Monday, December 16, 2024

Characteristics of Entrepreneurs and Innovators in Oil & Gas

 People, Ideas & Objects is pleased to announce that we will publish our third research paper on Monday, February 10, 2025. This paper represents the third deliverable from our recently established research capability. As a reminder, Intellectual Property, our user community, and research comprise the three distinct competitive advantages we pursue at People, Ideas & Objects.

Currently, a significant portion of our effort is devoted to research in preparation for the development of Phase I of the Preliminary Specification. Similar to one of the papers scheduled for release on January 20, 2025, this third paper will focus on our user community. The previously mentioned January 20 paper addressing our user community is titled:

Catalysts for Cultural Change: The Leadership Role of People, Ideas & Objects User Community 
Reconstructing Dynamic, Innovative, Accountable, and Profitable Oil & Gas Producers.

This publication delves into many details of the Preliminary Specification development, as well as the structure of our user community. It covers the individual phases of development and, most importantly, the compensation framework for our user community throughout the development process.

On January 20, 2025, we are releasing two papers. Both are relevant to everyone, but one targets our user community specifically, while the other is directed toward engineers and geologists. Together, they address the four critical elements needed to provide dynamic, innovative, accountable, and profitable oil and gas operations.

Our February 10, 2025 paper is entitled:

Characteristics of Entrepreneurs and Innovators: How Elon Musk and Others Excel in Constructing Today’s High-Performance Organizations
Strategies for Emulating Their Success Within Our User Community

At People, Ideas & Objects, we view our user community as the source of our solution’s quality. By making our user community a competitive advantage and our primary focus, we ensure the delivery of a high-quality ERP solution for the oil and gas industry. Over the next 25 years, the consequences of implementing a robust and well-designed ERP environment will be critical to the industry’s success. Starting with a thoughtful organizational design ensures that its benefits reach all corners of the sector. Approaching this task haphazardly would only jeopardize the outcome.

Periods of significant economic change—like the one we are entering—are exceedingly rare. We are transitioning into new economic models that promise exponentially greater performance trajectories, far beyond the scope of technology or bioengineering. This transformation will permeate every aspect of the economy, and its impact will be felt most intensely in North America. 

Many believe that Artificial Intelligence represents the future of our economy, driving growth through its capacity to leverage intellectual efforts. While People, Ideas & Objects acknowledges that there may be some truth in this, we also recognize the daunting competitive challenge posed by oil and gas. Each barrel of oil equivalent delivers between 10,000 and 25,000 man-hours of mechanical leverage—an extraordinary value proposition that consumers rely on every day. Far from fading into the background, oil and gas still holds its greatest opportunities ahead.

Tuesday, December 03, 2024

How Oil & Gas Will Participate in the Economic Upswing

 People, Ideas & Objects has scheduled Monday, January 20, 2025, for the publication of two of our papers. Originally conceived as a single document, we have separated them to provide clarity for two distinct audiences. We have titled these papers as follows:

Revolutionizing Oil & Gas: Enabling Engineers and Geologists to be This Century's Pioneers and Lead the Industry's Future

Empowering Dynamic, Innovative, Accountable and Profitable Producers through People, Ideas & Objects

and

Catalysts for Cultural Change: The Leadership Role of People, Ideas & Objects User Community

Reconstructing Dynamic, Innovative, Accountable, and Profitable Oil & Gas Producers

These two papers comprehensively address the full spectrum of exploration, production, administrative, and accounting needs for oil and gas producers. They provide insights into how individuals within the industry can actively participate in the surge of entrepreneurial spirit invigorating the United States following the inauguration of President Trump. There is no reason for the oil and gas sector to remain in the hands of those who have contributed to its decline. On the contrary, North America needs dynamic, innovative, accountable, and profitable oil and gas producers to step forward, take the lead from existing officers and directors, and actively fuel this entrepreneurial resurgence with reliable, secure, affordable, and independent energy.

Profitability is not achieved simply because a CEO declares that everyone needs to be profitable from now on. The same holds true for innovation and dynamism. There are fundamental differences between organizations that can generate profitability and those that cannot. Transforming a persistent failed culture cannot be accomplished from within that culture; a new culture must be defined and built from the ground up, brick by brick and stick by stick.

The purpose of these two papers is to initiate action across the industry toward building the culture envisioned in the Preliminary Specification. People, Ideas & Objects aims to empower leadership from the engineering and geological disciplines to drive the industry forward and participate in this new economy.

Media outlets requesting embargoed copies for Thursday, January 16, 2025, can submit their email addresses here.