The Dentalpreneur Podcast w/ Dr. Mark Costes 2396: Avoid the Sharks and Win Big in Oil and Gas
Dec 8, 2025
In this discussion, Troy Eckard, a 40-year veteran of the oil and gas industry and founder of Eckard Enterprises, reveals insights from his extensive experience managing over $1.3 billion in assets. He explains the dramatic shift from speculative drilling to a data-driven approach. Troy also highlights how high-income earners, especially dentists, can benefit from lucrative tax incentives and immediate write-offs. He emphasizes the importance of vetting operators and shares strategies for balancing mineral rights with working interests to maximize returns and capital recovery.
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Technology Reduced Dry-Hole Risk
- Modern drilling technology turned oil and gas from high-speculation to data-driven extraction with far fewer dry holes.
- Troy Eckard says geology risk shifted to who has the best technical team and engineers.
Always Vet The Operator First
- Vet the people and teams before investing; the "who" determines your chance of success.
- Avoid small unvetted operators and insist on engineers, geologists, and transparent data.
Public Well Data Enables Verification
- Public data like an API well number enables independent verification of deals.
- The internet separated legitimate offers from scams by making filings and well data accessible.