A new Fort Worth-based mineral management leader said his outlook is positive for the oil and gas industry after a rough 2020.
Travis Gist, who was recently hired to lead Argent Financial Group’s mineral management division in Fort Worth, as more private equity firms acquire mineral assets while major financial institutions are decreasing their service in the sector, there’s a greater need for mineral management firms.
“For a lot of these companies, they acquire all of these assets, but it doesn’t make real financial sense from them to manage the in-house,” said Gist, who has more than a decade of experience in this industry. ” So having a group that has experience in this industry to oversee the daily administration of these assets cannot only be more cost-effective, but it also offers that stability and peace of mind that the owners are looking for.”
Read the full story here, originally published in Dallas Business Journal June 10, 2021