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Mark Fleming

Managing Partner of Oil & Gas at Turbine Capital and CIO of Waypoint Energy, a veteran petroleum engineer with 35 years in the energy industry.

Oct 1, 2026

28:55
Over to you.
28:56
So this is a neat slide just to show the ramp up up into the 70s production.
29:01
And then, of course, we had a long period of time where with vertical wells and offshore and declining in prices, we just were headed on a pretty massive decline.
29:09
And then the shale revolution came about.
29:11
And you can see where we've gone since then.
29:13
The shale revolution is both oil and gas.
29:16
And in the U.S., it used to be we were forecasted to be in a way declining.

29 MINS LATER

58:18
year and
4:57
Mark, do you want to talk a little bit about the Permian and how special the Permian Basin is? Oh, sure.
5:02
So most of the other Permian Basin in the oil business, we call it the gift that keeps on giving.
5:08
I mean, people have gotten in and out of that and said it was not going to be around anymore.
5:12
for the last hundred years.
5:13
And it's still as active as ever.
5:17
And if you ever get a chance to go out to Midland or fly to Midland, you'll see what I'm talking about.
5:21
It's a very desolate place.

10 MINS LATER

15:26
Mark, do you want to speak a little bit to Iron Horse and what we're seeing in terms of that portfolio? I know we're going to dive a little deeper on that on Off the Record tomorrow, but I believe we can speak freely on Iron Horse.

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