We're a second generation family office with a specialty in oil and gas and energy
investing. We've been around for about 30 years. About five years ago, we started
really taking on more outside capital as the second generation of the family kind of
took over. And over the last three years, we've gone full cycle on multiple projects
and are really excited kind of about the future. We specialize,
Like I said, in the oil and gas and energy space, we have a few investments right
now in North Texas where our offices are located and we're even looking and dabbling
a little bit in the carbon credit space. So really exciting. I think there's a lot
of real interesting stuff going on in the overall energy business from a niche
perspective. Yeah. Tell us a little... I mean, coming off of Jay's speech, it's kind
of cool to go right into it a little bit. Tell us your thoughts on the industry
as a whole. Yeah. >> Yeah, I think it's right for disruption right now. I think,
you know, with the new administration, the question that the gentleman asked right
there about where prices will go, I think it's on everybody's mind. I usually like
to take a step back and say, if you're worried about where prices are going as
from our side of the business as an operator, you're not really thinking too long
-term. You know, we've seen prices drop, say, $2 in the last, you know, five days.
If that completely changes your underwriting metrics, you know, from my seat kind of
in the finance side, you know, you're not really going about picking your projects,
right? I should be able to pick a project that I know I can develop for the next
five years with a huge band of prices. Obviously, if we went to negative $5, no
one would be drilling, but I should be able to produce all the way down to the
load of mid -40s if I'm going to really, if we're really going to sink our teeth
into a project. When you reflect back to, say, the early 2000s when,
you know, in late 90s, early 2000s, when the price of oil was with $24 barrel
roughly, like, how do you see, that's obviously a world away.
What would precipitate something like that happening again? I guess the economy being
really slow for the next five years. I guess coronavirus too, maybe. What's funny
about that is that's the perfect time to buy assets, though. It's, you know, when
prices or so low, you can come get something at, you know, 30, 40 % asset value,
especially for like family office like us that is always sitting on deployable
capital to these assets. So if we do see one of those events again,
you know, we grew 3x during that time because we're able to acquire properties at
very low, low valuation. So not that we want something like to happen, but if we
did, we're primed and ready to go.