Digital Innovations in Oil and Gas with Geoffrey Cann

Oil and gas operators have always known that surplus equipment is part of doing business. Projects get cancelled. Long-lead items are over-ordered. Assets are parked in yards, warehouses, and sea cans "just in case." Over time, those decisions quietly turn into idle capital sitting on balance sheets, often forgotten until space runs out or write-downs loom. What's changed is the cost of ignoring it. Tight capital markets, tariffs, long lead times, and supply chain friction make surplus harder to justify. At the same time, operators face pressure to improve capital efficiency, demonstrate sustainability, and recover value from assets that still have useful life. Leaving equipment to rust is no longer neutral. It is a choice with a price tag. There is, however, a better way. With the right data, photos, documentation, and market reach, surplus assets can be exposed to real demand, often well beyond the local buyer network. Digital marketplaces create price discovery, expand the buyer pool across industries and geographies, and turn forgotten inventory into cash, faster than expected. In this episode, I'm joined by Xochi Schumann, an account executive in the Energy Division at Liquidity Services. We talk about why surplus builds up, why data really is money, how digital marketplaces like AllSurplus change recovery outcomes, and why many operators are discovering real value hiding in plain sight. #Surplus #InvestmentRecovery #AssetRecovery #CircularEconomy #OilAndGas #FleetManagement #AssetDisposition 🗣️ About the Guest Xochi Schumann is an account executive with Liquidity Services, working in the Energy Division. She brings more than 30 years of oil and gas experience, including a decade in operations at a turnkey drilling company, where inventory management was a core responsibility. That background gives her a practical, operator-level view of how surplus builds up and how it can be monetized. Today, she helps energy companies convert surplus equipment into liquidity through AllSurplus' global digital marketplace. 🔗 Connect with Xochi Schumann LinkedIn: https://www.linkedin.com/in/xochis email:  Xochi.Schumann@liquidityservices.com website:  https://liquidityservices.com/energy-surplus-asset-sales Liquidity Services: https://www.linkedin.com/company/liquidity-services-inc AllSurplus: https://www.linkedin.com/company/allsurplus ⚒️ Additional Tools & Resources: 🎬 Go backstage and check out my studio: 👉 https://geoffreycann.com/mystudio/ 🎓 Take my one day digital strategy training course for oil and gas: 👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185 🔗 Connect with Me: 🖥️ Blog series: https://digitaloilgas.substack.com/ 🎧 Podcast: https://geoffreycann.com/broadcast/ 📇 Linkedin: https://www.linkedin.com/in/advocate-digital-innovation-for-energy/ 🤬 X: https://x.com/geoffreycann 🎤 Contact for Lectures and Keynotes: I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/ ⚠️ Disclaimer: The views expressed in this podcast are my own and do not constitute professional advice.