Episode 32 with Gary Covert

 

"I had an old customer talk to me and said that he was starting to acquire oil and gas wells and develop them. And would I be interested in talking about it. And it's like, “Is that a thing?” Because he was talking about it like flipping houses. I was like, “Really?” He said, “Yeah, that's a thing.” We partnered up. We got a couple of investors around a handful of wells and got our first assets going. And then after that, we made another acquisition for a lot more wells with a couple of family offices and a handful of high-net-worth investors. We've been in I guess we're going on four years now and it's been a really interesting learning curve for me. And one of the big things that I've learned about oil and gas is how closely it is analogous to multifamily.”

Join Glenn as he interviews Gary Covert, the founder of Gary Covert Consulting and partner in Lodestone Energy Partners. Gary is a top executive coach and advisor who has helped leaders in many admired companies reach their potential and boost their effectiveness. He also specializes in acquiring, optimizing, and managing oil and gas wells in West Texas. Since 2020, Gary’s oil and gas development company has grown from a few wells to hundreds, and he hopes to move into the thousands in the coming years.

 

Glenn and Gary discuss:

• Consulting with mid-size and large companies
• Company culture and matching people with positions in organizations
• Understanding the basics of the oil and gas industry
• The similarities between oil and gas and real estate
• Acquiring and operating oil and gas wells
• Improving operations and return
• Challenges of management in the oil and gas industry
• Understanding LNG and natural gas
• Hedging and financing in oil and gas
• Gary’s podcast – Leading Prosperity
• Entrepreneurship and financial independence
• The importance of good operators
• The value of curiosity and consistency

 

Episode Links:

LinkedIn: @garycovert

X (formerly Twitter): @garycovert

 

https://garycovertconsulting.com/

 

Leading Prosperity Podcast

 

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THE MILLIONAIRE JOURNEY

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https://www.verticalequityproperties.com/

 

LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney

Podcast Management by Kelly Carlson Creative Services