Jack McClendon
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, sure.
Thanks for having me on.
Yeah, we're just a small independent oil and gas producer.
So we operate in the part of the segment called the upstream oil and gas industry.
So that is the actual direct companies that extract the hydrocarbons from the ground.
And so, yeah, our business is a little bit different from a lot of the publicly traded companies that you see, you know, the Exxons and the Diamondbacks of the world who are drilling kind of horizontal shale wells.
There are many more companies that are much more similar to mine.
The horizontal shale game has largely become the domain of very large companies.
I mean, you've got to have scale to be able to operate in that space.
We're largely a production company.
So the way to kind of think about it is we buy assets that we think are undercapitalized, underappreciated, try to squeeze a little bit more juice out of each producing well and try to get costs down.
Although there are smaller companies that do do drilling and we have drilled in the past and we will likely drill in the future as well, too.
Yeah, you could you could say that.
I mean, a lot of just as I said, a lot of the assets that we're targeting are just they're just too small.
You know, they're rounding errors, you know, on the balance sheets of these large shale companies who, you know, are buying tens of thousands or hundreds of thousands of acres and drilling, you know, two to three miles under the ground.
So it's just we produce the same product.
It's just a very different business.
I'm going to correct you quickly and then go back into context.
It's not a shale business.
OK, sure.