What do Oil Field Drilling, Cannabis Farming and internet marketplaces have in common? - Acquisitions Anonymous Episode 85

Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) are joined by David Rontal (@davidrontal) to talk about the Oil & Gas Industry, its value chain, industry trends & opportunities, covid effects & labor issues.

We discuss an Oil & Gas services Deal, and a Cannabis farm Deal based in Colorado, which surprisingly have many parallels.

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Show Notes:

(0:00) Intro

(2:15) What is the value chain of Oil & Gas companies? What does each player do? What are the stages?

(8:08) Why is the business so tough from a legal perspective? How is the mineral owner mindset?

(11:05) Exit strategy? How does the Oil & Gas interest marketplace work?

(16:32) Deal 1: South Texas Well Cementing & Acidizing Company 

(18:03) What does the company do? How do they operate? Where are the costs?

(23:58) Services business in Oil & Gas: Is it lucrative? What should you look out for? Where is the value?

(27:28) Why do they have more trucks than employees? What’s happening with labor?

(31:37) What would you recommend to investors looking to enter the industry?

(37:01) Microacquire

(38:58) Deal 2: Cannabis farm based in Colorado

(41:27) What does the Marihuana retail market look like? What does the location tell us?

(45:32) Is there information missing on the listing? What hidden costs should you ask for? Is there a permitting process to be considered?

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Links:

* MicroAcquire

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Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.

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Additional episodes you might enjoy:

#83 Can you grow a business in a shrinking market? Featuring baller @WilsonCompanies as a special guest!
#82 How Great Operators Win! How PE does it like pros with Mark Brooks
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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com