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. -----* 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.-----Thanks to our sponsor!MicroAcquire is the #1 startup acquisition marketplace. It is simply the most efficient way to buy and sell startups when you’re ready to make your next move.-----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?-----Links:* MicroAcquire-----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.-----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#80 How One Tweet Led to One SMB Acquisition!Subscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo 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 [email protected]