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The Fort - An Entrepreneurship Podcast
#368 - Roe Patterson - Co-Founder @ Marauder Capital / Frmr CEO @ Basic Energy Services - Building & Investing in Oilfield Service Companies
Oct 14, 2024
Roe Patterson, a 29-year veteran in the energy sector and co-founder of Marauder Capital, shares his wealth of experience navigating the oilfield services industry. He discusses the critical need for risk mitigation and the strategies for acquiring and integrating companies effectively. Roe highlights the alarming loss of knowledge in the industry and the cyclical challenges of oilfield downturns. He emphasizes enhancing efficiency through technology while reflecting on personal experiences in driving business transformations amidst financial volatility.
01:30:13
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Quick takeaways
- Roe Patterson emphasizes the importance of hard work in gaining recognition, especially in a complex, cyclical industry like oil and gas.
- He highlights the critical role of technology, such as Vesto, in improving operational efficiency by consolidating financial management for multi-entity companies.
Deep dives
The Importance of Hard Work
Working hard is essential for gaining recognition from those who matter, regardless of the titles or relationships you may have. Despite coming from a family that faced frequent financial struggles, the speaker emphasizes that perception often clouds judgment, leading others to assume they had an easy path. In the oil and gas industry, the cycle of boom and bust adds to this complexity, where effort does not always equate to success. Ultimately, it is crucial to let your work speak for itself, as some people will never understand the true journey behind your achievements.
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