January 31, 2025 • 32 mins
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Coming up, we will talk to the CEO of rigzone
dot com, which is the place to get energy news.
It's a place where energy companies find people to hire,
and it's for the place where if you want to
get into the burgeoning energy industry, it's the place for
you to go. But on this day in history, yesterday,
we didn't get to it. World Health Organization declared the
(00:20):
COVID nineteen pandemic to be a public health emergency. Well,
we had a great and I mean great in turn
a couple of years ago, back in twenty twenty two.
Name's Victoria Ryan. She's gone on to excellence in her career.
She was a student at Texas A and M at
the time. Her father read Ryan's a friend of mine
(00:41):
and her grandfather Nolan Ryan. And we asked her to
share with us how the COVID response affected her as
a high school student and a college student, and I
thought she was brilliant.
Speaker 2 (00:52):
COVID nineteen the disease that defined our lives in twenty twenty,
Chinese health authorities are still working to identify the virus
behind a pneumonia outbreak in the central city of one.
At least fifty nine people are believed to have been
sickened by the new virus.
Speaker 3 (01:06):
Tonight, US airports on Ohiomork screening passengers, SUSY.
Speaker 1 (01:11):
Declared the coronavirus and mobilizing the National Guard to help
overwhelm hospitals.
Speaker 4 (01:17):
I know we've all heard about COVID for the past
two and a half years. It feels like it's all
we've talked about. We discussed and argued over lockdowns, quarantines,
school closures, business closures, health problems, vaccines, and so many others.
Speaker 5 (01:31):
The breaking news stay at home. That is the order
tonight from four state governors as the coronavirus pandemic spreads
New York, California, Illinois, and Connecticut, all ordering non essential
employees to stay home. As the crisis sweeps the nation.
Speaker 2 (01:44):
We may never really return to the normal life that
we once had.
Speaker 4 (01:47):
However, something that I've not heard much conversation about has
been the ramifications of COVID on Generation Z. For me,
the peak of COVID took place my last year of
high school. Canceling the last three months of my senior year.
Speaker 2 (02:00):
Ordered all schools closed.
Speaker 6 (02:02):
It's a desperate measure that could have far reaching impacts.
Speaker 4 (02:05):
We continued under lockdown procedures until the beginning of the summer,
but remained having restrictions all the way through the end
of my freshman year of college. This has been the
same for most colleges across Texas, and for colleges outside
of the state, probably more severe than this.
Speaker 7 (02:19):
My school where I'm from has really been impacted by
the virus.
Speaker 1 (02:22):
We expected something to happen soon, but we didn't know
it would be this drastic so quickly.
Speaker 8 (02:28):
When my chancellor first sent out an email telling us
that QCSB is going over moll at hours so shocked.
Speaker 3 (02:38):
No one knows what's happening, But in terms of the
professors and the universities, they're doing the best they can.
They don't know how to cope, just as much as
we don't know how to cope.
Speaker 4 (02:47):
My freshman year of college I learned less than I
ever have before, not because I picked a bad university
or because I had bad professors. I actually think the
exact opposite, but rather because zoom learning and hybrid learning
are simply not an adequate replacement for being in a classroom.
Students everywhere felt this extreme lack in their education. I
(03:07):
do remember having a couple of breakdowns, and I was
texting my friends.
Speaker 1 (03:11):
Like, why am I having so many mental breakdowns?
Speaker 3 (03:13):
Online school isn't giving me more of stress than aring
school did.
Speaker 4 (03:17):
And from what I've heard, this was much worse in
high schools across the country.
Speaker 2 (03:20):
We're all really struggling.
Speaker 1 (03:21):
Sucks definitely, that's interested.
Speaker 5 (03:24):
In the fall of twenty twenty alone, over fifty six
percent of students said their stress related to school increased
compared to the time before coronavirus. The study also found
forty one percent said their effort toward learning decreased.
Speaker 1 (03:38):
My attention definitely decreasing.
Speaker 2 (03:39):
I'm still surprised that how much online's affecting you.
Speaker 4 (03:44):
Learning obviously suffered, as did social skills, extracurriculars, job searching,
and overall development. But the most significant ramification that I've
seen in my generation as a result of the COVID
response has been in the mental health sector.
Speaker 3 (03:58):
Being here in Ela County, where the cases are soaring
and doubling and tripling with each day, is really heightening
my fear. When I came home yesterday, I had a
lot of paranoia around. I really just sat through a flight.
I really just went through two of the biggest airports
and who knows what I touched.
Speaker 4 (04:13):
I've seen a considerable uptick in the number of peers
I have struggling with mental health issues from early twenty
twenty to now. I would say that in general, people
that I know who are medicated for depression and anxiety
has at least doubled, but the overall sense of self worth, independence,
and self confidence has decreased at a much greater margin
than that. We are not intended to live in isolation,
(04:33):
especially as teenagers and young adults, and we are just
beginning to see the consequences of living that lifestyle for
about a year.
Speaker 1 (04:40):
There's a distinction between social distancing and social isolation. But
it's not only our seniors who are impacted, and as
this pandemic continues, the mental health tool will grow.
Speaker 2 (04:49):
That it's important conversation to have every day, especially right
now as many of us grapple with the effects of
a nearly year long pandemic.
Speaker 4 (04:57):
Kids and teens may develop serious mental health conditions because
of the pandemic, including PST For my generation, it's frustrating
that something that was supposed to be protecting our health
ended up being the root cause for more mental health
issues than the world has ever seen before. It's understandable
that our leaders made blanket decisions out of fear when
(05:18):
COVID was first occurring. Everyone was scared. However, making decisions
out of fear doesn't take away from the consequences of
those decisions. Part of the responsibility of being a leader
is being able to adapt and change course and the
decisions you make, and ultimately admitting when well intentioned mandates fail.
We all know that didn't take place.
Speaker 8 (05:37):
Making sure healthcare workers are vaccinated because if you seek
care at a health care for scility, you should have
a certainty that the people providing that care are protected
from COVID and cannot spread it to you.
Speaker 2 (05:49):
Fully vaccinated people do have the potential to be able
to transmit COVID. Nineteen, we are seeing an outbreak of
the unvaccinated.
Speaker 4 (05:57):
We're increasingly hearing about fully vaccinated people infected with COVID.
Speaker 8 (06:01):
This is a pandemic of the unvaccinated.
Speaker 1 (06:04):
There were two people in our group in Kate cod
and seven of the ten tested positive for COVID.
Speaker 8 (06:08):
All of us vaccinated, and it's critical, critical, critical critic
that they follow the science.
Speaker 1 (06:15):
It wasn't a common coal, the double vaccinated Torontonian caught.
It was COVID nineteen.
Speaker 4 (06:20):
They're really criticizing science because I represent science for my generation.
It seemed as if political narratives took precedent over what
was it the best interest for overall health and safety.
And now Generation Z will forever live for these consequences.
Speaker 1 (06:34):
Will fart hard for the freedom to hold The Michael
Berry Show. Ah your gender direction. So as you know,
we don't just talk politics on the Michael Berry Show.
Speaker 7 (06:45):
We talk all sorts of things.
Speaker 1 (06:47):
And I love to talk to business owners, business leaders,
see how they arrived where they are in their career,
See what decisions they're making today, See what the what
data they're getting, what trends they're seeing that the rest
of us don't see. And most of what we know
of what happens in the corporate boardroom, in the companies
(07:08):
on the warehouse floor is what is reported by the media,
and we know from politics that that's not always accurate.
So I like to go straight to the source. Oracle
is A has a product called NetSuite that is for
C level executives, and they have the cfo's Guide to
AI and Machine Learning that you can get at NetSuite
dot com, Forward slash Berry. They love our business stories
(07:31):
and we're going to be doing more of them. NetSuite
dot Com, Forward slash Barriers, Netsweet by Oracle, And what
it allows you to do is make decisions faster, whether
you're looking to buy a company, sell a division of
your company, you need to close out your books, and
it's taking months to do that Quickbrooks work for you,
and then your company grew and we know how important
(07:51):
AI is today. We know how important it is to
get data fast. NetSuite dot com Forward slash Berry for
the cfo's Guide to AI and Machine Learning and find
out why over forty one thousand businesses ramone have upgraded
to NetSuite by Oracle, Netsweet dot com, Forward slash Barry.
So I thought what we'd do because I'm fascinated, as
you know, by the energy industry and we talk about
(08:13):
it a lot. A lot of you send me emails
from the oil patch, whether you're on an offshore platform
or you're in downtown Houston in the c suite of
your own company, talking about the energy industry and insights.
And I thought, well, who better than Rigzone, which is
a a at the at the what's the term I'm
(08:36):
looking for the pivot point, the bullpen, you know, the
pictures mound of what's going on in in energy. So
Chad Norville their CEO, CFO, c HL, He's everything Ramon,
he has every title, he makes a lot of money.
He agreed to be our guest, and I'm honored that
he did.
Speaker 2 (08:56):
Chad, like you don't have mentioned the money.
Speaker 7 (09:00):
I mean, do I have.
Speaker 1 (09:02):
To do I have to call you mister Norville? Or
can I call you Chad chat?
Speaker 6 (09:06):
Please?
Speaker 1 (09:07):
Do you have a secretary because people don't have secretaries anymore.
Speaker 6 (09:11):
No, I don't have a secretary. Do you have an assistant? I? Well,
no I don't. Actually I don't have an assistant.
Speaker 7 (09:18):
You don't have anything.
Speaker 1 (09:20):
Nope, Man, I have an assistant and I'm nobody.
Speaker 6 (09:25):
Wow, you're a little more than that, I think.
Speaker 1 (09:27):
Does anybody at the company refer to you as mister Norville?
Speaker 7 (09:29):
Be honest, No, they don't.
Speaker 1 (09:32):
Do y'all have a mail runner?
Speaker 2 (09:35):
No?
Speaker 1 (09:35):
Do you have anything we used to have when I
started off in business in the early nineties.
Speaker 2 (09:40):
No, it's technical, it's all. It's all email and and shot.
We we have a massive email system. Actually, that has
taken the place. We send over thirty million emails a month.
Speaker 1 (09:51):
Well, I know what, That's not as interesting as knowing
like if I go to your kitchen on you what
floor of what floor are you on?
Speaker 7 (09:57):
In your in your office building?
Speaker 6 (09:59):
We're on the top.
Speaker 7 (10:00):
I thought, for oh you heard that? Oh he's kind
of suddenly drop that. In what building?
Speaker 6 (10:04):
Is it? Ron two ninety?
Speaker 7 (10:09):
Okay?
Speaker 1 (10:10):
If I go into the kitchen, there is there a
vending machine or a coke machine? And is the stuff
free to employees or do I have to pay for it?
Speaker 2 (10:19):
It's tree We have cokes and sodas and water machines.
Speaker 1 (10:23):
Chad, can I tell you a quick story before we
get into this. Chad Norville is the CEO of rigzone
dot com. By the way, So when I was a
college student, I had a classmate who was a little
older than me named Carl Barris. And Carl was a genius.
He was graduating from the University of Houston Engineering School.
And let's just say I wasn't an engineering, very very
technically smart individual, high IQ full scholarship, hoold deal.
Speaker 7 (10:47):
And he was.
Speaker 1 (10:48):
He was interning and then he just he had just
accepted a job at Compact Computers. Rod Canyon was the
CEO at the time, and he gave my wife and
I a tour of their campus and he had a
fob keeps. The first time I ever saw it was
the old white like crown castle, looked like a credit
card and he swiped. He wore it around his neck,
around the lanyard and he swiped it. Now, I don't
(11:11):
know how old you are, but in nineteen eighty nine
or ninety this was a big deal. And we went
in in the highlight of our tour. We were poor
college kids. Was he took us to the kitchen, the
employee kitchen, and he goes, you want a coke And
I don't have any money. It's free, And I pulled
out a cup and I put it under the coke
machine and there was like you could make a suicide.
(11:33):
We called him a suicide. When I was a kid,
you could put coke and doctor pepper and it was
free and Chad. To this day, I still think about that,
So I'm happy to hear y'all give away free cokes.
Speaker 2 (11:43):
Yeah, it's amazing the things along your path that really
still stand out. I worked at IBM for a while
and I went up to armonk which is their headquarters
outside of New York City, and was just blown away
by the legacy, the breadth of the campus. You know,
I've been out to California and seeing the Oracle and
all of these massive campuses and just sitting IBM and
(12:05):
knowing the legacy.
Speaker 1 (12:07):
Then listen, I'm not paying you because you mentioned Oracle
in there. If you thought that was a little drop
you were going to do and send me an invoice,
I'm not doing it.
Speaker 6 (12:15):
Yeah, I heard you mention Orkle on that.
Speaker 1 (12:16):
Wait, So if I had told you when I so politely,
I guess Emily asked you to do it. But if
when I asked you to have a discussion, not an interview,
of discussion with me, and I told you that the
first five minutes I was going to talk about stupid stuff,
would you have reconsidered to be honest?
Speaker 6 (12:32):
I would not have. No carried down the earth guy.
Speaker 1 (12:34):
So, how did you end up at Rigzone? Let's start there,
and then I want to get into the energy industry.
Speaker 2 (12:40):
Well, I actually was that IBM. I'd worked for AT
and T for a while. You know, initially my family
is all in gas to the core. My grandfather worked
at Shell for thirty years and retired in Dear Park.
My other grandfather was a local union president pipe fitter
in the pipe Fitters Union.
Speaker 6 (12:56):
So I grew up with it. So out of school,
I thought.
Speaker 2 (12:59):
I started getting into computers and programming a little bit.
And you know, the oil and gas was in the
in the in the blood, so I thought I'd maybe
do a little programming and learn some ol and gas skills.
So I started going to school. I played soccer at
first in college and then I transferred back to U.
Speaker 7 (13:15):
H Ye, that's a big deal. Any collegiate do was
it d one?
Speaker 6 (13:20):
Uh? It was No, it was in Ai. This was
in the mid nineties.
Speaker 7 (13:25):
Play college soccer.
Speaker 2 (13:27):
It was in Iowa. It was a school in Siux
City called Westmore University.
Speaker 6 (13:34):
School. Yeah.
Speaker 2 (13:35):
The soccer team was amazing that we had six all
Americans and our coach was the coach of the sus
City Breeze, which was the the professional league before MLS.
Speaker 6 (13:43):
So yeah, fantastic.
Speaker 7 (13:45):
Were you all American?
Speaker 6 (13:47):
No?
Speaker 1 (13:48):
No, everybody you.
Speaker 6 (13:51):
Well, I ended up.
Speaker 8 (13:54):
Well.
Speaker 6 (13:55):
I was a fullback marking back.
Speaker 1 (13:56):
Okay, my son plays. I played high school soccer. He
is a center midfielder. I didn't grow up playing soccer,
so I have to repeat that to myself so I
remember it because I've had to learn a whole new
vernacular that I did not already know.
Speaker 7 (14:13):
And it doesn't come naturally. You know.
Speaker 1 (14:15):
You kind of you absorb things about football, whether you
played it or not, or baseball or basketball because it's
just part.
Speaker 7 (14:20):
Of our lingo.
Speaker 1 (14:21):
But soccer is, for an American kid, especially in Southeast Texts,
not something that you would have known already whole.
Speaker 7 (14:26):
With me for just a moment.
Speaker 1 (14:27):
Chad Norville is the grand puba of rigzone dot com,
and we're going to talk about the energy industry and
what's going on. And I got to tell you, whether
you're in Tulsa, Oklahoma, Louisiana, Mississippi, from a lot of Florida,
Texas and beyond, this is going to be a big
part of our economy and it's roaring back.
Speaker 7 (14:45):
I look, that's what he's gonna say.
Speaker 1 (14:47):
End of the world as we know it.
Speaker 6 (14:51):
Michael Berry.
Speaker 7 (14:52):
Ends of the world, not fill five.
Speaker 1 (14:58):
Chad Norville is our guest. He is the CEO of
rigzone dot Com and as we look at what's going
to happen in the economy, and that means jobs, that
means spending, that means optimism. It's liberation Day as of
January twentieth, As our president said, the energy industry is
going to be a big part not just for where
(15:19):
I live, but of the country's resurgence. And I wanted
to go to the source, and that's Chadnorvil at rigzone
dot com to tell us what is happening in the industry,
what are you seeing and what do you foresee in
the coming years, And I'll hang up and listen.
Speaker 6 (15:33):
Yeah, of course, so unleashed American energy.
Speaker 7 (15:36):
Right.
Speaker 6 (15:37):
It's been a fascinating week, to say the least.
Speaker 2 (15:41):
We have an editorial team and I talked to editor
on Friday and he's icing his hands because he's typing
so much.
Speaker 6 (15:47):
In the last week. There's been so many traumatic changes.
Speaker 2 (15:50):
These executive orders have unleased a lot of potential. There's
really some fascinating things that are going to help our industry,
and I think a couple of them the you know,
removing the ban on exports of LG is critical and
we'll have a very quick impact. That was pretty shocking
last year whenever the Biden administration seemingly overnight chat.
Speaker 1 (16:12):
I've talked about that, but let me interrupt you. Some
people know exactly what you're talking about. And of course
Mike Johnson told a story the other day about that.
But why don't you explain that to people that don't
know and how big a deal that is.
Speaker 2 (16:27):
Yeah, So, you know, certain areas of our country, the
Marcella Shell, for instance, it's massive for natural gas.
Speaker 6 (16:35):
That's the largest portion of what they do there.
Speaker 2 (16:38):
A lot of the fully integrated, you know, the drillers.
Everyone produces gas in addition to oil. Oil gets the
focus all prices. Natural gas is a key component to
our industry, very important. It's very important to national security.
Our allies rely on it, especially with what's going on
in Ukraine. You know, Europe got a lot of their
(16:58):
natural gas from Russia. Uh So, whenever Biden's administration did
this last year, it you know, it imperiled our allies
and imperiled our national security and ability to help our
allies and you know, support our national interests. So in
addition to the the heart that it inflicted on all
the companies, you know, from all up and down the chain,
(17:21):
from the full multinational fully integrated down to you know,
the smaller independence. So, uh, it was a pretty massive
shockwave across the industry whenever he did that last year.
I think it had a prove detrimental effect. We saw
it last year. I think that was one of the
things that really had a pretty negative impact on the
(17:41):
industry last year. And we saw it with our job
fairs that we do and all of the key locations
you know, start dwindling and you know, the needs for
employees you know, starts waning. I think that had a
pretty significant impact on it. And not to mention it's
not just our allies and national security, uh, you know
deficits you know with with other countries that those deficits
(18:03):
are reduced whenever we have significant natural gas you know,
flowing out exporting it from the United States, So that
doesn't get talked about much, but there's an impact there
as well. So yeah, it was dramatic, shocking when he
did it. I don't think it got played up near
as much as it should have. But you know, I
know Rick Perry said that that was one of the
things that he was most excited about.
Speaker 6 (18:24):
I couldn't agree more.
Speaker 1 (18:26):
Yeah, it's it's kind of interesting because your industry energy
from you know, oil rigs is where we get the
Rigzone dot Com, which is kind of at the center
of the energy industry in your sort of a stock
exchange of information for people interested in that sector of
the economy, which it's so big, and yet there is
(18:48):
so little talk about it. I mean, I guess you know,
you'll hear a reference to what the price of gas
is at the pump, but there's so much more to
it than that, and it's surprising that we don't hear
more about that. So let's pivot to where we are. Now,
what are you seeing? What are you hearing is already happening,
(19:09):
if anything, as a result result of the Trump administration
and just as importantly not being the Biden administration.
Speaker 2 (19:16):
Yeah, so we have two different angles in which we
gather information, right, we have our editorial team, which you
know focuses almost exclusively on oil and gas in our industry.
We talked to, you know, all of the largest players
in the analyst side, so you know, Commodities Research at,
City Group, Parentage Foundation, American Enterprise Institute, Rice, Commodities Research
(19:40):
heads at you know, all the large institutions. You know,
we're on the regular basis talking to these folks getting
their analysis, hearing you know what research their teams are
putting together and telling clients and large industrial investors. So
you know, we get that side, and we get you know,
a pretty broad macro oriented view. Then you know, we
work with all the largest national old companies. You know,
(20:03):
over the last ten years, we've worked nearly all of them,
ninety nine percent of them drilling contractor service, all the
big service companies, all the way down.
Speaker 6 (20:12):
To like I said, the small companies.
Speaker 2 (20:13):
We do advertising and recruitment services for those, you know,
all up and down the chain, so we get their
insights too, and we're working with them on job fulfillment,
right We're trying to place candidates for them, professionals, you know,
get them out in the ole field or in the patch.
Speaker 6 (20:27):
So we're getting both sides.
Speaker 2 (20:29):
And so first and foremost, both of them are saying,
you know, being a latterly that or universally that this
unleashed American energy and all of the I think it
was six pretty broad executive what is of the forty six,
but Trump issued are an overwhelming too for our industry.
It's fantastic, you know, and it's not just everyone focuses
(20:53):
on public lands and drilling, and that's important and useful,
but it's more of reducing the strain on regulatory impacts
for us trying to get permitting.
Speaker 6 (21:04):
That's important.
Speaker 1 (21:05):
And what kind of regulatory handcuffs do we see that
you would if I made you king for a day
and you had no political pressures and no greeny weenies
protesting outside of your house, what would be some of
the low hanging fruit that you'd say, Man, if Trump
will just do this, we'll see what. We'll see hiring resume,
We'll see drilling resume, we'll see refining resume.
Speaker 2 (21:27):
I think just the time to get a permit in
and of itself it increased significantly under the Biden administration.
That's almost a year now just to get a standard
permit that in and of itself, and that is something
that they're focused on streamlining the permitting process in and
of itself, that singular would be very beneficial.
Speaker 1 (21:47):
You know what's so funny about that, Chad Norville, as
our guest, he's the CEO of rigzone dot com, is
you see this in real estate. You see communities like
Denver where they seemingly California, where they don't want you
to build, and the way they do it is they
simply slow roll, drag their feet on permits, and so
(22:09):
you start, you got borrowing costs, or even if you're
paying cash, you got money tied up.
Speaker 7 (22:13):
When you lock.
Speaker 1 (22:15):
Down a property and you can't begin to start breaking
ground for a year or two, that's money lost on
that that has to be recouped on the back end. Well,
I didn't even think about it. But in your business,
that's the same thing. If you can't if you can't
begin to drill or whatever that aspect of the energy
industry you are, that's a cost that's being passed on
(22:35):
to the rest of us. It's jobs that are not
being fulfilled. Who's hiring right now or is it the
independence is the big boys?
Speaker 7 (22:41):
Is it everybody?
Speaker 2 (22:43):
Yeah, so everyone's hiring, but you know it's not picking
up significantly right now. We're seeing a lot of the
big places.
Speaker 1 (22:50):
And I'm sorry, my clock management is worse than less miles.
Speaker 7 (22:53):
We'll continue our conversation with.
Speaker 1 (22:54):
Chad Norville on who's hiring right now? Of rigzone dot com,
all your energy news remain scared to death of you,
and they remain scared.
Speaker 7 (23:03):
To death of Trump. The Michael Berry show.
Speaker 1 (23:05):
You're not going anywhere, even if Trump does, You're not
chat normal, is our guest. He is the CEO of
rigzone dot com. And if you don't know, I'm sure
you do. It is a marketplace of information about the
energy industry. It is also, to my knowledge, he'll correct
me if I'm wrong, the largest job placement entity for
(23:27):
people in the energy industry. When people are hiring or
looking for a job in the energy industry, they go
to rigzone dot com. Are y'all the biggest in the
in the space.
Speaker 6 (23:38):
Yes, we're the largest.
Speaker 2 (23:39):
We're the largest for jobs and news for the olin
gas industry.
Speaker 1 (23:42):
Well, okay, so tell me about you were about to say,
who's who's hiring, and particularly who's hiring. That's a marginal
difference from what we saw six months ago. Who's beginning
to hire a new or increasing their hiring.
Speaker 6 (23:56):
Yeah.
Speaker 2 (23:56):
So, I think in general, what we're hearing from the
medium to larger sized firms is that they're expecting a
relatively flat twenty twenty five relative to twenty twenty four.
Like I said, there's a lot of optimism in the marketplace,
but there are headwinds, you know.
Speaker 6 (24:14):
Like I told you earlier.
Speaker 2 (24:17):
The Trump administration is looking to reduce some of the
red tape for permitting and whatnot. But there are other
things that have happened that are going to provide legal
challenges to that. Last year of the Supreme Court put
an end to the Chevron defense. That's pretty challenging because
it's going to allow some use to if there was
(24:38):
some unclear uncertainty and a law or a principle, then
the courts would refer to some administrative agency.
Speaker 6 (24:44):
Now that's not the case anymore.
Speaker 2 (24:46):
That would have been very beneficial under Trump's unleashed American
energy policy.
Speaker 6 (24:53):
That's not the case necessarily anymore. So there may be
legal challenges there.
Speaker 2 (24:57):
So I feel like the discussions we're having is kind
of a wait and see approach. But you know, cautiously optimistic. Uh,
that's what we're hearing from the larger producers, the medium
and smallers. We're hearing more optimism, uh, you know, more
near term optimism, only hiring, fast tracking projects, you know,
getting permits, doing different things of that nature. So as
(25:20):
far as who's hiring, that's what we're seeing in the
you know, and and it's you know, we operate worldwide
it's different geographically. I'm talking about just the United States.
So we're seeing we do job fares and all the
key oil and gas markets, you know, Texas obviously, Houston, Midland,
we do some in La Faiae for Louisiana, we do
some in North Dakota and in.
Speaker 6 (25:41):
Pennsylvania from Marcellas. So what we're seeing is a lot of.
Speaker 2 (25:46):
Tech roles, filled operations types of roles. Those are the
things that I've been seeing and I'm still seeing with
the job fares that we're putting together now and who
we're talking to. You go on rigs on and find
a patrol, engineer, mechanical, let's go engineer.
Speaker 8 (25:59):
You know.
Speaker 2 (26:00):
See physical roles, Uh, those are always there, but we
see large changes as the cycles change. Right, we saw
things during the pandemic, for instance, it went to a
lot of white.
Speaker 6 (26:11):
Collar office roles. Uh. Now we're seeing a lot of
tech roles. So field service technicians i n e.
Speaker 2 (26:17):
Technicians, that's instrumentation and electrical mechanics.
Speaker 6 (26:21):
Those are the types of roles right now.
Speaker 2 (26:22):
We're seeing a lot a lot of instrumentation, a lot
of electrical, a lot of valve technicians. Those types of
field roles are the things that we're really seeing the
most right now, and I'm not seeing any changing that yet, although,
like I said, we've talked to some fairly large players
that are not signing up for our jumpers right now
but looking to do, you know, signing up for three
(26:43):
or four months down the road. So it feels like
there is the wait and see kind of how how
are the tariffs going to play out? You know, there's
so many positives. Like I said, there's so many uh
you know, really three things coming out of this and
least American energy policy. But at the same time, there
are wins potentially out there that you know, when it
comes to the massive capital expenditures that some of these
(27:05):
companies are responsible for. You know, the risks are potentially reduced,
but there's other risks and new variables coming into play.
Twenty five percent tariffs on Canada and Mexico. That would
be interesting, right. Can those people that pull up, you know,
have access to the first strings and pull those strings
at these large companies, you know, billion dollar projects and more.
(27:26):
They have to be cautious and see what those impacts are.
What is old price going to be? At the end
of the day, it's still supply, demand and geopolitics that
drives our industry. Price is king and this it's not
like it was ten years ago. You know, ten years ago,
in the real heyday, we had three times the amount
of rigs in the United States that we do now
or more. It was all about supply. You know, demand
(27:49):
was stable and growing and are we going to be able.
Speaker 6 (27:52):
To make meat supply?
Speaker 2 (27:54):
Now it has turned on its head and now it's
about demand. China's fallen away, you know, they're you talked
about real estate. Their real estate debacle has really buckled
their economy and so their demand is off. But there
are a lot of emerging markets. Demand is not going anywhere.
The oil and gas industry is not going anywhere, right,
(28:14):
you know, we're fortunate we have some renewables and such,
just so oil isn't one hundred and twenty dollars a barrel.
Speaker 1 (28:20):
Frankly, Yeah, it's uh fascinating.
Speaker 7 (28:24):
Do you watch landman?
Speaker 6 (28:27):
I haven't I have the whole season recorded. I haven't
had the It's been a busy start of the year.
Speaker 2 (28:31):
But we're going out to Midland for a job for
the next week, and some of our colleagues out there
that we work with have insisted that I watch it
before it comes, so maybe on the agenda this week.
Speaker 1 (28:41):
Okay, I have to warn you because a lot of
people in your industry hate it because it's not one
hundred percent exact. And I go, look, I watch movies
about courtroom lawyers, and I don't go, that's not really
what it's like because it would ruin it. Right, cops
will tell you that's not really what it's like. So
it may that you may have too much information, but
(29:03):
I will tell you. After sling Blade his finest role,
and after Friday Night Lights his second finest role. This
is my third favorite role by Billy Bob Thornton, and
he is so darn good in this role.
Speaker 7 (29:17):
It's just it's amazing. He's he just nails it.
Speaker 1 (29:21):
I have so many relatives that he reminds me of,
Like you wouldn't believe.
Speaker 7 (29:26):
Chat let me ask you a question.
Speaker 1 (29:27):
I didn't want to interrupt you, which is hard for
me because I'm an interrupt. Chad Norvil is the CEO
of rigzone dot com. You mentioned that the job that
a lot of the jobs that are available now are
in instrumentation, and I know a little about the industry
and I know that my wife was at El Paso
Energy and and you know twenty five years ago they
(29:49):
were using technology to open and close valves, which was
why Y two K was.
Speaker 7 (29:56):
So important to what they were doing.
Speaker 1 (29:58):
But when you look at the role of AI, which
scares people today, how fast do you think AI is
going to, if at all, is going to replace the
jobs of people who are reading, calibrating, doing workovers, tear down,
(30:19):
they're doing things that relate to the instrumentation and the
importance of that instrumentation. How much in how fast do
you think that's going to affect that.
Speaker 2 (30:32):
I think it will affect it, but I think it's
just going to change the mechanisms in which you work
and operate.
Speaker 6 (30:39):
And I've seen that in what I do.
Speaker 2 (30:42):
You know, we've released some AI tools onto our website
as well here in the last two weeks. Actually we've
been working on them for a year. They all benefit
the recruiters in the industry. You know, salary information. Go
ask for some salary information on Rigson's new AI Riggs
on GPT chat button. See what you get from itascinating.
Speaker 8 (31:01):
Uh.
Speaker 2 (31:01):
You know, we have looked at a bunch of different
cover letters over the years, you know, did qualitative maintenance
on them and found the ones that we thought were
most accurate and the recruiters would appreciate the outline how
our work history would apply most directly to a job.
Speaker 6 (31:19):
And we trained the model.
Speaker 2 (31:20):
An AI model, and now we're leveraging that model for
our candidates and the recruiters because it's going to highlight
for them more effectively and efficiently.
Speaker 6 (31:29):
You know what that candidate is bringing to the table.
Speaker 2 (31:32):
That's live for free now for candidates, and what our
recruiters get whenever they sign up on a rig zone.
Speaker 6 (31:37):
So I'm fully embracing it. I'm more productive now.
Speaker 1 (31:41):
Glen Garry, Glenn Ross ABC. Always be closing. Dude, you're
throwing the website in there. You're throwing in what y'all do?
Speaker 7 (31:48):
I mean, it's impressive. Hold with me.
Speaker 1 (31:49):
Chad Norville is the CEO of rigzone dot com and
obviously did I mention he's chief sales officer too remote
you you could appreciate that he doesn't go it's sramone
and do stupid.
Speaker 7 (32:00):
He just kind of eases it in there. Hold on
Coming up, we will talk to the CEO of rigzone
dot com, which is the place to get energy news.
It's a place where energy companies find people to hire,
and it's for the place where if you want to
get into the burgeoning energy industry, it's the place for
you to go. But on this day in history, yesterday,
we didn't get to it. World Health Organization declared the
(00:20):
COVID nineteen pandemic to be a public health emergency. Well,
we had a great and I mean great in turn
a couple of years ago, back in twenty twenty two.
Name's Victoria Ryan. She's gone on to excellence in her career.
She was a student at Texas A and M at
the time. Her father read Ryan's a friend of mine
(00:41):
and her grandfather Nolan Ryan. And we asked her to
share with us how the COVID response affected her as
a high school student and a college student, and I
thought she was brilliant.
Speaker 2 (00:52):
COVID nineteen the disease that defined our lives in twenty twenty,
Chinese health authorities are still working to identify the virus
behind a pneumonia outbreak in the central city of one.
At least fifty nine people are believed to have been
sickened by the new virus.
Speaker 3 (01:06):
Tonight, US airports on Ohiomork screening passengers, SUSY.
Speaker 1 (01:11):
Declared the coronavirus and mobilizing the National Guard to help
overwhelm hospitals.
Speaker 4 (01:17):
I know we've all heard about COVID for the past
two and a half years. It feels like it's all
we've talked about. We discussed and argued over lockdowns, quarantines,
school closures, business closures, health problems, vaccines, and so many others.
Speaker 5 (01:31):
The breaking news stay at home. That is the order
tonight from four state governors as the coronavirus pandemic spreads
New York, California, Illinois, and Connecticut, all ordering non essential
employees to stay home. As the crisis sweeps the nation.
Speaker 2 (01:44):
We may never really return to the normal life that
we once had.
Speaker 4 (01:47):
However, something that I've not heard much conversation about has
been the ramifications of COVID on Generation Z. For me,
the peak of COVID took place my last year of
high school. Canceling the last three months of my senior year.
Speaker 2 (02:00):
Ordered all schools closed.
Speaker 6 (02:02):
It's a desperate measure that could have far reaching impacts.
Speaker 4 (02:05):
We continued under lockdown procedures until the beginning of the summer,
but remained having restrictions all the way through the end
of my freshman year of college. This has been the
same for most colleges across Texas, and for colleges outside
of the state, probably more severe than this.
Speaker 7 (02:19):
My school where I'm from has really been impacted by
the virus.
Speaker 1 (02:22):
We expected something to happen soon, but we didn't know
it would be this drastic so quickly.
Speaker 8 (02:28):
When my chancellor first sent out an email telling us
that QCSB is going over moll at hours so shocked.
Speaker 3 (02:38):
No one knows what's happening, But in terms of the
professors and the universities, they're doing the best they can.
They don't know how to cope, just as much as
we don't know how to cope.
Speaker 4 (02:47):
My freshman year of college I learned less than I
ever have before, not because I picked a bad university
or because I had bad professors. I actually think the
exact opposite, but rather because zoom learning and hybrid learning
are simply not an adequate replacement for being in a classroom.
Students everywhere felt this extreme lack in their education. I
(03:07):
do remember having a couple of breakdowns, and I was
texting my friends.
Speaker 1 (03:11):
Like, why am I having so many mental breakdowns?
Speaker 3 (03:13):
Online school isn't giving me more of stress than aring
school did.
Speaker 4 (03:17):
And from what I've heard, this was much worse in
high schools across the country.
Speaker 2 (03:20):
We're all really struggling.
Speaker 1 (03:21):
Sucks definitely, that's interested.
Speaker 5 (03:24):
In the fall of twenty twenty alone, over fifty six
percent of students said their stress related to school increased
compared to the time before coronavirus. The study also found
forty one percent said their effort toward learning decreased.
Speaker 1 (03:38):
My attention definitely decreasing.
Speaker 2 (03:39):
I'm still surprised that how much online's affecting you.
Speaker 4 (03:44):
Learning obviously suffered, as did social skills, extracurriculars, job searching,
and overall development. But the most significant ramification that I've
seen in my generation as a result of the COVID
response has been in the mental health sector.
Speaker 3 (03:58):
Being here in Ela County, where the cases are soaring
and doubling and tripling with each day, is really heightening
my fear. When I came home yesterday, I had a
lot of paranoia around. I really just sat through a flight.
I really just went through two of the biggest airports
and who knows what I touched.
Speaker 4 (04:13):
I've seen a considerable uptick in the number of peers
I have struggling with mental health issues from early twenty
twenty to now. I would say that in general, people
that I know who are medicated for depression and anxiety
has at least doubled, but the overall sense of self worth, independence,
and self confidence has decreased at a much greater margin
than that. We are not intended to live in isolation,
(04:33):
especially as teenagers and young adults, and we are just
beginning to see the consequences of living that lifestyle for
about a year.
Speaker 1 (04:40):
There's a distinction between social distancing and social isolation. But
it's not only our seniors who are impacted, and as
this pandemic continues, the mental health tool will grow.
Speaker 2 (04:49):
That it's important conversation to have every day, especially right
now as many of us grapple with the effects of
a nearly year long pandemic.
Speaker 4 (04:57):
Kids and teens may develop serious mental health conditions because
of the pandemic, including PST For my generation, it's frustrating
that something that was supposed to be protecting our health
ended up being the root cause for more mental health
issues than the world has ever seen before. It's understandable
that our leaders made blanket decisions out of fear when
(05:18):
COVID was first occurring. Everyone was scared. However, making decisions
out of fear doesn't take away from the consequences of
those decisions. Part of the responsibility of being a leader
is being able to adapt and change course and the
decisions you make, and ultimately admitting when well intentioned mandates fail.
We all know that didn't take place.
Speaker 8 (05:37):
Making sure healthcare workers are vaccinated because if you seek
care at a health care for scility, you should have
a certainty that the people providing that care are protected
from COVID and cannot spread it to you.
Speaker 2 (05:49):
Fully vaccinated people do have the potential to be able
to transmit COVID. Nineteen, we are seeing an outbreak of
the unvaccinated.
Speaker 4 (05:57):
We're increasingly hearing about fully vaccinated people infected with COVID.
Speaker 8 (06:01):
This is a pandemic of the unvaccinated.
Speaker 1 (06:04):
There were two people in our group in Kate cod
and seven of the ten tested positive for COVID.
Speaker 8 (06:08):
All of us vaccinated, and it's critical, critical, critical critic
that they follow the science.
Speaker 1 (06:15):
It wasn't a common coal, the double vaccinated Torontonian caught.
It was COVID nineteen.
Speaker 4 (06:20):
They're really criticizing science because I represent science for my generation.
It seemed as if political narratives took precedent over what
was it the best interest for overall health and safety.
And now Generation Z will forever live for these consequences.
Speaker 1 (06:34):
Will fart hard for the freedom to hold The Michael
Berry Show. Ah your gender direction. So as you know,
we don't just talk politics on the Michael Berry Show.
Speaker 7 (06:45):
We talk all sorts of things.
Speaker 1 (06:47):
And I love to talk to business owners, business leaders,
see how they arrived where they are in their career,
See what decisions they're making today, See what the what
data they're getting, what trends they're seeing that the rest
of us don't see. And most of what we know
of what happens in the corporate boardroom, in the companies
(07:08):
on the warehouse floor is what is reported by the media,
and we know from politics that that's not always accurate.
So I like to go straight to the source. Oracle
is A has a product called NetSuite that is for
C level executives, and they have the cfo's Guide to
AI and Machine Learning that you can get at NetSuite
dot com, Forward slash Berry. They love our business stories
(07:31):
and we're going to be doing more of them. NetSuite
dot Com, Forward slash Barriers, Netsweet by Oracle, And what
it allows you to do is make decisions faster, whether
you're looking to buy a company, sell a division of
your company, you need to close out your books, and
it's taking months to do that Quickbrooks work for you,
and then your company grew and we know how important
(07:51):
AI is today. We know how important it is to
get data fast. NetSuite dot com Forward slash Berry for
the cfo's Guide to AI and Machine Learning and find
out why over forty one thousand businesses ramone have upgraded
to NetSuite by Oracle, Netsweet dot com, Forward slash Barry.
So I thought what we'd do because I'm fascinated, as
you know, by the energy industry and we talk about
(08:13):
it a lot. A lot of you send me emails
from the oil patch, whether you're on an offshore platform
or you're in downtown Houston in the c suite of
your own company, talking about the energy industry and insights.
And I thought, well, who better than Rigzone, which is
a a at the at the what's the term I'm
(08:36):
looking for the pivot point, the bullpen, you know, the
pictures mound of what's going on in in energy. So
Chad Norville their CEO, CFO, c HL, He's everything Ramon,
he has every title, he makes a lot of money.
He agreed to be our guest, and I'm honored that
he did.
Speaker 2 (08:56):
Chad, like you don't have mentioned the money.
Speaker 7 (09:00):
I mean, do I have.
Speaker 1 (09:02):
To do I have to call you mister Norville? Or
can I call you Chad chat?
Speaker 6 (09:06):
Please?
Speaker 1 (09:07):
Do you have a secretary because people don't have secretaries anymore.
Speaker 6 (09:11):
No, I don't have a secretary. Do you have an assistant? I? Well,
no I don't. Actually I don't have an assistant.
Speaker 7 (09:18):
You don't have anything.
Speaker 1 (09:20):
Nope, Man, I have an assistant and I'm nobody.
Speaker 6 (09:25):
Wow, you're a little more than that, I think.
Speaker 1 (09:27):
Does anybody at the company refer to you as mister Norville?
Speaker 7 (09:29):
Be honest, No, they don't.
Speaker 1 (09:32):
Do y'all have a mail runner?
Speaker 2 (09:35):
No?
Speaker 1 (09:35):
Do you have anything we used to have when I
started off in business in the early nineties.
Speaker 2 (09:40):
No, it's technical, it's all. It's all email and and shot.
We we have a massive email system. Actually, that has
taken the place. We send over thirty million emails a month.
Speaker 1 (09:51):
Well, I know what, That's not as interesting as knowing
like if I go to your kitchen on you what
floor of what floor are you on?
Speaker 7 (09:57):
In your in your office building?
Speaker 6 (09:59):
We're on the top.
Speaker 7 (10:00):
I thought, for oh you heard that? Oh he's kind
of suddenly drop that. In what building?
Speaker 6 (10:04):
Is it? Ron two ninety?
Speaker 7 (10:09):
Okay?
Speaker 1 (10:10):
If I go into the kitchen, there is there a
vending machine or a coke machine? And is the stuff
free to employees or do I have to pay for it?
Speaker 2 (10:19):
It's tree We have cokes and sodas and water machines.
Speaker 1 (10:23):
Chad, can I tell you a quick story before we
get into this. Chad Norville is the CEO of rigzone
dot com. By the way, So when I was a
college student, I had a classmate who was a little
older than me named Carl Barris. And Carl was a genius.
He was graduating from the University of Houston Engineering School.
And let's just say I wasn't an engineering, very very
technically smart individual, high IQ full scholarship, hoold deal.
Speaker 7 (10:47):
And he was.
Speaker 1 (10:48):
He was interning and then he just he had just
accepted a job at Compact Computers. Rod Canyon was the
CEO at the time, and he gave my wife and
I a tour of their campus and he had a
fob keeps. The first time I ever saw it was
the old white like crown castle, looked like a credit
card and he swiped. He wore it around his neck,
around the lanyard and he swiped it. Now, I don't
(11:11):
know how old you are, but in nineteen eighty nine
or ninety this was a big deal. And we went
in in the highlight of our tour. We were poor
college kids. Was he took us to the kitchen, the
employee kitchen, and he goes, you want a coke And
I don't have any money. It's free, And I pulled
out a cup and I put it under the coke
machine and there was like you could make a suicide.
(11:33):
We called him a suicide. When I was a kid,
you could put coke and doctor pepper and it was
free and Chad. To this day, I still think about that,
So I'm happy to hear y'all give away free cokes.
Speaker 2 (11:43):
Yeah, it's amazing the things along your path that really
still stand out. I worked at IBM for a while
and I went up to armonk which is their headquarters
outside of New York City, and was just blown away
by the legacy, the breadth of the campus. You know,
I've been out to California and seeing the Oracle and
all of these massive campuses and just sitting IBM and
(12:05):
knowing the legacy.
Speaker 1 (12:07):
Then listen, I'm not paying you because you mentioned Oracle
in there. If you thought that was a little drop
you were going to do and send me an invoice,
I'm not doing it.
Speaker 6 (12:15):
Yeah, I heard you mention Orkle on that.
Speaker 1 (12:16):
Wait, So if I had told you when I so politely,
I guess Emily asked you to do it. But if
when I asked you to have a discussion, not an interview,
of discussion with me, and I told you that the
first five minutes I was going to talk about stupid stuff,
would you have reconsidered to be honest?
Speaker 6 (12:32):
I would not have. No carried down the earth guy.
Speaker 1 (12:34):
So, how did you end up at Rigzone? Let's start there,
and then I want to get into the energy industry.
Speaker 2 (12:40):
Well, I actually was that IBM. I'd worked for AT
and T for a while. You know, initially my family
is all in gas to the core. My grandfather worked
at Shell for thirty years and retired in Dear Park.
My other grandfather was a local union president pipe fitter
in the pipe Fitters Union.
Speaker 6 (12:56):
So I grew up with it. So out of school,
I thought.
Speaker 2 (12:59):
I started getting into computers and programming a little bit.
And you know, the oil and gas was in the
in the in the blood, so I thought I'd maybe
do a little programming and learn some ol and gas skills.
So I started going to school. I played soccer at
first in college and then I transferred back to U.
Speaker 7 (13:15):
H Ye, that's a big deal. Any collegiate do was
it d one?
Speaker 6 (13:20):
Uh? It was No, it was in Ai. This was
in the mid nineties.
Speaker 7 (13:25):
Play college soccer.
Speaker 2 (13:27):
It was in Iowa. It was a school in Siux
City called Westmore University.
Speaker 6 (13:34):
School. Yeah.
Speaker 2 (13:35):
The soccer team was amazing that we had six all
Americans and our coach was the coach of the sus
City Breeze, which was the the professional league before MLS.
Speaker 6 (13:43):
So yeah, fantastic.
Speaker 7 (13:45):
Were you all American?
Speaker 6 (13:47):
No?
Speaker 1 (13:48):
No, everybody you.
Speaker 6 (13:51):
Well, I ended up.
Speaker 8 (13:54):
Well.
Speaker 6 (13:55):
I was a fullback marking back.
Speaker 1 (13:56):
Okay, my son plays. I played high school soccer. He
is a center midfielder. I didn't grow up playing soccer,
so I have to repeat that to myself so I
remember it because I've had to learn a whole new
vernacular that I did not already know.
Speaker 7 (14:13):
And it doesn't come naturally. You know.
Speaker 1 (14:15):
You kind of you absorb things about football, whether you
played it or not, or baseball or basketball because it's
just part.
Speaker 7 (14:20):
Of our lingo.
Speaker 1 (14:21):
But soccer is, for an American kid, especially in Southeast Texts,
not something that you would have known already whole.
Speaker 7 (14:26):
With me for just a moment.
Speaker 1 (14:27):
Chad Norville is the grand puba of rigzone dot com,
and we're going to talk about the energy industry and
what's going on. And I got to tell you, whether
you're in Tulsa, Oklahoma, Louisiana, Mississippi, from a lot of Florida,
Texas and beyond, this is going to be a big
part of our economy and it's roaring back.
Speaker 7 (14:45):
I look, that's what he's gonna say.
Speaker 1 (14:47):
End of the world as we know it.
Speaker 6 (14:51):
Michael Berry.
Speaker 7 (14:52):
Ends of the world, not fill five.
Speaker 1 (14:58):
Chad Norville is our guest. He is the CEO of
rigzone dot Com and as we look at what's going
to happen in the economy, and that means jobs, that
means spending, that means optimism. It's liberation Day as of
January twentieth, As our president said, the energy industry is
going to be a big part not just for where
(15:19):
I live, but of the country's resurgence. And I wanted
to go to the source, and that's Chadnorvil at rigzone
dot com to tell us what is happening in the industry,
what are you seeing and what do you foresee in
the coming years, And I'll hang up and listen.
Speaker 6 (15:33):
Yeah, of course, so unleashed American energy.
Speaker 7 (15:36):
Right.
Speaker 6 (15:37):
It's been a fascinating week, to say the least.
Speaker 2 (15:41):
We have an editorial team and I talked to editor
on Friday and he's icing his hands because he's typing
so much.
Speaker 6 (15:47):
In the last week. There's been so many traumatic changes.
Speaker 2 (15:50):
These executive orders have unleased a lot of potential. There's
really some fascinating things that are going to help our industry,
and I think a couple of them the you know,
removing the ban on exports of LG is critical and
we'll have a very quick impact. That was pretty shocking
last year whenever the Biden administration seemingly overnight chat.
Speaker 1 (16:12):
I've talked about that, but let me interrupt you. Some
people know exactly what you're talking about. And of course
Mike Johnson told a story the other day about that.
But why don't you explain that to people that don't
know and how big a deal that is.
Speaker 2 (16:27):
Yeah, So, you know, certain areas of our country, the
Marcella Shell, for instance, it's massive for natural gas.
Speaker 6 (16:35):
That's the largest portion of what they do there.
Speaker 2 (16:38):
A lot of the fully integrated, you know, the drillers.
Everyone produces gas in addition to oil. Oil gets the
focus all prices. Natural gas is a key component to
our industry, very important. It's very important to national security.
Our allies rely on it, especially with what's going on
in Ukraine. You know, Europe got a lot of their
(16:58):
natural gas from Russia. Uh So, whenever Biden's administration did
this last year, it you know, it imperiled our allies
and imperiled our national security and ability to help our
allies and you know, support our national interests. So in
addition to the the heart that it inflicted on all
the companies, you know, from all up and down the chain,
(17:21):
from the full multinational fully integrated down to you know,
the smaller independence. So, uh, it was a pretty massive
shockwave across the industry whenever he did that last year.
I think it had a prove detrimental effect. We saw
it last year. I think that was one of the
things that really had a pretty negative impact on the
(17:41):
industry last year. And we saw it with our job
fairs that we do and all of the key locations
you know, start dwindling and you know, the needs for
employees you know, starts waning. I think that had a
pretty significant impact on it. And not to mention it's
not just our allies and national security, uh, you know
deficits you know with with other countries that those deficits
(18:03):
are reduced whenever we have significant natural gas you know,
flowing out exporting it from the United States, So that
doesn't get talked about much, but there's an impact there
as well. So yeah, it was dramatic, shocking when he
did it. I don't think it got played up near
as much as it should have. But you know, I
know Rick Perry said that that was one of the
things that he was most excited about.
Speaker 6 (18:24):
I couldn't agree more.
Speaker 1 (18:26):
Yeah, it's it's kind of interesting because your industry energy
from you know, oil rigs is where we get the
Rigzone dot Com, which is kind of at the center
of the energy industry in your sort of a stock
exchange of information for people interested in that sector of
the economy, which it's so big, and yet there is
(18:48):
so little talk about it. I mean, I guess you know,
you'll hear a reference to what the price of gas
is at the pump, but there's so much more to
it than that, and it's surprising that we don't hear
more about that. So let's pivot to where we are. Now,
what are you seeing? What are you hearing is already happening,
(19:09):
if anything, as a result result of the Trump administration
and just as importantly not being the Biden administration.
Speaker 2 (19:16):
Yeah, so we have two different angles in which we
gather information, right, we have our editorial team, which you
know focuses almost exclusively on oil and gas in our industry.
We talked to, you know, all of the largest players
in the analyst side, so you know, Commodities Research at,
City Group, Parentage Foundation, American Enterprise Institute, Rice, Commodities Research
(19:40):
heads at you know, all the large institutions. You know,
we're on the regular basis talking to these folks getting
their analysis, hearing you know what research their teams are
putting together and telling clients and large industrial investors. So
you know, we get that side, and we get you know,
a pretty broad macro oriented view. Then you know, we
work with all the largest national old companies. You know,
(20:03):
over the last ten years, we've worked nearly all of them,
ninety nine percent of them drilling contractor service, all the
big service companies, all the way down.
Speaker 6 (20:12):
To like I said, the small companies.
Speaker 2 (20:13):
We do advertising and recruitment services for those, you know,
all up and down the chain, so we get their
insights too, and we're working with them on job fulfillment,
right We're trying to place candidates for them, professionals, you know,
get them out in the ole field or in the patch.
Speaker 6 (20:27):
So we're getting both sides.
Speaker 2 (20:29):
And so first and foremost, both of them are saying,
you know, being a latterly that or universally that this
unleashed American energy and all of the I think it
was six pretty broad executive what is of the forty six,
but Trump issued are an overwhelming too for our industry.
It's fantastic, you know, and it's not just everyone focuses
(20:53):
on public lands and drilling, and that's important and useful,
but it's more of reducing the strain on regulatory impacts
for us trying to get permitting.
Speaker 6 (21:04):
That's important.
Speaker 1 (21:05):
And what kind of regulatory handcuffs do we see that
you would if I made you king for a day
and you had no political pressures and no greeny weenies
protesting outside of your house, what would be some of
the low hanging fruit that you'd say, Man, if Trump
will just do this, we'll see what. We'll see hiring resume,
We'll see drilling resume, we'll see refining resume.
Speaker 2 (21:27):
I think just the time to get a permit in
and of itself it increased significantly under the Biden administration.
That's almost a year now just to get a standard
permit that in and of itself, and that is something
that they're focused on streamlining the permitting process in and
of itself, that singular would be very beneficial.
Speaker 1 (21:47):
You know what's so funny about that, Chad Norville, as
our guest, he's the CEO of rigzone dot com, is
you see this in real estate. You see communities like
Denver where they seemingly California, where they don't want you
to build, and the way they do it is they
simply slow roll, drag their feet on permits, and so
(22:09):
you start, you got borrowing costs, or even if you're
paying cash, you got money tied up.
Speaker 7 (22:13):
When you lock.
Speaker 1 (22:15):
Down a property and you can't begin to start breaking
ground for a year or two, that's money lost on
that that has to be recouped on the back end. Well,
I didn't even think about it. But in your business,
that's the same thing. If you can't if you can't
begin to drill or whatever that aspect of the energy
industry you are, that's a cost that's being passed on
(22:35):
to the rest of us. It's jobs that are not
being fulfilled. Who's hiring right now or is it the
independence is the big boys?
Speaker 7 (22:41):
Is it everybody?
Speaker 2 (22:43):
Yeah, so everyone's hiring, but you know it's not picking
up significantly right now. We're seeing a lot of the
big places.
Speaker 1 (22:50):
And I'm sorry, my clock management is worse than less miles.
Speaker 7 (22:53):
We'll continue our conversation with.
Speaker 1 (22:54):
Chad Norville on who's hiring right now? Of rigzone dot com,
all your energy news remain scared to death of you,
and they remain scared.
Speaker 7 (23:03):
To death of Trump. The Michael Berry show.
Speaker 1 (23:05):
You're not going anywhere, even if Trump does, You're not
chat normal, is our guest. He is the CEO of
rigzone dot com. And if you don't know, I'm sure
you do. It is a marketplace of information about the
energy industry. It is also, to my knowledge, he'll correct
me if I'm wrong, the largest job placement entity for
(23:27):
people in the energy industry. When people are hiring or
looking for a job in the energy industry, they go
to rigzone dot com. Are y'all the biggest in the
in the space.
Speaker 6 (23:38):
Yes, we're the largest.
Speaker 2 (23:39):
We're the largest for jobs and news for the olin
gas industry.
Speaker 1 (23:42):
Well, okay, so tell me about you were about to say,
who's who's hiring, and particularly who's hiring. That's a marginal
difference from what we saw six months ago. Who's beginning
to hire a new or increasing their hiring.
Speaker 6 (23:56):
Yeah.
Speaker 2 (23:56):
So, I think in general, what we're hearing from the
medium to larger sized firms is that they're expecting a
relatively flat twenty twenty five relative to twenty twenty four.
Like I said, there's a lot of optimism in the marketplace,
but there are headwinds, you know.
Speaker 6 (24:14):
Like I told you earlier.
Speaker 2 (24:17):
The Trump administration is looking to reduce some of the
red tape for permitting and whatnot. But there are other
things that have happened that are going to provide legal
challenges to that. Last year of the Supreme Court put
an end to the Chevron defense. That's pretty challenging because
it's going to allow some use to if there was
(24:38):
some unclear uncertainty and a law or a principle, then
the courts would refer to some administrative agency.
Speaker 6 (24:44):
Now that's not the case anymore.
Speaker 2 (24:46):
That would have been very beneficial under Trump's unleashed American
energy policy.
Speaker 6 (24:53):
That's not the case necessarily anymore. So there may be
legal challenges there.
Speaker 2 (24:57):
So I feel like the discussions we're having is kind
of a wait and see approach. But you know, cautiously optimistic. Uh,
that's what we're hearing from the larger producers, the medium
and smallers. We're hearing more optimism, uh, you know, more
near term optimism, only hiring, fast tracking projects, you know,
getting permits, doing different things of that nature. So as
(25:20):
far as who's hiring, that's what we're seeing in the
you know, and and it's you know, we operate worldwide
it's different geographically. I'm talking about just the United States.
So we're seeing we do job fares and all the
key oil and gas markets, you know, Texas obviously, Houston, Midland,
we do some in La Faiae for Louisiana, we do
some in North Dakota and in.
Speaker 6 (25:41):
Pennsylvania from Marcellas. So what we're seeing is a lot of.
Speaker 2 (25:46):
Tech roles, filled operations types of roles. Those are the
things that I've been seeing and I'm still seeing with
the job fares that we're putting together now and who
we're talking to. You go on rigs on and find
a patrol, engineer, mechanical, let's go engineer.
Speaker 8 (25:59):
You know.
Speaker 2 (26:00):
See physical roles, Uh, those are always there, but we
see large changes as the cycles change. Right, we saw
things during the pandemic, for instance, it went to a
lot of white.
Speaker 6 (26:11):
Collar office roles. Uh. Now we're seeing a lot of
tech roles. So field service technicians i n e.
Speaker 2 (26:17):
Technicians, that's instrumentation and electrical mechanics.
Speaker 6 (26:21):
Those are the types of roles right now.
Speaker 2 (26:22):
We're seeing a lot a lot of instrumentation, a lot
of electrical, a lot of valve technicians. Those types of
field roles are the things that we're really seeing the
most right now, and I'm not seeing any changing that yet, although,
like I said, we've talked to some fairly large players
that are not signing up for our jumpers right now
but looking to do, you know, signing up for three
(26:43):
or four months down the road. So it feels like
there is the wait and see kind of how how
are the tariffs going to play out? You know, there's
so many positives. Like I said, there's so many uh
you know, really three things coming out of this and
least American energy policy. But at the same time, there
are wins potentially out there that you know, when it
comes to the massive capital expenditures that some of these
(27:05):
companies are responsible for. You know, the risks are potentially reduced,
but there's other risks and new variables coming into play.
Twenty five percent tariffs on Canada and Mexico. That would
be interesting, right. Can those people that pull up, you know,
have access to the first strings and pull those strings
at these large companies, you know, billion dollar projects and more.
(27:26):
They have to be cautious and see what those impacts are.
What is old price going to be? At the end
of the day, it's still supply, demand and geopolitics that
drives our industry. Price is king and this it's not
like it was ten years ago. You know, ten years ago,
in the real heyday, we had three times the amount
of rigs in the United States that we do now
or more. It was all about supply. You know, demand
(27:49):
was stable and growing and are we going to be able.
Speaker 6 (27:52):
To make meat supply?
Speaker 2 (27:54):
Now it has turned on its head and now it's
about demand. China's fallen away, you know, they're you talked
about real estate. Their real estate debacle has really buckled
their economy and so their demand is off. But there
are a lot of emerging markets. Demand is not going anywhere.
The oil and gas industry is not going anywhere, right,
(28:14):
you know, we're fortunate we have some renewables and such,
just so oil isn't one hundred and twenty dollars a barrel.
Speaker 1 (28:20):
Frankly, Yeah, it's uh fascinating.
Speaker 7 (28:24):
Do you watch landman?
Speaker 6 (28:27):
I haven't I have the whole season recorded. I haven't
had the It's been a busy start of the year.
Speaker 2 (28:31):
But we're going out to Midland for a job for
the next week, and some of our colleagues out there
that we work with have insisted that I watch it
before it comes, so maybe on the agenda this week.
Speaker 1 (28:41):
Okay, I have to warn you because a lot of
people in your industry hate it because it's not one
hundred percent exact. And I go, look, I watch movies
about courtroom lawyers, and I don't go, that's not really
what it's like because it would ruin it. Right, cops
will tell you that's not really what it's like. So
it may that you may have too much information, but
(29:03):
I will tell you. After sling Blade his finest role,
and after Friday Night Lights his second finest role. This
is my third favorite role by Billy Bob Thornton, and
he is so darn good in this role.
Speaker 7 (29:17):
It's just it's amazing. He's he just nails it.
Speaker 1 (29:21):
I have so many relatives that he reminds me of,
Like you wouldn't believe.
Speaker 7 (29:26):
Chat let me ask you a question.
Speaker 1 (29:27):
I didn't want to interrupt you, which is hard for
me because I'm an interrupt. Chad Norvil is the CEO
of rigzone dot com. You mentioned that the job that
a lot of the jobs that are available now are
in instrumentation, and I know a little about the industry
and I know that my wife was at El Paso
Energy and and you know twenty five years ago they
(29:49):
were using technology to open and close valves, which was
why Y two K was.
Speaker 7 (29:56):
So important to what they were doing.
Speaker 1 (29:58):
But when you look at the role of AI, which
scares people today, how fast do you think AI is
going to, if at all, is going to replace the
jobs of people who are reading, calibrating, doing workovers, tear down,
(30:19):
they're doing things that relate to the instrumentation and the
importance of that instrumentation. How much in how fast do
you think that's going to affect that.
Speaker 2 (30:32):
I think it will affect it, but I think it's
just going to change the mechanisms in which you work
and operate.
Speaker 6 (30:39):
And I've seen that in what I do.
Speaker 2 (30:42):
You know, we've released some AI tools onto our website
as well here in the last two weeks. Actually we've
been working on them for a year. They all benefit
the recruiters in the industry. You know, salary information. Go
ask for some salary information on Rigson's new AI Riggs
on GPT chat button. See what you get from itascinating.
Speaker 8 (31:01):
Uh.
Speaker 2 (31:01):
You know, we have looked at a bunch of different
cover letters over the years, you know, did qualitative maintenance
on them and found the ones that we thought were
most accurate and the recruiters would appreciate the outline how
our work history would apply most directly to a job.
Speaker 6 (31:19):
And we trained the model.
Speaker 2 (31:20):
An AI model, and now we're leveraging that model for
our candidates and the recruiters because it's going to highlight
for them more effectively and efficiently.
Speaker 6 (31:29):
You know what that candidate is bringing to the table.
Speaker 2 (31:32):
That's live for free now for candidates, and what our
recruiters get whenever they sign up on a rig zone.
Speaker 6 (31:37):
So I'm fully embracing it. I'm more productive now.
Speaker 1 (31:41):
Glen Garry, Glenn Ross ABC. Always be closing. Dude, you're
throwing the website in there. You're throwing in what y'all do?
Speaker 7 (31:48):
I mean, it's impressive. Hold with me.
Speaker 1 (31:49):
Chad Norville is the CEO of rigzone dot com and
obviously did I mention he's chief sales officer too remote
you you could appreciate that he doesn't go it's sramone
and do stupid.
Speaker 7 (32:00):
He just kind of eases it in there. Hold on
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.