The Business of Building DrillCos. A Moneymaker Forum afternoon keynote given by Mark Stoner, Bayou City Energy in Oklahoma City, Oklahoma on 4 April, 2019.
DrillCos can be an important off-balance sheet source of capital, which allows an operator to high-grade its on-balance sheet dollars and create reserves and cash flows out of dormant or long-dated inventory. DrillCo structures come in many different permutations, so understanding how to align structure with strategy is critical to achieving a successful partnership.