California passes Senate Bills 237 and 767, signaling a major shift in oil policy as Newsom positions for presidency. Plus, discover how petroleum coke (petcoke) is boosting drilling production by 7-18% by reaching micro-fractures that sand cannot prop open. Wade Spear explains the technical breakthrough changing fracturing operations.

California Energy Policy Reversal

(3:28 )

• Senate Bills 237 & 767 opening Kern County to drilling permits
• Political motivations behind Newsom's energy shift
• Valero refinery investment and pipeline monitoring
• Impact on gasoline prices and consumer costs

Major Industry News

(10:43 )

• California Resources Corporation acquires Berrycorp for $717 million
• 652 million barrels of proven reserves
• Strategic timing with new legislation

Petcoke Technology Breakthrough

(7:07 )

• 7-18% production increases over traditional sand
• How petcoke reaches micro-fractures sand cannot access
• Cost advantages and transportation benefits
• Fracture network mechanics explained

Technical Deep Dive

(12:27 )

• Understanding KREVs (thousand revolutions) and bit life
• Mud motor mechanics and hydraulic forces
• Tool face control and rate of penetration
• Sliding vs rotating drilling techniques

Industry Abbreviations Decoded

(20:20 )

• TIH, DO, CP, PBTD, TOOH, RDMO explained
• Why the industry uses shorthand
• Complete job descriptions in acronyms

Oil Field Superstitions

(22:47 )

• Never bring drill bits upside down
• Proper drill pipe positioning
• The curse of making after-work plans

TIMESTAMPS:

0:00 Intro & Sponsor Announcement
3:28 California Policy Reversal
7:07 Petcoke Technology
10:43 CRC-Berrycorp Acquisition
12:27 Technical Drilling Concepts
18:06 Mud Motor Explanation
20:20 Industry Abbreviations
22:47 Oil Field Superstitions
27:10 Wrap-up