Western Standard - Shallow rights reversion — good or bad？

00:00:00.000 Hello Western Standard viewers my name is Sean Polzer and I'm the business and energy reporter

00:00:18.420 for here at the Western Standard and you're with us on our weekly business standard business

00:00:25.680 segment. So which is kind of how it got its name. So today, we've got a pretty good show

00:00:32.680 for you. We're talking with Jeff Calloway about shallow rights reversion. So shallow rights

00:00:39.880 reversion is one of those things that everybody has an interest in, especially here in Alberta,

00:00:46.040 but nobody's really interested in because it plays into the orphan wells and some of this

00:00:52.480 a mature well strategy that's being pitched by the alberta government of danielle smith so um

00:01:00.560 they put out a position paper here a couple weeks back and this kind of seems to be a little bit of

00:01:05.280 an addendum to it so we're going to talk with jeff jeff he's chairman of the western standard here

00:01:10.160 but he also has a small little oil company that he's doing some stuff and i like to drop in once

00:01:15.520 in a while and just look in on his maps and you know we can geek out and talk oil and so that's

00:01:20.160 that's what we're going to do, talk a little bit of shop and try to put it down on to a level that

00:01:23.960 maybe most people can understand. And then once again, I've also got Nick Semaine, who's head of

00:01:29.380 DMG events. So last week, well, I guess it was a week before, we were talking from the Edmonton

00:01:35.220 Hydrogen Conference, but I think what he really wants to talk about is some of the things that

00:01:39.100 we're doing with the energy show that's coming up here in June. It's kind of a stampede of oil and

00:01:44.460 gas, and Western standards can be part of it. We've come up with some arrangements for some

00:01:49.860 things that we are going to do with DMG. So we're going to talk a little bit about some things in

00:01:54.900 partnership of what to look forward to from the show. I'm going to ask him the question that I

00:01:59.820 asked last year. He doesn't know this yet, but it's, what about the rodeo, Nick? What about the

00:02:04.260 rodeo? Because that's the one thing that everybody seems to really like. But just from what I've seen

00:02:09.280 on the show, it looks like a stacked program with lots of good speakers, lots of good outdoor events.

00:02:14.400 They're going to have bands and beers and chuck wagons and the whole nine yards. So it's going to

00:02:19.720 be a really good thing. And while we're out of here, we'll just take a minute to ask you all to

00:02:25.000 sign up and maybe take out a membership here at the Western Standard. I am a veteran or a victim

00:02:32.380 of mainstream media, but anyway, I've seemed to found a home here at the Western Standard.

00:02:37.060 We're really proud of what we do, independent media, and I've been able to build up an audience

00:02:43.140 of people who seem to care about some of these business stories and some of the energy stuff

00:02:47.180 that i like to do so i'm glad you're here and if you want to show some support then i think

00:02:53.740 it's incumbent on you to uh take out a membership and uh be part of the team and uh with that uh

00:03:01.500 we'll just like to head into some of our uh some of our talk and uh hope you stay with us thanks

00:03:09.580 so we're here with jeff calloway uh president and ceo of energize energy energize natural resources

00:03:15.420 Standardized Natural Resources. Jeff also happens to be chairman of the board here at Western Standard, and he's in the oil and gas industry, so we kind of talk the same language.

00:03:25.400 So I like to have him in once in a while just so that we can talk about a few things. Welcome.

00:03:30.420 Yeah, thanks for having me again.

00:03:32.180 So I guess the big news is energy and environment ministers. You're saying you're not too familiar with them.

00:03:38.800 um no and it's honestly uh head down in the energy business right trying to make a go of it so

00:03:45.080 especially with these gas prices and what yeah it's an oil prices so right you know i i think

00:03:51.480 it's a little bit more encouraging to have someone that at least that appears to have some uh heft in

00:03:57.600 in the portfolio and experience i mean pretty support director of meg yep yep and with energy

00:04:03.180 But, of course, the new environment minister, a protege of Gilbo.

00:04:09.360 Plastic straws.

00:04:10.520 Plastic straws.

00:04:11.880 Same old.

00:04:13.340 Same old, same old.

00:04:14.100 So we'll have to see who actually has the sway there, who has the power.

00:04:21.460 And, I mean, obviously, in Western Canada and Alberta in particular, we desperately need to find more egress to unite our markets.

00:04:30.980 Yeah, that's another word.

00:04:32.220 that's a fancy word pipeline folks yeah yeah it is but i appreciate your comment though it's like

00:04:37.980 you guys are more worried about gas prices more worried about oil prices you know i mean like

00:04:41.820 it's it's nose to the ground it is i mean i was talking to some marketers this morning and you

00:04:47.020 know just talking about the outlook of uh gas prices and and you know lng canada is coming up

00:04:52.700 hopefully there's no uh delays in in that because that can take about 500 to 700 million cubic feet

00:04:59.660 today, as well as ACO Basin, and then of course there's Scylisum's coming and Cedar, and of course

00:05:07.980 you know it makes lots of headlines about data centers, but that's pretty small in the big scheme

00:05:14.060 of things. Well it was kind of funny because we were out of function and you know Mike Rose

00:05:19.740 Tourmaline was there, and you know aside, our favorite gas companies are actually holding up

00:05:27.260 on the stocks so they're actually not doing that bad over the last month or so i think it was also

00:05:32.300 a function a there's some enthusiasm about lng canada a lot of takeaways happening imminently

00:05:38.220 there but it's there was a lot of real concern about the um state of the gas markets this

00:05:45.900 summer sure and so it's a little bit stronger than what it was anticipated to be um which is good

00:05:51.980 But it's still, I sometimes tell the story.

00:05:55.580 It's like, well, you're not homeless on the street.

00:05:57.900 At least you're in the shelter now.

00:05:59.680 So I don't know.

00:06:01.240 Yeah.

00:06:01.760 No, we were talking about data centers and Mike was saying there's a lot of variability there.

00:06:07.160 Like you were saying, it could be as high as nine BCF a day or North America, which is still really only about 10% of gas.

00:06:14.560 Or it could be a lowest as like two or three, which is a rounding error, like, you know, a couple of good size wells, right?

00:06:21.980 Yeah. Well, yeah. For what tourmaline and art can, can bring on and the potential that we've got there. So, I mean, what we should really see is some more power demand coming. And especially when we're reading the news these days about, you know, lower snowpack in, in BC and that now, and they're having to import power from the US. I mean, hey guys, we got a lot of, of potential electricity generation. If we turn on some natural gas plants, that's nice and stable.

00:06:49.800 If we don't go on no bid in the summer.

00:06:52.080 Yeah.

00:06:52.720 Yeah.

00:06:53.220 But that's actually not what we're really here to talk about.

00:06:56.260 What we're really here to talk about is shallow rights reversion.

00:06:58.840 So I'm looking at the information letter here that came from the Alberta government.

00:07:04.780 It took effect, what, here on May?

00:07:07.660 Mm-hmm.

00:07:07.940 May 1st.

00:07:09.180 So you're kind of a little more involved in that game.

00:07:13.300 Yeah.

00:07:13.540 So obviously we saw deep rights reversion in the past.

00:07:18.920 In the 80s.

00:07:19.240 Yeah, way back. And then shallow rights reversion was sort of proposed, but then put on hold. And now the government's actually coming forward with that. So I'm not going to profess to be subject matter expert here, but from a practical standpoint, there's, well, virtually every producer in the province, I would say, has wells that for a very simplistic, I guess, kind of explanation,

00:07:47.800 you know you you drill down you've got a target formation yeah and then you you produce from that

00:07:54.420 formation you do what's called perforating your well so it's a steel pipe you uh puncture some

00:08:00.980 holes in it and then the oil and gas flows into that uh well from that that depth used to be

00:08:07.680 nitroglycerin now yeah now it's uh sand right yeah exactly multi-stage fracture but but that

00:08:15.160 multi-zone thing that you were talking about. That was one of the advantages of actually

00:08:19.040 drilling in Alberta because you could commingle all these zones and you had bailout targets

00:08:23.500 if your first one didn't work out. And the bailout targets, that is very true. If you're

00:08:29.740 drilling a well, you know, you spend a million bucks, two million bucks, whatever the number

00:08:33.600 is on a vertical well, and then you get down to that zone. If it's not productive, you

00:08:39.700 know and you find water or nothing where applesauce apples yeah you might hope for applesauce ever

00:08:48.460 versus anything else given the price of food these days anyway yeah it's pretty yeah but um then you

00:08:54.800 could go up into a different zone and you could test that one and so on and so forth so in alberta

00:09:02.400 we've got thousands of really shallow gas wells cold bed methane wells and that right so they're

00:09:08.680 already very shallow so there's not really any upside on on those ones to go up hole right but

00:09:15.580 for much of the province which is you know the western half of the province for lack of the big

00:09:22.480 generality deep basin deep basin you start deep and then you eventually keep going up hole and

00:09:30.700 producing the practical matter of that is you produce from you produce everything from the

00:09:36.820 bottom formation and then you go up and then you perforate another zone you produce that

00:09:41.980 and so on and so forth so the practical reality of it is is you can end up extending the life

00:09:51.480 of of a well and you get more production out of that well over time right you wouldn't necessarily

00:09:57.520 go and drill that well for that shallower zone to start with so if um it says in the the bulletin

00:10:07.360 there that you've got three years to prove the the upper hole potential which effectively means

00:10:13.660 you have to go and perforate and test those those upper zones but that can end up impacting your

00:10:20.660 lower zone productivity and now you're you're losing right at a point in time like you said

00:10:27.060 when you know gas prices are uncertain they're kind of lower so now you got to go spend a whole

00:10:32.280 bunch of money to prove up your upper zones so that you're paying on to those rights because

00:10:36.500 you don't get them top to bottom anymore right yeah right so or well depending on how you bid

00:10:42.100 yeah there's lots of different so what do you think is going to happen here like like would

00:10:46.720 it be fair to call this a form of expropriation yeah absolutely like like they're taking away

00:10:53.820 private part yeah they are and to me it doesn't it doesn't make a lot you know it's it's a lease

00:10:59.660 it's a lease from the government but um it it doesn't make a lot of sense to me uh just frankly

00:11:07.100 because you know we're so concerned with abandoning wells and the inanimate liability of wells that

00:11:13.420 if companies aren't um doing that testing of the uphold rights within that that time frame then

00:11:20.460 and they lose the rights, and then you're bringing forward the abandonment

00:11:24.860 obligations on the industry, which places another cost on the industry.

00:11:29.880 And it's done for the province because the province makes royalties off of those

00:11:34.700 extending the well of those lice.

00:11:36.060 And it's not just royalties, but then it's service providers and service rigs and

00:11:40.380 landowner payments and all of those things involved in the production of the well.

00:11:46.100 yeah and so if you're if you take away those those upper hole rights the province is losing that

00:11:54.020 that revenue and all the indirect benefits and okay then the well the well gets capped but it's

00:11:59.940 not economic enough for a new well to be drilled to test those upper zones well and i was just

00:12:08.180 going to say like how many people would go down in there and then drill these uh really shallow

00:12:12.020 wells right like what are you talking less than what two thousand meters yeah absolutely less than

00:12:16.660 two thousand meters yeah so like there's a lot of wells that are say two thousand meters deep and

00:12:21.620 then you're gonna go um say it's a blue sky formation for example that gets depleted and

00:12:28.420 then you go yeah uphold to a shallower formation that might be viking or ostracod or some something

00:12:35.540 else right like this isn't montany this isn't duvernay this is like east the yeah it's typically

00:12:43.540 what's been developed in the basin over right it's like all the stuff since the 1950s yeah

00:12:50.020 so we would you how many wells do you think this this would have to be almost thousands

00:12:56.100 two-thirds like of the well inventory in alberta i would think yeah it's hard because i don't know

00:13:01.460 what how many cbm wells are are there which would be cool then yeah 10 10 10 tens of thousands it 0.93

00:13:08.740 was straws yeah short little little straws down but it would apply to a lot of wells of course

00:13:14.820 it wouldn't apply to like sag d uh wells or anything like that um because those are kind

00:13:20.660 of single zones right yeah yeah you turn along down into yeah yeah and those well pairs and then

00:13:26.580 uh the deeper stuff i don't even think they really bother much with the shallows of it

00:13:29.860 the really deeper stuff yeah if you're doing these duvenay and uh motney wells like yeah no if

00:13:36.140 you're if you're drilling those big horizontals um well you are going through those zones yeah but

00:13:42.620 you're not going and spending seven eight ten million dollars on a well and going hey hopefully

00:13:48.140 i'm going to get a blue sky a blue sky or a viking uh 20 mcf a day producer you know which is like

00:13:55.240 A hundred bucks.

00:13:56.080 Three barrels, a hundred bucks an hour.

00:13:58.200 Well, the gas prices today, like a hundred MCF is like,

00:14:01.280 well, it could be 20 MCF.

00:14:03.000 It might be able to run your pump off it, right?

00:14:05.600 Yeah. You'll pay the landowners and-

00:14:07.420 Yeah, pay the landowner, right?

00:14:08.920 Eat burger and fries.

00:14:10.080 Yeah.

00:14:11.000 That's literally about it.

00:14:13.920 So are you affected by this?

00:14:15.340 Like, have you been getting these notices?

00:14:17.480 Well, everyone-

00:14:19.360 Stuff I hear.

00:14:20.360 Everyone is.

00:14:22.320 We, yeah, honestly, I haven't seen that

00:14:25.240 The notice, I know it's there, but virtually every producer will be impacted by this.

00:14:35.360 I mean, I know, fortunately for us, our field is pretty much as steady as she goes, flat producer, and we've got optimization potential.

00:14:45.200 And that's really the difference, say, between our kind of a company and a big tourmaline or a Duvernay, right?

00:14:52.740 because we exist in different sort of strata

00:14:55.220 where we're squeezing more of the barrels

00:14:57.360 out of the ground.

00:14:58.960 Kind of on the food tune, right?

00:15:00.340 Yeah, yeah, exactly.

00:15:01.840 So what do you think the effect

00:15:03.680 this is going to have for the,

00:15:05.440 because there's a lot of talk

00:15:06.580 about the mature well strategy

00:15:08.460 and Premier Smith was even musing

00:15:14.400 about forming her own oil company

00:15:16.020 to produce these wells

00:15:18.100 to use the production revenue

00:15:19.860 to abandon them, right?

00:15:21.320 Like, now I'm going to seem to be like the proud owner of 100,000, 60 MCF a day.

00:15:28.080 Well, I mean, my first impression is because this could bring forward a lot of the abandonment obligations, you've got to now factor that into your corporate budgets and that.

00:15:40.320 And you may see some initial sort of stimulus period here where you're seeing some uphole perforators.

00:15:49.100 So maybe the lobbyists for the perforating companies got a big win.

00:15:54.520 Do they have it?

00:15:55.340 Is there a perforating or something?

00:15:57.000 I don't know, honestly, but maybe the CAOEC is advocated.

00:16:02.460 But that being said, you know, I think practically speaking, though, it would end up bringing forward a lot of those abandonment obligations.

00:16:11.700 And sadly, I think we'll end up leaving a bunch of resources in the ground to the detriment of Albertans.

00:16:18.100 albert i was just going to ask you like um would it be enough for some companies maybe just to walk

00:16:24.000 away and so you know like these good people that were walking away from the houses when the

00:16:27.060 mortgages go underwater well i i don't know that's pretty speculative you know you know what i mean

00:16:32.260 like like so now all of a sudden you're abandoned liabilities kind of outweigh any returns that you

00:16:37.460 thought that you might have gotten in the past like and then how do you sell this stuff right

00:16:40.740 yeah good luck selling it good luck selling selling your old uh well like practically

00:16:50.500 speaking you know there's there's in the industry in your portfolio of all of the wells that you've

00:16:56.520 got you've got good producers you've got worse producers um try to package it up yeah and so

00:17:02.620 they package them up and as you get towards the end of life companies go okay so do i need to

00:17:08.940 factor in that I'm going to have to be abandoning these wells within a couple of years? Or do I

00:17:17.600 factor in that I will have to be abandoning them much later down the road, offset by the uphole

00:17:23.020 production that we can see? Or like amortization. Yeah, exactly. So it'll get much harder to sell

00:17:35.080 those um more mature assets it would be um yeah yeah so you've kind of had uh dual duty because

00:17:45.840 you're kind of a little bit involved in the political side as well as the business well

00:17:49.440 not for eight years and i don't want to be in it anymore yeah okay no i was just going to say like

00:17:54.040 would you have any insight like into how these discussions go like how would they

00:17:57.640 like why would they come up with something like this and why would they do it now

00:18:01.080 is there political reason or

00:18:03.960 obviously the

00:18:05.780 economics are a little bit challenging

00:18:07.480 you don't have to answer

00:18:11.100 okay

00:18:13.480 I'll tell I'll tell I'll just say this one

00:18:15.780 little story some people

00:18:17.740 who will see me will see

00:18:19.660 like oh he must be political animal and the whole bit

00:18:21.680 but I can truthfully tell one of the

00:18:23.760 reasons why I actually got involved in politics

00:18:25.700 to start with is

00:18:27.520 go and meet your mla and when you consider that these mlas as a as a collection are managing now

00:18:40.800 a 70 billion dollar budget or and the province and you're talking about health care and education

00:18:45.360 and the economy and everything in this province right you quickly become scared

00:18:49.820 and you go i've got to get involved in in trying to help do my bit to guide the province in a in

00:19:00.120 a new direction so uh you know not not everyone is a subject matter expert i run a i run a little

00:19:07.340 oil company i don't consider myself a subject matter expert on on this so when you are um

00:19:15.400 assistant restaurant manager and or whatever you were doing before and now this is put in front of

00:19:23.800 you i understand like from a bureaucracy standpoint or from an aer standpoint that

00:19:31.460 maybe it meet it makes some bureaucratic sense but from a practical industry perspective

00:19:38.640 it doesn't okay so no fair enough yeah you know i think i heard somebody say that once

00:19:46.400 um it's something that people have a lot of interest in yeah but they're not very interested

00:19:51.780 in it yeah right you know too much of this world is is just headlines and one little blurb and it's

00:19:59.540 um and mostly it's national inquirer types of headlines now and that's the depth of our

00:20:04.960 thinking, unfortunately, but click dates, you know, and

00:20:10.060 unfortunately, everything is much more complex and gray than

00:20:13.480 than anything that we have. And that's, that's where I think

00:20:17.720 some of this shallow rights reversion, it's sort of

00:20:22.180 disregards some of the just the business practicalities and

00:20:25.960 implications, you know, coming through. And it's not something

00:20:30.400 that happens today. It's not like, oh, your royalties are

00:20:33.820 doubled today but over time and in many ways it's like and ultimately it could well mean that more

00:20:42.960 wells fall into the orphan well fund which then falls on all of us taxpayers and that's not

00:20:48.620 anything that the industry wants to see happen either sure so yeah a lot of food for thought

00:20:55.200 there a lot of food for thought it's much more complex than just and here i thought hell yeah

00:21:01.820 this is simple. And here I thought it was going to be boring. Yeah. Well, thanks a lot, Sean.

00:21:06.380 Yeah, no problem. Thank you a lot, Sean. Yeah, appreciate it. Thanks for coming in. Yeah. Cheers.

00:21:12.060 Hi, we're here with Nick Semaine, Senior VP of DMG Events. And we're going to talk a little bit

00:21:17.980 about the upcoming, is it the Global Energy Show now? GES? Global Energy Show Canada. Oh my god,

00:21:25.580 it's just getting bigger and bigger and bigger and better, as always. Thanks for having me, Sean.

00:21:30.700 Yeah, thanks a lot, Nick. Yeah, we were talking a little bit before. So Western Standard, we're going to be doing some things with you guys in terms of some of the coverage and some of the events. And so we just thought it would be worthwhile having a little bit of an update on where things sit with less than a month to go.

00:21:48.700 um most people in calgary know that uh that the oil show is probably what they're familiar with

00:21:55.920 is is like almost the run-up to the stampede and and the big summer event season and

00:22:00.540 the major kickoff right yeah i mean what a what a great tradition here in calgary since uh yes

00:22:07.900 since its inception in the 60s and we're okay with people still referring it to the well show you

00:22:12.220 know um that's how i knew it when i came to talk and that's okay and it is it is the global energy

00:22:18.120 show canada and and i think you know that that does reflect um the different names actually that

00:22:23.000 the the show has had from uh sure our little petroleum show to the national petroleum show

00:22:27.560 and iterations yeah intercan is as as you know the industry is changing and um and continues to evolve

00:22:34.520 and and grow in some exciting ways and i think this year's event um really uh you know in 2025

00:22:41.080 there is there there's so much um at play in the event both from the challenges and an opportunity

00:22:47.000 Sure, absolutely. We just had the apartment in the cabinet this morning, what I've been going on all day.

00:22:51.900 More news and yeah, more people wanting to talk about energy.

00:22:58.360 I think that's one of the things, I mean, I think that's been happening the last several months or the last couple of years.

00:23:05.760 But even more so than ever, your average Canadian coast to coast is tuning into what energy means.

00:23:12.280 And I think more are starting to see, you know, that what its impact as far from Canada's top export or other other other reasons that that that make news.

00:23:23.240 And that's really, really helped the Global Energy Show Canada this year really continue to expand.

00:23:29.320 It's not just its prominence within the industry as Canada's national energy event, certainly the largest.

00:23:38.100 He has attracted close to 30,000 people this year.

00:23:41.540 But we've seen a big spike in our registrations this year, certainly compared to 2024.

00:23:47.200 So something has changed.

00:23:49.220 And you mentioned, of course, the opportunity to work with you and the great folks here at Western Standard.

00:23:55.560 We're thrilled to have you down on the show and doing some interviews and really just being part of that activation of getting all of the challenges and the debates.

00:24:06.780 I mean, look, a good conference isn't about everybody on stage agreeing on what's right.

00:24:12.500 And, you know, with the roster of speakers, we haven't had this level and this many speakers for the conference,

00:24:21.340 a roster like this, and certainly more than a decade, if ever, in the show's history.

00:24:25.680 It's just really, really tremendous.

00:24:27.960 And then adding in all the issues in and around what's going on in Canada, but internationally,

00:24:35.060 we've got a record number of international pavilions and international delegates coming

00:24:39.360 right here into Alberta here in Calgary. Yeah, absolutely. Like, uh, we were talking, uh, well,

00:24:44.720 and you said, I, you know, I think in the election that, you know, energy definitely became more of

00:24:48.780 the national conversation, you know, whereas maybe before this was kind of seen as a trade show,

00:24:53.540 you know, now we're actually talking about some of these policies and issues. And we were speaking

00:24:58.620 just even before we came in here, like maybe the possibility that the prime minister might even

00:25:02.380 show up well no no comment is not what we say uh sometimes uh but yes certainly um we do welcome

00:25:10.060 uh it debates on energy from a national level and there's and it would make good if if you're

00:25:15.260 watching out there uh anybody in the prime minister's camp it would be a very good opportunity

00:25:19.900 i think for him to come and actually you know address some of these issues and and air it out

00:25:24.860 with people who actually care there's no question that um that the viewpoint um we've just as you

00:25:30.940 so just gone through an election we just this morning had a new cabinet elected and a new leader

00:25:35.500 um the energy sector will all be in one place uh you know 30 000 strong uh with all major you know

00:25:43.500 this many of the major several uh ceos the administers from different provinces across

00:25:49.980 the united states and internationally from south america contingents from europe and from asia all

00:25:56.940 here at the events now you know so there's uh the theme around the that is the conversation

00:26:03.100 and the idea around the show is that when you bring that many decision makers together and

00:26:08.540 come up on stage to your point about inviting the new prime minister or others it is an opportunity

00:26:13.740 and a place to be able to get those views out on the table um as many know we've have um uh peter

00:26:21.100 mansbridge joining us as the host of the conference and peter's really there to help enable that

00:26:27.180 conversation to come through so at the end of the three days um that's really our mission with this

00:26:31.900 year's event is to help along that conversation and um you know along those two macro themes which

00:26:38.140 are really driving the big growth um we think on the trade show and with the registrations is in

00:26:44.300 and around the opportunity of expanding and building more energy domestic infrastructure

00:26:50.780 here in Canada. And alongside of that, there's a tremendous amount of talk and activity at the

00:26:56.060 show this year around diversifying customers for Canada's energy around the world. And with

00:27:04.060 all of those ingredients in place with a strong international contingent, the big speakers,

00:27:09.960 There's really a huge opportunity for the 2025 edition of the Global Energy Show Canada to make a big difference and help air out maybe a lot of those conversations and get them out in the open.

00:27:23.360 I liked what you were saying earlier too, like, because we've been to the shows in Houston and I've been studying, you've been studying, but how it's taking the policymakers and combining it with, you know, the expo of all the people who actually do the work and actually work in the field and actually put this stuff into the ground.

00:27:42.820 it's so important and and yes you i know sean because i see you around the uh the conference

00:27:48.600 circuit and we do get around and and yes it's really important that we do tend to we do tend

00:27:52.800 to fixate a lot on the on that executive conference and some of the things we talked about and those

00:27:57.700 big issues which are vitally important to come out of this but yes um the global energy show

00:28:03.100 canada is unique in that it's got that massive trade show chocked full of companies that are

00:28:09.940 you know whether it's the latest in technology equipment services these are the companies and

00:28:14.680 the men and women and the tens of thousands of them that make the energy sector work that have

00:28:20.880 a tremendous amount of influence on what that direction looks like sure and they'll be there

00:28:26.180 and so there's a really cool um top to bottom connectivity i'll say right down to your average

00:28:34.040 uh canadian or not so average canadian that's interested in energy or if you're a young person

00:28:39.640 or a student, or maybe you're an early career professional that's just entered the energy

00:28:44.740 sector or wanting to, up until two weeks before the show, your entry to the trade show, provided

00:28:51.420 that you pre-register in advance, you are able to attend. We really believe in the event being

00:28:56.140 accessible. And there's so much programming. We've got, you know, the executive conference we just

00:29:02.140 talked about, but the influencers conference, energy influencers conference happening on the

00:29:06.360 floor. Wait till you see this in action, Sean. We've got a tremendous center court, and we've

00:29:12.160 got three theaters focused on three of the most important categories that our committee of 50

00:29:18.360 strong have designed, curated in AI, in new energy, and oil and gas, three theaters happening.

00:29:27.300 So you've got another conference happening on the trade show floor that's going to have thousands

00:29:32.200 of delegates let alone uh some of the the number of networking events that are taking place in and

00:29:39.400 around the show as well sure yeah i was going to say like these people are your neighbors

00:29:43.800 you know a lot of them they they own these businesses they're entrepreneurs or small

00:29:47.480 business owners and they're you know there's a whole community here in downtown calgary you know

00:29:52.280 people non c-suite executive people that are actively involved in it as well right yeah um so

00:29:59.720 We were also talking, like, in the past, it's been kind of a big outdoor event.

00:30:03.920 You've got big iron outside, and now we've got cowboy stage. 0.99

00:30:08.900 We're going to have music, a pittier tent, and pancake breakfasts.

00:30:12.500 And, you know, there's a real social element to this as well, right?

00:30:15.660 Well, there certainly is.

00:30:17.020 And I think that back to, you know, your general public has an inherent interest in energy,

00:30:22.460 and the show has a responsibility to tell that story outwards.

00:30:26.560 So, yeah, we really want to thank the great city of Calgary and all of those men and women across a myriad of thousands of companies that go to work every day.

00:30:36.100 So we're kicking the show off on Tuesday morning at 7 a.m.

00:30:40.100 There's a pancake breakfast that's open to the city of Calgary.

00:30:43.060 Whether you're planning to attend the show or not, we certainly would love you to come and attend and and visit the exhibit.

00:30:48.860 But on your kickers and come down, start with the pink. 0.98

00:30:52.280 So that starts from seven to nine early that morning.

00:30:55.360 And yes, throughout the day, there is, we're thrilled to be partnering with our friends at Cowboys again for this year, where we've got a music stage, a picture of a lovely beverage, a beer garden happening, some, some smoky.

00:31:09.220 It's really a core to this event and, and, and several outdoor exhibits of big equipment, the kind of things that we can't so big, we can't quite fit in, in the exhibition floor.

00:31:20.280 So it's a really cool atmosphere that you're able to go inside and outside throughout the three days of the event.

00:31:27.080 And the show this year, let me think, we've got the outdoor, you've got three, four, five halls full of exhibits.

00:31:34.860 You certainly, if you pencil off the three days, you're able to do that.

00:31:38.240 There's networking events happening every night.

00:31:40.720 There's dinners happening every night.

00:31:42.500 There's loads of networking, lots of places to sit for you to plug in if you need to take some meetings.

00:31:48.520 We encourage, if you're planning to come down to the show, mark it off in your calendar

00:31:53.240 and get your business done from down at the show.

00:31:55.400 It'll be a really productive three days.

00:31:57.400 Yeah.

00:31:58.400 So the question that I really want to ask that's on the minds of all the Western Center

00:32:01.200 viewers is, what about the rodeo, Nick?

00:32:04.940 Are you guys growing back the rodeo?

00:32:06.340 You had Cirque du Soleil last year.

00:32:08.280 Yeah.

00:32:09.280 I mean, so the rodeo, and thanks for that question, because I do get asked that a lot.

00:32:13.420 Now, look, we've got some wonderful partners that we talk with each year that are keen to put on the rodeo.

00:32:20.040 And it is such a hit, both with with with whether it's young people or people bringing their families to that are coming to the show.

00:32:28.300 Internationals that are coming here that have never seen anything like that, that might not be able to come back to our great city again to to see the actual stampede.

00:32:37.420 So we didn't make it into the program this year.

00:32:40.160 here's my diplomatic answer uh but we are working with our executive committee um who is our

00:32:46.100 steering committee on the show uh to put that on um on the boil for for next year okay yeah fair

00:32:53.040 enough good question yes well beers and you know cowboys that's right yeah beers and cowgirls and 1.00

00:33:00.340 pancakes i mean you really can't go around and also like you said a lot of good discussion

00:33:05.040 government officials. High-level, high-level Alberta government for sure. We had a couple

00:33:11.180 senior federal cabinet ministers last year, but I think it got a little mixed up with the,

00:33:16.900 what was it, the Global World Petroleum Conference, right? Congress. So this year it's just all about

00:33:24.760 us. Yeah, this year the number of, not just the number, but the quality of ministers and

00:33:32.220 representation from across Canada that's coming to the show is the best we've ever had and I can't 0.95

00:33:39.380 comment yet of course from the federal ministerial side as we know with it being where we are well

00:33:44.160 and just the tremendous support and leadership from from here in Alberta with the government

00:33:50.940 of Alberta enabling us to really make that connectivity we work to with with the government

00:33:58.920 Alberta on outreach to uh really um delegates from countries whether that's from Asia whether

00:34:04.600 that's from Europe whether that's from South America to really bring those folks here and

00:34:09.320 why aren't they coming here it's because they want to do business um whether that's investment

00:34:14.520 whether that's becoming customers of Canadian energy uh ventures joy you know we all remember

00:34:21.400 um you know before the downturn a decade ago there there was lots of money and lots of

00:34:26.200 investment coming in here that's one of the main purposes that um our organization and putting the

00:34:33.000 show on is here to serve is to really create an attraction that's on a global scale to bring more

00:34:39.880 of those people here so more business can get done and and you know again you back to the men and

00:34:44.440 women that are owning all of the the the many many thousands of small businesses and medium-sized 1.00

00:34:51.240 businesses um that's what the show is trying to do is really follow you know is to steer the

00:34:57.960 programming to follow the money to to tilt the trade show and bring in buyers to continue to

00:35:04.400 regrow uh the sector excellent and for us uh lots of headlines because uh we got a lot of headlines

00:35:10.880 out of it last year and uh like you said i've been looking at the program and i've been fairly

00:35:16.320 impressed like in all the years that i've been in this city and i've been pretty much every single

00:35:20.940 one of them since you know 1999 and yeah this one looks like it's gonna be one of the best well i and

00:35:27.980 not to be a good show guy but there's still more announcements to come i wish i could perhaps in

00:35:33.660 our net in our next time that we uh we catch up together sean but there's some more major speaker

00:35:38.460 announcements to come between now and the event we've got more major sponsor announcements to come

00:35:44.060 and other special events that are coming together this year is going to be a show like no other and

00:35:49.900 And as I said, we, whether people want to attend just a trade show or come to the executive

00:35:55.100 conference, the influencer conference, there's a number of options that you can get right

00:36:00.100 through just Google and Global Energy Show Canada and right on the website.

00:36:03.880 And our team of 30 full-time people here in Calgary in our offices here are happy to help.

00:36:10.320 Is it dfg.com?

00:36:12.120 It's globalenergyshow.com.

00:36:13.700 Globalenergyshow.com.

00:36:15.000 Okay.

00:36:15.360 Well, thanks a lot.

00:36:16.100 Yeah.

00:36:16.460 Thanks so much for having me, Sean.

00:36:17.460 I'm looking forward to it.

00:36:18.020 Appreciate it.

00:36:18.920 Yeah.

00:36:19.100 Pleasure as always.

00:36:19.900 Thanks.

Western Standard - May 14, 2025

Shallow rights reversion — good or bad？

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