[REPOST (December 2014)] The Future of Landmen With Lowering Oil Prices

This is a [REPOST] of a story that originally appeared on LandmanLife.com on December 30th, 2014. I have not done any editing to the original content…


This seems like a great time to review the landman business in 2014 since the year is coming to an end. People talk about the “ups and downs” of the oil business, but a lot of you are too young to really know what the bottom is like. If you still have a job right now, make sure to do everything in your power to keep it, because the bottom isn’t here yet. We started 2014 with oil prices hovering around $105 a barrel. As Brad Pitt’s character says in the movie Inglorious Bastards, “business is a booming.” I had spent the year working for a small company of about 9 people, 7 of them being landmen. The biggest benefit of working for such a small company was job security. Our broker had worked a deal with a small producer to have our company in essence function as their land department. We’ll call that small producer “Enerplay.” Anyways, Enerplay kept at least 5 of our landmen busy at all times, and we usually had 2 landmen working on small projects for other clients. I spent half of the year working on prospects for Enerplay and the other half working on a small project for another client, let’s call them O.N.E. which stands for Obviously Not Experienced.

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