Ten Thousand Miles
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Episode 23 - What Really Happens In Oil and Gas - Paul Treadwell
Paul Treadwell, an experienced professional in the oil and gas industry, shares his journey and insights with Vic Pepe. They discuss topics such as starting and growing an oil and gas company, the impact of political factors on the industry, the role of mineral rights and working interests, and the challenges and rewards of being in the public sector.
Paul also explains the responsibilities of production operations and production engineering in getting oil out of the ground and maintaining wells. The conversation explores the topic of mineral rights and the potential wealth that can be found in unclaimed property and suspense accounts. It highlights the process of locating mineral owners through court records and the significance of suspense accounts in the oil and gas industry.
The conversation also touches on the importance of mineral rights in America and the economic benefits they bring, such as job creation and tax revenue. The hosts share personal stories and anecdotes related to mineral rights and discuss the misconceptions surrounding the industry, including concerns about water contamination.
The conversation concludes with a discussion about historical sites and graveyards found on properties in Texas. In this conversation, Paul Treadwell and Vic Pepe discuss their personal experiences and insights on work, leadership, and creating a positive work culture. They emphasize the importance of treating people right, hiring talented individuals, and fostering a work environment that is enjoyable and motivating. They also discuss the Sunday test, which is a way to gauge how people feel about their work and ensure that they are not feeling stuck or stressed on Sundays. The conversation highlights the power of positivity, resilience, and finding opportunities for growth and improvement.
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