Western Standard - Spread the wealth!

00:00:00.000 I'm here with the CEO of Energized Natural Resources, Jeff Calloway, here on the floor

00:00:17.460 of the Global Petroleum Show in Calgary. Before we get started, just a disclaimer,

00:00:21.820 Jeff is also Chairman of the Board of Directors for the Western Standard.

00:00:24.920 So if you're looking for this to be entirely objective and hard-hitting and gotcha,

00:00:29.300 it's probably not it. We're not going to eat up the Chairman of our board for the work he does.

00:00:34.460 He was also President of the Wild Rose Party for years ago, for probably a majority of that party's history.

00:00:40.660 I was the majority. I literally wrote the business plan.

00:00:44.060 You did?

00:00:44.760 Yep.

00:00:45.780 It's had some ups and downs, that plan.

00:00:47.660 It had some challenges, as any business does, but it was literally like writing a business plan for a party.

00:00:53.260 There were some challenges, obstacles, but we overcame them.

00:00:57.980 And now, ultimately, the leader of the Wild Rose Party is the Premier of this province.

00:01:03.760 One in the end.

00:01:05.280 Yep.

00:01:06.580 All right. Well, we're here, I guess, not to chat politics directly, but

00:01:10.840 what your company, Energized Natural Resources, is doing with the Global Energy Show here,

00:01:18.720 this is, there's a lot of really, like, the biggest players on the planet are here.

00:01:24.540 Yep.

00:01:24.760 This morning, we had the President or Chairman of OPEC.

00:01:30.180 Yep.

00:01:32.320 Are you pro-Alberta joining OPEC?

00:01:35.620 Should we join the cartel?

00:01:38.500 Quebec gets the cheese cartel, don't we get the oil cartel?

00:01:40.920 Yeah, we, as a, you know, Western Canada, we kind of fought from getting out under one cartel,

00:01:46.120 that being the Canadian Wheat Board.

00:01:47.360 I'm not sure we actually want to join another cartel here in Alberta.

00:01:52.000 I mean, the free market is so key, and it brings in and involves so many Albertans in this province,

00:01:58.980 actually Western Canadians into the industry and involves someone, and it spreads the wealth out across, right?

00:02:04.480 So it's not like, you know, you've got a few very rich people in the elites in some countries,

00:02:10.400 like we see in the energy industry in the world.

00:02:13.060 Mostly OPEC countries, yeah.

00:02:14.360 Mostly OPEC countries, yep.

00:02:17.020 Whereas you spread that wealth out across Albertans, and Albertans really see that, you know, manifesting itself.

00:02:22.400 Billy Bob Ford can get rich here.

00:02:24.920 Yeah.

00:02:25.660 Yeah.

00:02:26.560 Yeah, actually, you know, literally, the subsidiary of my company, the operating subsidiary is called Clamp-It,

00:02:33.620 after the Beverly Hillbillies, and, I mean, I inherited that when I bought the company.

00:02:40.380 But, hey, there's a story about just some regular folks that shot a hole in the ground

00:02:46.940 and found some bubbling crude and, you know, created a great life for themselves.

00:02:50.460 So, yeah.

00:02:51.000 Well, we'll refrain from singing the whole song here.

00:02:52.960 There we go.

00:02:53.660 From bursting into a musical here.

00:02:55.120 Yeah.

00:02:55.680 All right, so there are the very biggest players in the world.

00:03:00.560 About 30 feet that way, I see the...

00:03:03.560 Petroleum Technology Association of Nigeria.

00:03:06.280 You've got a big place in Nigeria here.

00:03:07.960 Norway.

00:03:08.520 Korea.

00:03:09.380 Norway's right there.

00:03:10.520 Yeah.

00:03:10.740 Yeah.

00:03:11.360 Korea, you've got a bunch of nukes. 0.83

00:03:12.820 India.

00:03:13.520 Yeah.

00:03:14.420 Yeah.

00:03:15.160 Everyone's here.

00:03:15.720 It is...

00:03:16.380 This has become a big deal.

00:03:17.380 I think there's only one bigger one in the world that might be Houston.

00:03:20.400 I think they also are the ones who beat us for biggest rodeo in the world. 1.00

00:03:23.520 Those bastards in Houston. 0.99

00:03:25.200 Well, you know, funny enough, though, in a different entity, I was actually in Kazakhstan, 1.00

00:03:32.440 in Almaty, at their oil and gas conference.

00:03:35.380 It was very nice.

00:03:35.720 I will say it was...

00:03:37.140 I will comment on that.

00:03:41.980 It was a huge show.

00:03:45.480 I give them a lot of credit for that.

00:03:47.120 But I will say...

00:03:48.480 How much?

00:03:49.140 It was probably a third Chinese and half Russian.

00:03:52.380 And this was after the invasion of Ukraine.

00:03:55.240 Yeah.

00:03:55.980 Because that was about the only place the Russians could go. 0.77

00:03:59.360 It was Kazakhstan.

00:04:00.760 So, pretty interesting.

00:04:02.820 Yeah.

00:04:03.080 I guess the Russians are really the only ones you don't see here.

00:04:05.600 Yeah.

00:04:05.800 There's no Russians here.

00:04:06.880 No Russians here. 1.00

00:04:07.720 No.

00:04:07.960 Yeah.

00:04:08.140 The Chinese are here.

00:04:09.100 Koreans. 0.64

00:04:09.820 Japanese.

00:04:10.820 Yeah.

00:04:11.000 So, if you're Russia, oil invests in you.

00:04:15.300 All right.

00:04:15.800 So, this was kind of a roundabout way of getting to...

00:04:19.140 You know, what's the value of kind of...

00:04:20.900 So, you run a junior oil and gas.

00:04:22.120 Yeah.

00:04:22.340 Junior oil and gas.

00:04:23.260 What's the value of a junior oil and gas being it here?

00:04:25.500 Because there's so many of these gargantuan international players, big national and North

00:04:30.180 American players.

00:04:30.900 What's the value of a junior being here?

00:04:33.280 Yeah.

00:04:33.640 So, you know, obviously there's vendors here that cater to very large installations, very

00:04:40.500 big plants, big midstream operations, big pipeline companies, you know, pipes, valves,

00:04:46.360 pumps, all of that kind of stuff.

00:04:48.200 But then there's a number of other players here, too, that like I just had a conversation

00:04:54.100 outside the Western Standard booth here with on some well monitoring equipment using

00:04:59.440 AI sensors.

00:05:00.900 So, you know, key for us as a smaller company is, you know, runtime, efficiency, reliability

00:05:08.240 of our wells.

00:05:09.120 And so, you know, he had some interesting ideas on how to, you know, preemptively monitor

00:05:16.240 in case your wells go down or before your wells go down, actually, sensing those things.

00:05:21.340 Because it's obviously much cheaper to preemptively fix something than to have to fix your PCP pump

00:05:29.460 down hole or whatever the issue may end up arising.

00:05:32.140 Like, that's an example.

00:05:33.320 There's even some Bitcoin mining people here, too.

00:05:36.000 Yeah, actually, I met one of the Bitcoiner guys.

00:05:38.660 I mean, that's something a lot of people don't know about.

00:05:40.560 It's the most outverting thing in the world.

00:05:42.280 You're drilling for oil.

00:05:43.760 You've got this gas.

00:05:45.360 And you, for until extremely recently, all you could do was flare it, which the environmentalists

00:05:50.780 don't like.

00:05:52.100 And businessmen don't like either because it's wasted energy.

00:05:55.180 Now it's being channeled into generators to mine Bitcoin on the site.

00:06:00.020 Like, I can't think of anything more freedom than that.

00:06:02.880 Well, it is.

00:06:04.400 And frankly, it's something that, like, myself and for our company, we're looking at.

00:06:09.980 Now, we're almost all light oil right now.

00:06:12.620 We just use a bit of our gas for fuel, like for pump jacks and drive engines and that and

00:06:17.940 flare fire tubes.

00:06:19.620 But, you know, as we do a little more drilling, we're going to end up with a little more gas.

00:06:24.780 And as we get a little more gas, okay, now what are we going to do with the gas?

00:06:27.840 And, you know, it makes a lot of sense to, you know, bring in some generators and first,

00:06:34.960 you know, try and get off the grid.

00:06:35.920 Power prices are pretty low in Alberta right now.

00:06:37.720 But they, a couple of years ago, they were very high.

00:06:40.380 So if you can insulate yourself from A, power costs, and then B, turn it into a revenue

00:06:45.060 stream, you know, and you're starting to sell Bitcoin, partner up with them.

00:06:48.420 There's all kinds of different structures that they work with.

00:06:50.840 You know, that's something that's pretty compelling.

00:06:53.180 And it's being deployed in Alberta right now for a lot of the more entrepreneurial companies.

00:06:58.180 So, yeah.

00:06:59.140 I mean, that's, that was just, to be honest, that was probably the primary thing that I

00:07:03.280 was down here to check out.

00:07:05.000 So that's kind of my question.

00:07:05.980 Is it, it's, you're primarily here for kind of the exhibitor side, like these, I think,

00:07:11.220 how is it, four to five giant exhibitor halls here?

00:07:14.680 Is that mostly what you're doing is on the exhibitor side?

00:07:16.320 Yeah, well, I'm just, I'm wanting to come and check out, you know, see new technology,

00:07:20.480 see what other people in the world are doing, seeing if there's something interesting here.

00:07:25.080 You know, I was here last year for the, for the first time, actually, and I kind of saw

00:07:29.300 a couple of exhibitors about that.

00:07:31.720 So I want to, you know, follow up with them, you know, as things evolve in our business,

00:07:35.540 that's exactly what I'm just trying to find.

00:07:38.520 So, you know, beyond that, there's, yeah, and then it's just kind of networking too,

00:07:45.900 is you, you know, you run, run into a few people you maybe haven't seen for a while.

00:07:49.640 I mean, obviously I have my political background, so, you know, we're falling over.

00:07:53.820 I don't really need to.

00:07:56.440 Is it all wild rolls are walking behind you right now as you speak?

00:07:59.060 Oh, really?

00:07:59.540 Yeah.

00:07:59.660 Okay.

00:08:01.220 Probably.

00:08:01.800 He's off camera, but.

00:08:02.860 Okay.

00:08:03.120 Yeah.

00:08:04.480 Oh, we may have actually grabbed him.

00:08:06.840 Okay. 0.84

00:08:07.240 Shot two.

00:08:07.700 We'll see.

00:08:08.280 Okay.

00:08:09.880 But, yeah, no, you run into a lot of folks, you know, you may be, you know,

00:08:13.680 you're busy with your company and so you haven't seen them for a while.

00:08:15.840 And, I mean, I've been out of politics for a number of years now.

00:08:18.100 So it's kind of interesting to run into some of these folks again.

00:08:21.600 So, but, I mean, tomorrow we've got, you know, Danielle Smith, I guess, is speaking,

00:08:26.640 is speaking here.

00:08:27.600 And, yeah, you know, it's great to have, obviously, and there's an Alberta booth here,

00:08:33.220 you know, which is great to see, you know, that emphasis, you know,

00:08:36.100 and support the energy show in the industry.

00:08:37.660 Cool.

00:08:38.820 And, obviously, the head of OPEC was here.

00:08:41.540 You know, it would be really wonderful, I think, if we had someone from the federal government here.

00:08:46.820 Yeah.

00:08:47.160 Actually, in about 10 minutes, I've got the former NDP energy minister, Mark McQuaid Boyd, here.

00:08:53.720 She's actually a very nice lady. 1.00

00:08:55.400 And she was actually way better as an NDP energy minister, and I'm meaning this lightly,

00:09:04.820 because I think she was not aware of the file before she became minister.

00:09:08.560 So she didn't come with all the... 0.98

00:09:08.940 So she's like our current attorney general. 0.98

00:09:10.820 She didn't come with all those NDP prejudices to the job. 1.00

00:09:13.700 Right, right.

00:09:14.260 So she actually came...

00:09:17.760 She worked within the NDP confines of things, but less crazy than you'd think. 0.95

00:09:21.880 So, actually, so anyway, yeah, she's here.

00:09:23.600 She's actually...

00:09:24.520 She's speaking.

00:09:26.240 I think she's worked for Council Public Affairs.

00:09:27.920 Yeah.

00:09:28.000 But, yeah, I mean, it's an eclectic mix here.

00:09:32.780 But no one from the federal government.

00:09:34.740 No.

00:09:35.840 Isn't that interesting?

00:09:36.840 Oh, in fact, the closest thing we have to the federal government...

00:09:40.260 Let's pan the camera.

00:09:41.420 Actually, we do have a representative of the Liberal cabinet here.

00:09:46.860 He's just sitting right over here.

00:09:48.040 Let's just pan the camera, John.

00:09:51.220 Oh, my God!

00:09:52.880 It's Stephen Gilboa with the chair!

00:09:56.040 Okay.

00:09:56.440 I can say, just, you know, standing here waiting to do this interview,

00:10:01.140 I probably had half a dozen people say,

00:10:05.020 where's the dartboard?

00:10:08.340 Where's the tardy kid?

00:10:09.420 How can we...

00:10:10.280 Oh! 0.60

00:10:11.160 Our next interview here, we were just talking about her,

00:10:13.960 Margaret Quaid Boyd, former Energy Minister of Alberta.

00:10:17.600 We're going to have her up next. 0.99

00:10:20.480 But, yeah, people have been asking for a dartboard over there.

00:10:23.600 I was like, we're going to get accused of being violent or something.

00:10:26.440 I was like, no, no, no, you can just sit here and hurl insults.

00:10:29.180 You're supposed to take a picture with him, but...

00:10:31.180 I think if he actually started, like, bidding for charity, or, like, a bid for charity,

00:10:36.220 high bid gets to, like, you know, do something with a statue, that's probably a good idea.

00:10:41.420 You'd probably turn it into a pretty big fundraiser.

00:10:43.560 I have no comment to what you've just said, and I think you'd realized after you said what you said

00:10:48.420 how inappropriate that was.

00:10:50.440 So I'm going to end the interview here.

00:10:51.820 It's all for charity.

00:10:53.160 It's all for charity.

00:10:54.960 There's an island where I think they said that, too.

00:10:58.680 All right.

00:10:59.400 I'm going to cut it off there before we get the cops at our door.

00:11:03.300 All right.

00:11:05.860 That's Jeff Calloway, President and CEO of Energize Natural Resources.

00:11:10.740 Thanks for joining us today.

00:11:11.940 All right.

00:11:12.420 Thanks, Derek.

00:11:13.880 That was fun.

00:11:14.860 We've got to get another ride.

00:11:25.460 Thank you.

00:11:26.660 Thank you.

00:11:33.680 Thank you.

00:11:37.960 Thank you.

00:11:39.900 Thank you.

Western Standard - June 12, 2025

Spread the wealth!

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