“A lot of that has to do with understanding how to prospect and recognizing diverging trends and being able to assess predictability of zones and do basic geology,” he said. “Once a geologist, always a geologist. With all the places I worked and the exposure I've had, I have a good feel for if a play has potential.”
Experience is valued
Leadership changes at Chesapeake have led to hundreds of employees leaving the Oklahoma City company. Some, like Holman, have started new companies. Others have joined existing firms.
“Some of the people felt compelled to leave because they weren't sure what their future would be if they didn't take the buyout. Some were not anywhere near ready to retire,” Holman said. “There are still opportunities for people regardless of their age. The industry needs good, experienced professionals, whether they are land men, engineers or geologists.”
“Chesapeake has a very good set of experienced personnel, both young and old. You worked hard and were involved in a lot of different plays, garnering a lot of experience along the way. That experience can carry over to other companies or work forces.”
Holman said he has had several opportunities to work for existing companies but that he didn't consider those options.
“I was not going to go back to work for someone, but this was a perfect situation to be able to call a lot of the shots and work for myself and my partners,” he said. “It's a lot more relaxed and a less-stressful atmosphere.”