Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) are joined by David Rontal (@davidrontal) to talk about the Oil & Gas Industry, its value chain, industry trends & opportunities, covid effects & labor issues.We discuss an Oil & Gas services Deal, and a Cannabis farm Deal based in Colorado, which surprisingly have many parallels. -----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on twitter @acquanon Learnings about small business acquisitions and operations.-----Thanks to our sponsor!MicroAcquire is the #1 startup acquisition marketplace. It is simply the most efficient way to buy and sell startups when you’re ready to make your next move.-----Show Notes:(0:00) Intro(2:15) What is the value chain of Oil & Gas companies? What does each player do? What are the stages?(8:08) Why is the business so tough from a legal perspective? How is the mineral owner mindset?(11:05) Exit strategy? How does the Oil & Gas interest marketplace work?(16:32) Deal 1: South Texas Well Cementing & Acidizing Company (18:03) What does the company do? How do they operate? Where are the costs?(23:58) Services business in Oil & Gas: Is it lucrative? What should you look out for? Where is the value?(27:28) Why do they have more trucks than employees? What’s happening with labor?(31:37) What would you recommend to investors looking to enter the industry?(37:01) Microacquire(38:58) Deal 2: Cannabis farm based in Colorado(41:27) What does the Marihuana retail market look like? What does the location tell us?(45:32) Is there information missing on the listing? What hidden costs should you ask for? Is there a permitting process to be considered?-----Links:* MicroAcquire-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#83 Can you grow a business in a shrinking market? Featuring baller @WilsonCompanies as a special guest!#82 How Great Operators Win! How PE does it like pros with Mark Brooks#80 How One Tweet Led to One SMB Acquisition!