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Pecos in the News with Rey Trevino

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Fun interview with Steve Gruber over at Real America's Voice. We cover a lot of the oil news in 6 min.

1. Oil and Gas Prices
The primary focus is current oil pricing trends. Oil is trading around $93 per barrel for West Texas Intermediate, down significantly from $140 a barrel during the Biden administration (July 2022). The discussion explores whether these lower prices can be sustained and what factors influence them.

2. Global Oil Reserves and Supply Concerns
There's debate about doomsday predictions regarding depleting global oil reserves. RT Trevino, an oil and gas expert, dismisses these concerns as "doom and gloom," comparing them to the 1970s peak oil fears. He explains that global inventory supplies are actually higher than expected, partly because the International Energy Agency had been underreporting available reserves.

3. Geopolitical Impact on Energy Markets
The Iran conflict is discussed as a significant factor affecting oil prices. The conversation touches on how potential peace deals with Iran could influence prices, though any resolution would take 90-120 days to fully impact markets.

4. Gasoline Prices and Regional Variations
Gas prices are analyzed across different states—most places are below $4/gallon, with Indiana below $3.50/gallon after suspending its gas tax. California is highlighted as an outlier with prices around $8/gallon.

5. Industry Capital Discipline and Future Production
Oil companies like Exxon and Pecos are exercising "capital discipline," not aggressively drilling at current $92 oil prices. The discussion explores whether production could increase from the current 14 million barrels per day if prices remain elevated.

6. Physical vs. Paper Oil Prices
An important distinction is made between the paper price of oil (what markets trade) and the physical price of oil tankers arriving at ports, which can be $25-50 more per barrel, suggesting eventual price adjustments.

7. Economic Implications
The broader theme is how energy prices drive the economy—cheaper energy correlates with stronger economic growth, making affordable energy critical for American prosperity.

https://americasvoice.news/

Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/

Also, Pecos Operating Website: https://pecosoperating.com/

6:55

The Real Oil Story: Separating Fact from Doom and Gloom - Steve Gruber- Real America and Rey Trevino

YouTube Video UExsYXNxRTF1T0pfVnRRVVNRdldPcVc5NjQ4ZWd6QjVodS44QjNCNkRENjNFQTBEMUND

The Real Oil Story: Separating Fact from Doom and Gloom - Steve Gruber- Real America and Rey Trevino

June 5, 2026 7:42 pm

Happy Memorial Day, and let's take a moment to remember those who have paid the ultimate price for our freedom.

This was a fun interview with the Fox 4 team heading into Memorial Day. I would also like to take a moment to thank all of our great veterans and active-duty military personnel. They have helped make the United States the greatest country in the world through their sacrifice and duty.

1. High Gas Prices
The primary focus is on record-high gas prices—the highest in four years. Despite the financial burden, AAA Texas reports that these elevated prices are not yet deterring people’s holiday travel plans. The newscast emphasizes the impact on consumers’ budgets while noting that Americans continue to spend money.

2. Memorial Day Weekend Travel
AAA is projecting that more people will travel at least 50 miles from home during Memorial Day weekend compared to the previous year. Traffic reports show roads are gridlocked, particularly during rush hours, indicating significant holiday travel activity despite high gas prices.

3. Economic Impact & Oil Market Analysis
Ray Trevino from PECOS Country Operations discusses the broader economic context:

The U.S. economy remains in good shape overall

Oil prices are currently hovering between $95-$105 per barrel

Companies are using “capital discipline” rather than aggressive drilling to avoid price crashes that hurt the economy

Long-term relief depends on resolving the conflict in Iran, which could lower prices to around $80 per barrel

4. Potential Policy Solutions
The newscast mentions that removing the gas tax could provide an 18-25% price reduction at the pump, though this is presented as a temporary measure compared to resolving geopolitical conflicts.

5. Consumer Responses & Money-Saving Tips
Individual drivers share their perspectives, with some adapting their transportation choices (like using motorcycles for fuel savings) while others remain committed to their travel plans. The newscast concludes with practical advice: buying gas on Wednesdays when demand is lower can help save money.

Full SubStack Article https://pecoscrudetruth.substack.com/p/memorial-day-gas-prices-how-long

3:44

Memorial Day gas prices - How long will high gas prices remain?

YouTube Video UExsYXNxRTF1T0pfVnRRVVNRdldPcVc5NjQ4ZWd6QjVodS5EMUJFNzRCNDRFQjE5RjM4

Memorial Day gas prices - How long will high gas prices remain?

May 25, 2026 6:25 pm

I was a guest on Texas Real Estate Pros with Dylan Silver it was a blast.

Being a podcast host is fun, but it is different being on other people’s podcasts, and today was a real treat. Dylan asked some great questions, and he is on target, seeking the right information for his audience.

The podcast interview is essentially an educational discussion for real estate investors about how oil and gas can be an accessible, tax-advantaged investment vehicle that complements their existing real estate portfolios.

1. Oil & Gas Investment Fundamentals

The conversation centers on how real estate investors can diversify into oil and gas investing. Rey Trevino explains that contrary to popular belief, you don’t need to inherit mineral rights to invest in oil and gas. Instead, modern investors can participate through direct non-op (non-operator) working interests, where they own a percentage of an oil and gas well and share in both revenues and expenses.

2. Tax Benefits & Incentives

A significant focus is on the attractive tax advantages of oil and gas investments:

Up to $100,000: You can write off 100% of your investment against capital gains, W-2 income, and other income

Above $100,000: You can write off at minimum 70% in year one

These are active tax deductions that don’t require the time commitment that real estate depreciation requires

3. Entry Points & Deal Structure

Rey explains how investors can get started with relatively modest capital:

Well costs are divided into working interests (e.g., a $1M well divided into 10% stakes = $100,000 per stake)

Investors can start with smaller percentages (e.g., 5% for $50,000)

Monthly revenue and expenses are split proportionally among investors

4. Due Diligence & Underwriting

The discussion covers how to evaluate oil and gas deals:

Access to geology and geologists

Title opinions for land
Petroleum engineers and reserve engineers assess production potential
Understanding oil price fluctuations and their impact on well value

5. Oil Price Volatility & Market Factors

Rey discusses what drives fluctuations in oil prices:
Political climate and presidential policies
Middle East disturbances
Wall Street speculation
The concept of “uncertainty cost” added to barrel prices

6. Texas’s Energy Dominance

Key statistics highlighted:
Texas produces almost 6 million barrels of oil daily
The U.S. produces ~14 million barrels daily (Texas = ~43% of U.S. production)
Production efficiency is improving despite fewer wells being drilled

7. Gas Price Disparities Across States

Dylan asks why gas prices vary so dramatically between states (New Jersey vs. Texas vs. California). Rey attributes this to:
Logistics and supply chain differences
State and local regulations
Tax structures (some states deliberately tax gasoline higher to discourage oil-powered vehicles)

8. Oil & Gas vs. Alternative Energy

A nuanced discussion about whether oil/gas and renewable energy are in conflict or can coexist:
Green energy production itself requires hydrocarbons (for manufacturing solar panels, wind turbines, etc.)
Rey uses the Dominican Republic example to show how natural gas infrastructure supports economic development
The view is that both energy sources will likely coexist rather than one replacing the other

9. Permitting & Regulatory Environment

Rey notes that the current administration is pro-oil and pro-real estate, actively removing regulatory red tape to speed up permitting for oil and gas wells.

10. Pecos Operating & Ray’s Background

Rey introduces his family office, which has been in oil and gas for 20+ years (his father for 40+ years), and mentions upcoming projects and their podcast “The Crude Truth.”

If you have questions, please reach out to me anytime via the Pecos Website or on my LinkedIn!

Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/

Also, Pecos Operating Website: https://pecosoperating.com/

21:59

The Energy Investor's Playbook: How to Get Started in Oil & Gas with Rey Trevino

YouTube Video UExsYXNxRTF1T0pfVnRRVVNRdldPcVc5NjQ4ZWd6QjVodS5CNEYyNTVBNDdGMDI1MDNC

The Energy Investor's Playbook: How to Get Started in Oil & Gas with Rey Trevino

May 8, 2026 4:25 pm

This was a fun interview with Steve Gruber on Real America's Voice, and he hit tough questions. We recommend watching Steve and Real America's Voice daily!

1. Oil and Gas Price Discrepancies
Steve opens by questioning why gas prices remain high ($4.44/gallon) despite oil being at $101 a barrel—significantly lower than the $138-139 a barrel during the Biden administration when gas reached $5.01. This apparent disconnect between crude oil prices and retail gas prices is the central puzzle driving the conversation.

2. Market Uncertainty and Refinery Premiums
R.T. Trevino explains that current market uncertainty is adding a "premium" to oil prices on Wall Street. Additionally, refineries are adding their own premiums to processed products, contributing to higher gas prices at the pump even with lower crude costs.

3. Refinery Capacity Shortage
A critical issue discussed is that America has insufficient refining capacity. The U.S. produces 14 million barrels of oil daily but consumes 21 million, and can only refine about 25% of domestically produced crude. A new refinery planned for Brownsville, Texas is highlighted as a positive step, but more are needed.

4. Oil Exports vs. Domestic Needs
The conversation addresses a seeming contradiction: America is exporting record amounts of oil (5.2+ million barrels daily) and refined products like gasoline and diesel, while domestic consumers face high prices. The host questions whether this export-heavy approach serves American interests.

5. Global Supply Chain and Geopolitics
The discussion touches on how the Strait of Hormuz closure, the Russia-Ukraine conflict, and global energy shortages affect U.S. oil markets. The U.S. is positioned as a key global energy supplier helping allies, which influences domestic pricing.

6. Future Price Projections
The segment concludes with optimistic forecasts: Goldman Sachs predicts oil could drop to $85 by end of June if the conflict resolves, with R.T. expecting prices around $75-80 once geopolitical tensions ease.

Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/

Also, Pecos Operating Website: https://pecosoperating.com/

7:18

Steve Gruber, Host on Daybreak - Real America's Voice hits the hard questions on oil, gas and diesel

YouTube Video UExsYXNxRTF1T0pfVnRRVVNRdldPcVc5NjQ4ZWd6QjVodS41ODIyMTgwQzA4NjJCQkZC

Steve Gruber, Host on Daybreak - Real America's Voice hits the hard questions on oil, gas and diesel

May 6, 2026 6:32 pm

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June 4, 2026 7:12 pm

Live from NAPE 2026, The Crude Truth welcomes Kasey Cox of Metal One America for a conversation on OCTG connections, supply chain shifts, deeper wells, and where drilling technology is headed in 2026.

Kasey shares what operators are asking for today, how tariffs and commodity pricing are affecting steel markets, and why service companies are watching geothermal and lithium extraction as emerging opportunities.

1. Metal One America & OCTG Connections
Casey Cox explains his role at Metal One America, a Japanese-owned company specializing in Oil Country Tubular Goods (OCTG) connections:
They provide threaded, coupled, and flush connections for various well applications (intermediate, production casing, etc.)
They sell intellectual property to distributors and licensees across the country who thread and couple the connections
The company ensures wells don't fail through quality connection products
Recently launched a new wedge connection product that increases torque capacity to 45,000 pounds, addressing deeper and more demanding wells

2. Current Industry Landscape & Market Challenges
Casey discusses the unpredictable nature of the current market:
Inconsistency: Every week brings something different that changes the industry
Tariffs & Commodity Rates: Steel tariffs and commodity pricing significantly affect operations and pricing
Mergers & Acquisitions: These deals can instantly change client relationships—a company can be a client one day and disappear the next after being acquired
Constant Adaptation: These changes keep service companies "on their toes"

3. Diversification into Alternative Energy Sources
Casey highlights an important strategic shift:
Oil and gas will never go away, but companies are branching into geothermal and lithium extraction
Service companies are exploring how to apply their existing technology and expertise to new energy sources
The key differentiator is people and knowledge—understanding how to transfer industry expertise to emerging energy sectors
This helps mitigate the natural ebbs and flows of the traditional oil and gas market

4. Well Technology Evolution
Casey emphasizes the changing demands on equipment:
Wells are going deeper, longer, and faster
Companies are pushing technological limits
New products like the wedge connection are designed to handle increased torque levels (45,000 pounds)
Growing demand for gas-tight connections due to increased activity in the Haynesville, Marcellus, and Utica shale plays

5. Sales Approach & Problem-Solving
Casey discusses his sales philosophy:
He uses a consultative approach—asking questions to understand client needs rather than just pitching products
He describes it as the classic "sell me this pencil" approach: ask questions first, then provide solutions
He acknowledges that engineers can be difficult to get to open up but are essential to understanding technical requirements
His outgoing personality helps him find "that one little niche" to break through and solve problems collaboratively

6. Professional Background & Career Path
Casey shares his 20-year journey in the industry:
Started in production (pipe, valves, and fittings for ~5 years)
Moved to consulting, where he did rig calls regularly
Now at Metal One America for about a year, focusing on drilling and connections
Upcoming trip to Midland with his manager and Japanese director to visit rigs and understand client needs firsthand
Self-described as a college dropout who relies on asking questions and learning from engineers

7. Industry Culture & Networking
The conversation emphasizes the personal side of business:

8. Contact & Engagement
Casey provides multiple ways to connect:
LinkedIn: His preferred method for professional outreach
Website: mo-tc.com for information on Metal One's connections
Email: kckasey.cox@mtlo.com
LinkedIn https://www.linkedin.com/in/kasey-cox-50b29638/

Check out LFS Chemistry Sponsor of the Crude Truth here: https://lfschemistry.com/
Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/
Also, Pecos Operating Website: https://pecosoperating.com/
Also, the great Production team at Real News Public Relations
https://www.realnewspr.com/

15:04

Kasey Cox on OCTG, Energy Supply Chains & What’s Changing in Oilfield Tubulars | NAPE 2026

YouTube Video UExsYXNxRTF1T0pfVjBXdmh1OUpIZDZqMGZJOWFGb2FHWi42MzE1QTJBMEI3NjI4Rjk5

Kasey Cox on OCTG, Energy Supply Chains & What’s Changing in Oilfield Tubulars | NAPE 2026

March 19, 2026 3:01 pm

Live from NAEP Expo 2026, Brent Franklin (CEO of Rise Capital) breaks down how deals, money, and opportunity collide in the oil & gas industry. From investing strategies to building relationships that change everything—this is where business gets done.

Connect with Brent Franklin on his LinkedIn here: https://www.linkedin.com/in/brent-franklin-606294193/

If you're serious about energy, investing, or scaling your network… YOU need to hear this.

Main Topics
1. NAEP Expo 2026 Overview
The episode is recorded live at the NAEP (North American Energy Professionals) Expo 2026, highlighting it as a major networking event where "deals happen." The host emphasizes the event's growth and recovery post-COVID, with increased business activity and deal-making opportunities.

2. Rise Capital and Investment Opportunities
Brent Franklin, President and CEO of Rise Capital, discusses his company's core business model:
Private capital management connecting investors with opportunities in oil & gas, real estate, and alternatives
A Reg D offering platform where investors can review and select specific projects
An online portal allowing diversified investment without requiring day-to-day management

3. Oil & Gas Investment Structures
The conversation delves into different investment approaches:
Working Interest: Direct ownership with unlimited liability but significant tax benefits
PDP (Proved Developed Producing) assets: Lower-risk investments in already-producing wells
Tax deductions: IDC (Intangible Drilling Costs) and TDC (Tangible Drilling Costs) explained as key benefits under IRS code Section 469

4. Tax Benefits in Oil & Gas vs. Real Estate
A key distinction is made: oil & gas investments offer active tax deductions without requiring material participation (unlike real estate's 500-700 hour requirement), making them more attractive for passive investors seeking tax elimination rather than deferment.

5. Rise Energy Group - Vertical Integration Strategy
Brent explains his parent company's approach to consolidating smaller service businesses:
Rolling up mom-and-pop service companies (drilling, well service, water transfer, wireline)
Providing liquidity to companies with bad debt and high overhead
Creating a debt-free, vertically integrated operation to reduce costs and improve efficiency

6. Market Challenges & Economics
Discussion of current oil & gas market conditions:
Low commodity prices ($60 oil, $3 gas) making projects less economical
Rig count decline (from thousands 20 years ago to ~300 today)
Break-even economics at $60/barrel, making cost reduction critical
Focus on shale production over exploration due to higher success rates

7. Investment Philosophy & Risk Mitigation
Key principles emphasized:
Diversification across multiple projects and asset classes
Importance of operator quality and experience
Mitigating risk rather than avoiding loss
Importance of "skin in the game" for all parties involved
Production and cash flow prioritized over tax deductions alone

8. Networking & Relationship Building
The value of attending industry events like NAEP for:

Meeting high-net-worth individuals and decision-makers
Finding partnership opportunities
Building relationships that lead to business deals
Surrounding yourself with quality people in the industry
This episode essentially serves as a deep dive into modern oil & gas investment strategies, emphasizing the importance of professional guidance, proper tax structuring, and strategic partnerships in the energy sector.

Check out LFS Chemistry Sponsor of the Crude Truth here: https://lfschemistry.com/

Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/

Also, Pecos Operating Website: https://pecosoperating.com/

Also, the great Production team at Real News Public Relations

https://www.realnewspr.com/

27:00

Inside NAPE 2026: Where Oil & Gas Deals REALLY Happen | Brent Franklin

YouTube Video UExsYXNxRTF1T0pfVjBXdmh1OUpIZDZqMGZJOWFGb2FHWi4wM0I0QUQ0RDU2REQxNjJC

Inside NAPE 2026: Where Oil & Gas Deals REALLY Happen | Brent Franklin

May 20, 2026 6:06 pm

Live from NAPE 2026, this episode of The Crude Truth dives into the software and data side of the oil & gas industry with W Energy.

Joined by Joe Fuda, Gary Napotnik, and Michael Tanner, we break down how modern energy companies are using cloud-based software, data analytics, and AI to streamline operations from field to finance.

Check out W Energy https://wenergysoftware.com/
Connect with Joe on LinkedIn https://www.linkedin.com/in/joe-fuda-420392127/
Connect with Gary on LinkedIn https://www.linkedin.com/in/m-surge/

1. Oil & Gas Industry Overview & History
The episode opens with a historical perspective on the oil industry, referencing the 1901 Spindletop discovery in Texas and how it shaped America's development. The hosts emphasize that despite alternative energy sources (wind, solar, electric), America still fundamentally depends on oil and the entrepreneurs who produce it.

2. W Energy Software Platform & Solutions
The core focus is on W Energy, a cloud-based software company providing integrated solutions for oil and gas operations. Key features discussed include:

Field-to-Finance integration: Connecting field operations, ticketing, production management, and accounting under one platform
Data View: An analytics-ready tool that allows non-technical users to visualize and understand business data without needing data engineering expertise
APIs and data accessibility: Balancing technical data access with user-friendly interfaces
3. Operational Efficiency & Workflow Streamlining
The speakers emphasize how modern software should:

Reduce manual efforts and repetitive tasks
Empower teams to focus on strategic analysis rather than report generation
Adapt to evolving business needs as companies scale
Allow executives to understand operations without needing to know "how the sausage is made"
4. AI Integration & Future Technology
A significant discussion centers on:

The emerging role of AI in oil and gas operations
How AI can rapidly deploy use cases and provide real-time insights
The potential for AI to transform decision-making and data consumption across the industry
W Energy's AI roadmap for 2026
5. Data Security & Privacy Concerns
An important theme is the tension between AI adoption and data protection:

Concerns about proprietary data (P&Ls, completion techniques, surfactant formulas) being exposed
The need for private cloud or on-premises solutions rather than public cloud services
Information security challenges in the age of AI
The importance of keeping data "under one roof" to prevent competitive leakage
6. Industry Evolution & KPI Management
The speakers discuss how:

Metrics and KPIs change as companies scale (from 300 BOE/day to 100,000+ BOE/day operations)
Software must be flexible enough to adapt to different business models and evolving priorities
The industry is becoming more efficient (producing 14+ million barrels/day with fewer rigs)
7. NAPE 2026 Conference Context
The episode is recorded at the NAPE (North American Petroleum Expo) 2026, highlighting:

Industry networking and deal-making opportunities
Emerging technologies and trends being showcased
The role of digital currencies and AI in shaping the future of the industry
The overall theme is how integrated software platforms with AI capabilities are transforming oil and gas operations by making data more accessible, workflows more efficient, and decision-making more strategic—while maintaining critical data security.

Check out LFS Chemistry Sponsor of the Crude Truth here: https://lfschemistry.com/

Follow Rey on his LinkedIn: https://www.linkedin.com/in/reytrevinoiii/

Also, Pecos Operating Website: https://pecosoperating.com/

Also, the great Production team at Real News Public Relations

https://www.realnewspr.com/

24:00

How Oil & Gas Companies Use Data to Win | W Energy at NAPE 2026

YouTube Video UExsYXNxRTF1T0pfVjBXdmh1OUpIZDZqMGZJOWFGb2FHWi41NEI5MkYxNzc0MDczQUUw

How Oil & Gas Companies Use Data to Win | W Energy at NAPE 2026

May 18, 2026 3:48 pm

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