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:

00:25 Case law update

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