tag:blogger.com,1999:blog-203302732026-10-21T13:06:38.662-06:00Welcome to People, Ideas & Objects Solution to Turn Shale Accountable and ProfitablePeople, Ideas & Objects — Synallagi is a North American oil & gas ERP system that elevates marketplaces, the Joint Operating Committee, and our user community to core operating priorities. <br><br>Built for producers facing chronic overproduction, intermittent shortages, unprofitability, value destruction, and poor accountability. Synallagi defines, develops, and delivers the means for all categories of producers to compete as innovative and profitable oil & gas firms.Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.comBlogger3591125tag:blogger.com,1999:blog-20330273.post-72652631973158933272026-10-21T05:30:00.000-06:002026-10-21T13:06:25.135-06:00Joint Operating Committee - Capabilities Deployment, Part III Preparation of the Joint Operating Committee - Capability Deployment sub-module of the Business Operations Management Module has prompted an update to the Security & Access Control Module previously published as part of our handover process. I have revised that specification and republished it in full through the wiki. This brief note records the amendment.We will continue this practicePaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-84017628573575972612026-10-20T05:30:00.000-06:002026-10-20T05:30:00.116-06:00Joint Operating Committee - Capability Deployment, Part II Today’s blog post examines the development of transaction templates and their associated Accounting Vouchers, together with the interfaces engineers and geologists will need to use them. These templates will support the planning and deployment of the commercial aspects of oil & gas operations, from filling a vehicle’s fuel tank to drilling a well. They will connect the work being Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-4712610141232749152026-10-19T05:30:00.000-06:002026-10-19T18:16:35.225-06:00Joint Operating Committee - Capability Deployment, Part I We resume the handoff of Synallagi further development to our user community with a detailed review of the Business Operations Management module. We have organized its functionality into three sub-modules: Planning, Marketplace, and Joint Operating Committee - Capability Deployment. Business Operations Management supervises and coordinates the activity across these environments, providing Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-29215915747633425542026-10-16T05:30:00.000-06:002026-10-16T05:30:00.113-06:00A Perception of Financial Status, Part VII The Service IndustryDuring the early-to-mid 2000s oil boom, tension between exploration giants like EnCana Corporation and the oilfield services (OFS) sector erupted into highly publicized corporate friction. While corporate communications departmentally used sanitized language like "industry constraints," top executives—most notably EnCana's legendary and blunt founding CEO, Gwyn Morgan—Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-47767340361687671052026-10-15T05:30:00.000-06:002026-10-15T05:30:00.120-06:00A Perception of Financial Status, Part VIThe Benefits of Adopting Synallagi Price Maker StrategyAs the alternative People, Ideas & Objects propose Synallagi price maker strategy putting profitability at the center of production decisions. Each producer uses market prices and actual financial information at the well, property and Joint Operating Committee level to determine independently what to produce, what to withhold and where toPaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-7177436493422850922026-10-14T05:30:00.000-06:002026-10-14T05:30:00.116-06:00A Perception of Financial Status, Part VHedge HogsProducers are correct that hedging can mitigate the financial consequences of adverse commodity prices. Investors may appreciate that protection. They’re entitled to an answer to a more fundamental question: why does the underlying production lose money? A hedge settlement can offset a loss. It does not establish that the operation generating that loss is commercially competitive.My Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-87019808755835673402026-10-13T05:30:00.000-06:002026-10-13T05:30:00.182-06:00Debate # 42, Perception of Financial StatusWe have another debate-style podcast produced with Google’s NotebookLM. This discussion brings the cultural issues addressed in A Perception of Financial Status into focus for listeners who may find them less apparent in a conventional presentation.Standard and Objective AccountingOne simulated presenter advances the commercial argument behind Synallagi. The other raises objections that will Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-5605105510314797612026-10-09T05:30:00.000-06:002026-10-09T05:30:00.174-06:00A Perception of Financial Status, Part IVPart IV of People, Ideas & Objects paper "Consider This... A Perception of Financial Status: Why Oil & Gas Producers are not Profitable"The Consequences The consequences to breakeven accumulate through time. Production that contributes too little toward capital recovery leaves fewer remaining volumes to recover the outstanding breakeven costs. Production that doesn’t Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-10238538214876515222026-10-08T05:30:00.000-06:002026-10-08T12:27:08.527-06:00A Perception of Financial Status, Part IIIPart III of People, Ideas & Objects paper "Consider This... A Perception of Financial Status: Why Oil & Gas Producers are not Profitable"OverheadThe commercial purpose of recognizing overhead is to ensure that production earns the cash necessary to pay for it. Every month, producers incur accounting, administrative, technical support and other organizational costs that must be funded. Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-72626055745225820592026-10-07T05:30:00.000-06:002026-10-07T05:30:00.109-06:00A Perception of Financial Status, Part II Overhead Cost ReductionsSynallagi requires a reconfiguration of the industry’s accounting and administrative resources to deliver the financial detail necessary for commercial decisions. Capturing production data through the Internet of Things is the beginning. Overhead allowances must give way to the actual costs incurred in administering each property and well. What does it cost to Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-20259987420796498352026-10-06T05:30:00.000-06:002026-10-06T05:30:00.187-06:00Perception of Financial Status, Part I North America must confront a fundamental change in how oil & gas is produced—and the consequences of failing to organize the industry accordingly. Shale transformed the pursuit of scarce discoveries into the commercial challenge of managing abundant resources. Yet producers attempted to accommodate that abundance within a business model built around scarcity. Our argument is that the Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-3405243089381116072026-10-05T05:30:00.000-06:002026-10-05T05:30:00.116-06:00Consider This… Who Will Pay for North America’s Energy? North America possesses an extraordinary oil & gas resource endowment. The larger question raised in our new paper, Consider This… A Perception of Financial Status, is who will pay to develop and sustain it.Will investors and bankers be expected to replace capital that production has failed to recover? Or will the revenues earned from consumers cover the full cost of providing the Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-4757106787464953482026-09-18T05:30:00.000-06:002026-09-18T05:30:00.117-06:00A Day Off!The numbers are getting a little slim, so I’m learning to cherish these birthdays. I’m taking my 68th off.Back in May 1991, at 32, I never imagined I’d still be doing this at 68, or that the work would mean decades of living in such poverty. Yet here I am, and I'm more than willing to accept that I am wrong but I just can't reconcile that with the fact their investors have been similarly ignored Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-58341956423337141632026-09-17T05:30:00.000-06:002026-09-17T05:30:00.188-06:00The Digital Revolution Will Not Wait for Oil & Gas Officers and directors of North American producer firms may soon find the pressure to act becoming impossible to ignore. For years, I have argued that the industry’s financial performance has been inadequate. Now a larger question is emerging: can the industry finance and deliver the energy the continent will need?The expectations are growing. So is the distance between those expectations Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-79010437970379715292026-09-16T05:30:00.000-06:002026-09-16T05:30:00.115-06:00Consider This... AI is the Killer App of IPA technical glitch (user based) left this in Monday's spot for publication, as draft. It is the last post of this series and is not out of sequence by publishing it today. Artificial Intelligence: Intellectual Property as the Killer AppGeorge Sivulka, CEO of Hebbia, made an important distinction in this presentation:Individual Artificial Intelligence breeds chaos.Institutional Artificial Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-80144128245919162822026-09-15T05:30:00.000-06:002026-09-15T05:30:00.121-06:00Debate # 41, AI + IP = Orchestration Consider This… AI + IP = Orchestration — The DebateI’ll begin with the usual caveat: producing these podcasts can feel like herding 100 cats into the same room. Some compromises are inevitable, and at a certain point we publish what we have. The presenters’ ever-changing pronunciation of Synallagi captures the challenge perfectly. Their first attempt is almost correct—a hopeful start—beforePaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-85198839473301807772026-09-11T05:30:00.000-06:002026-09-11T05:30:00.123-06:00Consider This... AI is the Killer App of IP GuardrailsThe Synallagi Targeting Framework will be examined comprehensively in a forthcoming paper within our 21st Century Marketplace Vision series. For this paper's purposes, it is sufficient to establish the guardrails within which it must operate.The Targeting Framework is intended to identify, evaluate, monetize, and distribute a portion of the incremental benefits generated through Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-66622953332310642942026-09-10T05:30:00.000-06:002026-09-10T05:30:00.121-06:00Consider This... AI is the Killer App of IPOrigins and Applications of Synallagi Intellectual PropertySeveral events during the 1990s convinced me that the Information Technology industry’s treatment of Intellectual Property had reached a low point. Software companies—organizations whose revenues, profitability, and enterprise value depended almost entirely upon their Intellectual Property—routinely behaved as though “what’s yours is minePaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-74132940534798800452026-09-09T05:30:00.000-06:002026-09-09T05:30:00.113-06:00An Announcement, We Have Deadlines!Publishing our deadlines gives prospective participants a clearer understanding of where Synallagi stands, what remains to be done, and the commitment required to reach its initial commercial release. Some will consider the schedule ambitious; others will regard it as too comfortable. Both perspectives have merit. The task ahead is enormous, and the pace depends first on securing the resources toPaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-57060320848298265092026-09-08T05:30:00.000-06:002026-09-08T05:30:00.119-06:00Consider This... AI is the "Killer App" of IP Today we have another paper in the “Consider This…” series of relatively short discussions on topics of interest. This one raises several points that people in oil & gas may wish to debate. I’ve opened the blog to comments and welcome that discussion, although I encourage participants to protect their identities. We continue to attract the wrong kind of attention from producer officers Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-69039190842502582832026-09-04T05:30:00.000-06:002026-10-19T18:18:12.221-06:00Security & Access Control - Target Architecture BriefTarget Architecture BriefDate: 2026-08-12The original Security and Access Control specification describes the business objective and vision for the module. The following companion architecture expands that vision into the trust, authority, accountability, cybersecurity, market, artificial intelligence, blockchain, stablecoin, wallet, and implementation concepts required to support Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-3654746978281857862026-09-03T05:30:00.000-06:002026-10-19T18:18:12.221-06:00Security & Access Control - People, Ideas & Objects and Oracle CorporationDate: 2026-08-11PurposeSynallagi is based on Oracle Cloud Enterprise Resource Planning and the related capabilities of Oracle Cloud Infrastructure. This provides People, Ideas & Objects with a current, secure and extensible foundation for financial management, procurement, projects, identity, access governance, integration, data protection and cloud operations.The purpose of this relationshipPaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-80058535951578220212026-09-02T05:30:00.000-06:002026-10-19T18:18:12.221-06:00Security & Access Control - Architecture BriefArchitecture BriefDate: 2026-06-27This brief establishes the target direction for the Security & Access Control module and defines the architectural structure through which its business vision is to be implemented. The module is a central specification for trust, authority, accountability, cybersecurity, markets, transactions, artificial intelligence and cross-organizational participation in Paul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-91093475328389485692026-09-01T05:30:00.000-06:002026-10-19T18:18:12.221-06:00Security & Access Control - Conceptual ModelConceptual ModelDate: 2026-06-271. Design intentSynallagi operates across organizational boundaries. A person may work for one producer, represent another party under contract, participate in several Joint Operating Committees, perform a specialized duty for a limited period, support a marketplace, and possess different authority in each context.A conventional statement such as "assign the user aPaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0tag:blogger.com,1999:blog-20330273.post-32990725132908137692026-08-31T05:30:00.000-06:002026-10-19T18:18:12.221-06:00Security & Access Control — Business and Technical Specifications. Part INote to Our User CommunityThis specification represents the beginning of the development process rather than its conclusion. It establishes the purposes, operating concepts, essential capabilities, responsibilities, controls, and architectural boundaries presently understood to be necessary for Synallagi. It does not contain every requirement that developers will eventually need, nor should it bePaul Coxhttp://www.blogger.com/profile/18311415353913869734noreply@blogger.com0