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.
Five different inters ask: “So how long have you worked for Oil Co?”
Three respond to your answer with: “You likin’ it?”
Two say, “Awesome” while nodding their heads
One of my followers doesn’t want to retire
38 years old with a wife and kids
Makes $320k as a landman
Spends $130k/year
Here are his assets:
$60k cash
$700k 401k
$400k Roth IRA
$1.5 million home
Ford Raptor at 23% APR
Owns 6 rentals with net monthly income of $5k
Inherited mineral rights currently paying him ~$17k/month
What advice do you have for him?
One of my followers wants to retire
48 years old with zero debt
Doesn’t want marriage or kids
Makes $215k as a CPA
Spends $90k/year
Here are his assets:
$40k cash
$275k 401k
$150k Roth IRA
$1.2 million home
Inherited 5 rentals worth $2 million
Net rental income is $8k/month
He’ll be reading the replies
What advice do you have for him? 🤔