EP 48: Kurt Rucker from Verdad Resources

Energy Bytes

Join over 3,000 professionals in the next-generation community for the energy industry 👉 https://bit.ly/4dwXWsE

Dive deep into the critical world of cybersecurity within the oil and gas sector in this engaging episode of the Energy Bytes Podcast. Join hosts Bobby and John as they welcome Kurt Rucker, Applied Science Manager at Verdad Resources, to discuss the costly cybersecurity mistakes plaguing the industry. Discover how ransomware attacks, such as those on Halliburton, illuminate vulnerabilities and expose risks every company faces, from large publicly traded entities to midsize players.

Key Takeaways:
- Industry Insights: Understand the increasing frequency of cyber threats and their impact on the oil and gas sector's bottom line.
- The Problem: Explore the challenges companies face in balancing security measures with operational efficiency.
- AI to the Rescue: Learn how data and technology can be harnessed to build resilient systems.
- A Contrarian Approach: Consider unconventional strategies and why embracing failure might lead to innovative solutions.
- The Future: Envision the role of technology and collaboration in safeguarding the industry's future.

00:00 - Intro
00:48 - Halliburton Cyber Attack, Cybersecurity, Data Breach
05:36 - Default Mode of Operation for a Complex System is Failure, Systems Theory, Risk Management
08:00 - Testing Your Security, Security Assessment, Vulnerability Testing
10:18 - Different industries, Industry Applications, Sector Comparison
10:52 - Feedback loops, System Feedback, Continuous Improvement
17:50 - Different teams, different goals, Team Dynamics, Collaboration
20:02 - Useful statistics, Data Analysis, Key Metrics
23:54 - Trade-offs and models, Decision Making, Modeling Techniques
31:43 - How to encourage more experimentation, Innovation Strategies, Experimentation Culture
34:07 - What are we looking for in an experiment, Experiment Design, Hypothesis Testing
35:31 - Learning from failures, Failure Analysis, Lessons Learned
41:55 - Engineers vs scientists, Roles in Science, Engineering vs Science
45:20 - Applying science to data, Data Science, Scientific Methods
51:10 - Communicating complex data relationships, Data Visualization, Communication Strategies
53:18 - How to validate models, Model Validation, Accuracy Assessment
57:30 - Charlie Munger, Investment Strategies, Decision Making
58:56 - Overcomplicating things as engineers, Simplification, Engineering Challenges
1:05:40 - Python scripts, Programming, Automation
1:06:40 - Shazam for logs, Log Analysis, Data Recognition
1:09:48 - Speed Round, Quickfire Questions, Rapid Responses

https://www.instagram.com/digitalwildcatters/
https://www.tiktok.com/@digitalwildcatters
https://www.facebook.com/digitalwildcatters
https://twitter.com/DWildcatters

Join collide.io and try CollideGPT: AI chat for the oil and gas industry.