Pete Ferrell

Well, think about the investments that we make in farming and ranching and our equipment. We want to know. the longevity of that when we get the payout and we, we do the math on that. And so this was an example of that, of that investment. So,

Well, think about the investments that we make in farming and ranching and our equipment. We want to know. the longevity of that when we get the payout and we, we do the math on that. And so this was an example of that, of that investment. So,

Well, think about the investments that we make in farming and ranching and our equipment. We want to know. the longevity of that when we get the payout and we, we do the math on that. And so this was an example of that, of that investment. So,

Well, Yeah, you've got a lot in there. Let's unpack that. First of all, Sandy, who developed the company, literally sold it to a developer who could build it because he didn't have the multimillion-dollar balance sheet. So he sells it, and he told me he was going to do this, by the way. He said, look, I'm a primary development here. He revealed his financial status to me.

Well, Yeah, you've got a lot in there. Let's unpack that. First of all, Sandy, who developed the company, literally sold it to a developer who could build it because he didn't have the multimillion-dollar balance sheet. So he sells it, and he told me he was going to do this, by the way. He said, look, I'm a primary development here. He revealed his financial status to me.

Well, Yeah, you've got a lot in there. Let's unpack that. First of all, Sandy, who developed the company, literally sold it to a developer who could build it because he didn't have the multimillion-dollar balance sheet. So he sells it, and he told me he was going to do this, by the way. He said, look, I'm a primary development here. He revealed his financial status to me.

He says, I will sell this to somebody who has – literally a billion dollar balance sheet who can build it. And sure enough, one company built it and within a year it was sold to another company. That's why if I have one thing to say with your listeners is that, boy, you really need to do your homework on the agreement. And if I were doing it,

He says, I will sell this to somebody who has – literally a billion dollar balance sheet who can build it. And sure enough, one company built it and within a year it was sold to another company. That's why if I have one thing to say with your listeners is that, boy, you really need to do your homework on the agreement. And if I were doing it,

He says, I will sell this to somebody who has – literally a billion dollar balance sheet who can build it. And sure enough, one company built it and within a year it was sold to another company. That's why if I have one thing to say with your listeners is that, boy, you really need to do your homework on the agreement. And if I were doing it,

I wouldn't do what I did, which is I would sign with somebody who had a well-known reputation so that probably they will hang on to it. I would probably sign with a pretty big company, and boy, I would do exactly what I did. Go talk to a landowner who is doing business with them because they'll tell you the truth. They'll tell you what's really going on.

I wouldn't do what I did, which is I would sign with somebody who had a well-known reputation so that probably they will hang on to it. I would probably sign with a pretty big company, and boy, I would do exactly what I did. Go talk to a landowner who is doing business with them because they'll tell you the truth. They'll tell you what's really going on.

I wouldn't do what I did, which is I would sign with somebody who had a well-known reputation so that probably they will hang on to it. I would probably sign with a pretty big company, and boy, I would do exactly what I did. Go talk to a landowner who is doing business with them because they'll tell you the truth. They'll tell you what's really going on.

Well – From me or from them?

Well – From me or from them?

Well – From me or from them?

No offense to your listeners, but I'm not a very mechanically minded person. I mean, if it doesn't bleed, I don't get along with it. And so that's just my take on the world. And because of those deep roots I described earlier, it seemed, it was just really uncomfortable. Well, okay, let me back up even further.

No offense to your listeners, but I'm not a very mechanically minded person. I mean, if it doesn't bleed, I don't get along with it. And so that's just my take on the world. And because of those deep roots I described earlier, it seemed, it was just really uncomfortable. Well, okay, let me back up even further.

No offense to your listeners, but I'm not a very mechanically minded person. I mean, if it doesn't bleed, I don't get along with it. And so that's just my take on the world. And because of those deep roots I described earlier, it seemed, it was just really uncomfortable. Well, okay, let me back up even further.

Our family has a very unsatisfactory history with extraction of oil, which is almost completely gone on this ranch. And quite frankly, there had been an extraordinary amount of abuse from the oil companies once they leased, you know, the spillage, the damage, the rutting. So I had a bad taste in my mouth from that experience. And my family benefited.

Our family has a very unsatisfactory history with extraction of oil, which is almost completely gone on this ranch. And quite frankly, there had been an extraordinary amount of abuse from the oil companies once they leased, you know, the spillage, the damage, the rutting. So I had a bad taste in my mouth from that experience. And my family benefited.