Be yourself; Everyone else is already taken.
— Oscar Wilde.
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Adam Ferrari Explains Why Good Leaders Always Take Sides
Originally published on myventurepad.com
Leadership is a highly sought-after behavior for employers and institutions. The world always needs good leaders to guide the way and make sure that movements can have the effect that they want them to. But what exactly does leadership entail? Is leadership just being able to get along with everyone, or does it require making hard decisions sometimes? Below, Adam Ferrari explains why good leaders must always take sides, even when there is the risk of receiving backlash.
There Will Always Be Conflict
One thing that leaders will always have to manage is conflict. No matter the organization, there will be some friction, and at some point, it’s up to leaders to make the call and work things out. As a theoretically neutral party, leaders might feel like they are not meant to take sides in issues and instead are supposed to be an external observer outside of the dynamics of interpersonal conflict.
The problem is, you can’t avoid taking sides on some issues. When the issue is personal, it might be best for the leader to tell the team to handle the matter elsewhere. But when conflict arises over who should manage a project or where responsibility for some task lies, leaders have to take sides to get things done. The inability to make a firm decision and come down on some side can keep projects or tasks from being completed.
Think Logically, not Emotionally
A good leader can put their emotions to the side when trying to mediate a conflict between two people. Emotions can cloud your thinking and prevent you from observing just the facts of the case. Emotional thinking can also affect your judgment, so you do not render an impartial decision. Take some time to think over decisions so any emotions can subside. That way, you can make a more objective judgment.
Solving Problems Requires Activity
A passive reaction will only make conflict and problems get worse. Failing to take a side is being too passive and can result in the issue boiling over into something even more serious. Picking a side and following through is how you solve problems efficiently. Partial acceptance and passive interaction do nothing to help anyone and can make the situation worse. A good leader knows when they have to make hard decisions and set a precedent so others can follow through too.
It’s the Right Thing to Do
Sometimes, being a leader means taking a stand on some issues. Falling determinately on one side represents a kind of strength of character that anyone can respect, even those that might disagree with you. Sticking to your guns and taking a firm stance on some issues can help build respect with other people.
Leadership is not easy and requires making some sacrifices. A good leader realizes that sometimes decisions need to be made, even when taking a side might not make everyone happy.
The Duhig Rule Explained by Adam Ferrari
Originally published on askcorran.com
Navigating property inheritance laws in America can be tricky, especially when dealing with an oil and gas deed that ties existing parties to deceased relatives who once owned or maintained land used in oil production. A Texas court case by the name of Duhig v. Peavey Moore Lumber Company set a clear precedent that when a piece of property changed hands, there will be a fair split of surface and subsurface mineral rights. Below, Adam Ferrari, CEO of Ferrari Energy explains the Duhig rule.
How does the Duhig Rule work?
Landmen looking to acquire mineral rights, beware of the Duhig rule. If a landowner decides to sell a property and signs a mineral deed that retains one-fourth of the mineral rights and conveys the surface and three-fourths of the mineral rights to the buyer, no one else will be able to retain mineral rights, even if another contract says so.
The Duhig rule states that priority will be given to the granted interest, so even if another buyer receives a deeded interest later that claims one-fourth of the minerals rights, their rights will be invalidated because their one-fourth share is going to the original owner as deemed by their original contract. The other three-fourths are going to the seller offering a new contract. Even if that negotiation is on a separate contract, it still counts. Find other examples and more information about the Duhig rule here. These mistakes can happen, but sometimes landmen will be cheated out of mineral rights because of intentional oversight that enacts the Duhig rule.
The Duhig Rule in Action
Here is a historical case in which the Duhig rule took effect. In 1954, in a small area in Mountrail County, North Dakota, a party known as the Doktors owned 100% of the minerals in a tract. They were granted undivided 64/160th interest in the minerals that were found in and under the property of the Northwestern National Bank of Minneapolis because there was no dispute whether the conveyance constituted a party interest that had no participation.
When Winco purchased the Doktor’s remaining interest in 1993 via a warranty deed, it stated that the conveyance was subject to prior mineral reservations that are of current record. Winco then leased to a company named EOG. When EOG found productive minerals on the property, Wenco sued, stating that its royalty interest should be at least equal to the Northwest Bank’s royalty.
The Northwestern Bank received its 64/160th share, and the Doktors’ were able to retain their 16/160th share after the reduction due to the Duhig rule. This is a modern case settlement example in which the Duhig rule has taken effect and successfully mitigated ownership disputes between parties.
The Duhig rule is a complicated piece of legislation that properly distributes mineral interests amongst existing parties that share the property after it has been inherited by multiple buyers.
About Adam Ferrari
Adam Ferrari is the founder of the mineral acquisitions company Ferrari Energy. He is a chemical engineer by degree and is an accomplished petroleum engineer by profession. He also has experience in the financial sector through his work at an investment banking firm. Under his leadership, his company has supported numerous charitable organizations including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
Adam Ferrari, Founder and CEO of Ferrari Energy Lays Out the Pros and Cons of Fracking
Originally published on imcgrupo.com
When it comes to sifting through the benefits and drawbacks of hydraulic fracturing, better known as “fracking,” it can be challenging to separate fact from fiction. Political implications can distort information, making it difficult to understand what information is most relevant. In this article, Adam Ferrari lays out some of the pros and cons of fracking to keep you informed.
Air Quality & Health
With larger quantities of natural gas available through new fracking technologies than ever before, the overall picture for U.S electricity generation is changing. Increasing reliance on natural gas instead of coal can be attributed to the creation of widespread public benefits, as burning natural gas is generally viewed as a better option than coal in terms of environmental impacts. This is not to say that coal fired power plants cannot be run in a manner that has minimal impact on the environment but natural gas fired power generation is widely considered a less impactful option.
While natural gas indisputably releases fewer pollutants in the air than coal, not all coal operations will be easily displaced by natural gas extraction technologies. Additionally, natural gas is currently not believed to be a purely clean and renewable resource although some folks have challenged this thesis as clean is a somewhat subjective term. While it does reduce the harmful effects of coal and serves as a strong alternative, it’s not a perfect solution and if we are all being truly candid there is no perfect solution for the lives of convenience and consumption most humans desire to live. We should generally avoid the words clean and dirty in the energy conversation without clearly defining these words in this context.
Greenhouse Gas Emissions
Natural gas produces just 45 to 50 percent of the greenhouse gas emissions that coal produces. It should be noted that impact of carbon dioxide in the atmosphere is not an exact science. Humans exhaust carbon dioxide and plants use this CO2 exhaust as their source of food. That said, burning natural gas does indeed produce carbon dioxide emissions just the same as burning a log in your personal fire pit.
Some people argue that methane emissions from leaks at fracking locations are a legitimate concern. However, experts agree that these concerns are overblown. Fracking processes have become so advanced that a leak is very uncommon. So while fracking and the associated natural gas produced is still responsible for greenhouse gas emissions, the exact science on whether these emissions are truly negative is not conclusive at this point. The climate history of planet earth is significantly longer than the period of time with human activity thus complicating the analysis of what variable impact weather patterns the most.
Drinking-Water
Because fracking processes take place underground in proximity to aquifers that supply surface water, people have voiced suspicion that fracking may contaminate drinking water and threaten human health. However, it is improbable that well-run drilling operations performed thousands of feet below the surface would have any chance of contaminating the drinking supply.
When fracking is performed irresponsibly, drinking water could be affected but the same could be said for farming and livestock operations. The chemicals used in fracking operations are safer than what’s beneath a typical kitchen sink in America and this point needs to be acknowledged when discussing the risks of fracking on freshwater aquifers. Fresh water is not destroyed during fracking operations and even in the extremely rare and unlikely scenario that some fresh water is contaminated said water can easily be purified with technologies that are readily available today.
Seismic Activity
Fracking catches a lot of heat for the seismic activity in which it produces. It is worth noting that the Richter Scale which is used to measure seismic activity or “earthquakes” has a very wide scale. At the low end of the scale would be a hand grenade and at the high end could be something like a meteorite impact on planet earth. Having this wide scale can be very misleading in terms of calling something an earthquake. For example, most folks would not consider a hand grenade type boom an earthquake. Fracking does cause seismic activity that can be measured during the operation but there has never been a fracking operation that could be felt at the surface by citizens. Therefore, claiming fracking produces earthquakes is really grossly distorting the truth of what type of Richter scale readings lead to felt earthquakes.
Fracking, like any form of energy harvesting, has its pros and cons. While there are certainly negative aspects that should be addressed, the positive outcomes of fracking clearly outweigh its potentially harmful side effects. Fracking is a necessary part of the U.S. energy system to keep our lights on and all those iPhone and iPads charged.
About Adam Ferrari
Adam Ferrari is the founder of the mineral acquisitions company Ferrari Energy. He is a chemical engineer by degree and is an accomplished petroleum engineer by profession. He also has experience in the financial sector through his work at an investment banking firm. Under his leadership, his company has supported numerous charitable organizations, including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
Adam Ferrari, CEO of Ferrari Energy, Discusses How the Oil and Gas Industry is Going Remote
Originally published on entrepreneurshiplife.com
The oil and gas industry has encountered hardship due to the coronavirus pandemic. However, like many other industries, leaders have proven that, through an adaptive approach, the industry can continue to function remotely. Service providers once stationed in the oilfield have moved operations to remote offices and homes of the employees. In this article, Adam Ferrari, CEO of Ferrari Energy, discusses how leaders in the oil and gas industry have approached the increasing necessity for remote work and how remote working opportunities have made the sector more appealing to a newer, more cautious workforce.
Adoption of New Technologies
An increasing number of oil and gas companies have adopted remote working models, and the pandemic continues to reshape the energy sector and the economy at-large. With fast-tracked adoptions of remote drilling and fracking technologies, companies have been empowered to allow for dynamic working solutions that don’t require as much on-site attention.
Tasks that would have been assigned to on-site drilling specialists have been delegated to remote engineers, who carry out the work from offices or in their own homes.
The outsourcing of work to remote employees rather than on-site specialists to interpret well data and steer drills minimizes public health risks and significantly reduces costs. Industry leaders have reported that communications have been as productive as ever, as the process has become more streamlined. Powerful new technology makes remote work a less daunting task than companies may have initially bargained for.
Attraction of the New Generation
Studies show that more than half of the adult working population in the United States would prefer to work remotely. Traditionally, the oil and gas industry has not offered many remote working opportunities, as much of the processes were thought to have required on-site employees.
However, with the discovery that much of the work can be completed in a remote setting, younger individuals have become more inclined to work in the energy sector, especially oil and gas. An additional explanation to this phenomenon is that oil and gas jobs were construed as high-risk and dangerous, but without the potential for heading out into the field, more cautious individuals may be more inclined to apply.
While the oil and gas industry is cutting many traditional jobs, a new wave of tech-related job openings has come onto the market. For a highly technologically literate generation of millennials, this could mean increased opportunity, as well as needs, met for oil companies.
These younger individuals are looking for flexibility—something that has not been offered in the oil and gas industry in the past. But with companies saving money on remote employees and a willingness by the new generation of workers to stay home to complete their tasks, this change could be here to stay.
The oil and gas industry, along with the rest of the world, is going remote. What was once thought of as a very hands-on industry has proven not to be, as much of the work can be completed in a remote environment. This has opened a new wave of tech-related jobs and attracted a younger generation of applications.
About Adam Ferrari
Adam Ferrari is the founder of the mineral acquisitions company Ferrari Energy. He is a chemical engineer by degree and is an accomplished petroleum engineer by profession. He also has experience in the financial sector through his work at an investment banking firm. Under his leadership, his company has supported numerous charitable organizations, including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
CEO of Ferrari Energy Adam Ferrari Comments on Managing Effective Collaboration With Unwilling Participants
Originally published on newsanyway.com
Poor communication results in interpersonal conflicts. When team members in your company feel taken advantage of, morale decreases. With this decrease in morale, productivity loss becomes inevitable and can hinder your organization’s ability to meet its goals. In this article, Adam Ferrari, CEO of Ferrari Energy and serial entrepreneur, discusses measured steps your company can take to prevent interpersonal conflict occurrences, promoting collaboration even among employees who disagree.
Effective Collaboration Across Perspectives
Organizations that foster a collaborative work environment consist of employees who feel seen, heard, and safe to share their thoughts. While differing opinions can be contentious, individuals should always feel valued when speaking their truth.
Validating the need for varying perspectives is the first step in showing employees that their thoughts matter. When people feel this way, disputes are less likely to arise. Rather than dismissing unique opinions, they should be celebrated. Without a dynamic and diverse workplace, ideas become stagnant, and progress slows down.
Individuals of a team only become unwilling participants when they believe that what they have to say is unimportant. You should consistently check in with your team members to ensure that they feel they’re playing an integral role in contributing to organizational goals.
Efficiency and Structure
Without detailed organization, companies crumble. Collaboration can only occur if systems are in place that allow for the sharing of ideas. Your organization should have standardized systems and collaboration processes in place. Your meetings and work sessions should be efficient and leave no time to waste. When your employees feel like their time is valued, they are more likely to engage in the processes set forth.
Great executives understand that successful collaboration in the workplace isn’t just good for their employees. Productive, happy employees mean benefits passed on to customers and the company’s bottom line.
Maintaining Calm When Things Go Wrong
Things are going to go wrong in your business. Problems will arise that inevitably call for solutions. Your employees will likely disagree on ways of fixing these problems, but that doesn’t excuse them from being a part of a solution that they don’t particularly align with. Have one-on-one communication with disgruntled individuals, and let them know the reasoning for pursuing a particular solution. It doesn’t mean that you don’t value their input; it just means that the company is going a different route in this instance.
Your employees can disagree with decisions. They shouldn’t be ostracized for believing differently. However, they must be willing to forge ahead for the greater good of the organization. Communicate with your team members that although their ideas aren’t put to use, you still need them to complete the task.
Giving these individuals a sense of purpose is more willing to put the past behind them and focus on the future. And then, once they have completed the work put in front of them, make sure to celebrate their contribution. Stay calm, and set your sights on the road ahead.
About Adam Ferrari
Adam Ferrari is the founder of the mineral acquisitions company Ferrari Energy. He is a chemical engineer by degree and is an accomplished petroleum engineer by profession. He also has experience in the financial sector through his work at an investment banking firm. Under his leadership, his company has supported numerous charitable organizations, including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
Adam Ferrari, Ferrari Energy Founder, Discusses The Oil Industry Resorting to Mergers and Acquisitions to Survive
Originally published on newscase.com
The price of oil is stuck around $40 per barrel with no recovery in sight. As a result, major oil companies are combining to cut costs to ride out the effects of the COVID-19 pandemic. Here, CEO of Ferrari Energy, Adam Ferrari, discusses mergers and acquisitions that could potentially occur within the oil industry, detailing the possible consequences.
ConocoPhillips and Concho
ConocoPhillips is the largest independent American oil company. However, their size hasn’t saved them, as their stock price has plummeted by roughly half in 2020. The company primarily operates in the Bakken Shale field of North Dakota and the Eagle Ford shale field in South Texas but seeks to expand into the Permian Basin, the world’s most lucrative shale field.
Concho has a strong presence in the Permian Basin, which straddles West Texas and New Mexico. Through the acquisition of Concho, ConocoPhillips will more than triple its 170,000-acre position in the basin by adding 550,000 additional acres. The merger serves as a remarkable feat, as ConocoPhillips will likely be unmatched in its scale. In regards to land alone, ConocoPhillips is adding enough acreage to compete with ExxonMobil’s already massive program in the region.
With oil production continuing to decline in the United States, it remains to be seen if the Concho acquisition will be enough to keep ConocoPhillips afloat through the remainder of the pandemic.
Chevron Acquires Noble Energy
Chevron’s acquisition of Noble Energy was viewed positively by investors and is generally believed to strengthen both companies involved. By seeking to add profitable acreage and shareholder value rather than distressed drillers at knockdown prices, this appears to be a movement centered around the future. Although Chevron took a substantial loss in the second quarter of 2020 due to impairments, the company still boasts a relatively healthy balance sheet.
Chevron is staying focused on the oil and gas sector in hopes that oil demand will recover over the next two years. If this does turn out to the case, Chevron’s measures could prove to be fruitful. If the opposite occurs, and recovery takes longer than expected or never comes at all, the move could prove too costly.
While it’s generally viewed more favorable than the ill-timed Occidental-Anadarko deal, which is now perceived as a poorly managed pursuit of a leveraged transaction, analysts agree that Chevron’s acquisition of Noble Energy is in no way a home run. Major oil companies are making monumental moves in an attempt to mitigate the effects of the global pandemic. However, COVID-19 isn’t exclusively to blame for the hardships faced in the oil and gas industry.
With oil prices stuck at about $40 per barrel with no measurable end in sight, it remains to be seen if the moves made by Chevron and ConocoPhillips will be enough to salvage the company’s future in the long term.
About Adam Ferrari
Ferrari Energy is founded by Adam Ferrari his company is discovering of the mineral acquisitions. He got a degree in chemical engineering and is an accomplished petroleum engineer by profession. Adam Ferrari also involve in financial sector based on his experience in investment banking firm and supported numerous charitable organization under his leadership including St. Jude Children’s Hospital, Denver Rescue Mission, Coats for Colorado, Freedom Service Dogs, and Next Steps of Chicago.
Adam Ferrari, Ferrari Energy Founder, Explains 7 Reasons Why Every Leader Needs to Learn to Walk Away
Originally published on usupdates.com
Quitting is sometimes treated as a “dirty word” when talking about business. However, this thinking is partially archaic and can hold you back from the success you crave. In this article, Adam Ferrari, Ferrari Energy founder, explains the main reasons as to how quitting can be beneficial in certain situations. He encourages professionals to steer clear of the proverbial sinking ship in order to reach their fullest potential.
You Are No Longer Compelled
There was likely a day when you were passionate about the work you did. But now, the magic has just faded away. What used to be dreams of success have turned into negative associations. This doesn’t mean you’ve failed—it means your interests have shifted. Trust your visions, and walk away.
Your Body Is Failing You
High levels of stress can contribute to aches, pains, and low energy. If your body is telling you that the work you do is no longer productive, it’s time to listen to that intuition. Continuing on the path of high stress is never suitable for anyone, especially those unhappy in their line of work.
Disinterest Has Set In
Maybe you used to get pumped up about keeping up with industry trends and evaluating best practices in your line of work. Yet today, you just don’t care. That doesn’t mean you know everything there is to know; it just means that your heart is no longer in it.
The Money
Ah, the almighty factor: the money. Maybe your industry has shifted, and there is no more money to be had, or perhaps you’ve just reached your cap. Even if you like your job or business, there is no shame in walking away to pursue a better lifestyle. You shouldn’t have to burden yourself with financial worries if there are better opportunities out there.
You Dislike Your Coworkers
Every workplace environment is different. Some company cultures are highly engaging and fun, while others are boring and constrictive. As a leader, it’s your duty to be filled up by those around you. If you are experiencing drainage, it’s time to get out – and fast.
You’re Complaining
Not only does complaining negatively affect your well-being, but it also takes a toll on those around you. Is it even worth it if you are bringing your work home and unloading on loved ones and friends? Leave the complaining to the unhappy folks out there. You can and should rise above it!
Everything Feels Hard
Are you snoozing your alarm in the morning? Need six cups of coffee to get out the door? Losing focus while responding to emails? These are all mere symptoms of a larger problem: you don’t like what you’re doing. While work should be challenging, it shouldn’t be a chore. Make a shift and find something that ignites a fire in you every day.
Real leaders know when to walk away. There is no shame in quitting something that doesn’t bring value to your life. If you feel like it’s time to make a change, then your intuition is probably right!
Adam Ferrari Comments On Building A Positive Remote Team Experience
Originally published on thenewyorkage.com
Organizations are being faced with the new challenge of transitioning from a task-oriented onsite working structure to solutions-based off-site outcomes. If your organization needs a transition plan, it can be highly beneficial to conduct additional analysis for planning remote experiences for your employees. With the emergence of new technologies, workers across the globe are able to engage in new ways that can improve team productivity.
Maintaining Organizational Goals
As your team adjusts to the new normal of a remote work environment, you’ll have to make concerted efforts in continued communication of organizational goals. By moving to cloud-based processes and providing sufficient training on those processes, the workflow can continue to be streamlined. If possible, absorbing costs surrounding the creation of a home office space such as hardware, software, and other associated costs that were once budgeted for in your physical office space can serve to heighten the morale of your employees.
“You want to ensure that your team members feel taken care of,” stated Adam Ferrari, CEO of Ferrari Energy. Taking a dedicated approach to accounting for your employees’ mental health demonstrates your organization’s willingness to work through the unique challenges that a remote work environment poses. This can be done through things like providing gym memberships (in safe areas) or providing wellness resources such as webinars.
Additionally, it’s important to keep the workplace culture alive in a remote environment. If possible, maintain those ‘water cooler conversations’ by budgeting time for your employees to break off for virtual check-ins. By keeping the culture of your company alive and well, your employees will be more motivated to reach organizational goals.
Boosting Internal Communication Strategies
Taking extra time to ensure that your employees understand what is going on in the company will improve their online working experience. When employees feel informed, they feel empowered. Prioritize mentorship, especially with entry-level employees or interns that may be overwhelmed by learning a new job in a remote setting.
If you are using new technologies to complete organizational tasks, make certain that your employees feel that they have the hands-on training they need to operate these systems. While these technologies undoubtedly serve to create the potential for creativity and problem-solving, for many workers, this learning process can be frustrating. A frustrated workforce is not a productive workforce.
Fostering an Inclusive Climate
Your employees need real conversation. Your organization should encourage social interactions among employees. This is as simple as taking some before a Zoom meeting to ask employees how they are doing and allow for coworkers to catch up on personal matters.
Especially in a remote working environment, it’s important to celebrate milestones. As your organization reaches its goals, make sure to celebrate those achievements, and pay particular praise to team members that have contributed to the completion of projects. Not only will this satisfy team members who have done the work, but it will also motivate your other employees to seek the same recognition.
An inclusive climate is a positive climate and will make for an extremely productive remote working experience. Meet goals and maintain communication!
About Adam Ferrari
Adam Ferrari is the founder of the mineral acquisitions company Ferrari Energy. He is a chemical engineer by degree and is an accomplished petroleum engineer by profession. He also has experience in the financial sector through his work at an investment banking firm. Under his leadership, his company has supported numerous charitable organizations including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
Adam Ferrari, CEO of Ferrari Energy, Details Elements Every Business Website Homepage Must Have
Originally published on itseriestech.com
The homepage is possibly the most crucial page of a business website. Many visitors will decide whether to buy from a company based on what they see on the homepage alone.
Here, Adam Ferrari, entrepreneur and CEO of Ferrari Energy shares ten essential elements a business website homepage needs.
Branding
Every business must have unique branding that includes a logo, color scheme, and text font. It is critical that this branding is used across all media types. Humans can detect, even subconsciously, any difference from what their eyes expect to see.
A change in branding from one media type to another will cause the customer to wonder if they are on a legitimate website.
A clear summary of who you are and what you do
It is vital to display the company name clearly and provide a description of what you do. Many customers will only spend a few seconds on a homepage if they don’t immediately know whose website it is.
Easy to understand navigation
Few things frustrate customers more than unclear or missing navigation. They expect to see how they can move around the site and get anywhere from the homepage.
Images that tell your story
Nowhere is it truer that “a picture is worth a thousand words” than on a website homepage. Customers are resistant to reading long passages of text, so images that tell the business’ story are crucial.
Highly-readable and engaging typography
Getting the right contrast between texts and images can be tricky. Place text on a solid background color, preferably white. If not white, make sure the text color and background color provide sufficient contrast for the text to be readable.
Benefits
Make the benefits of your product or solution immediately visible. It’s not enough to indicate that the website belongs to John’s Pool Service, for example.
It must be immediately apparent why John’s Pool Service is better than any other pool service. If your company offers a specialized service, like after-hours service calls, include that in the homepage’s benefits statement.
A call to action
People act more often when prompted to do so. A homepage that only offers information may be aesthetically attractive, but it is less likely that a customer will make a purchase or move to the next step unless they are asked to do so.
Testimonials
Customers want to know that others have had a good experience with your company. Post a few testimonials front and center on the homepage.
Social media links
In today’s world, being active on all the popular social media platforms is critical. If you’re not on their favorite platform, many customers will move along. The bottom of the homepage is where most customers will look for links to your social channels.
Contact information
Don’t make your customers guess how they can get in touch with you. Contact information can be placed on a separate “contact us” page, or you may choose to use an email form rather than provide an email address.
At the very least, a city and state should appear at the bottom of the homepage so customers can rest assured that your company physically exists.
About Adam Ferrari
Adam Ferrari is a chemical engineer and the founder of mineral and leasehold acquisitions company, Ferrari Energy. He graduated Magna Cum Laude from the University of Illinois at Urbana Champaign and earned a degree in chemical engineering.
Although trained as a chemical engineer, his professional career has been more focused on petroleum engineering. After graduating, Mr. Ferrari worked as a production engineer for BP and then transitioned to a role at Macquarie Capital. While working at this investment banking firm, he became intimately familiar with the financial side of the energy business.
After ten years of applied industry experience, Adam Ferrari was well-versed with both the energy and financial sectors and launched his own company, Ferrari Energy. He bootstrapped the business with no outside help and quickly became an accomplished businessman and a capable engineer.
Adam Ferrari Describes How Technology Will Change the Energy Sector
Originally published on yahoo.com
Startup Fortune, El Segundo, CA: Founder of Ferrari Energy, Adam Ferrari, shares some of the fascinating ways technology will help the energy sector adapt for future generations.
Technology has transformed the way many businesses operate. The energy sector is no exception, with various new technologies making their mark on the industry.
One of the benefits of emerging technology is that it can help facilitate more efficient business practices. As a result, many companies in the energy sector are shifting their business models to integrate digital technology.
As more people become interested in adopting alternative energy sources such as solar and wind, energy companies are now being challenged to identify ways to predict trends for future energy production. This is already happening across many companies, with an increasing interest in improving technology that can predict weather patterns and catalog analytics to better understand energy usage requirements across various regions in the United States. Using this advanced technology will allow these companies to find more efficient and cost-effective ways to distribute green energy across their networks.
Research is also emerging around the creation and use of smart grids. These grids can operate on a small neighborhood network or within a larger city. This technology aims to build an electricity supply network that detects and automatically adjusts to fluctuations in power usage. As a result, companies will be able to better handle power surges during peak usage times.
“Another critical component to the overall development of more sustainable tech in the energy industry is related to maintenance and improvements to existing infrastructure,” stated Adam Ferrari, the founder, and CEO of mineral acquisitions company Ferrari Energy.
Historically, in the oil and gas industry, pipelines have required manual labor to perform routine maintenance to check for any cracks or signs of corrosion. It can not only be expensive and time-consuming to deploy a team of people to dig up and check pipelines, but it can also disturb the surrounding habitat and waterways.
Installing digital sensors or implementing artificial intelligence (AI) can help energy companies identify and resolve any potential maintenance issues in real-time – well before becoming a critical failure in a system. In short, this technology eliminates unnecessary deployment of resources and allows areas in which pipelines have been built to be undisturbed unless intervention is necessary.
Technology has also played a part in developing sonar software to help oil and gas companies detect locations underground that may provide profitable amounts of oil or gas to mine. This will prevent fruitless drilling and protect more land. Nano-engineered materials have been a byproduct of new technology, too, as the materials needed to drill and install pipelines have continued to become more efficient and durable.
About Adam Ferrari
Ferrari Energy CEO Adam Ferrari was educated as a chemical engineer, graduating magna cum laude. He worked in several companies, where he gained experience in both energy and finance before he eventually decided to establish his own mineral acquisition company, Ferrari Energy, in Denver, CO. In efforts to give back to the community, he supports organizations including St. Jude Children’s Hospital, Freedom Service Dogs, Denver Rescue Mission, Coats for Colorado, and Next Steps of Chicago.
Adam Ferrari 