21st Century Marketplace Vision for Oil & Gas - Issues

People, Ideas & Objects is pleased to publish the first in a series of papers on 21st Century Markets in North American oil and gas. This first paper addresses the difficult issues now becoming evident to producers and others across the industry, and outlines the methods we have chosen to resolve them.

A 21st Century Marketplace Vision for Oil and Gas
People, Ideas & Objects
Preliminary Specification
With
Autonomous Asynchronous Transaction Orchestration
Part I: Issues

In addition, we have released a podcast that accurately discusses the impact of Autonomous Asynchronous Transaction Orchestration and its implications for implementing Artificial Intelligence within an Enterprise Resource Planning system. It also explains how our user community and their service provider organizations will expand their method of earning revenue. Traditional hourly billing will remain, but it will no longer be the sole basis of compensation. Revenue will increasingly be earned through a shared participation in the value their innovations generate across the industry.

For example, if a software process under their management is improved in a way that generates an incremental $5,000 per month for each producer in the industry, an important question follows. What level of incremental monthly revenue should our user community and their service provider organizations earn from that innovation?

This model of revenue generation has the potential to transform the industry into one that is dynamic, innovative, accountable, and profitable. It creates an environment in which each administrative and accounting professional is motivated to develop the most efficient and effective method of performing their role within the industry.

The pricing structures for both oil and gas remain unaddressed and unresolved. The current organizational structure of producers lacks a mechanism to effectively manage the pricing issues stemming from overproduction. Consequently, the method identified within Synallagi's framework is necessary. Our user community must take the initiative to architect, design, develop, and implement the specific means to achieve this resolution. As a result, those who contribute to solving this challenge will be eligible for those bonus and revenue-sharing opportunities.

A Change in the Name of Our Product

The Preliminary Specification is no more. We are introducing Synallagi.

“Synallagi” — pronounced si-NAL-a-gee — is derived from the Greek term συναλλαγή, meaning transaction, exchange, or deal, and is commonly used in business and banking contexts, including Dynamic Currency Conversion.

But Synallagi is intended to convey more than a transaction alone. It encompasses the full set of attributes surrounding that transaction: the factors that influence it, define it, and constrain it. These include the associated contracts, prices, volumes, regulations, property interests, and stablecoin used as currency. It is therefore a more comprehensive expression of the term transaction, extended to reflect the greater obligation and responsibility embedded in Autonomous Asynchronous Transaction Orchestration.

A Brief Gripe From a Professional Gripper

Many have expressed concern about our extended absence. The explanation is straightforward. This topic is comprehensive, and the work required has been equally so. I expect we will be publishing many papers throughout 2026 on the subject of a 21st Century Marketplace Vision.

Society is changing quickly. In business, chaos and control are emerging as two dominant operating conditions. Oil and gas has already spent much of this century in the early stages of chaos. We can therefore anticipate the nature of the choices that lie ahead. Since we understand both the condition of the industry and the importance of oil and gas to the broader economy, the question becomes unavoidable: what is our role in remediating this?

The ingredients of a chaotic market are already visible. Is the focus now on shale, or Argentina, Iraq, and Libya? Or does the emphasis on those jurisdictions serve another purpose: to avoid the disorder left behind here, to abandon accountability altogether, or to pursue some other objective?

Lastly, producers continue to deliver Permian associated gas into Henry Hub, the continental reference point for natural gas pricing. These Permian differentials are often greater than the price producers receive, and at times they are negative. Despite being fully aware of the broader implications these actions have on continental natural gas prices, producers continue to demonstrate no meaningful capacity to resolve these costly and difficult issues.