Anonymous wrote:
Anonymous wrote:Here is a quick overview of the different types of players in O&G:
Wildcatters with varied backgrounds like Harold Hamm. They are a dying breed because the fields have all be found for the most part.
Educated CEOs and C-levels brought on or promoted to lead companies (large and small, public and private, downstream, upstream, midstream, etc. )
Individual land and mineral rights owners who have had the assets in their families for generations or who have purchased them in a fire sale when oil prices were very low. Yet to sell them to companies. Educational backgrounds also varied.
The net worth of all the above range from the billions to seven figures and they are numerous all over Texas, OK, LA, NM.
None of the above includes the industry specific workers like landmen, oilfield, geologists etc., or the normal corporate types. They all can make bank too but it is very cyclical and dependent on geopolitics.
Many executives and their families moved from the east coast in the 50s and 60s to strike it rich in the oil fields, including WASPs like George HW Bush.
What’s the obsession with this topic???? Please start your own thread rather than derailing this one.
- A Texan whose o&g royalties fund our lifestyle, including private school tuition. I don’t really give a fig where my kids go to college, as long as they’re happy and most of my wealthy friends don’t either.
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