Thank you Energy Workforce & Technology Council for sponsoring this episode.
You hear it here first on Flipping The Barrel from Richard Spears - “ The Oil and Gas sector will become the most profitable business in the world, more than the Tobacco Industry” - “Oil will hit 150”.
In this episode we interview the oilfield legend Richard Spears. We ask Richard off the cuff questions that dive into his life story. We covered everything from where he grew up, how they did market research in the 70's, what made his firm successful, business mistakes and great advice on the future of the oil and gas service sector.
In this podcast you will find out that Richard worked together with his brother and father to help build Spears and Associates. In the business of market and research they gather data from around the world on all service lines. Richard talks about how in the 70s knocking door to door was the only way to gather data. There was no internet to pull information from. He tells us about the secret sauce in the 2000’s that changed the direction of their marketing firm.
In 1974 Richard took a “Gap” year before going to college. You have to hear about his 13th year and what this meant for his future. Richard did NOT want to work in the oil and gas business, he wanted to work for John Deer. There is an interesting twist to this story that ended up leading him right to his roots in oil.
Richard talks about his pump truck business in the 80’s and the cease and desist letter he received from HAL. There was a massive downturn that happened shortly after starting his business. We ask Richard the hard questions about the oil and gas service sector and how he kept pushing forward after his business failed multiple times.
Tune in to find out!
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