In this episode, we sit down with Jarrod McGehee from New Horizon Oil and Gas to discuss the current state and future of exploration in the oil and gas industry, focusing on opportunities in deeper basins and the role of technology in identifying new prospects.

This episode dives into:

• The State of Exploration: Discussing the decline of exploration departments and the shift towards drilling in existing areas.
• Opportunities in Deeper Basins: Exploring the potential in Gulf of Mexico, South Louisiana, and Texas for new drilling opportunities.
• Jarrod McGee's Background: Tracing Jarrod's journey from a military background to a career in oil and gas, focusing on exploration in South Louisiana.
• Conventional vs. Unconventional Exploration: The decision to stay with conventional exploration methods and the success achieved in this area.
• Techniques in Exploration: Understanding the use of 3D seismic technology, amplitude with Avo, and structural closures in identifying hydrocarbon reservoirs.
• Challenges of Shallow Water Drilling: Insights into the logistics and challenges of drilling in shallow waters and dealing with state regulations.
• Economics of Conventional Wells: Discussing the cost, depth, and potential returns of drilling conventional wells in the current market.
• Carbon Capture Initiatives: Jarrod's involvement in carbon capture projects and the growing interest in this area within the industry.
• Future of Oil and Gas Exploration: Perspectives on the future of exploration and the role of technology in uncovering new opportunities.

This conversation provides a deep dive into the world of oil and gas exploration, highlighting the challenges, opportunities, and technological advancements that are shaping the future of the industry.