
TLD 056 - Day Rates, Mentorship, and the Future of Field Work with Kyle Reynolds
AAPL President Kyle Reynolds sheds light on the landman compensation crisis that's threatening the industry's future. While attorney salaries jumped 76% since 2000, field landmen still earn the same $400-500 day rates they have for the past 25 years. That puts them below the living wage in most markets. Reynolds shares AAPL's strategic plan to address the talent shortage before 40-50% of field landmen retire, plus insights on recruiting across oil, gas, and renewables.
What You’ll Learn
- Why field landman day rates haven't increased since 2000, despite doubled costs
- The real numbers behind the landman talent shortage and aging workforce
- How AAPL is tackling compensation conversations without price-fixing
- Why field experience matters more than ever for career advancement
- Smart strategies for justifying higher contractor rates to operators
Time Stamps
- 00:42 - Episode & Guest Intro
- 00:54 - Kyle's Journey as AAPL President
- 02:15 - The Evolving Role of Landmen
- 02:45 - Impact of Media and Education on Landmen
- 04:31 - Recruitment and Training Challenges
- 07:44 - Field vs. In-House Landmen
- 11:37 - The Importance of Mentorship
- 17:51 - Economic Realities and Compensation
- 26:46 - The Future of Landmen and Technology
- 35:11 - Understanding Brokerage Fees and Costs
- 36:10 - The Importance of Skilled Labor in Drilling Projects
- 37:54 - The Value of Investing in Quality Landmen
- 38:49 - Challenges and Strategies in Land Management
- 47:18 - The Debate on Licensing for Landmen
- 51:35 - Innovative Approaches to Land Management
Snippets from the Episode
- "Field landman day rates have been pretty stagnant, $400 to $500 a day in 2000, and that's still what they're making today. In 2000, a field landman made more than the average attorney. Fast forward 25 years, attorneys are up 50-something percent versus five." - Kyle Reynolds
- "If you just look at inflation, $400 in 2000 is $770 today. You took what was a really high-paying job and now you're scraping." - Kyle Reynolds
- "Texas is the only place that our field landmen are making money above the living wage standard. You could make more money working at Buc-ee's than doing this work on an hourly basis." - Kyle Reynolds
- "The forward face of your company is not your VP of land, it's the landman who actually took the lease and said, 'We're going to take care of you, Mr. Jones.'" - Kyle Reynolds
- "About 40-50% of our members are nearing retirement age. Most of those are the ones out in the field, brokers, independent landmen. That's where there really is this age gap." - Kyle Reynolds
Key Takeaways
- Field landmen earn below living wage in most US markets
- Day rates flat since 2000 while attorney pay increased 76%
- 40-50% of field landmen approaching retirement creates talent crisis
- COPAS billing rates up 350% while landman rates stayed flat
- Field experience essential for in-house career advancement
- Technology requires mentorship can't replace human expertise
- Quality contractors justify premium rates through measurable results
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Resources
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- Have Questions? Email us
More From Our Guests
- Kyle Reynolds - President - American Association of Professional Landmen
- Connect with Kyle on Linkedin
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