57,800
Speaker 7: So important to what they were doing.

609
00:29:58,080 --> 00:30:02,440
Speaker 1: But when you look at the role of AI, which

610
00:30:02,480 --> 00:30:06,960
Speaker 1: scares people today, how fast do you think AI is

611
00:30:07,040 --> 00:30:11,640
Speaker 1: going to, if at all, is going to replace the

612
00:30:11,800 --> 00:30:19,360
Speaker 1: jobs of people who are reading, calibrating, doing workovers, tear down,

613
00:30:19,400 --> 00:30:24,160
Speaker 1: they're doing things that relate to the instrumentation and the

614
00:30:24,200 --> 00:30:28,360
Speaker 1: importance of that instrumentation. How much in how fast do

615
00:30:28,360 --> 00:30:29,680
Speaker 1: you think that's going to affect that.

616
00:30:32,360 --> 00:30:35,280
Speaker 2: I think it will affect it, but I think it's

617
00:30:35,320 --> 00:30:38,720
Speaker 2: just going to change the mechanisms in which you work

618
00:30:38,720 --> 00:30:39,320
Speaker 2: and operate.

619
00:30:39,480 --> 00:30:41,600
Speaker 6: And I've seen that in what I do.

620
00:30:42,280 --> 00:30:45,480
Speaker 2: You know, we've released some AI tools onto our website

621
00:30:45,480 --> 00:30:47,320
Speaker 2: as well here in the last two weeks. Actually we've

622
00:30:47,320 --> 00:30:50,240
Speaker 2: been working on them for a year. They all benefit

623
00:30:50,440 --> 00:30:54,040
Speaker 2: the recruiters in the industry. You know, salary information. Go

624
00:30:54,080 --> 00:30:57,000
Speaker 2: ask for some salary information on Rigson's new AI Riggs

625
00:30:57,000 --> 00:31:00,520
Speaker 2: on GPT chat button. See what you get from itascinating.

626
00:31:01,000 --> 00:31:01,120
Speaker 8: Uh.

627
00:31:01,480 --> 00:31:04,040
Speaker 2: You know, we have looked at a bunch of different

628
00:31:05,040 --> 00:31:08,280
Speaker 2: cover letters over the years, you know, did qualitative maintenance

629
00:31:08,320 --> 00:31:09,960
Speaker 2: on them and found the ones that we thought were

630
00:31:09,960 --> 00:31:15,680
Speaker 2: most accurate and the recruiters would appreciate the outline how

631
00:31:15,760 --> 00:31:18,480
Speaker 2: our work history would apply most directly to a job.

632
00:31:19,240 --> 00:31:20,640
Speaker 6: And we trained the model.

633
00:31:20,880 --> 00:31:24,680
Speaker 2: An AI model, and now we're leveraging that model for

634
00:31:24,720 --> 00:31:27,800
Speaker 2: our candidates and the recruiters because it's going to highlight

635
00:31:27,800 --> 00:31:29,440
Speaker 2: for them more effectively and efficiently.

636
00:31:29,960 --> 00:31:32,080
Speaker 6: You know what that candidate is bringing to the table.

637
00:31:32,280 --> 00:31:34,640
Speaker 2: That's live for free now for candidates, and what our

638
00:31:34,640 --> 00:31:36,880
Speaker 2: recruiters get whenever they sign up on a rig zone.

639
00:31:37,040 --> 00:31:40,960
Speaker 6: So I'm fully embracing it. I'm more productive now.

640
00:31:41,160 --> 00:31:44,960
Speaker 1: Glen Garry, Glenn Ross ABC. Always be closing. Dude, you're

641
00:31:44,960 --> 00:31:47,320
Speaker 1: throwing the website in there. You're throwing in what y'all do?

642
00:31:48,000 --> 00:31:49,520
Speaker 7: I mean, it's impressive. Hold with me.

643
00:31:49,960 --> 00:31:52,960
Speaker 1: Chad Norville is the CEO of rigzone dot com and

644
00:31:52,960 --> 00:31:55,600
Speaker 1: obviously did I mention he's chief sales officer too remote

645
00:31:55,600 --> 00:31:59,200
Speaker 1: you you could appreciate that he doesn't go it's sramone

646
00:31:59,200 --> 00:31:59,920
Speaker 1: and do stupid.

647
00:32:00,200 --> 00:32:02,400
Speaker 7: He just kind of eases it in there. Hold on