#023: Retiring From Oil & Gas After 40+ Years with Chuck Prickett

Software geek alert! Today’s interview is with Chuck Prickett, an employee with Associated Systems with over 40 years of experience in the oil and gas industry. Phil and Chuck chat about his career at Associated Systems and the work he’s done with GOALS, an accounting software developed by him and a few other software developers for Associated Systems. They discuss how GOALS has evolved over the years, how clients have helped improve the software and his memories of building relationships with his customers throughout his career.

Here are some of the things you can look forward to in this episode:

  • Chuck’s experience of working for Associated Systems
  • Developing the software for GOALS
  • His favorite memories of customers and the relationships he’s built with them
  • Why Chuck is retiring from his work after 40+ years

“That was the only thing that really kept me awake some nights was laying in bed knowing that I was the only support that they had for their systems.”

– Chuck Prickett

Highlights:

2:30 How Chuck got started working at Associated Systems
6:02 How the GOALS software has evolved over time
9:28 Doing onsite installations
10:18 Transitioning clients from IBM Systems to PC
11:44 Working on the GOALS side by himself since the ’90s
13:52 How customer updates help them to make changes to the software
17:23 Building relationships with customers over the last 20-30 years
20:21 What Chuck wants to do post-retirement
21:20 The bad side of getting to know your customers 

About Chuck Prickett:

Chuck Prickett has worked at Associated Systems since 1978. He was one of the original software developers of the oil and gas accounting system named “GOALS”, and has continued to support GOALS clients since the beginning. He will be retiring at the end of 2019 and is slowly phasing out of his client support work.

Associated Systems, Inc., located in Wichita, Kansas, was founded in 1974 as a software consulting and development enterprise and has a long history of successes. One of those being the longevity of its customer base and its employees. Over the years, ASI has installed over 450 systems nationwide in its vertical markets.

ASI began with its first Oil & Gas customer in 1974, and they remain a customer to this day. The original system was designed and developed for the IBM System 32, and as Systems 34, 36 and AS/400 were introduced, ASI’s software products evolved to take advantage of the increased features and abilities of those systems. With the advent of the PC, the software was re-written and was made accessible and affordable for operations of all sizes. It was named “GOALS” for Gas, Oil And Land Systems and it revolutionized the way the smaller producer managed his business.

Connect with Chuck:

LinkedIn | Associated Systems

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.

Click here to watch a demo of the software in action right now.


#022: New App Disproves Global Warming, Empowers Industry with Gregory Wrightstone

Have you ever had a conversation with someone about the earth and their opinion on global warming? Chances are, you probably have. On this episode, Phil sat down with Gregory Wrightstone, author and creator of Inconvenient Facts, an app and book that helps to disprove a lot of the myths that we hear about our planet and global warming. He shares what we’re not being told and how numbers are manipulated with global warming statistics. He opens up about his hopes for how his book and app will empower those working in the oil and gas industry. 

Here are some of the things you can look forward to in this episode:

  • What Gregory’s goal was for his app, Inconvenient Facts
  • How getting banned from the app store helped with book sales
  • How the app will help users, specifically those in oil and gas
  • How data gets cherry-picked and blown up to look alarming

“I want to empower people with these inconvenient facts that dispute the notion of man made catastrophic warming.”

Gregory Wrightstone

Highlights:

1:17 The release of his app, Inconvenient Facts

2:46 How the app getting banned fueled book sales

5:50 Building his business without paid advertising

6:34 What Gregory hopes his app will do for users

6:47 The effect that CO2 has on warming

9:16 What we’re not being told about the earth

12:43 Not being told the whole story about what’s going on

13:18 The correlation between temperature and civilization

14:38 How numbers are manipulated with global warming statistics

16:56 How those in oil and gas can help disprove myths

About Gregory Wrightstone:

Gregory Wrightstone is a geologist who has been investigating the Earth’s processes for more than 35 years. He received a BS and MS in geology from Waynesburg University & WVU, respectively. Gregory’s debut book Inconvenient Facts – the science that Al Gore doesn’t want you to know has received glowing reviews and has shot up the sales charts, reaching as high as #13 on Amazon best-seller list and #1 in the Environmental Field.

Greg was driven to write this book after a search for climate truth revealed that many of the supposed climate-related predicted catastrophic events were not occurring and that the most likely primary cause of our current climate change is those same forces that have been operating for many millions of years.

His science-based view of ecosystems and humanity prospering due in part to rising temperatures and increasing CO2 has led to multiple radio and TV appearances including Tucker Carlson and Fox & Friends. Gregory is a strong proponent of the scientific process and believes that climate policies should be driven by science and facts, not by a political agenda.

Connect with Gregory:

Website | Facebook | Twitter | YouTube

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.

Click here to watch a demo of the software in action right now.

#021: Oil & Gas in Kansas with Ed Cross

How do conventional wells look in Kansas right now, what issues are they lobbying for across the state and what’s on the horizon? Today Phil is chatting with Ed Cross, President of the Kansas Independent Oil & Gas Association (KIOGA) about how he got into the oil and gas industry and how he ended up working for KIOGA. You’ll hear about the state and federal issues that they’re fighting for and what has been going on in Kansas in the oil and gas industry. Ed shares what he’s most excited about and the importance of educating others on the importance of oil and gas.

Here are some of the things you can look forward to in this episode:

  • How Ed got into the oil and gas industry
  • An overview of what Ed does at KIOGA
  • The statewide and federal issues that they’re lobbying for
  • What Ed is most excited about for the future of oil and gas

Highlights:

2:48 How Ed got into the oil and gas industry
3:21 What Ed does as the President of the association
3:59 What is happening in KIOGA and the oil and gas industry currently
4:58 What they’re fighting for at the state level
5:40 The issues they deal with on the federal level
7:20 The outlook of conventional wells moving forward in Kansas
9:13 Production in Kansas dropping due to financial issues in 2014
10:05 Adjusting technology to be used in Kansas
10:30 What KIOGA will be advocating for in the upcoming months
12:30 What Ed is most excited about for the future of the oil and gas industry

About KIOGA:

Founded in 1937, the Kansas Independent Oil & Gas Association (KIOGA) is a nonprofit member organization representing independent oil and natural gas producers in Kansas, as well as allied service and supply companies. The purpose of KIOGA as stated in the original articles of incorporation, is “. . . to improve the market for oil and gas produced in Kansas and to promote the welfare of the oil and gas industry in the State of Kansas.”

Independent oil and natural gas producers are nonintegrated companies which receive nearly all their revenue from production at the wellhead. Independents are in the oil and natural gas exploration and production business and are not major integrated companies who also refine and market petroleum end-products. Independents account for 93% of the oil and 63% of the natural gas produced in Kansas. Nationally, independents drill 90% of domestic oil and natural gas wells and produce over 80% of America’s oil and natural gas.

With over 4,200 members, KIOGA is the lead state and national advocate for Kansas independent oil and natural gas producers. We are committed to ensuring that tomorrow’s energy policy will be one in which our members grow and prosper. Our active presence before the Kansas Legislature, U.S. Congress, state and federal regulatory agencies, and other governmental decision-makers means the concerns of Kansas independent oil and natural gas producers are heard in Topeka and Washington.

Links:

KIOGA

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#020: The Inside Scoop at SherWare after 25 Years

It’s hard to believe that it has been 25 years since SherWare first started. On today’s episode of the podcast, you’ll hear from the employees of SherWare on what it is that they do with the company, how it’s evolved over the years and the most memorable experiences they have about working for SherWare. They share the biggest changes they’ve noticed and how they transitioned from working in an office to working from home. Phil chats with each team member to get their take on the business and how they feel about working for the company.

Here are some of the things you can look forward to in this episode:

  • Interviews with the developer and support team for SherWare
  • How technological advances have changed how SherWare supports clients
  • Transitioning from having a central office to a fully remote team
  • An interview with Phil’s kids, Mallory and John about their experience with SherWare
  • How SherWare’s newest employee, Eric feels about the company

Highlights:

2:05 What Anthony and Austin do at SherWare
3:36 The biggest changes that employees have seen at the company
5:52 How technological advances have helped with customer support
6:57 The most memorable experiences they have with SherWare
9:11 Building relationships with clients
14:01 Being able to provide updates to their software online
15:32 Their move from a central office to a remote office
18:10 Hiring for a remote team
19:38 Brining on their first salesperson after 25 years in the business
23:24 What Mallory and John do at SherWare
26:07 Their perspective on SherWare while growing up
28:20 How Mallory started working at SherWare
28:58 What made John decide to work for SherWare
32:47 How they’ve felt about working for SherWare
36:10 What John does after moving on from SherWare
37:21 What Mallory does outside of working with her dad’s company
41:52 What Eric does in the sales department of the business
43:42 The thing that surprised Eric the most about SherWare
45:34 What Eric noticed about their sales process

Links:

Sherwood Woodcraft
Sherwood Woodcraft Instagram
Marketing Magic Podcast

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#019: How SherWare Software Got Started 25 Years Ago

On today’s episode of the podcast, Phil is joined by his friend and business mentor, Robert “Butch” Rogers. Butch is a CPA who has his own accounting business and also works as a consultant for other CPA’s and producers in the oil and gas industry and as a contract CFO for a few oil and gas companies. Phil and Butch share how they got to know one another, how they both ended up living in Ohio and how Phil got started with his business, SherWare software 25 years ago. They chat about how Butch helped Phil with accounting items to include in his software and how SherWare software continually evolves according to the customers’ needs. 

Here are some of the things you can look forward to in this episode:

  • How Phil and Butch met each other
  • Why Butch left Texas and started his own CPA business
  • How Butch convinced Phil to move to Ohio
  • The story of how Phil started SherWare and how Butch mentored him
  • How SherWare has grown and evolved with the help of its customers

Highlights:

3:35 How Phil and Butch got to know each other
4:07 Leaving Texas and starting his own CPA business
5:37 Finding his niche as a CPA
7:38 Butch noticing that oil and gas clients didn’t have great accounting software
9:06 How Butch helped Phil with writing the SherWare software
11:50 Phil figuring out that he needed to focus on oil and gas
13:40 How SherWare has grown organically and been tailored to customers 
16:10 The ease of reporting that comes with SherWare
19:56 What smaller, independent producers are currently facing in the oil and gas industry
24:01 Working as a contract CFO and a consultant for other CPA’s and smaller producers
25:11 What Butch’s accounting firm will be doing next
26:33 How the numbers tell a story in accounting

About Robert Rogers:

Robert “Butch” Rogers is a Certified Public Accountant with a Master’s Degree in Taxation from Texas Tech University. He is a CPA in Wooster, Ohio and is a partner in the CPA firm Rogers Accounting Solutions, Inc. 

Butch has over 35 years of experience working in and with clients in the oil and gas industry. As a college student, he worked as a roustabout in West Texas. Upon graduating from college he worked for Gulf Oil as a business administration trainee, working in the Midland, Texas district office and the Monahans, Texas field office. He gained valuable oil and gas tax experience working with Coopers and Lybrand in Lubbock, Texas. During his time as a practicing CPA, Butch served a number of small independent producers as a trusted tax and business advisor. 

His speaking experience includes conducting continuing education seminars and webinars for various state societies of CPAs, Ohio Oil and Gas Association, COPAS, and Bisk Education. 

Connect with Robert:

LinkedIn | [email protected]

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#018: Oil & Gas In Kentucky with Ryan Watts and Mark Hughes

On today’s episode of the podcast, Eric Werdin, SherWare’s sales director, discusses the oil and gas industry in Kentucky with two leaders from the Kentucky Oil and Gas Association (KOGA), Ryan Watts, Executive Director, and Mark Hughes, President. They chat about the history of KOGA, the founding members of the organization and what KOGA does for the community in Kentucky. They also discuss the current state of oil and gas in Kentucky and their predictions on the future of the industry.

Here are some of the things you can look forward to in this episode:

  • What Ryan and Mark do in their roles at KOGA
  • How KOGA initially got started
  • What KOGA does for the community and economy
  • What will happen with the future of oil and gas in Kentucky

Highlights:

2:20 What Ryan and Mark do at KOGA
3:46 The history of oil and gas in Kentucky
6:09 The first well that was drilled in Kentucky
7:42 Who contributed to starting KOGA
9:15 The services that KOGA provides to the community
10:51 The current state and the future of oil and gas in Kentucky 
13:07 The operators’ current concerns
17:15 The perception of oil and gas

Connect with KOGA:

Kentucky Oil & Gas Association | LinkedIn | Facebook

The Kentucky Oil & Gas Association was formed in 1931 to represent the interests of Kentucky’s crude oil and natural gas industry, and more particularly, the independent crude oil and natural gas operators.

Our goals include promoting, protecting and advancing the interests of the oil and gas industry; opposing any unfair and unjust legislation which may adversely affect the oil and gas industry; and, disseminating reliable publicity to further and protect the oil and gas industry.

The Kentucky Oil & Gas Association is dedicated to the responsible production and conservation of Kentucky’s natural resources, while ensuring that its members are provided fair regulations, are educated on oil and gas issues, while protecting individual property rights, health, safety, and the environment.


Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#017: How Podcasting Changes the Conversation in the Oil & Gas Industry

Today on the podcast, Phil chats with Mark LaCour, a former market researcher who now produces some of the top podcasts in oil and gas. They chat about how he got started with the first podcast and how this led him and his team to create a number of other podcasts about the oil and gas industry. He shares what he has learned from the younger generation in the workforce about learning and networking. Mark also discusses a new AI technology he is developing to make recruiting the right employees for oil and gas much easier.

Here are some of the things you can look forward to in this episode:

  • What happened that led Mark to the oil and gas industry
  • His first company and how it has changed
  • Why he started the very first podcast
  • How his podcast network has grown since the initial launch

Highlights:

2:05 How Mark got started in oil and gas
4:57 Why the different sectors of the industry are so compartmentalized
6:39 The root of inefficiencies in the oil and gas industry
7:44 What ModalPoint is
9:43 How he got started with the first podcast
11:47 The current podcasts he runs and upcoming podcasts
13:07 Why a small, niche podcast is better
13:42 The hardest part about running his podcasts
15:02 What the Oil & Gas Global Network is
16:21 What Mark speaks about to other businesses
17:53 Mark’s happy hour events and how the younger workforce learns and networks
21:52 A software that Mark is developing
24:04 Challenge for the industry to change the negative public perception

About Mark LaCour

Mark has lived at the intersection of Oil and Gas and Technology for over 20 years. Later he started his own market research company and has a well-earned reputation as an industry “insider” and independent 3rd party researcher. This led to him becoming a part of the new media, where he has the top podcasts in the oil and gas industry. He is a sought after public speaker, author, sits on several oil & gas boards and has one of the top oil & gas presences in social media.

Connect with Mark:

Facebook | LinkedIn | Twitter | ModalPoint | ModalPoint Facebook

Connect with Oil & Gas Global Network:

Facebook | LinkedIn | Twitter

Oil & Gas Global Network podcasts:

Oil and Gas This Week Podcast
Oil & Gas Startups Podcast
Oil and Gas Industry Leaders Podcast
Red Wing’s Oil and Gas HSE Podcast
Oil And Gas Legal Risk Podcast
Oil & Gas Onshore Podcast

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#016: NAPAC Vendor Chats: The Businesses that Support Your Oil & Gas Company

In this episode of the podcast, Phil sits down with a few vendors in the oil & gas industry while at the National American Petroleum Accounting Conference (NAPAC) in Dallas, TX. He chats with each vendor about the company that they work for and what products and services they offer for their clients. You will hear about different companies that help make running an oil and gas business a lot easier. If you have been looking to simplify your oil and gas business, then you will want to tune in and hear about these vendors offer.

Here are some of the things you can look forward to in this episode:

  • Discussions with professionals from various organizations about their company
  • A chat with a company that bridges the gap between business and technology
  • How one company helps to mitigate risks for their clients
  • What goes into planning for NAPAC

Highlights:

2:20 What Eddye Dreyer Financial Services does
3:56 The consulting services offered through Eddye Dreyer
6:06 Transition processing
7:17 How Magnum Forge helps clients choose software and implement it
8:38 Partnering with software vendors
10:42 Bridging the gap between the business and technology
13:29 Business advocates with Stinnett Associates
15:20 Mitigating risks for clients
18:24 Taking care of the backend accounting with JC Data Services
21:58 Saving clients money by eliminating unnecessary steps
25:45 Helping clients with inventory management with B & L Pipeco
28:22 The products and services B & L Pipeco offers
32:16 Finding experienced oil & gas retirees to write courses
33:17 What continuing education looks like in oil and gas
36:36 Live action classes vs. web-based classes
38:02 Planning for the NAPAC Conference

About Companies:

Eddye Dreyer Financial Services:
Eddye Dreyer Financial Services was founded to provide specialized bookkeeping for the oil and gas industry. From our humble beginnings around a kitchen table to our current offices in Dallas and Houston, much has changed in nearly thirty years. One thing that hasn’t changed, however, is our commitment to providing accurate and reliable back office services. From joint interest billing and division orders to revenue distribution and regulatory filings, Eddye Dreyer is your partner for oil and gas bookkeeping.

Magnum Forge:
Magnum Forge works exclusively with midsize to large independent exploration and production companies. We lead successful ERP selections and implementations every day with our expertise in the oil and gas industry’s software packages. Let us help you scope your needs and determine your organization’s readiness.

Stinnett Associates:
Stinnett is a professional advisory firm that strives to maximize value for public and private companies. As a certified Women’s Business Enterprise, we serve Fortune 500 and Fortune 1000 companies and small-to-large size organizations with global operations.

JC Data Services:
JC Data Solutions is a complete business solution partner. Our flat-rate maintenance plans are designed to optimize your network performance and reduce IT support costs, allowing you to focus on your bottom line, not your technology.

JC Data Solutions has over 80 years of combined experience to serve the southern Utah area. Our promise to you…” We will provide you with the best technical services in the St. George area, utilizing experienced, highly trained staff and the best customer experience you have ever had from a technology solutions company. We will make it right or your money back”

B & L Pipeco:
Consistently adhering to a customer-focused mindset and a profound sense of urgency, our customers can rely on B&L Pipeco Services to fulfill their needs 24/7/365. Our immediate response services are backed by our vast customer base of several large and small independent operators. This enables us to provide cost advantages through economies of scale and allows us to pool inventory for quick ramp up or dissolution of casing inventory. B&L Pipeco Services entails a network of products, including unrivaled mill sourcing for OCTG, vast selection of premium connections and tubular accessories, and state-of-the-art production storage tanks. Our logistics company, InCompass, is the fabric that ties all our products and services together. As a leader in the transportation industry, InCompass Logistics provides service, value, and solutions for all of our customers’ needs. We are not just another OCTG distributor. Our network of experts helps us constantly focus on how to take the pain away from our customers.

PDI:
PDI’s world-renowned Energy division delivers top quality Continuing Professional Education to the energy business – training that is on target, on-site and on budget.  Each of our program authors/instructors is a “been there, done that” professional with outstanding industry knowledge coming from decades of industry experience. All instructors have the skills to communicate, at any level, the material your employees need to be more effective.

NAPAC:
NAPAC brings petroleum industry professionals together for two days of intense and important educational sessions enhanced by lively, productive discussions. Each year, NAPAC features topical general sessions and detailed, track-based concurrent technical sessions, as well as annual reviews of important legislative updates. The conference provides access to outstanding industry experienced speakers from both the government and private sectors and informative exhibits from leading industry vendors. This perennial favorite, considered by many to be the premier oil and gas industry accounting conference, has been running for more than 40 years and remains a very highly regarded and well-attended event.

Connect with Companies:

Eddye Dreyer Oil & Gas: Website | Contact
Magnum Forge: Website | [email protected]
Stinett Associates: Website | Contact
JC Data Solutions: Website | Contact
B & L Pipeco: Website | Contact
PDI: Website | [email protected] | NAPAC Conference

Head over to our website to set up a free account with SherWare software. Please make sure to subscribe and leave a rating and review on Apple podcasts.

#015: How to Retain Employees and Create a Positive Work Culture

Treating employees right and creating a positive work culture will save you thousands of dollars by simply retaining staff. Today on the podcast, Phil is joined by his friend and business coach, Scott Ballard, founder of the Confidence Coach. Scott shares why employers need to focus on employee retention and creating a workplace that people are excited about. He also discusses what he does as a business coach and shares the structure of some of his coaching programs.

Here are some of the things you can look forward to in this episode:

  • A rundown of what Scott does as a business coach
  • Why employee retention is so important for your business
  • How to create a positive work culture
  • Scott’s advice about investing in your employees

Highlights:

1:44 Scott’s background and how he got into his business coaching
5:53 What coaching is from Scott’s perspective
8:55 Learning to leverage a team in your business
10:20 How coaching is similar to brain surgery
12:31 Ditching limiting beliefs
13:14 Retaining good employees and developing underperforming employees
18:20 Finding out what motivates employees internally
22:20 The cost of hiring new employees
25:38 Scott’s coaching programs
29:12 Creating a family-like culture at the workplace
33:50 The importance of investing in your payroll

About Scott Ballard:

Scott Ballard is the founder of Confidence Coach LLC and is an author, speaker and coach for business owners with employees. He has 35 years of successful business ownership as his background. The last 10 years Scott has been coaching business owners on the strategies and tactics of engaging their employees in a fun, positive, respectful way. He has worked with everything from small businesses to Fortune 500 companies and has developed five different processes/trainings that build engagement, culture and leadership within businesses.

Scott is passionate and adamant about leveraging for each company the hopes, dreams and aspirations of not only the company, but of each employee in the company; which is the greatest untapped asset in every company in the world.

Connect with Scott:

Website | LinkedIn | Facebook | Youtube | Twitter | Book

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#014: How to Track Non-Operator Interests from an Accountant

On today’s episode, we chat with Wade Cox, Senior Accountant for JMA Energy Company, L.L.C. (JMA). He discusses the in’s and out’s of working as an accountant in the oil and gas industry. You’ll find out what Wade does accounting wise for JMA, how he keeps track of their oil and gas interests and the issues that come up in his profession. He also discusses what he does outside of his work with JMA as a tax professional.

Here are some of the things you can look forward to in this episode:

  • What Wade does as a CPA in the oil and gas industry
  • Reports that simplify Wade’s career
  • Wade’s experience with using Well Profits to track their clients’ interests
  • How Well Profits has helped eliminate human error

Highlights:

1:28 How Wade Got Started in the oil and gas industry
4:40 What Wade does accounting wise for JMA
6:10 How Wade keeps track of their oil and gas interests
7:51 The issues that come up when tracking non-operating interests
9:11 Revenue disbursement rules  
12:15 What reports make Wade’s job easier as a tax professional
15:05 The importance of being able to calculate the cost depletion
16:53 Wade’s experience with using the Well Profits software
19:02 How importing data has cut down on errors and saved time
21:20 What Wade does outside of JMA in accounting

About Wade:

I attended Southwestern Oklahoma State University and graduated in 1989 with a Bachelor in Science of Finance and a minor in Mathematics. Later, I attended the University of Central Oklahoma and obtained my CPA certificate in 1995. I have been working in the oil and gas business since 1996 for a company called JMA Energy Company, L.L.C. I started at an entry level position and worked in all areas of accounting in the oil & gas business (JIB, revenue, tax and financial accounting). I started my own oil & gas bookkeeping business in 2006. Some of my clients have up to 1,100 different well interests. I have been married for twenty years and I have a daughter that is nineteen and attending college. I like to read, watch movies and I love spending time with my two Golden Retrievers, Ethel and Hazel.

Connect with Wade:

LinkedIn

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