NAPE Observation: every landman that ever bought a lease from 2005-2015 is now a mineral buyer. There are no more leases to buy + consolidation means less in-house jobs. Direct evidence: 800+ attendee’s at Tim Pawul's M&M happy hour. If Tim continues this CAGR trajectory, he’s going to need to rent the George R Brown Convention Center next year. Maybe the 5 operators left by then will just switch with him and host NAPE at El Tiempo.
John Rojas
8mo
Steven Hatcher AI can transform the role of landmen in oil and gas amidst industry shifts towards mineral buying and consolidation. Here's how: Data Analysis: AI can swiftly process vast data sets, aiding landmen in pinpointing valuable mineral rights efficiently. Predictive Analytics: AI's forecasting capabilities can inform landmen's decisions on acquiring mineral rights in a competitive market. Due Diligence and Document Management: AI enhances due diligence by automating the verification of ownership and lease obligations. It can also read and scan leases, extracting crucial clauses for data use, and ensuring important details are not overlooked. Embracing AI enables landmen to navigate a landscape marked by fewer lease opportunities and greater consolidation, turning challenges into opportunities through innovation and efficiency.
Hunter Kennedy
8mo
Steven Hatcher I wholeheartedly agree with this! Yet, as more mineral and royalty interests make their way up the chain to your "mineral consolidators" I feel like there is less and less for the independent buyers to compete over. Short of a major exploration discovery that unlocks a new area, I can't help but think landmen are quickly heading towards a "thinning of the herd".
President - Minerals & Royalties Authority LLC
8moHaha this is funny… While it is true that the Minerals space is getting more competitive, it is also true that there is still lots of opportunity left. Unlocking that opportunity will rely on technology innovation, operational & tactical efficiency, financial engineering, and execution during windows of opportunity that get created by macro trends & black swan events. The days of just calling land owners and getting the low hanging fruit are over but so is true of any industry that starts to mature. I get a front row seat to all of the strategic innovations in our space and continue to be amazed with how smart people continue to create value for their investors. I look forward to see the upcoming innings of minerals and what new innovations will continue to emerge in the market.