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

In this episode, host Rachel Reece sits down with Mark Castiglione, Partner of Oil & Gas Strategy at Veriten, to unpack three decades of career pivots, leadership lessons, and strategic insight across the energy industry. From early engineering roots in Burlington Resources, to Enron, investment banking, private equity, corporate development, board seats, restructuring, and international strategy—Mark shares the real story behind navigating an ever-changing industry with resilience and purpose. He also offers practical tips for energy career transitions that professionals at any stage of their journey need to hear.

The episode also includes an important Texas corporate law update on Senate Bill 1057, breaking down what nationally listed corporations need to know before opting in.

Whether you’re early in your energy career, considering a transition, leading a team, or looking for truth in the evolving global energy landscape, this episode is full of wisdom, candor, and practical guidance.

Time Stamps:

00:41 Caselaw Update

03:35 Guest introduction: Mark Castiglione, overview of experience. Texas Tech, Burlington Resources, engineering roots

10:00 Encana, El Paso Corp., Quantum Resources, SR Energy, timing around the 2014 crash

14:56 Advisory career, Sandridge, Meridian Energy, Riverstone, Alta Mesa restructuring

23:00 Board work, Post Oak, joining EOG, international deals, Middle East exposure

34:55 International expansion, advice for career transitions, importance of relationships

37:40 Final thoughts, encouragement for young professionals, closing legal disclaimer

In this episode of An Ounce of Prevention, host Rachel Reece sits down with the one and only Chuck Yates—investor, podcaster, and self-proclaimed “Galactic Viceroy of Collide”—to explore how AI is transforming the energy industry. Chuck shares the unexpected origin story of Collide, how a media venture evolved into enterprise AI software, and what Retrieval-Augmented Generation (RAG) really means for oil & gas companies looking to modernize workflows.

From automating regulatory filings to empowering engineers, capturing tribal knowledge, and rethinking how future experts are trained, this discussion dives deep into the real-world impacts of AI—what it can do today, where it falls short, and how early adopters can win big.

Whether you’re an energy executive, engineer, attorney, or curious tech leader, this episode is packed with insight, humor, and practical takeaways for navigating AI’s rapid evolution.

Time Stamps:

00:48 - Caselaw update

04:58 - Introduction, Chuck explains how podcasting, energy tech experiments, and COVID timing led to Digital Wildcatters and eventually to Collide’s early AI tools.

12:11 – RAG, Costs, & Preventing Hallucinations

Chuck breaks down Retrieval-Augmented Generation, why it matters for accuracy, and how Collide reduces token costs and shows source citations.

15:05 – Real-World Automation: Filings, Contracts & Workflow AI

A look at how companies use Collide for tasks like W-10/G-10 automation, contract matching, exception letters, and building workflow pipelines.

20:10 – The Future: Pattern Recognition & Hidden Insights

Chuck shares how AI will uncover correlations humans never look for, from frac performance issues to vendor-related patterns.

25:03 – Tribal Knowledge, Generational Gaps & Training the Next Experts

A deeper discussion on the loss of human apprenticeship, capturing undocumented knowledge, and preventing new skill gaps in the workforce.

31:25 – Legal Thought Partnership & Closing Reflections

Rachel explains how AI helps lawyers think better (not replace them), and the two wrap up with a look toward the future.

33:31 – Outro & Disclaimers

Closing credits, firm information, and disclaimer.