Building a Successful Career in Oil & Gas w/ Terry Nixon - Ep. 82

FPO&G: Financial Planning for Oil & Gas Professionals

For more information and show notes visit: https://www.bwmplanning.com/post/82

In this episode of Financial Planning for Oil & Gas Professionals, we had the pleasure of hosting Terry Nixon, a seasoned veteran in the oil and gas industry with a career spanning over four decades. Terry, who is also my neighbor in Fort Worth, shared his incredible journey and the pivotal moments that shaped the modern-day Texas oil and gas landscape.

Key Highlights

✅ Early Career: Terry started his career at Northern Natural Gas in Tulsa, working in the gas purchase department. He later moved to Houston to work for Lone Star Gas and then Tennessee Gas Pipeline.

✅ Entrepreneurial Leap: In 1979, Terry and his colleague Chester Clute decided to form their own consulting company, Tulsan Energy, which later evolved into Transstate Gas Service Company. They capitalized on regulatory changes and market opportunities to build a successful business.

✅ Major Deals and Partnerships: Terry recounted his experiences working with industry giants like Kelsey Warren, Ray Davis, and Bob Phillips. He shared fascinating stories about the formation and growth of companies like Energy Transfer and Cornerstone.

Notable Investments and Successes:

✅ Energy Transfer: Terry discussed his early investment in Energy Transfer, which turned out to be a monumental success, yielding over 100x returns. He highlighted the importance of relationships and trust in making investment decisions.

✅ Strategic Decisions: Terry reflected on some of the pivotal decisions he made, including turning down an early offer from Kelsey Warren to join Energy Transfer's marketing team, a decision he later had mixed feelings about.

Industry Insights and Future Outlook:

✅ Energy Transition: Terry emphasized the ongoing transition in the energy sector, noting that while natural gas will remain crucial, there will be a significant shift towards renewable energy and cleaner technologies.

✅ Advice for Young Professionals: Terry advises to take calculated risks and consider entrepreneurial ventures, as the skills and experiences gained can be invaluable. Terry's story is a testament to the power of perseverance, strategic thinking, and the importance of building strong professional relationships. His journey from a gas buyer to a successful entrepreneur and investor offers valuable lessons for anyone in the oil and gas industry.

We're grateful to Terry Nixon for sharing his remarkable journey and insights with us. His experiences provide a unique perspective on the evolution of the oil and gas industry and the opportunities that lie ahead.

As always, we encourage our listeners to reach out with any questions or ideas for future episodes at [e-mail].

Thank you for tuning in, and we look forward to bringing you more insightful episodes in the future.

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Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.