Rookie Landman Opportunities

  • 1.  Rookie Landman Opportunities

    Posted 10-29-2019 11:42
    Quick question for you seasoned Landman veterans out there.... I am 56 years old; and in the middle of training for a mid-life career change.  I am currently a high school teacher & coach in the DFW area (17 years); and also have more than 16 years of retail management experience (District Manager, Account Manager, Store Director, and Sales) prior to that, with Texaco, Mobil, Circuit City, and SuperValu.  I have just enrolled in Midland College's Professional Landman 6 month certificate course; and am interested in receiving advice from you veterans regarding my desire to become a Landman.  

    Is there a route you'd recommend I pursue?  Jobs that you'd recommend I pursue while taking this course prior to applying for Landman positions?  Networking opportunities that you'd recommend?  Things I should be doing now; while still working my full-time teaching/coaching job, to enhance my marketability as a potential Landman?

    I thank you all so much for any advice and wisdom you can send my way!

    Steve Nichols

  • 2.  RE: Rookie Landman Opportunities

    Posted 10-30-2019 10:56
    Edited by Marcus Brown 10-30-2019 11:18
    Once you calculate your current pay, benefits, and pension, I am fairly certain that it is going to be a pretty big pay cut that you are taking coming into the industry, and it will likely be years of work to achieve the same level of income that you are currently at.

    Entry level land techs that are in-house (work directly with a company, in an office) typically make $25-40k/yr including benefits to start, depending on a range of factors, new attorneys and degreed petroleum/energy land managers being in the $35-40k/yr bracket.

    Entry level field landmen and right-of-way agents can make $25-60k/yr without benefits, but expect to spend thousands of your first year income to get off the ground with a good laptop, printers, office equipment, an LLC, notary, and accounting costs. If you buy a 5th wheel RV, which is not a bad investment, expect to spend thousands more especially if you need to buy a truck to pull it.

    Those of us who make pretty good money have invested considerable amounts of time and money in education, degrees, and certifications along with a decade or more of experience. You may well be in your 60s by the time you break even on income.

    All of that said, if you are wanting to jump in, expect to live in Midland for your first few years as that will be where the work is unless you want to work for Purple. I believe that Purple hires entry level landmen for training in their Ft. Worth office, but their operation is a bit different than typical brokers as I think that you will mostly or entirely work in their office and the pay is likely to be on the low end of the above range. That said, the investment required to work there is much lower, since I believe that they provide most everything. There are a number of brokers and companies that hire entry level in Midland, I don't think that you will have much trouble there, but do expect to move there or buy an RV that you may not be reimbursed for.

    Marcus Brown, RPL CPLTA CNSA
    Independent Field Landman
    Brown Land Services, LLC

  • 3.  RE: Rookie Landman Opportunities

    Posted 10-30-2019 11:46
    There was an entry level landman job posted for Midland locals a week or two ago, it was $15/hr. That said, I think that $15/hr in Midland is probably about the minimum wage for any job there. Typically, $175-225/day is more usual.

    For health insurance, I use Liberty Healthshare. It is not "insurance" but it does satisfy the Obamacare insurance requirement and it has worked well for my family. Cost is $475/mo, which is much lower than the near $3000/mo that I was paying for an Obamacare plan. The do have some health requirements and they don't cover prescriptions, so they aren't for everyone.

    Marcus Brown, RPL CPLTA CNSA
    Independent Field Landman
    Brown Land Services, LLC

  • 4.  RE: Rookie Landman Opportunities

    Posted 11-05-2019 09:51
    Your welcome Mr. Nichols, all the best moving forward.  Yes, my mother and a few aunt's graduated from Phillips Unicersity as well. Definitely a small world. 

    Take care, 

    Curtis Gay

  • 5.  RE: Rookie Landman Opportunities

    Posted 11-05-2019 09:55
    You better give this another thought

    Sent from my iPhone

  • 6.  RE: Rookie Landman Opportunities

    Posted 11-07-2019 15:14
    I agree about giving it some thought, seasoned Landmen can't even get work. Unless they relocate and basically pay for everything.  Mileage included. This field is ridiculous after 17 years in the oil & gas industry I have changed careers myself.   I had a great career through the years but now.. whole new ball game and hard to make any money. Yes they expect all the certifications, LLC's and AAPL membership and on and on but do not want to even pay enough for you to keep up your expenses.   Bad choice !  My opinion of course

    Gina Bowman
    San Antonio TX
    (210) 677-2380