Family First; Always
Almost 39 years ago to the day this little girl got her first overriding royalty interest in a producing oil and natural gas lease; the first of many in fact. She went on to become a doctor.
Twenty months ago this little girl got her first overriding royalty interest in a producing oil and natural gas lease, the exact same lease, in fact. Thirty years from now I expect this lease to still be producing revenue for her and you never know; she may become the first petroleum engineer to drill horizontal wells on the moon.
A lot of leases in which I own all the working interest are burdened by overriding royalty interest to family and extended family. I have otherwise helped put a total of 10 kids thru college, all of whom grew up to be fine men and women. I've provided summer internships for two petroleum engineers and one petroleum geologist. A summer digging ditches and throwing 2 7/8ths tubing around will make you want to stay in school, promise.
My controller has been with me for over 35 years; she raised her two girls in the office, in a crib back in the map room.
None of this stuff will put $100MM dollars in my retirement plan, or get me on the board of Conoco Phillips, or on CNBC. I never cared about stuff like that. I always cared about family, first.