November 24, 2023 • 56 mins
Ready to uncover the ins and outs of the American oil industry? Join us on an enlightening expedition as we sit down with RJ Burr, the CEO and President of Panex. With his deep-rooted family history in the oil business, RJ brings to the table a wealth of knowledge and unique insights about the industry that fuels the daily lives of countless people.
The recent economic crisis and pandemic have raised many questions, but also presented numerous opportunities. RJ shares his voyage of securing 1400 acres surrounding the strategic petroleum reserve, a potential goldmine of 100 million barrels of oil. We also navigate the challenges and opportunities of oil and gas investments, revealing the key factors that can make or break an investment.
Lastly, we take a detour to explore the evolving landscape of American politics. We discuss the deepening divide between small towns and larger cities, the country's gradual tilt to the left with each new president, and the role of the media and 'rhinos' in fueling this divide. With the current state of the nation under the microscope, we reflect on its potential impact on future generations. Step aboard as we set sail on this intriguing journey to understand the American oil industry and its intricate ties to our lives.
To Learn More About RJ Burr:
1. https://www.panex.us/
2. https://www.linkedin.com/in/rj-burr-06a609162/
To learn more about Jonathan's recession resilient mobile home park real estate Fund, as our next Fund raise is $50 million only for accredited investors: https://www.midwestparkcapital.com/
To learn more about Jonathan's highest level business growth consulting and fractional CMO services. And upcoming group zoom entrepreneur masterminds:
https://www.revenueascend.com/consulting/
Sign up to get on the list for the World's Most Exclusive Social Networking App: https://www.prestigesocialapp.com/
New Kava beverage, it's buzzy not boozy (sign up to potentially win a year supply for free):
https://www.drinkwowipop.com/
To those looking to potential exit or sell their business or talk about potential business roll up partnerships:
https://www.businesscashout.com/
https://linktr.ee/jonathantuttle
#privateequity #entreprenuer #venturecapital #sovereignwealthfund #capital #businessgrowth #startup #entreprenuership #accreditedinvestors #familyoffices #UHNW #billionaire #centimillionaire #PetroleumIndustry #AmericanOil
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Once we took their 3D size and laid it on top of all
the rest of the data we had, allof a sudden I'm like damn, hang
on.
There could be 100 millionbarrels sitting out here in this
field.
We'll put a number on that.
It's $80 oil.
That's $8 billion in the groundright there.
That we got for pennies on thedollar.
Now it's going to cost us $200,$300 million to develop the
(00:22):
entire thing.
Speaker 2 (00:25):
Welcome to the Ultra High Net Worth Podcast, which is
a global community of the mostsuccessful and their insights.
We want our families toflourish, collaborate and create
a better world for all.
This podcast is a trustedresource to learn from each
other, navigate the mostimportant global issues and find
life-changing opportunities.
I'm the host, jonathan Tuttle,the founder at Midwest Park
(00:49):
Capital, a boutique mobile homepark real estate fund.
Revenue Send, a leading digitalconsulting and fractional CMO
agency.
Business.
Cash Out, a boutique M&A firmfocused on service-based
businesses, and a part of thefounding team at Wallipop, a
mood enhancing cove of beverage.
This episode is sponsored byPrestige, the world's most
(01:10):
exclusive social networking app.
All links are in the show notesbelow.
Enjoy the show.
Please like, comment and sharethis podcast with your friends.
Thanks for listening.
Welcome back to the Ultra HighNetwork Podcast and today I have
a fantastic guest.
That's really timely.
What's going on in the world?
(01:30):
Rj Burr, from CEO and presidentof Panix, a third generation
producer of American Oil.
Welcome to the show.
Speaker 1 (01:38):
Good to be here.
Speaker 2 (01:40):
Thanks for being on the show.
We had a great conversationahead of time, so I'd like you
to describe your background inthe oil business.
Speaker 1 (01:49):
Well, jonathan, I was in oil really before I was born
.
My grandpa was in the oilfields, my uncles were in the
oil fields.
Now I kind of have a uniquefamily in the fact that my mom
is a baby boomer, yet herclosest older brother was 21
years older than her and heroldest older brother is 26 years
older than her, and so myuncles are kind of like my
(02:10):
granduncles, and so my grandpawas in it, my uncles were in it,
my cousins were in it, my dad'sbeen in the business, and so
this is all we've ever done.
I was on my first oil rig whenI was seven and I was hooked,
graduated high school 18, threemonths later, made my first sale
and haven't stopped since then.
Speaker 2 (02:30):
It's all really all I've ever done, love it.
Yeah, we were talking aboutkind of give us, like, what are
some of the products like ifpeople not familiar, how much,
how reliant are we on oileveryday?
Because I think this isfascinating.
Some people might be prettyfamiliar, but can you just kind
of give a background on some ofthe products that is made from
oil?
Speaker 1 (02:48):
Yeah, well, I mean, you look at it, oil is.
For the last hundred years ithas become so ingrained in our
lives that it's kind of likebreathing.
You don't realize you're doingit and how important it is.
But if you stop all of a suddenyou realize how important it is
.
Well, oil, from plastics tomedicine, to cosmetics, to I
(03:10):
mean, if it has poly in it,that's oil.
And so I mean you look at everyfacet of our lives.
I'm a firm believer that youcould grab, like I was telling
you a minute ago, you could justreach out and randomly grab any
person in America at any pointin time and they would have a
couple of oil products on.
It's not just fortransportation, it's not just
for energy, it's for what?
(03:31):
6,000 products from one barrel.
It's interwoven into our lives.
And whoa, you want to see yourlife without oil?
Heck, you can go to our website.
It's panxus-lash-learn.
We got a video on there calledA Morning Without Oil.
That just kind of gives you anidea of how you'd be going back
to the Stone Age.
Essentially, you look at what'sgoing on in the world right now
(03:53):
.
Call that German town thatclear-cut their forest for wood
and ask them if they want theirnatural gas pack.
I mean, it's in our lives.
Speaker 2 (04:03):
Yeah, it's pretty fantastic how many products we
made.
I was surprised I saw the chartand you mentioned panics or
alluded to that Kind of give usa little background about your
company and what you guys do,what you're trying to accomplish
.
Okay.
Speaker 1 (04:16):
Well, I like to say we've been in oil pretty much my
entire life.
Panics is basically our secondlife in oil, when internally we
tell little stories and all that.
Well, our first life in oil.
Well, hang on, let me pause onesecond.
We've built a philosophy on oiland it's not academically
(04:38):
driven, it's just basicallyexperienced driven the American
oil patch.
Most people aren't aware thatthe American oil industry is
essentially 9,000 independentproducing companies that average
12 employees or less.
We produce 83% of the oil and90% of the gas and drill more
than 90% of the wells.
That is your American oilindustry.
The reason I say that is one,that's our competition, but two.
(05:02):
For the most part, every one ofthose companies.
When they started they startedby doing what we call chasing
oil.
That means they have a guywants to be an oilman.
He goes out, finds him aprospect, raise some money and
he goes and drills the well.
For 99.9% of them that's theend of it.
They miss the well, they can'traise any more money out of
business.
(05:22):
Sign goes in the front window.
Well, for the few that hit thatwell, they found what we call
job security.
Their job is secure as long asthey have wells on that field to
develop the oil they found.
Now, while they're developingit, they'll look for another
lily pad to jump to.
When they're done with this one, they'll jump to the next one.
A successful oilman will lookback 50, 60 years later.
(05:43):
He's 70, 80 years old.
He's found five, maybe 10,maybe 15 of these lily pads.
He's been extremely successful.
He's made a lot of money.
His partners have made a lot ofmoney.
However, he spent his wholecareer chasing oil.
What I mean by that is everylily pad he found and went to.
He had the perfect amount ofoil to produce all of that oil
(06:04):
to keep his machine going.
At the end of the day, hewasn't able to utilize that oil
to acquire anything else otherthan wealth for his partners and
himself.
The rarest event I believe inoil and gas is when a company
jumps from that chasing oilstage to the producing oil stage
.
Really, there's only twodifferences when you're in that
producing oil stage.
One when you drill a well, youknow the oil's there Doesn't
(06:29):
mean you're going to hit it.
You still have to mechanicallydrill it.
It's still a risky business.
Don't let anybody ever tell youdifferent.
However, you know the oil'sthere when you're drilling.
Now the second and moreimportant factor is you have
acquired enough reserves thatyou can utilize those reserves
to acquire more reserves.
Now you are truly in the oilbusiness.
(06:51):
When a company gets to thatproducing oil stage, typically
one of three things will happen.
They'll be the one stay private, everybody's making so much
money they just keep riding themachine out.
Two they go public.
Three a major comes and buysamount.
Now the reason I tell you thatis our first life in oil ended
about 13 years ago when MarathonOil bought my family's company.
(07:12):
This is the second time myfamily has got to the producing
wall stage.
So with this company, withPan-X, we started it here.
Seven years ago, marathonbought our family's company and
basically entered into earlyretirement.
I thought I was going to play onthe PGA Tour and took me about
six months to realize I'd neverhad that game.
It was seven years ago.
(07:37):
I snapped, hooked one off 18.
Didn't even go get the ball,went through my club in the bag,
drove to my truck, threw myclubs in the back, drove to my
dad's house.
Just happened.
My brother was there.
I said guys, it's time to goback to work.
That I'm going stir crazy.
I love making money.
I love wool.
Thank God, they were bothfeeling the exact same thing.
(07:58):
That was when we cranked up.
It was seven years ago, thispast July.
From that point, we knew thatwe would climb to the top of the
mountain.
We're good at what we do.
We've been doing this a while.
We're not guessing at it.
However, we didn't know exactlywhat path we'd take.
What we saw coming was we saw.
Whether you like President Trumpor not is irrelevant.
(08:20):
What he did by increasingAmerican production to the
levels he did, he made OPEC forthe most part, irrelevant when
it came to setting prices.
Well, if you know the historyof oil, opec was brought in in
the 60s to counter the power ofthe Seven Sisters, the monopoly
of oil back before the 60s.
Well, for the last 60 plusyears, opec has essentially
controlled power.
(08:40):
That's what's happened.
Now that we've cut ourproduction Watch, you have that
meeting here in about a week ora couple of days where OPEC's
expected to cut their productionunder another million barrels a
day.
What do you think that does tooil prices when demand is rising
?
And so all of this has put OPECback in charge.
But what President Trump haddone is he had made OPEC
(09:00):
irrelevant.
Well, what we saw is we sawRussia and Saudi Arabia cutting
production and basically forlack of a better term in an
economic war on the American oilindustry, because what we saw
was them pushing the price down.
Because the dirty little secretis, most of your shale
companies need at least $50 abarrel to pay their bills.
Everything over 50 is wherethey made their money, and so if
(09:23):
they could push the prices downto $40, $45 a barrel, all of a
sudden these companies are introuble because they can't pay
their bills.
Now, the other side of thatdirty little secret, russia and
Saudi Arabia need 50 also, andso we knew it wouldn't be a
permanent, because they neededall.
However, we were willing to betthat they could outlast the oil
companies.
Well, when that happened, anacquisition opportunity would
(09:44):
present itself, and so that'sreally what we were looking at.
We were getting ready for it.
When you look at all the chaosin American history and you look
at the people that when theeconomic crisis happened,
there's always a group of themthat come out of the other side
looking like geniuses, and whenyou string their stories
together, there's really onlytwo common factors that hold
them all together One.
(10:05):
When the crisis happened, theyhad cash on hand, they were
liquid, they could do something.
More importantly, when theiropportunity presented itself,
they didn't hesitate, theypushed their chips in the table,
and they go after it.
And so that's what we weredoing.
We got our cash ready, we weregetting ready to begin this
phase and then, all of a sudden,covid hit.
And when COVID hit, it tookwhat we thought would take 18 to
(10:28):
24 months to play out andcrunched it down into 30 days.
And that culminated on April 20, 2020, when the oil market
crashed.
And so that moment in time, theopportunity it created, is
really.
I'm shocked that nobody else istalking about it.
I really am, Because whathappened when prices crashed?
(10:50):
If you went out and asked theaverage person hey, what was the
effect on the oil industry whenprices crashed in 2020?
Most of them will say, ah, it'sExxon, ah, it's Shell, they can
handle it.
Well, yeah, they can handle it,but they weren't the ones that
were really hit.
It was your independentproducers in America that were
hit.
You're a company that averaged12 employees or less.
(11:11):
So, all of a sudden, on April20th, prices crashed.
The first wave of companieswiped out were your newer
companies, your companies thatwere on shaky financial ground
to begin with.
Boom out of business, sign inthe front window.
The next wave that got knockedout were a couple months later.
Remember when we sent everybodyhome for COVID.
The companies that could paytheir employees more to get them
(11:32):
back out than the governmentwas paying them to keep them at
their house, those companiesmade it.
The companies that couldn't paytheir field hands enough to get
out there and produce the oil,they were the next wiped out,
and so you had an acquisitionopportunity happen that really
I've been doing this 30 yearsand I've never seen it like this
, and we have.
(11:54):
I was talking to my brother lastnight.
We have at minimum five peoplea day calling the office
offering us to come in and buytheir product Because people are
hurting right now and companiescan't raise.
Evidently there's companiesthat can't raise money to go
drill their prospects and sothey're scrambling, and so we're
not going out there scabbingpeople.
We're going out there andbasically and for the most part,
(12:14):
if we buy somebody's reserves,we give them a chance to buy it
back from us.
We don't want to put them outof business.
However, we're not going to dosomething where we lose money.
And so we've been slowlyacquiring properties and since
that point in time we've made Ithink it was 23 different
acquisitions.
We've secured right at 1400acres around.
Well, when you hear the newstalk about the strategic
(12:37):
patrolling reserve, that's oursalt belt.
We own the roughly the 1400acres surrounding it and when we
originally bought it we thoughtthere was probably 15, 20
million barrels to recover andthe numbers we ran.
We're completely fine with that.
Well, then we got out andstarted looking at it and once
we we were the first companythat came out.
(12:58):
This field was originallydiscovered back in 1926.
We were the first company tocome out and we gathered every
bit of data.
There was roughly 40,000different data sets on this
field that had been created overthe last 100 years.
We digitized them and put themin one spot where we could lay
them over our geology.
Well, once we did that, welooked at it and we're like holy
crap, there could be 50, 60million barrels out here.
(13:22):
Well, the last piece of thisstraw was a 3D seismic.
We got in touch with thestrategic patrolling reserve.
We knew they'd shot 3D seismicon the property.
They shot it to see where thesalt ended.
Well, we asked them if we couldsee it so we could see where
the salt ended too.
So we didn't drill into theirsalt.
Well, once we took their 3Dseismic and laid it on top of
all the rest of the data we had,all of a sudden we're like,
damn, hang on.
(13:42):
There could be 100 millionbarrels sitting out here in this
field.
We'll put a number on that.
If $80 oil has $8 billion inthe ground right there, we got
for pennies on the dollar.
Now it's going to cost us $200,$300 million to develop the
entire thing.
Well, let's say we're wrongFive times over.
(14:05):
That's still making us on that200, 300 million investment.
It's still making us 45 to 100money.
So it's when you sit down andput a pencil to it.
That's what we're trying to do.
I was telling you earlier myoffice here there's really work
at the main home office.
There's typically five peoplehere at all time.
Now we have about 30 people outworking in the field.
(14:27):
Our fields are down inLouisiana, but in the main
office there's about five peoplehere.
We could keep doing what we'redoing, keep funding programs the
way we're funding them, andright off into the sunset we got
enough wells to drill for thenext 30 years.
We got enough reserves.
We've got plenty of oil for ourkids.
When we're longing on and theold market's going to be such
that our partners are going tomake a killer, well, we're going
(14:48):
to do that anyway.
So we're trying to expedite thisand we're trying to expand our
partner bases as much as we can,because I know when you put
your hard-earned investmentdollars with somebody, that is
the most sacred decision you canmake in the business world.
You've taken what you spentblood, sweat and tears earning
and you're trusting somebodyelse with it.
(15:10):
Well man, I don't take thatlightly.
Like I said, I've been doingthis a long time and I know that
without my partners I don'thave a business.
So I know that if I canconvince people accredited
investors to give us a shot, toheck stick their big toe in the
pool and let us show you what wecan do.
Once we win for you, we won'thave to ask you to get serious
(15:31):
next time.
You'll want to get serious, butwe won't ask you to get serious
until we win for you.
Once we show you what we can do, then you'll have no
reservation.
But the quicker we can fundthis.
The quicker we can developthese reserves, the quicker my
partners can make money, thequicker you can make money.
But, more importantly, we canacquire more properties Once we
(15:54):
take care of the funding.
On this development.
Now we've got eight salt domeswe're looking at right now.
Well, let's say these saltdomes are half of what the
Choctaw is.
Realize we'd have reserves,almost half a billion in
reserves at that point.
Well, there hadn't been, as wewere discussing, there hadn't
been a major public oil and gascompany built on strictly
(16:15):
American oil.
In almost 40 years it'shappened one time, but that was
when two companies merged.
So I really don't count that.
They didn't build, they mergedto be there.
Well, we have a chance to do it.
Somebody is going to come outand consolidate this oil.
Somebody's going to do it.
The opportunities are.
I cannot.
I can promise you, this goodold boy here in Bowling Green,
kentucky, is not the only onewho sees it.
(16:35):
And so somebody is going tocome out and consolidate this
oil.
Well, honestly, if it's goingto be done anyway, I'd much
rather be done by people whoactually care what happened to
it, and so that's why we'redoing it Head first.
Now, if we shoot for the starsand hit the moon.
And let's say we build acompany that has a quarter of a
billion reserve bank.
(16:55):
That's still pretty solid, Iwouldn't turn that away.
That's still several billion inreserves.
And so we're just, we happen to, we're very fortunate.
I'd love to say we're rocketscientists and we pre-planned
everything.
No, we're pretty smart guys andwe just happen to be in the
right place at the right timeand we're looking for the.
We know what we're looking forand it just happened to be there
(17:19):
.
And so now we're just now thatwe've oh, what's the easiest way
to say it We've already hit oureight run, home run.
We don't need to do it again.
All we have to do is hitsingles and dollars.
From this point on, and everypartner we have make more money
than they can spend.
But if people want to learnabout, just like I said, our
website is probably the easiestpanxus and panxus slash learn.
(17:41):
We created those websitesspecifically for partners that
have never invested with us thepanx learn site, the dot us
slash learn we created.
I know that in sales there arethree factors involved for every
decision you make.
The first factor is the buyer'sresponsibility.
The remaining two factors aremy responsibility.
The factor that is a buyer's,I'm sure you can guess it's the
(18:03):
money.
I can't tell them how much theyhave and I can't tell them how
much they can invest.
We run red B506C programs.
That means every partner has tobe an accredited investor.
Well, if you're an accreditedinvestor and you're liquid, I
won't worry about your factor.
It's a pot.
Now it'll rest squarely on meand my two factors.
Well, the first of those factorswho are we?
Jay Burr, panx, bobur, chrisLink?
(18:26):
Why are we the kind of guysthat you wanna do business with?
Would you be proud of the oneI'm working for?
Because when it comes tonumbers, I didn't quote you any
kind of crazy numbers you want,but until you see that I'm
somebody you should believe,what difference do numbers make?
And so the first thing you haveto see is that we're the kind
of people you want on your team.
Now, once you have that boxchecked and we have a positive,
(18:48):
now we move to product Of themillions of places in this world
where you can place yourhard-earned investment dollars.
Why is what we're doing worthyou looking at If we can't show
you why?
One, we're people that youwanna do business with and two,
that we can make you money, I'dbe the first one to tell you
don't do it.
However, when it's all said anddone, if we have a positive on
(19:09):
all three factors, we'll dobusiness.
If we have a negative on anyone, a minute can take any shape
for you.
I wanna talk to my wife, Iwanna talk to my lawyer, I wanna
talk to my accountant.
It's too risky.
It can take any shape forfashion you want it to, but when
you boil it down and run itback to its root, one of those
three factors would have beennegative, and so the panic slash
learn page was specificallydesigned to cover our first
(19:31):
factor.
Who are we?
Why are we people that youwanna be involved with?
And once you're done with thatpage, you'll know whether you
wanna keep talking with us ornot.
If you do, terrific, we'll showyou what we're doing.
If you let us go to work foryou, awesome.
I'll be one of the hardestworker employees you've ever
hired.
If you don't, hey, at leastyou've educated yourself on the
oil and gas industry a littlebit and you have a little
ammunition to help protect youdown the road.
Speaker 2 (19:55):
Love it.
Yeah, there's a lot of nuggetsin there with the $50 a barrel.
And then when you mentionedTrump, I remember not too
political, but when the SaudiCrown Prince and then Biden this
year Biden fist bumped down,which is like a total disrespect
to the Crown Prince of SaudiArabia then right after that,
that's when they're like youknow what we're gonna come
(20:15):
production of oil Like literallyhappened like two weeks later.
So it's crazy how sometimes youknow geopolitical stuff can
obviously with oil.
So what do you see as some ofthe opportunities for American
oil and challenges because ofwhat's going on in
geopolitically?
Speaker 1 (20:34):
Well, right now, american oil is fighting against
insanity, and what I mean bythat is you have certain
segments of our society that arepushing towards technologies
that don't exist, and in doingthat they're putting a lot of
people in harm's way, and thosepeople have no idea of the train
(20:55):
tracks they're stepping onabout to get run over.
You know, when you werespeaking earlier about electric
cars, once again, don't take myword for it.
You can get on the internet andfind all this information
yourself, but if the averageneighborhood, if 15% of the
people in that neighborhood,went electric, it would crash
the electric grid.
(21:15):
We don't have theinfrastructure.
When you look at oh, you wantto save the environment, let's
go mine for some lithium Type inlithium mining, on your search
engine, just pull up images.
You don't need to read storiesand just think of, if we want to
convert to what they want us toconvert to, we are going to
(21:37):
have to rape and pillage Earthlike we never have before, and
so you have to ask yourself issaving the environment really
their objective?
Doesn't seem like it to me,because they have no problem
destroying it to get what theywant, because, realistically, if
you wanted to do it, theeasiest way you go natural gas
or nuclear, we already have them, we already have the
(21:57):
infrastructure.
You could do that very quicklyand have it done.
However, when it comes to thecrisis, the challenges that all
faces really the interim is thestigmatization.
The being stigmatized on TV,it's well.
For how many years have youseen oil as a big bad guy?
(22:17):
I'm an old movie buff and oneof my favorite movies is the
usual suspects, and one of myfavorite quotes in that movie is
the greatest trick the devilever pulled was convincing the
world he didn't exist.
Well, I kind of amend that forenvironmentalists.
The greatest trickenvironmentalists ever pulled
was convincing the world thatoil was bad, and they've been
doing it for 60 years now, andso we have generations that have
(22:39):
been programmed that oil is bad.
However, when you actuallybreak through all the clutter
and look at it, oil is thefoundation of the modern world,
every advancement we have made,from cell phones to automobiles,
to transportation, tocommunication.
When you look at everyadvancement we've made, do you
(23:01):
know what is at the heart of it?
Oil.
We don't have oil.
We have none of it, from ourclothing to our medicine, to our
cosmetics, to our plasticpiping, to just our roads,
asphalt, jet engines, I mean,everything we build around is
based on oil, and so when I lookat the challenges that oil
(23:25):
faces, we really just face abeing stigmatized in the short
term.
Well, when I look at that as wewere discussing, I'm kind of
happy about it.
Keep going after oil.
I want you to keep scaringmoney away, keep ESG scoring,
keep running big Wall Streetmoney out of oil, because while
(23:46):
you're doing that, while you'rescaring everybody away from it,
we're going to keep buying it,because we know that when the
dust settles and everybody comesout from under the ether and
they realize, oh my God, myTesla just crashed the power
grid they're going to run backto oil and the people that own
it are going to be sitting inthe position of strength.
(24:07):
I'm trying to get as big agroup as I can on that side
where, when it does happen, Imake as many people as much
money as I possibly can.
Look, I am greedy, I amcapitalistic.
I want the biggest house, thebiggest car, the biggest dog.
That's just my personality.
However, I know to do that, Ihave to win for my partners.
If I don't win for my partners,none of that is possible, and
(24:31):
so if you win, I win.
That's how we conduct ourbusiness.
Every decision we make has onefoundation to it Is it good for
our partners?
If that answer is no, we don'tdo it.
It doesn't matter how good itis for the company.
We give our partners the bestdeal Because, like I said,
without them we don't have abusiness, and so we take care of
our partners first and foremost, and then we let the chips fall
(24:52):
in the may.
We do what we say we're goingto do.
If it's good, it's good, I'mgoing to tell you it's good.
If it's bad, I'm going to tellyou it's bad.
I've had plenty of spot calls,spot died calls.
This is oil.
If anybody ever tells youthey've hit every well they've
drilled their line to, it's afiscal business.
You actually have to drill thewells and you're going down
thousands of feet.
(25:12):
Things can happen, and so don'twalk into this with
rose-colored glasses on thinkingthat everything's sunny.
No, it's not.
You have to be very cautiousabout what you're doing and
question it.
However, we like to providepeople the tools to ask the
proper questions where they knowwhat they're looking at,
whether they get involved withus or not, if we can arm them to
protect themselves a little bit.
(25:34):
We've done some good.
Now, if we arm you and protectyourself a little bit and you
participate with us, even better, because I know I'm making some
money Right now.
Everybody's in oil, everybody'spaying it.
You look at inflation and youlook at everything going up.
Why do you think it's going uplike this?
Do you not think, then,transporting those products to
(25:54):
the market has something to dowith the cost of it?
Do you not think, then,transporting the clothes to the
clothing stores has something todo with the price rising?
Yes, I know there's otherinsular factors, but the fact of
the matter is energy is thereason inflation happens.
We could crush this, and soit's going to happen.
Do you want to be on the trainthat helps?
(26:15):
Do it?
Do you want to be in a positionwhere you're actually making
money from oil when everybodyelse is losing, myself included?
I pay it, just like you do.
However, the one position thatme and my partners are that a
lot of people aren't.
Ours isn't just going one way.
We got it coming back to usbecause we're producing it, and
so that's what we like to do.
We like to help as many peopleas we can, make them as much
(26:35):
money as we can.
Look, that's how you keep score.
I'm an old jock, I love ball,and when I got out of high
school I had to find a game.
I have to compete, and Ifigured it out.
You compete with dollars andcents.
How much money have you madeyour partners?
That's my scoreboard, because Iknow if I've made them a lot,
I've made a lot, and so that'sall we do.
(26:58):
We head down, tail up.
There are no simple answers.
One plus one will always equaltwo.
If it's 1.9 or 2.1, something'swrong.
And so, as long as you, as longas you're my wife tells me I'm
blunt to a fault.
Well, I would much rather beblunt to a fault and you know
exactly where we stand, than besoft and squishy and you always
question.
And so you know if it.
(27:21):
Like I said, if it's black,it's black, if it's white, it's
white.
There is no gray Gray's whereyou get in trouble, and so
that's kind of how we live ourlives.
Get you right between the eyeswith the good and the bad, and
as long as you know that we'vegiven you everything we have, I
tell my partners look, I can'tguarantee perfect results, but I
can guarantee perfect effort.
We'll give you everything wehave, and then we'll let the
(27:43):
chips fall where they may.
Thank goodness, we're good atwhat we do and those chips have
fallen in our favor more timesthan not, and so we just love
for people to get involved andcheck us out.
Speaker 2 (27:56):
So you guys, what's your ultimate goal for how much
you're trying to raise over thenext few years?
What's kind of your game plan?
What are we looking for?
Speaker 1 (28:05):
Internally right now we can probably handle.
20 to 30 million a year is whatwe can raise as a group.
Like I was mentioning earlierwith the Choctaw field, we know
that to fully develop that fieldis going to cost us
$200,000,000 to do it.
Well, if we can raise 20, 30million a year here, for us to
do it ourselves it's going totake us 10, 15 years to do it
(28:26):
all.
And so, in a perfect world, ifI had my genie in the bottle and
I could rub it and we'd raisethe 200 million, because that's
what we needed to do.
And once now, what will happen?
Once we get to a point, therevenue will start taking care
of the field and taking care ofthe overhead and taking care of
the development.
However, you got to get to thatpoint first.
But to fully develop that, andif we could raise 200 million,
(28:51):
we'd potentially have the nextex on our hands.
I mean, that's what we'retrying to build, and if we can't
get to it and you don't want toyou don't want to insult
anybody, but what told me thiswas possible was I was watching
the news one day and RexTillerson I don't know if y'all
remember the Secretary of State.
He was the warm president ofExxon.
I saw him testifying in frontof Congress and don't get me
(29:14):
wrong, he's a brilliant guy.
I'm not, no, in no wayinsulting his intelligence.
I was just sitting therelistening to him speak and I was
looking at the manner in whichhe carried himself and I was
watching all that and, honestly,I was thoroughly unimpressed.
And when I'm sitting therelooking at that, I said hang on,
if this guy can be thepresident of Exxon, why in the
(29:35):
hell can't we build one justlike it?
He's no more intelligent thanwe are, you know.
Just because we live inKentucky, you know, doesn't mean
that we were born last night,and so we can sit down and put
this together.
And we sat down and put a plantogether and here we are, oh,
less than eight years afterstarting, sitting on a company
(29:57):
that could be valued worthseveral billion if we don't make
another move.
I don't know.
I think we got a shot at it.
Speaker 2 (30:07):
Yeah, it's crazy, it's just oil industry, Is there
?
Just curious, does thegovernment give any kind of for
the 506,?
Is there like any special taxbenefits?
I'm not too familiar.
Speaker 1 (30:18):
Oh, I believe they're the best in the world.
When you invest in one of ourprograms and our drilling
programs, let's just use 100,000.
Now, I'm not a CPA, I can't setit.
Everybody's going to vary alittle bit.
I'm just going to give you ageneral rule of thumb.
You put 100,000, one of ourdrilling programs.
You're going to write roughly90% out of year of the year.
It's an above line.
It's an above line deduction.
Basically, if you want to lookat it on your income side, you
(30:42):
make half a million a year.
Uncle Sam now looks at it likeyou made 410,000 cash on cash
side.
When it comes to the dollar fordollar, if you owe Uncle Sam
150,000 in taxes, youessentially owe him 115,000 now.
And no, it's probably that.
I'm sure there's some other taxbenefits that I'm not aware of
that are as good as this, but Ihaven't found any tax benefits
(31:03):
that are better.
In fact, december right now,because what my partners get to
do I mean it is beautiful.
They get to utilize their moneyfor the first 11 months of the
year, analyze their tax basis,see where they're at and, in
December, make investments withme.
I personally tell my partners Idon't believe any of y'all
should be paying taxes.
We have the product to coverwhat you're wanting to do, and
(31:28):
so if you invest in oil, youshouldn't because, look, you
want a true draw hole.
You're buying Uncle Sam.
He's not going to send any back, and so that's what we try to
do.
We try to provide it.
It really is.
The tax benefits in oil and gasare second to none.
I mean, he's roughly paying for35% of your investment and so
(31:48):
you're no longer paying on.
You're paying on $65.
Going in and I was talking to afellow the other day.
He said well, what does thisreally mean?
I said let me put it to youthis way let's say it takes us a
year.
It won't.
It really takes us anywherefrom three to eight months to
put the wells in production fora partnership.
I said well, let's say we don'tdo anything for the first year.
(32:09):
You realize I've still made you35% on your money in year one.
I said that's just on the taxbenefits.
Now, if these wells do what wethink they're going to do,
you'll have your money back intwo to four years, cash on cash
in your pocket, and we'llgenerate that revenue for you
for the next 10, 15, 20 years.
Best case scenario Heck, I'vegot partners that'll make 10, 15
(32:30):
, 21 of their money.
Worst case scenario we'recompletely wrong.
We miss every well we drill.
That hadn't happened in fiveyears.
Now, Not saying it won't happen, but, as I said, we're pretty
wrong.
Pretty wrong to go to what wedo, realistically probably going
to come back anywhere fromthree to five to one.
That's what I think ourpartnerships will average.
Now it's going to take 15, 20years.
(32:52):
Heck, we got a couple wells outhere that'll produce for the
next 30 years.
They'll be producing oil for mykids when I'm dead.
That's the nature of the beast.
In fact, the program we'refunding to end this year, we
drilled one well off the Choctawthat had nine different pay
sands.
Each one of these pay sands isessentially a well unto itself.
(33:13):
You produce them one at a time,from the bottom to the top.
They'll typically last anywherefrom three to five years each
pay sand.
This well had nine pay sands init and over.
I think it was almost 400 feetof total pay Well.
We're directly offsetting thatwell.
Next, that's the partnershipsthat we're funding for our
year-end program.
The other well in that deal isa well offsetting.
(33:36):
We just finished drilling awell that hit one pay sand that
was 112 feet thick.
It's the nicest pay sand I'veever hit.
I've never hit one that thickOne continuous pay sand.
Typically they're laminated,they're split up, but this was
one big, solid pay sand.
There could be a millionbarrels of oil sitting in that
one sand alone.
Well, we're drilling a directoffset to it.
(33:57):
However, with this offset,we're going to be able to take
it about 3,000 feet deeper andwe'll be able to test another
four or five pay sands in thatwell, and so I'm putting my
partners in a position where I'mdrilling direct offsets which
is the safest kind of well youcan drill to the two largest
wells I've hit in 30 years.
What are the numbers going tobe?
(34:17):
I don't know If they come onlike the first two wells.
If we get with those wells,it'll be 15, 21.
On your money, well, dividethat, say we're five times wrong
.
We just make it three to one.
We could be upset with us.
That's essentially what we'relooking at Now.
Like I said, worst case we missboth of them.
Don't think it's going tohappen, but being the oil guy
and being the cover your buttguy, I have to say it, this is
(34:39):
all.
We could miss both of them.
Like I said, I don't think it'sgoing to happen.
I wouldn't be offering it formy year, especially my year-end
deal.
I wouldn't be offering if Ithought that was going to happen
.
Realistically, man, I thinkwe'll knock the socks out of
both of them and I think thepartners will look at, over a
next 20, 25-year period, makingabout 10, 15 to one on the money
.
That's what I really think willhappen.
And so, look, it's not foreverybody, but if that does
(35:02):
sound like something that mightinterest you, just seein' about
it.
Learn about the taxman, learnabout the.
I'll sit there.
I'll show you how I run thenumbers.
I'll show you the ups, thedowns, the in-betweens.
I'll show you the pitfalls,I'll show you the risk.
This is your money we'retalking about.
Well, worst, when it's all saidand done, if you are not 100%
comfortable with who we are andwhat we're doing, like I said a
minute ago, I'll be the firstone to tell you don't do it.
I mean I tell my guys look, Idon't care if it's the little
(35:25):
hair on your pinky toe, if ithas a question, shame on you if
you don't ask it.
That's what I'm here for.
I wanna make sure everyquestion is answered.
That way you know exactly whatyou're saying.
Yes, you're no kidding.
And if you say yes, I believeit'll be one of the best
decisions you ever made.
If you say no, hey, you're notgonna hurt my feelings.
I've been in oil and gas.
I've been told some crazythings over the phone before.
You're not gonna hurt you.
I promise you you're not gonnahurt my feelings.
(35:46):
You know I'll be disappointed.
I wasn't able to go to work foryou.
I feel like I've cost you somemoney but not getting involved.
But once again, I'm not gonnatwist your arm, yank your hair
and push you through a door youdon't wanna go through.
That's not how we should dobusiness.
We show you why you should beon our team and then you make
the decision whether you wannabe on our team or not.
Speaker 2 (36:04):
Yeah, I didn't know.
That's pretty tremendous withthe tax benefits.
I could see like family officesbeing a good avenue for them
and also probably like highincome earners that don't have a
lot of write-offs, likeathletes, pro athletes, because
it's gonna be an ideal targetbecause their income runs out
after like five or seven yearsanyway.
Speaker 1 (36:23):
And most people I mean most people have tax
benefits that they can utilizethat they have no idea.
You know that mostly and I'mjust as guilty as everybody else
I'm not pointing out you know,all of a sudden you look up and
you forgot you hadn't doneanything and it's tax day.
Oh hell, I gotta get all thisdone so you can get it done and
pay them.
Well, no, that's really not anintelligent way to do it.
You know, if you sit down andplan out, you shouldn't have to
(36:47):
pay any, not if you properlystrata.
You know I love the debatebetween when Hillary and Trump
are on stage and Sheila said youdon't pay any taxes, yeah,
because my CPAs are much smarterthan yours.
You know you're not breakingany laws.
You utilize every tool theygive you.
I guarantee you, if thegovernment had a way to get
something from you and they hada tool to do it, they'd do it.
(37:09):
Well, if they've given you atool to get something from them,
why in the heck wouldn't we useit?
You know, if you really wereasked my heart of hearts if I
was going to be scared about theoil industry if somebody said
hey, what's the red flag?
You look at to see.
The oil industry is truly underattack.
It's tax benefits.
(37:29):
Keep your own tax benefits.
As long as they leave those taxbenefits alone, every attack is
false.
Every attack is just windowdressing.
The minute they go after thosetax benefits, that's when
they're really trying to shutall that.
Yeah, that makes sense.
Everything else you're seeingright now, I truly believe, is
window dressing, because theyknow.
I mean.
You look at the people who areputting money in green energy.
(37:51):
You look at worldwideinvestment in oil.
You realize worldwideinvestment in oil has gone from
roughly a trillion dollars in2013.
We're going to be lucky to hit350 billion this year.
So it's going down almost 70%in a nine-year period,
eight-year period.
While demand continues to rise,we're not drilling enough to
replace what we produce andwe're not producing enough to
(38:14):
provide what we consume, and yetthey keep pushing us away from
oil.
Well, it just doesn't makesense.
And so when you look at allthese numbers and you look at
everything that's building thisbig picture, well, why would
Exxon be putting so much moneyinto green energy?
Ask yourself that question.
(38:35):
Now, once again, I'm not goingto assign motives to anybody.
However, I do have a criticalthinking mind and I can analyze
it and say, ok, chances are.
Exxon knows what I know.
So one of two things hashappened.
Either one.
They truly believe that oil isdestroying the planet and
they're willing to submarinetheir company.
(38:56):
They're willing to submarineall of their investors chasing a
green energy.
They could be altruistic likethat and it could be happening.
Who am I to say they're notdoing it?
However, on the other side,they know what I know by
investing in green energy,they're getting tremendous tax
benefits.
(39:16):
At the same time, they'regetting social loving for trying
to save the world.
So there's two big positives.
But the biggest positive, onceagain, they know what I know.
They know, when it's all saidand done, nothing can replace
oil.
Well, once you expend all ofthis money chasing a wild horse
that you can't catch, and thenall of a sudden you go back to
(39:38):
the stall, how valuable is thathorse you already have in the
stall?
Well, when all of this is saidand done, what do you think
Exxon's oil reserves now will beworth 10 years from now, when
they've destroyed the oilindustry and everybody's still
addicted to oil?
5x, 10x, that's the long game.
Well, once again, I'm not goingto say which one they're doing,
(40:02):
but if I'm betting, I knowwhich one I'm betting on.
I'm betting on hey, they'regambling on their reserves.
When all this fails, theirreserves will be worth 5x
because they're the only onesthat have them.
And so it's all math.
You hate to say it, just followthe money.
It really is.
It's pretty simple.
We try to be the new wizards,are smart, and you set and watch
(40:25):
those talking heads on TV andthey say the same thing the 50th
different way, trying to soundsmarter than the next guy.
In truth, no, it's reallybasically simple, and we're the
ones that make it complicatedbecause people try to impress
you with how intelligent theyare and tell you the sun's now
(40:45):
pink.
Well, no, the sun's yellow ororange.
That's what it always is.
It's not going to change.
Just because you say itsomething else doesn't mean it's
something else.
However, we're getting intohabit of a lot of people saying
it's something else and peopleare unwilling to rebuke them.
(41:06):
Well, that's left.
Well, no, dummy, it's right.
Right's always been that way.
Well, maybe it is left.
What kind of good are we doingright there?
That's well, that same PBS kidasked me.
He asked me on woke kids, and Iknow we're going in a crazy
different area right now.
But this goes back to business.
At least for me, it personallydoes.
(41:26):
He goes.
What about woke kids?
What would you tell thoseparents?
Keep doing it.
He said huh, hell, yeah, keepdoing it, keep doing it.
Keep raising those candy asses.
Keep raising those kids thatcan't deal with conflict.
Keep raising because you knowwhat you're doing.
You're making the game mucheasier for my kids when they're
adults, because I'm treating my,I'm raising my kids with a
sense dude.
They're going to understand theworld is cruel, hard and cold.
(41:48):
It will cut your throat andleave you on the side of the
road if you're not prepared forit.
At the same time, there is somuch love and beauty in this
world that if you're preparedfor the bad and can deal with it
, you can create more beautythan you ever imagined.
However, don't disillusionyourself.
The number one prerequisite forsuccess is hard work.
(42:09):
The number two is work harder.
The number three is work evenharder.
If the talent's there, it'llwork itself out.
However, you cannot build workethic in somebody, and somebody
who's willing to work andsomebody who's willing to pay
the price is going to beatsomebody who's not every time.
And so keep raising your kidslike that.
I hate it for your kids.
You're setting up for failure.
(42:31):
You're setting them up for afalse world.
You're setting up and you wantto those kids holding a sign
protesting, I mean jeez Lee's,and that honestly, when it comes
to people shows I don't care.
But when you look at some of thekids protesting this Israel,
hamas stuff, and you look atthem, you say you realize they
would execute you in Palestine.
(42:51):
You realize that the peopleyou're supporting right now
would kill you for your beliefs.
What do you?
I mean, are you not intelligentenough to put those two pieces
together?
And no, I mean we have a bunchof zombies that have bought and
they just lost their criticalthinking ability.
And so, while it saddens me forthem, they're going to be a
footnote to history becausethey're not the ones that are
(43:14):
going to shape the future.
You can't.
I'm sorry they just I don'thave, I don't have enough
respect for them.
You've got to impress me.
There's plenty of politiciansthat, while I like them, no, I
wouldn't follow them into battle, and it's going to tell you I
think that's what they've done.
I refuse to accept anythingelse anymore.
(43:35):
I hate to be that guy.
But here in Kentucky, we justelected Andy Beshear again.
Well, I can promise you I amnot going to do what Andy
Beshear says just because AndyBeshear says you lost that right
and when you did what you didduring COVID, no, you completely
lost your right to government.
I'm not, I'll be, I'm not goingto break any laws, I'm not
going to do anything illegal.
I'm going to be the same guyI've been.
(43:56):
However, when you enter, enterat my home again and tell me
what I have to do with my kids,you're going to get a big.
You know we call it the burstof loot.
You know you're going to getthe big middle finger because,
no, you've lost that right andit's kind of scary.
It's kind of scary that they,they because I think there's a
lot of people that myselfincluded that a couple of years
(44:16):
ago, you see all this crazinessgoing on and you're, you're
thought running through the backof your head is surely the
government wouldn't do that?
You know, surely there'ssomething I don't know, because
that doesn't make sense.
Well, now you look back at itand I hate to say it, but hell
yeah, they would do it.
I didn't, you know?
(44:37):
And how many people have comeout from under that ether over
the last couple of years.
You know I didn't think it waspossible.
I thought, oh, it's bull.
No, none of that's going to.
That's crazy, that'sconspiratorial.
But then you watch the stuffplay out and you watch somebody
on the news.
You've watched it with your owneyes.
I don't need anybody to tell mewhat I saw.
I saw exactly what I saw.
(44:57):
There's no misinterpreting whatI saw.
Yet somebody's telling me it'scompletely different than what I
saw, on multiple occasions andmultiple.
And you're like hang on, hangon.
Are you looking at the samething I'm looking at?
And yeah, you just have.
You have a lot of people thathave come out from under the
ether and realized that the leftunderstood three critical
(45:22):
things, three vital criticalthings.
They understood before theright.
You control Hollywood, youcontrol the culture, you control
news, you control theinformation, you control schools
, you control the future.
They understood that before wedid.
They spent the last 60 yearslike we were talking.
The first move was removing Godfrom schools.
When you remove that conscienceand you remove who you're
(45:45):
answering to and diminish themall of a sudden, are you
surprised we're getting kidswith no morals?
Are you surprised we're gettingkids that would rather shoot
somebody than discuss theirdifferences and figure it out.
I mean, when you don't havemorals, you will do anything,
and that's the first step.
And so you can look at it.
And it was all a plan.
It's not.
This isn't a, this isn'tconspiracy there's you.
(46:07):
Just go look at history, justgo look at the.
In the early night, in the earlyteens I think it was 1912 or
1913 when they changed how weelected senators.
Well, that was the first shotfired across the aisle.
Senators used to be elected inthe state houses.
Each congressional district gota vote and they elected the
(46:27):
senator.
That way, each congressionaldistrict of the state got their
own representation.
The minute they made a popularvote for senator, what'd they do
?
They eliminated those smalltowns.
Now in Kentucky, if you winLexington, if you win Louisville
, you win the state.
That's why they did it.
You don't have to be a rocketscientist to to figure that out.
However, you do have to havethe courage to say no, that's BS
(46:49):
, you're wrong.
No, you did.
You did this for a specificreason, you know.
And then you look at the move tothe left of the country.
The problem that's happened isevery time it moves to the left.
Let's say it moves this farover one president, and
everybody corrects when we electsomebody else.
Say Kennedy, kennedy would havebeen a Republican now.
Let's say you would have letKennedy in the 60s.
What do you do?
(47:10):
He moved it back to the right.
However, it wasn't back to truecenter again, he just moved
back to the right a little bit.
All of a sudden, lbj comes inand moves it further.
Nixon comes in and moves itback.
Well, guess what?
You're even further from whereKennedy got it.
Then Carter comes in, and thenReagan.
Well, guess what?
Every time we've done that endsup further and further to the
left.
So we've been losingincrementally every step of the
(47:30):
way.
And so then you look at it andyou say okay, well, how's the
left winning like this?
Well, they divided us.
You're conservative, you'reliberal, you're Republican,
democrat, you're pro-life,pro-chuk, you're rich, you're
poor.
They divide you, so you fightagainst each other when you
break it down.
Look, I truly believe therereally isn't conservative,
liberal, there's traditionalAmericans.
(47:52):
You leave me alone, I'll leaveyou alone.
I know what's best for myfamily.
If I need help, I'll ask it.
If you need help, ask me.
I mean you.
Just you want the best for it.
That's just a general sense ofprinciples.
I think that is by far thelargest voting block in the
country and they've divided usfor years where we don't know
that, and so when I look at that, then I look at Republicans.
Well, they typically stand withmost of those values.
(48:13):
So hang on.
So, mitch McConnell he's myKentucky Senator You've been in
charge of the largest votingblock in American history for 40
years now.
You've been there and you'vebeen in charge of this voting,
of this voting block, and you'vebeen just good enough to lose
(48:34):
every major issue over a 40 yearperiod.
No, that's not a coincidence,that's a strategy.
And when it's all said and done, the rhinos they're going to be
the one, them and the media,because one day America will
fall.
Don't know when that day willhappen.
One day it will happen and whenit does, you look at the rhinos
(48:55):
and media and those will be thetwo main culprits.
Because I can deal with theDemocrat.
Honestly, I can't.
If I know you're going to throwit left and the straight right,
I'm prepared for what you'regoing to do.
I know what a Democrat's goingto do.
Or, rhino, they stab you in theback at the most least
opportune moment.
I mean, it's every time.
Look at government programs.
How many times, how manygovernment programs have you
(49:18):
seen that if the program, if itwas a five when it started, that
they solved the problem?
Most government programs, if itwas a five when they started,
now it's a 10.
Hang on, either the same catran every program and was a
moron.
Every person they hired to runthose programs were morons or
(49:40):
was intentional.
It can't be both.
You just start looking at thoseand all of a sudden, if you
break it down and put an eitheror on all these decisions and
everything you look at, look,this has been designed.
This has been a constant attackon the country for a hundred
years now.
And the reason conservativesreally I blame myself, guys just
(50:04):
like me.
We saw it coming.
Hell, I was speaking at teaparties in 2012,.
I think it was 2012, 2011, 2012.
We were speaking at tea parties.
We saw it coming.
However, at that time it was inCalifornia, it was in New York.
It wasn't in my circle, so Ididn't really pay attention to
it.
I'm too busy making money, I'mtoo busy using my intelligence
elsewhere that it's needed, andso I'd give them half my brain.
(50:26):
Well, now I realize they'retrying to break us, they're
trying to end the country.
You're no longer getting halfmy brain.
Now I'll pause this for aminute and I'll turn off.
Focus all my efforts on you.
And that's what they haven'tseen.
They haven't seen the actualintelligent side of America
stand up and say, okay, enough'senough, because it never was in
their circle.
Now it's getting in theircircle every day and I don't
(50:51):
know, I don't know.
I just kind of that's the world.
I got kids and all this stuffgets on your head.
You start wondering.
You wonder what kind of worldyou're leading for your kids.
And now you look at some ofthese stuff they do on social
media I was, you know.
You just flip through and yousee what some of these people
are doing.
You're like, I'm like what?
In what world did you thinkthat was proper?
You know, don't get me wrong,I'm all for free expression, but
(51:13):
I'm looking at this girl.
One time I was in New Orleans.
She comes walking in, has halfher hair is green, half her hair
is purple, 12 differentearrings in one ear, big nose
hoop.
You know the witch stockings,the black and white stripe
stockings.
You know black and white sockslike a fairy skirt.
And I'm sitting there lookingat her.
(51:35):
And if you're going out toparty, that's one thing, but she
was going to work.
There's not one world in which Iwould hire you.
I'm sorry, you're not the imageI want to.
In what world did you thinkthat would not have an effect on
what?
No, you're doing it.
So people give you thatreaction.
Then you can blame them forbeing oh, there's knobs.
(51:58):
No, you look like a moron.
I'm sorry, I hate to you want.
I hate to hurt your feelings,but you look like a moron.
I will not have yourepresenting me.
That's why I didn't hire you.
You know, and they, they getall been out of shape.
Oh, and it's like well, hang on.
When you put your money up andyou earn and you open the
business and you start payingthe employees, then you can tell
me what you can wear to work.
(52:19):
But until then, you work for me, I don't work for you.
Well, my partners can say thesame thing to me I work for them
, they don't.
They don't work for me.
That's why they're so vital tome.
I know that most people didn'tcome by their money easy.
Most people had to pay a heavyprice, had to miss dinners, miss
little league, ballgames miss.
(52:39):
They had to miss a lot to besuccessful.
And so for you to have thatfaith, what you spent so much
blood, sweat and tear earning,shame on me if I ever violate
that.
I give my parents, give mypartners, really two guarantees.
One, if you ask me a questionthat I don't know the answer to,
I guarantee I'll find it foryou.
Two, if you call me and, forwhatever reason, I don't answer
(53:00):
my phone, I'll call you backbefore I go to bed that night.
And that that's really the onlytwo guarantees I can give them,
other than I'm going to be oneof the hardest work employees
you ever hired.
But no, panxus slash learns agreat place to go Heck.
You email me.
My email is rjbur.
At panxus.
We loved it to open Heck.
We'd like to talk to everybody.
That's the key to this.
(53:21):
We want to open a conversationand get as many people excited
about what we're doing as we can.
Speaker 2 (53:27):
Love it, Love it.
Yeah, and this is going to saywhere's?
Where can people find you?
As we wrap this up, you saidthere's a second website as well
that have the there'spanxdeclearn.
Speaker 1 (53:36):
Yeah, panxus is the is the main company website for
the portal for new partners.
For guys that have neverinvested with us, we point them
to panxus slash learn, and thatthat's our, that's our
educational site.
That's the one that gives themjust really a good idea about
who we are.
When you get there, there's atwo boxes and then they're like
a little.
You type your name in we haveto know who's going to it, and
(53:59):
so you type your name in andbasically just your contact
information and then when youhit enter, boom it's.
It redirects you to the homepage and you have basically a
plethora of material you can gothrough to see who we are, what
we do, what we look for in oil,just kind of give you a basic
foundation of oil knowledge.
You know oil 101.
That's it.
Oil and gas 101, as we call it.
(54:19):
Just kind of give you a basicfoundation of oil, show you what
products are with oil.
I mean it just kind of we wantyou to know what you're saying
yes or no to, but we want you toknow how important oil is in
your life.
I mean, without oil we are notthe modern world, and American
oil has built the world and it'sbeen shunned for the last 60
years.
Well, it's time to makeAmerican oil something again.
(54:41):
There's a reason American oilbuilt the world, and it's I mean
one more war two.
Without American oil, we don'twin World War Two, you know.
And so it's just it's.
We need American oil and we need, we need some good stewards who
go out and gain control of thisstuff so we can basically make
sure that we as a country haveenergy, because if you leave it
(55:02):
at oh, would you leave anythingup to Washington?
You know, who do you think'sbetter going to take care of it,
them or us?
Right?
Well, I believe we will.
And so we, we, we welcome youto board Heck.
We love partners to come to thefield.
I mean, like I said, this isyour money we're talking about.
Come out there and see how it'sspent.
When you go out and we're inthe middle of the swamps and
(55:25):
Bayou, you go out there and yousee our facilities.
Man, it's, it's impressive, andit really is.
We don't we make sure we do itright.
There's a lot of, a lot ofmoney riding here and we dot
every I across, every T and welook twice before we cross the
road.
Speaker 2 (55:42):
Perfect.
Well, RJ, thank you so much foryour insights and time.
Your knowledge is prettyextensive.
Thank you again for being onthe Ultra High Network podcast.
Speaker 1 (55:51):
Oh, of course.
Thank you very much.
I can do anything, just let meknow.
Speaker 2 (55:54):
Perfect.
Thank you, hey, it's Jonathan.
Make sure to download andlisten weekly as I bring the top
guests and the Ultra HighNetwork niche, sharing their
best insights and providingexclusive resources.
Finally, I get a lot of peopleasking me to help them one on
one.
Yes, I can, but it's verylimited.
Go to a revenue assigned forbusiness and CMO consulting.
(56:17):
For real estate investing, goto Midwest Park Capitalcom and
those looking to invest inservice-based business rollups
go to business cash outcom.
All links are included below.
Please like, comment and sharethis podcast with your friends.
Thanks for listening.
Once we took their 3D size and laid it on top of all
the rest of the data we had, allof a sudden I'm like damn, hang
on.
There could be 100 millionbarrels sitting out here in this
field.
We'll put a number on that.
It's $80 oil.
That's $8 billion in the groundright there.
That we got for pennies on thedollar.
Now it's going to cost us $200,$300 million to develop the
(00:22):
entire thing.
Speaker 2 (00:25):
Welcome to the Ultra High Net Worth Podcast, which is
a global community of the mostsuccessful and their insights.
We want our families toflourish, collaborate and create
a better world for all.
This podcast is a trustedresource to learn from each
other, navigate the mostimportant global issues and find
life-changing opportunities.
I'm the host, jonathan Tuttle,the founder at Midwest Park
(00:49):
Capital, a boutique mobile homepark real estate fund.
Revenue Send, a leading digitalconsulting and fractional CMO
agency.
Business.
Cash Out, a boutique M&A firmfocused on service-based
businesses, and a part of thefounding team at Wallipop, a
mood enhancing cove of beverage.
This episode is sponsored byPrestige, the world's most
(01:10):
exclusive social networking app.
All links are in the show notesbelow.
Enjoy the show.
Please like, comment and sharethis podcast with your friends.
Thanks for listening.
Welcome back to the Ultra HighNetwork Podcast and today I have
a fantastic guest.
That's really timely.
What's going on in the world?
(01:30):
Rj Burr, from CEO and presidentof Panix, a third generation
producer of American Oil.
Welcome to the show.
Speaker 1 (01:38):
Good to be here.
Speaker 2 (01:40):
Thanks for being on the show.
We had a great conversationahead of time, so I'd like you
to describe your background inthe oil business.
Speaker 1 (01:49):
Well, jonathan, I was in oil really before I was born
.
My grandpa was in the oilfields, my uncles were in the
oil fields.
Now I kind of have a uniquefamily in the fact that my mom
is a baby boomer, yet herclosest older brother was 21
years older than her and heroldest older brother is 26 years
older than her, and so myuncles are kind of like my
(02:10):
granduncles, and so my grandpawas in it, my uncles were in it,
my cousins were in it, my dad'sbeen in the business, and so
this is all we've ever done.
I was on my first oil rig whenI was seven and I was hooked,
graduated high school 18, threemonths later, made my first sale
and haven't stopped since then.
Speaker 2 (02:30):
It's all really all I've ever done, love it.
Yeah, we were talking aboutkind of give us, like, what are
some of the products like ifpeople not familiar, how much,
how reliant are we on oileveryday?
Because I think this isfascinating.
Some people might be prettyfamiliar, but can you just kind
of give a background on some ofthe products that is made from
oil?
Speaker 1 (02:48):
Yeah, well, I mean, you look at it, oil is.
For the last hundred years ithas become so ingrained in our
lives that it's kind of likebreathing.
You don't realize you're doingit and how important it is.
But if you stop all of a suddenyou realize how important it is
.
Well, oil, from plastics tomedicine, to cosmetics, to I
(03:10):
mean, if it has poly in it,that's oil.
And so I mean you look at everyfacet of our lives.
I'm a firm believer that youcould grab, like I was telling
you a minute ago, you could justreach out and randomly grab any
person in America at any pointin time and they would have a
couple of oil products on.
It's not just fortransportation, it's not just
for energy, it's for what?
(03:31):
6,000 products from one barrel.
It's interwoven into our lives.
And whoa, you want to see yourlife without oil?
Heck, you can go to our website.
It's panxus-lash-learn.
We got a video on there calledA Morning Without Oil.
That just kind of gives you anidea of how you'd be going back
to the Stone Age.
Essentially, you look at what'sgoing on in the world right now
(03:53):
.
Call that German town thatclear-cut their forest for wood
and ask them if they want theirnatural gas pack.
I mean, it's in our lives.
Speaker 2 (04:03):
Yeah, it's pretty fantastic how many products we
made.
I was surprised I saw the chartand you mentioned panics or
alluded to that Kind of give usa little background about your
company and what you guys do,what you're trying to accomplish
.
Okay.
Speaker 1 (04:16):
Well, I like to say we've been in oil pretty much my
entire life.
Panics is basically our secondlife in oil, when internally we
tell little stories and all that.
Well, our first life in oil.
Well, hang on, let me pause onesecond.
We've built a philosophy on oiland it's not academically
(04:38):
driven, it's just basicallyexperienced driven the American
oil patch.
Most people aren't aware thatthe American oil industry is
essentially 9,000 independentproducing companies that average
12 employees or less.
We produce 83% of the oil and90% of the gas and drill more
than 90% of the wells.
That is your American oilindustry.
The reason I say that is one,that's our competition, but two.
(05:02):
For the most part, every one ofthose companies.
When they started they startedby doing what we call chasing
oil.
That means they have a guywants to be an oilman.
He goes out, finds him aprospect, raise some money and
he goes and drills the well.
For 99.9% of them that's theend of it.
They miss the well, they can'traise any more money out of
business.
(05:22):
Sign goes in the front window.
Well, for the few that hit thatwell, they found what we call
job security.
Their job is secure as long asthey have wells on that field to
develop the oil they found.
Now, while they're developingit, they'll look for another
lily pad to jump to.
When they're done with this one, they'll jump to the next one.
A successful oilman will lookback 50, 60 years later.
(05:43):
He's 70, 80 years old.
He's found five, maybe 10,maybe 15 of these lily pads.
He's been extremely successful.
He's made a lot of money.
His partners have made a lot ofmoney.
However, he spent his wholecareer chasing oil.
What I mean by that is everylily pad he found and went to.
He had the perfect amount ofoil to produce all of that oil
(06:04):
to keep his machine going.
At the end of the day, hewasn't able to utilize that oil
to acquire anything else otherthan wealth for his partners and
himself.
The rarest event I believe inoil and gas is when a company
jumps from that chasing oilstage to the producing oil stage
.
Really, there's only twodifferences when you're in that
producing oil stage.
One when you drill a well, youknow the oil's there Doesn't
(06:29):
mean you're going to hit it.
You still have to mechanicallydrill it.
It's still a risky business.
Don't let anybody ever tell youdifferent.
However, you know the oil'sthere when you're drilling.
Now the second and moreimportant factor is you have
acquired enough reserves thatyou can utilize those reserves
to acquire more reserves.
Now you are truly in the oilbusiness.
(06:51):
When a company gets to thatproducing oil stage, typically
one of three things will happen.
They'll be the one stay private, everybody's making so much
money they just keep riding themachine out.
Two they go public.
Three a major comes and buysamount.
Now the reason I tell you thatis our first life in oil ended
about 13 years ago when MarathonOil bought my family's company.
(07:12):
This is the second time myfamily has got to the producing
wall stage.
So with this company, withPan-X, we started it here.
Seven years ago, marathonbought our family's company and
basically entered into earlyretirement.
I thought I was going to play onthe PGA Tour and took me about
six months to realize I'd neverhad that game.
It was seven years ago.
(07:37):
I snapped, hooked one off 18.
Didn't even go get the ball,went through my club in the bag,
drove to my truck, threw myclubs in the back, drove to my
dad's house.
Just happened.
My brother was there.
I said guys, it's time to goback to work.
That I'm going stir crazy.
I love making money.
I love wool.
Thank God, they were bothfeeling the exact same thing.
(07:58):
That was when we cranked up.
It was seven years ago, thispast July.
From that point, we knew thatwe would climb to the top of the
mountain.
We're good at what we do.
We've been doing this a while.
We're not guessing at it.
However, we didn't know exactlywhat path we'd take.
What we saw coming was we saw.
Whether you like President Trumpor not is irrelevant.
(08:20):
What he did by increasingAmerican production to the
levels he did, he made OPEC forthe most part, irrelevant when
it came to setting prices.
Well, if you know the historyof oil, opec was brought in in
the 60s to counter the power ofthe Seven Sisters, the monopoly
of oil back before the 60s.
Well, for the last 60 plusyears, opec has essentially
controlled power.
(08:40):
That's what's happened.
Now that we've cut ourproduction Watch, you have that
meeting here in about a week ora couple of days where OPEC's
expected to cut their productionunder another million barrels a
day.
What do you think that does tooil prices when demand is rising
?
And so all of this has put OPECback in charge.
But what President Trump haddone is he had made OPEC
(09:00):
irrelevant.
Well, what we saw is we sawRussia and Saudi Arabia cutting
production and basically forlack of a better term in an
economic war on the American oilindustry, because what we saw
was them pushing the price down.
Because the dirty little secretis, most of your shale
companies need at least $50 abarrel to pay their bills.
Everything over 50 is wherethey made their money, and so if
(09:23):
they could push the prices downto $40, $45 a barrel, all of a
sudden these companies are introuble because they can't pay
their bills.
Now, the other side of thatdirty little secret, russia and
Saudi Arabia need 50 also, andso we knew it wouldn't be a
permanent, because they neededall.
However, we were willing to betthat they could outlast the oil
companies.
Well, when that happened, anacquisition opportunity would
(09:44):
present itself, and so that'sreally what we were looking at.
We were getting ready for it.
When you look at all the chaosin American history and you look
at the people that when theeconomic crisis happened,
there's always a group of themthat come out of the other side
looking like geniuses, and whenyou string their stories
together, there's really onlytwo common factors that hold
them all together One.
(10:05):
When the crisis happened, theyhad cash on hand, they were
liquid, they could do something.
More importantly, when theiropportunity presented itself,
they didn't hesitate, theypushed their chips in the table,
and they go after it.
And so that's what we weredoing.
We got our cash ready, we weregetting ready to begin this
phase and then, all of a sudden,covid hit.
And when COVID hit, it tookwhat we thought would take 18 to
(10:28):
24 months to play out andcrunched it down into 30 days.
And that culminated on April 20, 2020, when the oil market
crashed.
And so that moment in time, theopportunity it created, is
really.
I'm shocked that nobody else istalking about it.
I really am, Because whathappened when prices crashed?
(10:50):
If you went out and asked theaverage person hey, what was the
effect on the oil industry whenprices crashed in 2020?
Most of them will say, ah, it'sExxon, ah, it's Shell, they can
handle it.
Well, yeah, they can handle it,but they weren't the ones that
were really hit.
It was your independentproducers in America that were
hit.
You're a company that averaged12 employees or less.
(11:11):
So, all of a sudden, on April20th, prices crashed.
The first wave of companieswiped out were your newer
companies, your companies thatwere on shaky financial ground
to begin with.
Boom out of business, sign inthe front window.
The next wave that got knockedout were a couple months later.
Remember when we sent everybodyhome for COVID.
The companies that could paytheir employees more to get them
(11:32):
back out than the governmentwas paying them to keep them at
their house, those companiesmade it.
The companies that couldn't paytheir field hands enough to get
out there and produce the oil,they were the next wiped out,
and so you had an acquisitionopportunity happen that really
I've been doing this 30 yearsand I've never seen it like this
, and we have.
(11:54):
I was talking to my brother lastnight.
We have at minimum five peoplea day calling the office
offering us to come in and buytheir product Because people are
hurting right now and companiescan't raise.
Evidently there's companiesthat can't raise money to go
drill their prospects and sothey're scrambling, and so we're
not going out there scabbingpeople.
We're going out there andbasically and for the most part,
(12:14):
if we buy somebody's reserves,we give them a chance to buy it
back from us.
We don't want to put them outof business.
However, we're not going to dosomething where we lose money.
And so we've been slowlyacquiring properties and since
that point in time we've made Ithink it was 23 different
acquisitions.
We've secured right at 1400acres around.
Well, when you hear the newstalk about the strategic
(12:37):
patrolling reserve, that's oursalt belt.
We own the roughly the 1400acres surrounding it and when we
originally bought it we thoughtthere was probably 15, 20
million barrels to recover andthe numbers we ran.
We're completely fine with that.
Well, then we got out andstarted looking at it and once
we we were the first companythat came out.
(12:58):
This field was originallydiscovered back in 1926.
We were the first company tocome out and we gathered every
bit of data.
There was roughly 40,000different data sets on this
field that had been created overthe last 100 years.
We digitized them and put themin one spot where we could lay
them over our geology.
Well, once we did that, welooked at it and we're like holy
crap, there could be 50, 60million barrels out here.
(13:22):
Well, the last piece of thisstraw was a 3D seismic.
We got in touch with thestrategic patrolling reserve.
We knew they'd shot 3D seismicon the property.
They shot it to see where thesalt ended.
Well, we asked them if we couldsee it so we could see where
the salt ended too.
So we didn't drill into theirsalt.
Well, once we took their 3Dseismic and laid it on top of
all the rest of the data we had,all of a sudden we're like,
damn, hang on.
(13:42):
There could be 100 millionbarrels sitting out here in this
field.
We'll put a number on that.
If $80 oil has $8 billion inthe ground right there, we got
for pennies on the dollar.
Now it's going to cost us $200,$300 million to develop the
entire thing.
Well, let's say we're wrongFive times over.
(14:05):
That's still making us on that200, 300 million investment.
It's still making us 45 to 100money.
So it's when you sit down andput a pencil to it.
That's what we're trying to do.
I was telling you earlier myoffice here there's really work
at the main home office.
There's typically five peoplehere at all time.
Now we have about 30 people outworking in the field.
(14:27):
Our fields are down inLouisiana, but in the main
office there's about five peoplehere.
We could keep doing what we'redoing, keep funding programs the
way we're funding them, andright off into the sunset we got
enough wells to drill for thenext 30 years.
We got enough reserves.
We've got plenty of oil for ourkids.
When we're longing on and theold market's going to be such
that our partners are going tomake a killer, well, we're going
(14:48):
to do that anyway.
So we're trying to expedite thisand we're trying to expand our
partner bases as much as we can,because I know when you put
your hard-earned investmentdollars with somebody, that is
the most sacred decision you canmake in the business world.
You've taken what you spentblood, sweat and tears earning
and you're trusting somebodyelse with it.
(15:10):
Well man, I don't take thatlightly.
Like I said, I've been doingthis a long time and I know that
without my partners I don'thave a business.
So I know that if I canconvince people accredited
investors to give us a shot, toheck stick their big toe in the
pool and let us show you what wecan do.
Once we win for you, we won'thave to ask you to get serious
(15:31):
next time.
You'll want to get serious, butwe won't ask you to get serious
until we win for you.
Once we show you what we can do, then you'll have no
reservation.
But the quicker we can fundthis.
The quicker we can developthese reserves, the quicker my
partners can make money, thequicker you can make money.
But, more importantly, we canacquire more properties Once we
(15:54):
take care of the funding.
On this development.
Now we've got eight salt domeswe're looking at right now.
Well, let's say these saltdomes are half of what the
Choctaw is.
Realize we'd have reserves,almost half a billion in
reserves at that point.
Well, there hadn't been, as wewere discussing, there hadn't
been a major public oil and gascompany built on strictly
(16:15):
American oil.
In almost 40 years it'shappened one time, but that was
when two companies merged.
So I really don't count that.
They didn't build, they mergedto be there.
Well, we have a chance to do it.
Somebody is going to come outand consolidate this oil.
Somebody's going to do it.
The opportunities are.
I cannot.
I can promise you, this goodold boy here in Bowling Green,
kentucky, is not the only onewho sees it.
(16:35):
And so somebody is going tocome out and consolidate this
oil.
Well, honestly, if it's goingto be done anyway, I'd much
rather be done by people whoactually care what happened to
it, and so that's why we'redoing it Head first.
Now, if we shoot for the starsand hit the moon.
And let's say we build acompany that has a quarter of a
billion reserve bank.
(16:55):
That's still pretty solid, Iwouldn't turn that away.
That's still several billion inreserves.
And so we're just, we happen to, we're very fortunate.
I'd love to say we're rocketscientists and we pre-planned
everything.
No, we're pretty smart guys andwe just happen to be in the
right place at the right timeand we're looking for the.
We know what we're looking forand it just happened to be there
(17:19):
.
And so now we're just now thatwe've oh, what's the easiest way
to say it We've already hit oureight run, home run.
We don't need to do it again.
All we have to do is hitsingles and dollars.
From this point on, and everypartner we have make more money
than they can spend.
But if people want to learnabout, just like I said, our
website is probably the easiestpanxus and panxus slash learn.
(17:41):
We created those websitesspecifically for partners that
have never invested with us thepanx learn site, the dot us
slash learn we created.
I know that in sales there arethree factors involved for every
decision you make.
The first factor is the buyer'sresponsibility.
The remaining two factors aremy responsibility.
The factor that is a buyer's,I'm sure you can guess it's the
(18:03):
money.
I can't tell them how much theyhave and I can't tell them how
much they can invest.
We run red B506C programs.
That means every partner has tobe an accredited investor.
Well, if you're an accreditedinvestor and you're liquid, I
won't worry about your factor.
It's a pot.
Now it'll rest squarely on meand my two factors.
Well, the first of those factorswho are we?
Jay Burr, panx, bobur, chrisLink?
(18:26):
Why are we the kind of guysthat you wanna do business with?
Would you be proud of the oneI'm working for?
Because when it comes tonumbers, I didn't quote you any
kind of crazy numbers you want,but until you see that I'm
somebody you should believe,what difference do numbers make?
And so the first thing you haveto see is that we're the kind
of people you want on your team.
Now, once you have that boxchecked and we have a positive,
(18:48):
now we move to product Of themillions of places in this world
where you can place yourhard-earned investment dollars.
Why is what we're doing worthyou looking at If we can't show
you why?
One, we're people that youwanna do business with and two,
that we can make you money, I'dbe the first one to tell you
don't do it.
However, when it's all said anddone, if we have a positive on
(19:09):
all three factors, we'll dobusiness.
If we have a negative on anyone, a minute can take any shape
for you.
I wanna talk to my wife, Iwanna talk to my lawyer, I wanna
talk to my accountant.
It's too risky.
It can take any shape forfashion you want it to, but when
you boil it down and run itback to its root, one of those
three factors would have beennegative, and so the panic slash
learn page was specificallydesigned to cover our first
(19:31):
factor.
Who are we?
Why are we people that youwanna be involved with?
And once you're done with thatpage, you'll know whether you
wanna keep talking with us ornot.
If you do, terrific, we'll showyou what we're doing.
If you let us go to work foryou, awesome.
I'll be one of the hardestworker employees you've ever
hired.
If you don't, hey, at leastyou've educated yourself on the
oil and gas industry a littlebit and you have a little
ammunition to help protect youdown the road.
Speaker 2 (19:55):
Love it.
Yeah, there's a lot of nuggetsin there with the $50 a barrel.
And then when you mentionedTrump, I remember not too
political, but when the SaudiCrown Prince and then Biden this
year Biden fist bumped down,which is like a total disrespect
to the Crown Prince of SaudiArabia then right after that,
that's when they're like youknow what we're gonna come
(20:15):
production of oil Like literallyhappened like two weeks later.
So it's crazy how sometimes youknow geopolitical stuff can
obviously with oil.
So what do you see as some ofthe opportunities for American
oil and challenges because ofwhat's going on in
geopolitically?
Speaker 1 (20:34):
Well, right now, american oil is fighting against
insanity, and what I mean bythat is you have certain
segments of our society that arepushing towards technologies
that don't exist, and in doingthat they're putting a lot of
people in harm's way, and thosepeople have no idea of the train
(20:55):
tracks they're stepping onabout to get run over.
You know, when you werespeaking earlier about electric
cars, once again, don't take myword for it.
You can get on the internet andfind all this information
yourself, but if the averageneighborhood, if 15% of the
people in that neighborhood,went electric, it would crash
the electric grid.
(21:15):
We don't have theinfrastructure.
When you look at oh, you wantto save the environment, let's
go mine for some lithium Type inlithium mining, on your search
engine, just pull up images.
You don't need to read storiesand just think of, if we want to
convert to what they want us toconvert to, we are going to
(21:37):
have to rape and pillage Earthlike we never have before, and
so you have to ask yourself issaving the environment really
their objective?
Doesn't seem like it to me,because they have no problem
destroying it to get what theywant, because, realistically, if
you wanted to do it, theeasiest way you go natural gas
or nuclear, we already have them, we already have the
(21:57):
infrastructure.
You could do that very quicklyand have it done.
However, when it comes to thecrisis, the challenges that all
faces really the interim is thestigmatization.
The being stigmatized on TV,it's well.
For how many years have youseen oil as a big bad guy?
(22:17):
I'm an old movie buff and oneof my favorite movies is the
usual suspects, and one of myfavorite quotes in that movie is
the greatest trick the devilever pulled was convincing the
world he didn't exist.
Well, I kind of amend that forenvironmentalists.
The greatest trickenvironmentalists ever pulled
was convincing the world thatoil was bad, and they've been
doing it for 60 years now, andso we have generations that have
(22:39):
been programmed that oil is bad.
However, when you actuallybreak through all the clutter
and look at it, oil is thefoundation of the modern world,
every advancement we have made,from cell phones to automobiles,
to transportation, tocommunication.
When you look at everyadvancement we've made, do you
(23:01):
know what is at the heart of it?
Oil.
We don't have oil.
We have none of it, from ourclothing to our medicine, to our
cosmetics, to our plasticpiping, to just our roads,
asphalt, jet engines, I mean,everything we build around is
based on oil, and so when I lookat the challenges that oil
(23:25):
faces, we really just face abeing stigmatized in the short
term.
Well, when I look at that as wewere discussing, I'm kind of
happy about it.
Keep going after oil.
I want you to keep scaringmoney away, keep ESG scoring,
keep running big Wall Streetmoney out of oil, because while
(23:46):
you're doing that, while you'rescaring everybody away from it,
we're going to keep buying it,because we know that when the
dust settles and everybody comesout from under the ether and
they realize, oh my God, myTesla just crashed the power
grid they're going to run backto oil and the people that own
it are going to be sitting inthe position of strength.
(24:07):
I'm trying to get as big agroup as I can on that side
where, when it does happen, Imake as many people as much
money as I possibly can.
Look, I am greedy, I amcapitalistic.
I want the biggest house, thebiggest car, the biggest dog.
That's just my personality.
However, I know to do that, Ihave to win for my partners.
If I don't win for my partners,none of that is possible, and
(24:31):
so if you win, I win.
That's how we conduct ourbusiness.
Every decision we make has onefoundation to it Is it good for
our partners?
If that answer is no, we don'tdo it.
It doesn't matter how good itis for the company.
We give our partners the bestdeal Because, like I said,
without them we don't have abusiness, and so we take care of
our partners first and foremost, and then we let the chips fall
(24:52):
in the may.
We do what we say we're goingto do.
If it's good, it's good, I'mgoing to tell you it's good.
If it's bad, I'm going to tellyou it's bad.
I've had plenty of spot calls,spot died calls.
This is oil.
If anybody ever tells youthey've hit every well they've
drilled their line to, it's afiscal business.
You actually have to drill thewells and you're going down
thousands of feet.
(25:12):
Things can happen, and so don'twalk into this with
rose-colored glasses on thinkingthat everything's sunny.
No, it's not.
You have to be very cautiousabout what you're doing and
question it.
However, we like to providepeople the tools to ask the
proper questions where they knowwhat they're looking at,
whether they get involved withus or not, if we can arm them to
protect themselves a little bit.
(25:34):
We've done some good.
Now, if we arm you and protectyourself a little bit and you
participate with us, even better, because I know I'm making some
money Right now.
Everybody's in oil, everybody'spaying it.
You look at inflation and youlook at everything going up.
Why do you think it's going uplike this?
Do you not think, then,transporting those products to
(25:54):
the market has something to dowith the cost of it?
Do you not think, then,transporting the clothes to the
clothing stores has something todo with the price rising?
Yes, I know there's otherinsular factors, but the fact of
the matter is energy is thereason inflation happens.
We could crush this, and soit's going to happen.
Do you want to be on the trainthat helps?
(26:15):
Do it?
Do you want to be in a positionwhere you're actually making
money from oil when everybodyelse is losing, myself included?
I pay it, just like you do.
However, the one position thatme and my partners are that a
lot of people aren't.
Ours isn't just going one way.
We got it coming back to usbecause we're producing it, and
so that's what we like to do.
We like to help as many peopleas we can, make them as much
(26:35):
money as we can.
Look, that's how you keep score.
I'm an old jock, I love ball,and when I got out of high
school I had to find a game.
I have to compete, and Ifigured it out.
You compete with dollars andcents.
How much money have you madeyour partners?
That's my scoreboard, because Iknow if I've made them a lot,
I've made a lot, and so that'sall we do.
(26:58):
We head down, tail up.
There are no simple answers.
One plus one will always equaltwo.
If it's 1.9 or 2.1, something'swrong.
And so, as long as you, as longas you're my wife tells me I'm
blunt to a fault.
Well, I would much rather beblunt to a fault and you know
exactly where we stand, than besoft and squishy and you always
question.
And so you know if it.
(27:21):
Like I said, if it's black,it's black, if it's white, it's
white.
There is no gray Gray's whereyou get in trouble, and so
that's kind of how we live ourlives.
Get you right between the eyeswith the good and the bad, and
as long as you know that we'vegiven you everything we have, I
tell my partners look, I can'tguarantee perfect results, but I
can guarantee perfect effort.
We'll give you everything wehave, and then we'll let the
(27:43):
chips fall where they may.
Thank goodness, we're good atwhat we do and those chips have
fallen in our favor more timesthan not, and so we just love
for people to get involved andcheck us out.
Speaker 2 (27:56):
So you guys, what's your ultimate goal for how much
you're trying to raise over thenext few years?
What's kind of your game plan?
What are we looking for?
Speaker 1 (28:05):
Internally right now we can probably handle.
20 to 30 million a year is whatwe can raise as a group.
Like I was mentioning earlierwith the Choctaw field, we know
that to fully develop that fieldis going to cost us
$200,000,000 to do it.
Well, if we can raise 20, 30million a year here, for us to
do it ourselves it's going totake us 10, 15 years to do it
(28:26):
all.
And so, in a perfect world, ifI had my genie in the bottle and
I could rub it and we'd raisethe 200 million, because that's
what we needed to do.
And once now, what will happen?
Once we get to a point, therevenue will start taking care
of the field and taking care ofthe overhead and taking care of
the development.
However, you got to get to thatpoint first.
But to fully develop that, andif we could raise 200 million,
(28:51):
we'd potentially have the nextex on our hands.
I mean, that's what we'retrying to build, and if we can't
get to it and you don't want toyou don't want to insult
anybody, but what told me thiswas possible was I was watching
the news one day and RexTillerson I don't know if y'all
remember the Secretary of State.
He was the warm president ofExxon.
I saw him testifying in frontof Congress and don't get me
(29:14):
wrong, he's a brilliant guy.
I'm not, no, in no wayinsulting his intelligence.
I was just sitting therelistening to him speak and I was
looking at the manner in whichhe carried himself and I was
watching all that and, honestly,I was thoroughly unimpressed.
And when I'm sitting therelooking at that, I said hang on,
if this guy can be thepresident of Exxon, why in the
(29:35):
hell can't we build one justlike it?
He's no more intelligent thanwe are, you know.
Just because we live inKentucky, you know, doesn't mean
that we were born last night,and so we can sit down and put
this together.
And we sat down and put a plantogether and here we are, oh,
less than eight years afterstarting, sitting on a company
(29:57):
that could be valued worthseveral billion if we don't make
another move.
I don't know.
I think we got a shot at it.
Speaker 2 (30:07):
Yeah, it's crazy, it's just oil industry, Is there
?
Just curious, does thegovernment give any kind of for
the 506,?
Is there like any special taxbenefits?
I'm not too familiar.
Speaker 1 (30:18):
Oh, I believe they're the best in the world.
When you invest in one of ourprograms and our drilling
programs, let's just use 100,000.
Now, I'm not a CPA, I can't setit.
Everybody's going to vary alittle bit.
I'm just going to give you ageneral rule of thumb.
You put 100,000, one of ourdrilling programs.
You're going to write roughly90% out of year of the year.
It's an above line.
It's an above line deduction.
Basically, if you want to lookat it on your income side, you
(30:42):
make half a million a year.
Uncle Sam now looks at it likeyou made 410,000 cash on cash
side.
When it comes to the dollar fordollar, if you owe Uncle Sam
150,000 in taxes, youessentially owe him 115,000 now.
And no, it's probably that.
I'm sure there's some other taxbenefits that I'm not aware of
that are as good as this, but Ihaven't found any tax benefits
(31:03):
that are better.
In fact, december right now,because what my partners get to
do I mean it is beautiful.
They get to utilize their moneyfor the first 11 months of the
year, analyze their tax basis,see where they're at and, in
December, make investments withme.
I personally tell my partners Idon't believe any of y'all
should be paying taxes.
We have the product to coverwhat you're wanting to do, and
(31:28):
so if you invest in oil, youshouldn't because, look, you
want a true draw hole.
You're buying Uncle Sam.
He's not going to send any back, and so that's what we try to
do.
We try to provide it.
It really is.
The tax benefits in oil and gasare second to none.
I mean, he's roughly paying for35% of your investment and so
(31:48):
you're no longer paying on.
You're paying on $65.
Going in and I was talking to afellow the other day.
He said well, what does thisreally mean?
I said let me put it to youthis way let's say it takes us a
year.
It won't.
It really takes us anywherefrom three to eight months to
put the wells in production fora partnership.
I said well, let's say we don'tdo anything for the first year.
(32:09):
You realize I've still made you35% on your money in year one.
I said that's just on the taxbenefits.
Now, if these wells do what wethink they're going to do,
you'll have your money back intwo to four years, cash on cash
in your pocket, and we'llgenerate that revenue for you
for the next 10, 15, 20 years.
Best case scenario Heck, I'vegot partners that'll make 10, 15
(32:30):
, 21 of their money.
Worst case scenario we'recompletely wrong.
We miss every well we drill.
That hadn't happened in fiveyears.
Now, Not saying it won't happen, but, as I said, we're pretty
wrong.
Pretty wrong to go to what wedo, realistically probably going
to come back anywhere fromthree to five to one.
That's what I think ourpartnerships will average.
Now it's going to take 15, 20years.
(32:52):
Heck, we got a couple wells outhere that'll produce for the
next 30 years.
They'll be producing oil for mykids when I'm dead.
That's the nature of the beast.
In fact, the program we'refunding to end this year, we
drilled one well off the Choctawthat had nine different pay
sands.
Each one of these pay sands isessentially a well unto itself.
(33:13):
You produce them one at a time,from the bottom to the top.
They'll typically last anywherefrom three to five years each
pay sand.
This well had nine pay sands init and over.
I think it was almost 400 feetof total pay Well.
We're directly offsetting thatwell.
Next, that's the partnershipsthat we're funding for our
year-end program.
The other well in that deal isa well offsetting.
(33:36):
We just finished drilling awell that hit one pay sand that
was 112 feet thick.
It's the nicest pay sand I'veever hit.
I've never hit one that thickOne continuous pay sand.
Typically they're laminated,they're split up, but this was
one big, solid pay sand.
There could be a millionbarrels of oil sitting in that
one sand alone.
Well, we're drilling a directoffset to it.
(33:57):
However, with this offset,we're going to be able to take
it about 3,000 feet deeper andwe'll be able to test another
four or five pay sands in thatwell, and so I'm putting my
partners in a position where I'mdrilling direct offsets which
is the safest kind of well youcan drill to the two largest
wells I've hit in 30 years.
What are the numbers going tobe?
(34:17):
I don't know If they come onlike the first two wells.
If we get with those wells,it'll be 15, 21.
On your money, well, dividethat, say we're five times wrong
.
We just make it three to one.
We could be upset with us.
That's essentially what we'relooking at Now.
Like I said, worst case we missboth of them.
Don't think it's going tohappen, but being the oil guy
and being the cover your buttguy, I have to say it, this is
(34:39):
all.
We could miss both of them.
Like I said, I don't think it'sgoing to happen.
I wouldn't be offering it formy year, especially my year-end
deal.
I wouldn't be offering if Ithought that was going to happen
.
Realistically, man, I thinkwe'll knock the socks out of
both of them and I think thepartners will look at, over a
next 20, 25-year period, makingabout 10, 15 to one on the money
.
That's what I really think willhappen.
And so, look, it's not foreverybody, but if that does
(35:02):
sound like something that mightinterest you, just seein' about
it.
Learn about the taxman, learnabout the.
I'll sit there.
I'll show you how I run thenumbers.
I'll show you the ups, thedowns, the in-betweens.
I'll show you the pitfalls,I'll show you the risk.
This is your money we'retalking about.
Well, worst, when it's all saidand done, if you are not 100%
comfortable with who we are andwhat we're doing, like I said a
minute ago, I'll be the firstone to tell you don't do it.
I mean I tell my guys look, Idon't care if it's the little
(35:25):
hair on your pinky toe, if ithas a question, shame on you if
you don't ask it.
That's what I'm here for.
I wanna make sure everyquestion is answered.
That way you know exactly whatyou're saying.
Yes, you're no kidding.
And if you say yes, I believeit'll be one of the best
decisions you ever made.
If you say no, hey, you're notgonna hurt my feelings.
I've been in oil and gas.
I've been told some crazythings over the phone before.
You're not gonna hurt you.
I promise you you're not gonnahurt my feelings.
(35:46):
You know I'll be disappointed.
I wasn't able to go to work foryou.
I feel like I've cost you somemoney but not getting involved.
But once again, I'm not gonnatwist your arm, yank your hair
and push you through a door youdon't wanna go through.
That's not how we should dobusiness.
We show you why you should beon our team and then you make
the decision whether you wannabe on our team or not.
Speaker 2 (36:04):
Yeah, I didn't know.
That's pretty tremendous withthe tax benefits.
I could see like family officesbeing a good avenue for them
and also probably like highincome earners that don't have a
lot of write-offs, likeathletes, pro athletes, because
it's gonna be an ideal targetbecause their income runs out
after like five or seven yearsanyway.
Speaker 1 (36:23):
And most people I mean most people have tax
benefits that they can utilizethat they have no idea.
You know that mostly and I'mjust as guilty as everybody else
I'm not pointing out you know,all of a sudden you look up and
you forgot you hadn't doneanything and it's tax day.
Oh hell, I gotta get all thisdone so you can get it done and
pay them.
Well, no, that's really not anintelligent way to do it.
You know, if you sit down andplan out, you shouldn't have to
(36:47):
pay any, not if you properlystrata.
You know I love the debatebetween when Hillary and Trump
are on stage and Sheila said youdon't pay any taxes, yeah,
because my CPAs are much smarterthan yours.
You know you're not breakingany laws.
You utilize every tool theygive you.
I guarantee you, if thegovernment had a way to get
something from you and they hada tool to do it, they'd do it.
(37:09):
Well, if they've given you atool to get something from them,
why in the heck wouldn't we useit?
You know, if you really wereasked my heart of hearts if I
was going to be scared about theoil industry if somebody said
hey, what's the red flag?
You look at to see.
The oil industry is truly underattack.
It's tax benefits.
(37:29):
Keep your own tax benefits.
As long as they leave those taxbenefits alone, every attack is
false.
Every attack is just windowdressing.
The minute they go after thosetax benefits, that's when
they're really trying to shutall that.
Yeah, that makes sense.
Everything else you're seeingright now, I truly believe, is
window dressing, because theyknow.
I mean.
You look at the people who areputting money in green energy.
(37:51):
You look at worldwideinvestment in oil.
You realize worldwideinvestment in oil has gone from
roughly a trillion dollars in2013.
We're going to be lucky to hit350 billion this year.
So it's going down almost 70%in a nine-year period,
eight-year period.
While demand continues to rise,we're not drilling enough to
replace what we produce andwe're not producing enough to
(38:14):
provide what we consume, and yetthey keep pushing us away from
oil.
Well, it just doesn't makesense.
And so when you look at allthese numbers and you look at
everything that's building thisbig picture, well, why would
Exxon be putting so much moneyinto green energy?
Ask yourself that question.
(38:35):
Now, once again, I'm not goingto assign motives to anybody.
However, I do have a criticalthinking mind and I can analyze
it and say, ok, chances are.
Exxon knows what I know.
So one of two things hashappened.
Either one.
They truly believe that oil isdestroying the planet and
they're willing to submarinetheir company.
(38:56):
They're willing to submarineall of their investors chasing a
green energy.
They could be altruistic likethat and it could be happening.
Who am I to say they're notdoing it?
However, on the other side,they know what I know by
investing in green energy,they're getting tremendous tax
benefits.
(39:16):
At the same time, they'regetting social loving for trying
to save the world.
So there's two big positives.
But the biggest positive, onceagain, they know what I know.
They know, when it's all saidand done, nothing can replace
oil.
Well, once you expend all ofthis money chasing a wild horse
that you can't catch, and thenall of a sudden you go back to
(39:38):
the stall, how valuable is thathorse you already have in the
stall?
Well, when all of this is saidand done, what do you think
Exxon's oil reserves now will beworth 10 years from now, when
they've destroyed the oilindustry and everybody's still
addicted to oil?
5x, 10x, that's the long game.
Well, once again, I'm not goingto say which one they're doing,
(40:02):
but if I'm betting, I knowwhich one I'm betting on.
I'm betting on hey, they'regambling on their reserves.
When all this fails, theirreserves will be worth 5x
because they're the only onesthat have them.
And so it's all math.
You hate to say it, just followthe money.
It really is.
It's pretty simple.
We try to be the new wizards,are smart, and you set and watch
(40:25):
those talking heads on TV andthey say the same thing the 50th
different way, trying to soundsmarter than the next guy.
In truth, no, it's reallybasically simple, and we're the
ones that make it complicatedbecause people try to impress
you with how intelligent theyare and tell you the sun's now
(40:45):
pink.
Well, no, the sun's yellow ororange.
That's what it always is.
It's not going to change.
Just because you say itsomething else doesn't mean it's
something else.
However, we're getting intohabit of a lot of people saying
it's something else and peopleare unwilling to rebuke them.
(41:06):
Well, that's left.
Well, no, dummy, it's right.
Right's always been that way.
Well, maybe it is left.
What kind of good are we doingright there?
That's well, that same PBS kidasked me.
He asked me on woke kids, and Iknow we're going in a crazy
different area right now.
But this goes back to business.
At least for me, it personallydoes.
(41:26):
He goes.
What about woke kids?
What would you tell thoseparents?
Keep doing it.
He said huh, hell, yeah, keepdoing it, keep doing it.
Keep raising those candy asses.
Keep raising those kids thatcan't deal with conflict.
Keep raising because you knowwhat you're doing.
You're making the game mucheasier for my kids when they're
adults, because I'm treating my,I'm raising my kids with a
sense dude.
They're going to understand theworld is cruel, hard and cold.
(41:48):
It will cut your throat andleave you on the side of the
road if you're not prepared forit.
At the same time, there is somuch love and beauty in this
world that if you're preparedfor the bad and can deal with it
, you can create more beautythan you ever imagined.
However, don't disillusionyourself.
The number one prerequisite forsuccess is hard work.
(42:09):
The number two is work harder.
The number three is work evenharder.
If the talent's there, it'llwork itself out.
However, you cannot build workethic in somebody, and somebody
who's willing to work andsomebody who's willing to pay
the price is going to beatsomebody who's not every time.
And so keep raising your kidslike that.
I hate it for your kids.
You're setting up for failure.
(42:31):
You're setting them up for afalse world.
You're setting up and you wantto those kids holding a sign
protesting, I mean jeez Lee's,and that honestly, when it comes
to people shows I don't care.
But when you look at some of thekids protesting this Israel,
hamas stuff, and you look atthem, you say you realize they
would execute you in Palestine.
(42:51):
You realize that the peopleyou're supporting right now
would kill you for your beliefs.
What do you?
I mean, are you not intelligentenough to put those two pieces
together?
And no, I mean we have a bunchof zombies that have bought and
they just lost their criticalthinking ability.
And so, while it saddens me forthem, they're going to be a
footnote to history becausethey're not the ones that are
(43:14):
going to shape the future.
You can't.
I'm sorry they just I don'thave, I don't have enough
respect for them.
You've got to impress me.
There's plenty of politiciansthat, while I like them, no, I
wouldn't follow them into battle, and it's going to tell you I
think that's what they've done.
I refuse to accept anythingelse anymore.
(43:35):
I hate to be that guy.
But here in Kentucky, we justelected Andy Beshear again.
Well, I can promise you I amnot going to do what Andy
Beshear says just because AndyBeshear says you lost that right
and when you did what you didduring COVID, no, you completely
lost your right to government.
I'm not, I'll be, I'm not goingto break any laws, I'm not
going to do anything illegal.
I'm going to be the same guyI've been.
(43:56):
However, when you enter, enterat my home again and tell me
what I have to do with my kids,you're going to get a big.
You know we call it the burstof loot.
You know you're going to getthe big middle finger because,
no, you've lost that right andit's kind of scary.
It's kind of scary that they,they because I think there's a
lot of people that myselfincluded that a couple of years
(44:16):
ago, you see all this crazinessgoing on and you're, you're
thought running through the backof your head is surely the
government wouldn't do that?
You know, surely there'ssomething I don't know, because
that doesn't make sense.
Well, now you look back at itand I hate to say it, but hell
yeah, they would do it.
I didn't, you know?
(44:37):
And how many people have comeout from under that ether over
the last couple of years.
You know I didn't think it waspossible.
I thought, oh, it's bull.
No, none of that's going to.
That's crazy, that'sconspiratorial.
But then you watch the stuffplay out and you watch somebody
on the news.
You've watched it with your owneyes.
I don't need anybody to tell mewhat I saw.
I saw exactly what I saw.
(44:57):
There's no misinterpreting whatI saw.
Yet somebody's telling me it'scompletely different than what I
saw, on multiple occasions andmultiple.
And you're like hang on, hangon.
Are you looking at the samething I'm looking at?
And yeah, you just have.
You have a lot of people thathave come out from under the
ether and realized that the leftunderstood three critical
(45:22):
things, three vital criticalthings.
They understood before theright.
You control Hollywood, youcontrol the culture, you control
news, you control theinformation, you control schools
, you control the future.
They understood that before wedid.
They spent the last 60 yearslike we were talking.
The first move was removing Godfrom schools.
When you remove that conscienceand you remove who you're
(45:45):
answering to and diminish themall of a sudden, are you
surprised we're getting kidswith no morals?
Are you surprised we're gettingkids that would rather shoot
somebody than discuss theirdifferences and figure it out.
I mean, when you don't havemorals, you will do anything,
and that's the first step.
And so you can look at it.
And it was all a plan.
It's not.
This isn't a, this isn'tconspiracy there's you.
(46:07):
Just go look at history, justgo look at the.
In the early night, in the earlyteens I think it was 1912 or
1913 when they changed how weelected senators.
Well, that was the first shotfired across the aisle.
Senators used to be elected inthe state houses.
Each congressional district gota vote and they elected the
(46:27):
senator.
That way, each congressionaldistrict of the state got their
own representation.
The minute they made a popularvote for senator, what'd they do
?
They eliminated those smalltowns.
Now in Kentucky, if you winLexington, if you win Louisville
, you win the state.
That's why they did it.
You don't have to be a rocketscientist to to figure that out.
However, you do have to havethe courage to say no, that's BS
(46:49):
, you're wrong.
No, you did.
You did this for a specificreason, you know.
And then you look at the move tothe left of the country.
The problem that's happened isevery time it moves to the left.
Let's say it moves this farover one president, and
everybody corrects when we electsomebody else.
Say Kennedy, kennedy would havebeen a Republican now.
Let's say you would have letKennedy in the 60s.
What do you do?
(47:10):
He moved it back to the right.
However, it wasn't back to truecenter again, he just moved
back to the right a little bit.
All of a sudden, lbj comes inand moves it further.
Nixon comes in and moves itback.
Well, guess what?
You're even further from whereKennedy got it.
Then Carter comes in, and thenReagan.
Well, guess what?
Every time we've done that endsup further and further to the
left.
So we've been losingincrementally every step of the
(47:30):
way.
And so then you look at it andyou say okay, well, how's the
left winning like this?
Well, they divided us.
You're conservative, you'reliberal, you're Republican,
democrat, you're pro-life,pro-chuk, you're rich, you're
poor.
They divide you, so you fightagainst each other when you
break it down.
Look, I truly believe therereally isn't conservative,
liberal, there's traditionalAmericans.
(47:52):
You leave me alone, I'll leaveyou alone.
I know what's best for myfamily.
If I need help, I'll ask it.
If you need help, ask me.
I mean you.
Just you want the best for it.
That's just a general sense ofprinciples.
I think that is by far thelargest voting block in the
country and they've divided usfor years where we don't know
that, and so when I look at that, then I look at Republicans.
Well, they typically stand withmost of those values.
(48:13):
So hang on.
So, mitch McConnell he's myKentucky Senator You've been in
charge of the largest votingblock in American history for 40
years now.
You've been there and you'vebeen in charge of this voting,
of this voting block, and you'vebeen just good enough to lose
(48:34):
every major issue over a 40 yearperiod.
No, that's not a coincidence,that's a strategy.
And when it's all said and done, the rhinos they're going to be
the one, them and the media,because one day America will
fall.
Don't know when that day willhappen.
One day it will happen and whenit does, you look at the rhinos
(48:55):
and media and those will be thetwo main culprits.
Because I can deal with theDemocrat.
Honestly, I can't.
If I know you're going to throwit left and the straight right,
I'm prepared for what you'regoing to do.
I know what a Democrat's goingto do.
Or, rhino, they stab you in theback at the most least
opportune moment.
I mean, it's every time.
Look at government programs.
How many times, how manygovernment programs have you
(49:18):
seen that if the program, if itwas a five when it started, that
they solved the problem?
Most government programs, if itwas a five when they started,
now it's a 10.
Hang on, either the same catran every program and was a
moron.
Every person they hired to runthose programs were morons or
(49:40):
was intentional.
It can't be both.
You just start looking at thoseand all of a sudden, if you
break it down and put an eitheror on all these decisions and
everything you look at, look,this has been designed.
This has been a constant attackon the country for a hundred
years now.
And the reason conservativesreally I blame myself, guys just
(50:04):
like me.
We saw it coming.
Hell, I was speaking at teaparties in 2012,.
I think it was 2012, 2011, 2012.
We were speaking at tea parties.
We saw it coming.
However, at that time it was inCalifornia, it was in New York.
It wasn't in my circle, so Ididn't really pay attention to
it.
I'm too busy making money, I'mtoo busy using my intelligence
elsewhere that it's needed, andso I'd give them half my brain.
(50:26):
Well, now I realize they'retrying to break us, they're
trying to end the country.
You're no longer getting halfmy brain.
Now I'll pause this for aminute and I'll turn off.
Focus all my efforts on you.
And that's what they haven'tseen.
They haven't seen the actualintelligent side of America
stand up and say, okay, enough'senough, because it never was in
their circle.
Now it's getting in theircircle every day and I don't
(50:51):
know, I don't know.
I just kind of that's the world.
I got kids and all this stuffgets on your head.
You start wondering.
You wonder what kind of worldyou're leading for your kids.
And now you look at some ofthese stuff they do on social
media I was, you know.
You just flip through and yousee what some of these people
are doing.
You're like, I'm like what?
In what world did you thinkthat was proper?
You know, don't get me wrong,I'm all for free expression, but
(51:13):
I'm looking at this girl.
One time I was in New Orleans.
She comes walking in, has halfher hair is green, half her hair
is purple, 12 differentearrings in one ear, big nose
hoop.
You know the witch stockings,the black and white stripe
stockings.
You know black and white sockslike a fairy skirt.
And I'm sitting there lookingat her.
(51:35):
And if you're going out toparty, that's one thing, but she
was going to work.
There's not one world in which Iwould hire you.
I'm sorry, you're not the imageI want to.
In what world did you thinkthat would not have an effect on
what?
No, you're doing it.
So people give you thatreaction.
Then you can blame them forbeing oh, there's knobs.
(51:58):
No, you look like a moron.
I'm sorry, I hate to you want.
I hate to hurt your feelings,but you look like a moron.
I will not have yourepresenting me.
That's why I didn't hire you.
You know, and they, they getall been out of shape.
Oh, and it's like well, hang on.
When you put your money up andyou earn and you open the
business and you start payingthe employees, then you can tell
me what you can wear to work.
(52:19):
But until then, you work for me, I don't work for you.
Well, my partners can say thesame thing to me I work for them
, they don't.
They don't work for me.
That's why they're so vital tome.
I know that most people didn'tcome by their money easy.
Most people had to pay a heavyprice, had to miss dinners, miss
little league, ballgames miss.
(52:39):
They had to miss a lot to besuccessful.
And so for you to have thatfaith, what you spent so much
blood, sweat and tear earning,shame on me if I ever violate
that.
I give my parents, give mypartners, really two guarantees.
One, if you ask me a questionthat I don't know the answer to,
I guarantee I'll find it foryou.
Two, if you call me and, forwhatever reason, I don't answer
(53:00):
my phone, I'll call you backbefore I go to bed that night.
And that that's really the onlytwo guarantees I can give them,
other than I'm going to be oneof the hardest work employees
you ever hired.
But no, panxus slash learns agreat place to go Heck.
You email me.
My email is rjbur.
At panxus.
We loved it to open Heck.
We'd like to talk to everybody.
That's the key to this.
(53:21):
We want to open a conversationand get as many people excited
about what we're doing as we can.
Speaker 2 (53:27):
Love it, Love it.
Yeah, and this is going to saywhere's?
Where can people find you?
As we wrap this up, you saidthere's a second website as well
that have the there'spanxdeclearn.
Speaker 1 (53:36):
Yeah, panxus is the is the main company website for
the portal for new partners.
For guys that have neverinvested with us, we point them
to panxus slash learn, and thatthat's our, that's our
educational site.
That's the one that gives themjust really a good idea about
who we are.
When you get there, there's atwo boxes and then they're like
a little.
You type your name in we haveto know who's going to it, and
(53:59):
so you type your name in andbasically just your contact
information and then when youhit enter, boom it's.
It redirects you to the homepage and you have basically a
plethora of material you can gothrough to see who we are, what
we do, what we look for in oil,just kind of give you a basic
foundation of oil knowledge.
You know oil 101.
That's it.
Oil and gas 101, as we call it.
(54:19):
Just kind of give you a basicfoundation of oil, show you what
products are with oil.
I mean it just kind of we wantyou to know what you're saying
yes or no to, but we want you toknow how important oil is in
your life.
I mean, without oil we are notthe modern world, and American
oil has built the world and it'sbeen shunned for the last 60
years.
Well, it's time to makeAmerican oil something again.
(54:41):
There's a reason American oilbuilt the world, and it's I mean
one more war two.
Without American oil, we don'twin World War Two, you know.
And so it's just it's.
We need American oil and we need, we need some good stewards who
go out and gain control of thisstuff so we can basically make
sure that we as a country haveenergy, because if you leave it
(55:02):
at oh, would you leave anythingup to Washington?
You know, who do you think'sbetter going to take care of it,
them or us?
Right?
Well, I believe we will.
And so we, we, we welcome youto board Heck.
We love partners to come to thefield.
I mean, like I said, this isyour money we're talking about.
Come out there and see how it'sspent.
When you go out and we're inthe middle of the swamps and
(55:25):
Bayou, you go out there and yousee our facilities.
Man, it's, it's impressive, andit really is.
We don't we make sure we do itright.
There's a lot of, a lot ofmoney riding here and we dot
every I across, every T and welook twice before we cross the
road.
Speaker 2 (55:42):
Perfect.
Well, RJ, thank you so much foryour insights and time.
Your knowledge is prettyextensive.
Thank you again for being onthe Ultra High Network podcast.
Speaker 1 (55:51):
Oh, of course.
Thank you very much.
I can do anything, just let meknow.
Speaker 2 (55:54):
Perfect.
Thank you, hey, it's Jonathan.
Make sure to download andlisten weekly as I bring the top
guests and the Ultra HighNetwork niche, sharing their
best insights and providingexclusive resources.
Finally, I get a lot of peopleasking me to help them one on
one.
Yes, I can, but it's verylimited.
Go to a revenue assigned forbusiness and CMO consulting.
(56:17):
For real estate investing, goto Midwest Park Capitalcom and
those looking to invest inservice-based business rollups
go to business cash outcom.
All links are included below.
Please like, comment and sharethis podcast with your friends.
Thanks for listening.
Popular Podcasts
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!