@OilCoInterni
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Oil & Gas Landman and corporate culture expert. Summer house on Kharg Island.
Boomtown, TX
Joined May 2024
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Pinned Tweet
Today I met with a BD “director” at a small PE-backed operator in the Permian hoping to farm into Oil Co’s Tier 4 acreage.
I made time for him between learning modules about Oil Co’s core values.
He offered us a full ride with 50% back-in APO.
I didn’t know what APO meant.
The lease had a continuous drilling clause we couldn’t meet. I was unfazed.
I asked him if he had visited Cowboy Prime. He had.
He asked me if I had looped in my boss about this deal. I hadn’t.
Protecting company assets isn’t just about experience. It’s about relationships.
A friend of mine drilled a water well in his backyard a few years ago (Midland)
A true wildcatter (no producing water wells within 2 blocks)
Cost him ~$13k (no rig contract, flat rate)
Saves ~$2,800/yr on lawn irrigation (near zero LOE)
Can someone with a finance background calculate his months to payout?
Operator: I got a guy out here wanting to talk to the landman.
Landman: Alright, what’s his name and where are you?
Operator: You know the old well pad by the Smith silo? Just up the creek from there.
Landman: What?
Operator: Just off the county road by where we repaired that lease road last week.
Landman: This company holds over one million acres of leasehold across the continental United States, you’re going to need to be more specific. Can you give me a legal?
Operator: Well he looks legal to me.. I mean he’s white if that’s what you’re asking.
Landman: what’s your location going to be?
Me: -101.81116, 37.92590 epsg 4269
Landman: no, I need the spot
Me [confused]: um, it’s in sw ne nw
Landman: the spot?
Me: C E/3 N 5/8 SW NE NW?
landman: HOW FAR IS IT FROM THE LINES?
me [panicking, looking for lines]: it’s like 50 paces west of what looks like an old dirt road, south of the creek.
landman: ok thank you. We’ll clear title
Oil Co Intern retweeted
It’s that time of year again. Putting the word out for non-op.
Looking for:
• New well participation opportunities
• HZ only
• Prefer wells planned to spud this year, will consider 2027
I pay commissions.
DM me.
My manager gently setting down their phone after receiving the call where they find out their best employee is leaving
My wife when I show her the settlement agreement that makes our newly acquired acreage exempt from processing fees and bumps gas revenue by $0.07/MCF