Seldomly Asked Questions

SAQ’s are similar in concept to FAQ’s (Frequently Asked Questions) except for their… frequency.  (We don’t get a lot of questions at the Spear Brothers Group so we appreciate your interest in the few we do receive).

 

What does your company do?

 Pumpjack in the sunset

Many people claim to invest in oil and gas when they fill up at the pump; however our assertions go beyond that.  We are official oil and gas investors.  What does that mean?  We don’t actually produce anything (other than headaches for our accountant), what we do is help others find and coax oil and gas out of the ground. 

To accomplish this we allow others to drill on mineral leases we own or rent – this is called a “royalty interest.”  We also help fund drilling projects on other people’s leases – this is called a “working interest.”  Finally, we listen politely to cold calls from total strangers who ask us to finance their pet projects;  when the prospect appears particularly dubious we crinkle paper into the phone while losing connection – this is called “feigned interest.” 

Why all the barbed wire?

Barbed wireThe barbed wire in the Spear Brothers Group logo has actual meaning beyond the warm and welcoming symbolism.  In an effort to explore different career options, the teenage Spear Brothers were encouraged to spend their summers building miles of barbed wire fence on their Aunt Winnie and Uncle Tom’s ranch.  After several summers of digging post holes and rolling wire the boys developed a deep appreciation for that line of work and have not been tempted since to return. 

The brothers feel that the summers they spent on the family ranch building fences and performing other ranching duties significantly contributed to their overall education.  Today, when times get tough at work, they look back (fondly) at the summers spent building fence and remember how grateful they are for their family’s guidance in their career choices.

 

Why do you have so many companies?

Lengthy List of SBG Companies

Our decision to repeatedly incorporate is primarily based upon the old adage “You can never be too rich, too thin or own too many oil and gas companies.” We do have a method behind our obvious madness, but it does require a historical perspective (and perhaps an aspirin) to appreciate. 

As a philosophy, the parents of the Spear Brothers saw wisdom in creating multiple companies to share the risk among ventures. For many years their sons saw wisdom in retaining thousands of dollars by continuing to keep them separate (i.e., the legal and accounting fees required to seam the companies together were thought to outweigh the benefits of consolidating).   As a result, for the first decade of the new century thirteen or so companies operated under the Spear Brothers Group umbrella.

In 2010, a change in the business climate provided us an opportunity to invite three more companies to join the crowd huddled under the umbrella with the intention that someday these three newcomers would comprise the entire oil and gas division of Spear Brothers Group.  For more information on the transformation process and its streamlined results, see the company descriptions for the umbrella crashers, Realeza, Trabajo and Tierra, or contact us.  It is our goal that someday we will conduct most of our mineral business with only three companies and that this SAQ will be replaced with content of far greater significance.

 

Other Questions?

Question markDo you have other questions not answered here?  Send them to us and we’ll post the answers here.  (Not too many or we’ll be forced to change the name of this page.)

 

What's Going On With Spear Brothers - The good, the bad, and the ugly

What's Going on with Spear Brothers

Gulf Coast Finally Takes the Plunge

Jan 29, 2016 in Web News

Last, but not least, this month Gulf Coast Oil and Gas Company will join a number of our other companies who consolidated their leases into the pool which now holds the majority of our oil and gas interests: Realeza, Trabajo, and Tierra Del Spear. Come on in, Gulf Coast, the water is fine! (considering the plunging price of oil, the water is not only fine, but investing in it may in fact be more profitable)

Austin Suspends "Weird" Reputation for Five Months

Jun 05, 2015 in Web News

SBG welcomes back Nelson, who spent the first five months of 2015 in Austin serving the Texas Legislature (specifically the office of Fort Worth State Senator, Konni Burton). While there, he played a key role in the crafting and passage of a bill that would greatly reduce the amount of superfluous paperwork Texas teachers are currently drowning in (yes, you heard right, it is an attorney-initiated measure to reduce paperwork).  He also helped to craft and pass several resolutions including one that encourages the soon-to-be-relocating US Africa Command to make their new home here in the Lone Star State (miles and miles of land currently available because... well, it is Texas).  Now, with the long days of wrestling politicians and traffic behind him, Nelson returns to Midland, glad for the experience and ready to rejoin the normal, serene work environment at SBG.  Welcome back, Soldier.

Apocalypse When?

Jul 28, 2014 in Web News

When a newsletter from Faith Comes by Hearing arrived this month with a story about the "End of the Spear," it captured, not surprisingly, our immediate attention. Upon further reading (fortunately, the article included pictures), we were relieved to discover the reference was to a compelling movie about the Waorani people of Ecuador, and not the code name for an assassination plot against the Spear brothers. According to the article, when FCBH provided the Waorani's their first audio bible this summer they were greeted with a reception far more pleasant than the one received by a group of Americans that visited them in 1956 (all deceased, 1956). Greatly heartened to know the full explanation, SBG recently greeted Ken Edwards of FCBH with a likewise pleasant reception, even allowing him full access to a set of sharp silverware at lunch. (Any push to accelerate finalization of SBG's Disaster Recovery Plan would be purely coincidental at this time.)

That Ain't No Bull... anymore

Nov 12, 2013 in Web News

What do rifles, fishing rods and castrations all have in common?  While a valid first guess would be that they all represent fragments of Shane and Nelson's collective childhood memories, they are also part of the boy-to-man experience at a unique camp in Snyder, Texas called "Ranch at the Crossroad."  Over lunch today we learned that young men hand-picked by coaches at the local high school spend a week each summer at this camp, wrestling with all of these activities (plus a steer or two) while building character traits like respect and honor.  Sensing an imminent enrollment request, ranch director, Dave Bilderback, quickly directed us to one of his YouTube inspirational videos instead.

Yea, Though I Walk Down the Hallway

Nov 04, 2012 in Web News

SBG welcomes pastors and staff from Mid-Cities Community Church who will be occupying empty office space on our floor while space of their own is being arranged.  Although the senior pastor claims that this temporary residency is intended to assist Mid-Cities in maintaining church operations during their office transition, we have to wonder if the antics of the Spear brothers have finally reached a level commensurate with the necessity of constant spiritual supervision.

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