In this episode, we're joined by Chris Canon, VP of Land at Ridge Runner Resources II, LLC, for a candid and insightful conversation that pulls back the curtain on the complex world of land deals in the energy industry. With years of hands-on experience navigating high-stakes negotiations and intricate transactions, Chris offers a wealth of knowledge on the strategic decision-making that drives successful land acquisitions, trades, and swaps. We discuss how to identify when it’s the right time to trade or swap properties, the critical elements that make a deal truly beneficial for all parties involved, and the foundational role that trust and reputation play in this often tight-knit industry.
Chris also emphasizes the importance of thorough due diligence; why it’s not just a box to check, but a critical process that can reveal hidden risks, prevent costly mistakes, and strengthen your negotiating position. He shares lessons from his career journey, including key insights from deals that went well and a few that didn’t. In addition, we explore the often overlooked 1031 Exchange and tax implications that come with swapping properties and take a deep dive into a recent caselaw update that could have serious consequences for your next transaction.
Whether you’re a land professional, investor, or simply curious about the behind-the-scenes dynamics of dealmaking in the energy space, this episode is packed with practical knowledge, sharp insights, and real-world strategies you can put to use.
For more detailed show notes, navigate using the timestamps below:
[1:51] Chris discusses his work experience
[5:56] Halloween Dealmakers Haunted Hall Gala
[7:00] Discussion of how to know when to trade or swap a property
[9:10] The importance of networking and making a good impression
[12:00] Tips to make good trades and swaps
[14:25] Discussing Due Diligence in swaps
[15:24] Trustworthy people
[17:38] 1031 Exchange and tax implications of swapping
If you enjoyed this conversation and would like to discuss how RR&A’s Outsourced Legal Department can help your company, visit the R. Reese & Associates Website:
https://rreeselaw.com/
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.