AI-driven power demand, LNG growth, and infrastructure bottlenecks are reshaping energy investment faster than ever.

In this episode of In-Basin Observations, Bill Austin sits down with Jason Downie, Co-Founder & Managing Partner at Tailwater Capital, to discuss Tailwater’s differentiated approach across midstream, water, recycling, software, power-linked assets, and upstream energy investments.

The conversation explores major industry shifts, including upstream consolidation, natural gas infrastructure constraints, LNG-driven demand growth, rising AI-related power needs, and the increasing importance of disciplined capital allocation in today’s energy market.

00:00 Show Intro and Guest

01:14 Jason Downie Background

02:35 Why Tailwater Started

03:03 Data Driven Non Op Model

05:23 Full Immersion Value Chain

08:11 What Investors Miss

12:19 Energy Re Rating Post COVID

14:23 Macro Trend Upstream Evolution

15:05 Efficiency Gains and Inventory

19:19 Portfolio Benefits and Permian Gas

21:21 Midstream Platform Buildout

21:59 Texas Last Mile Gas Demand

23:04 LNG Logistics And Bottlenecks

24:21 Structural Gas Demand Shift

28:29 AI Power Demand Economics

29:52 Behind The Meter Boom

31:36 NIMBY Pushback And Grid Fixes

34:24 National Security And Reshoring

35:36 Why Private Ownership Wins

38:36 Geopolitical Risk Premium Wrap

In this special episode of the In Basin Observations Podcast, Bill Austin, Blake McLean and Jeff Bellman are joined by Amy Jaffe of NYU for a discussion that serves as a preview of the upcoming DEP Sonoma Executive Series.

The conversation focuses on the intersection of energy, AI, and power infrastructure, including rising electricity demand from data centers, natural gas infrastructure constraints, grid bottlenecks, and the growing overlap between the technology sector and traditional energy markets.

Fuel logistics keeps the oilfield moving, yet it’s often overlooked.

In this episode of In Basin Observations, hosts Bill Austin and John Daniel sit down with Rolfson Oil’s Jason Berger and Zach Krantz to break down the realities of fuel supply—and the impact of the Flint acquisition.

They cover:

Diesel volatility and supply risk

Centralized procurement

Automation and fuel optimization strategies

00:00 Welcome and Setup

01:22 Jason Rolfson Origin Story

03:33 Zach Flint Background

06:14 Scaling and Market Reach

06:58 Tech and Logistics Edge

10:53 Automation and Tri Fuel

13:22 Culture and Meritocracy

15:44 Selling in Procurement Era

20:34 Fueling Efficiency Demands

23:29 Customer Mix and Niches

27:49 What Customers Call Best

30:16 Hiring Standards

31:24 Retention Perks

32:14 Customer Stickiness

33:32 Dual Fuel Disruption

35:32 New Truck Tech

36:26 Diesel Price Pass Through

37:56 Supply Optionality

39:24 Record Months Drivers

42:41 Flint Acquisition Rationale

47:07 Fuel Hedging Advice

51:39 Tri Fuel Explained

54:03 CapEx And Supply Chain

55:33 Wrap Up Thanks