Oil & Gas Journal ReEnterprised

In this Insights episode of the Oil & Gas Journal ReEnterprised podcast, Head of Content Chris Smith talks with Woodrow Winchester III, manager of University of Texas at Austin’s Cockrell School of Engineering Petroleum Extension (PETEX).

PETEX is a continuing education program for oil and gas professionals across the industry’s upstream, midstream, downstream, and health, safety & environment (HSE) segments. It offers a combination of instructor-led training in a variety of settings—including bespoke on site courses—and self-study e-learning programs covering topics from exploration and well control to refining and transportation.

During the conversation, Chris and Woodrow talk about the evolution of PETEX’s mission over its decades of operation, Rig School (the star of its current lineup), and the program’s approach to emerging energies such as hydrogen. The two also consider the continued role of in-person training and knowledge-housed-in-humans in the face of an ever-expanding universe of artificial intelligence.

Resources
https://petex.utexas.edu/

www.linkedin.com/company/utpetex/

https://www.facebook.com/UTPETEX/

Email for questions, instructors, or company inquiries: execed@petex.utexas.edu

Strait of Hormuz disruptions are tightening global oil and LNG markets, with recovery expected to remain slow even if conflict eases. Ongoing security risks, damaged infrastructure, and constrained shipping capacity are limiting exports, while clearing waterways and restoring normal tanker flows could take months.

Recovery will vary across Gulf producers. Saudi Arabia and the UAE are better positioned due to stronger domestic supply chains, while Iraq and Kuwait face delays tied to reliance on imported equipment and foreign expertise. Global shortages of specialized energy components are expected to further extend timelines.

The result is a sustained global supply deficit, with inventories declining and limited response from non-OPEC+ producers, keeping market conditions tight well into 2026.

The 1973 Oil Embargo broke forecasting models that weren't built to absorb it. The shale revolution rewrote supply elasticity assumptions entirely. And as of April 2026, the US exported more crude oil than it imported for the first time since World War II.

In this Then & Now episode of the Oil & Gas Journal ReEnterprised podcast, OGJ Statistics Editor Laura Bell-Hammer connects those data points into a 50-year story about how oil and gas forecasting has been continuously rebuilt by the forces it failed to anticipate—and what that means for reading the market today.

In this ICYMI episode of the Oil & Gas Journal ReEnterprised podcast, downstream editor Robert Brelsford explains why the technical content he encounters at one refining conference delivers real value. He highlights content that includes candid case studies, targeted training, and practical insight focused on delayed coking, FCC, and sulfur recovery operations.

In this Insights episode of the Oil & Gas Journal ReEnterprised podcast, upstream editor Alex Procyk delivers an in-depth technical and commercial overview of Argentina’s Vaca Muerta shale play, one of the world’s largest unconventional oil and gas resources—and one that continues to punch below its weight in total production.

Procyk argues this is less a reflection of rock quality and more a result of development pace, infrastructure, and operational complexity. He also outlines why Vaca Muerta’s location—far from geopolitically sensitive supply routes—could make it increasingly important in global energy markets.

Why Vaca Muerta matters now
Despite resource estimates rivaling or exceeding major US shale plays, Vaca Muerta produces only a fraction of their total output. Procyk argues this is less a reflection of rock quality and more a result of development pace, infrastructure, and operational complexity. With major pipeline projects under way and LNG export capacity taking shape, Vaca Muerta may be poised to play a much larger role in global oil and gas supply.

From the episode
“On a per‑well basis, Vaca Muerta is one of the most productive unconventional plays on the planet.”

“It’s a massive resource, but it hasn’t really been pushed yet.”

“The geology isn’t uniformly great—but where it’s good, it’s very good.”

“Managing risk versus reward isn’t a flaw in the process—that’s engineering.”

“Vaca Muerta is about as far away from the Strait of Hormuz as you can get, and that matters.”