In this episode of An Ounce of Prevention, host Rachel Reese opens with a critical case law update from the 10th Circuit Court of Appeals examining Oklahoma’s Production Revenue Standards Act (PRSA) and the staggering financial consequences of delayed royalty payments. The discussion underscores how statutory compound interest and class action exposure can create nine-figure liability for oil and gas operators—even when payments are eventually made.
Rachel is then joined by Eric Fuller, President and CEO of Eikon-X, for an in-depth conversation on modern outsourcing, organizational agility, and career development. Eric shares insights on when outsourcing makes sense, how companies can move faster by buying outcomes instead of methodologies, and why boutique consulting firms are increasingly attractive alternatives to traditional models. The episode also explores career advice for professionals early in their journey, the importance of relationships, and how private equity–backed companies can unlock value through smarter back-office strategy.
Time Stamps:
05:00 Eric Fuller introduction
5:50 What Eikon-X is and what it does, serving the industry
7:11 The evolution from in-house back offices to outsourced expertise
09:38 Why companies want solutions, not methodologies
13:01 Specialists vs. generalists and corporate leadership pipelines
15:28 Career advice: increasing value early and staying open to opportunity
16:13 Long-term value of professional relationships
18:09 Fail often, fail fast: breaking things to find better solutions
21:29 Ideal Iconix clients: private equity, M&A, and growing companies
24:24 Final thoughts: supporting teams, saving money, and planning for uncertainty
24:48 Disclaimers, listener call-to-action, and contact information
What is An Ounce of Prevention?
Benjamin Franklin famously said that “An ounce of prevention is worth a pound of cure,” and we completely agree. On An Ounce of Prevention, Rachel Reese explores the legal developments affecting your business, helping you protect your interest and prevent legal trouble.
Rachel Reese, the Founder and CEO of R. Reese & Associates, draws on her many years of experience in energy law to bring you up-to-date information. She also interviews experts on their work, offering a wide range of perspectives on the intersection of law and energy.