Rhett Bennett's guest appearances

Rhett Bennett

Energy Week

The Fort - An Entrepreneurship Podcast

Naval Ravikant

Elon Musk

James Beshara

Bernie Sanders

Moses Kagan

Steve Robinson

Robin Sharma

Brad Hargreaves

Ayesha Selden

Ted Cruz

Austin Rief

Brent Beshore

Beth Azor

Matteo Franceschetti

Jilliene Helman

OwlTail

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyMoses Kagan is co-founder and partner at Adaptive Realty, a Los Angeles-based real estate development and property management company with $200MM in AUM and more than 1,000 apartments under management. He is also a co-founder of Re-convene, a real estate private equity un-conference, and ReSeed, which provides mentorship and capital to early-career operators.Rhett leads ReSeed's strategic direction and daily operations. He most recently served as Co-Managing Partner at Minot Capital, LP, where he led real estate investing. Previously, Rhett was President and Director of Research at Stillwater, a long-short hedge fund, and Chief Investment Officer at Arlington Family Offices. Rhett received a Bachelor of Arts from Brown University with a double major in Business Economics and History.On this episode, Chris, Moses and Rhett discuss:➡️ How ReSeed works➡️ What ReSeed is looking for in Partners➡️ How ReSeed empowers Operators to build their own companies➡️ What success looks like for Operators working with ReSeed➡️ Thoughts on the state of the Real Estate MarketChapters(00:03:31) - Rhett’s career(00:04:26) - Moses’ evolution in thinking over the past 5 year(00:06:40) - Launching ReSeed Partners(00:19:05) - Defining Subinstitutional(00:20:58) - Cohort #1(00:34:18) - The ReSeed Partner Track(00:39:35) - Is this a renovation strategy or is there any ground-up involved?(00:40:22) - What does a partnership with y’all look like in the first year?(00:43:58) - What markets are you open to?(0048:28) - How would you determine a successful year for an operator?(00:53:44) - How does the partnership work? What does someone get from y’all and what do they give up?(01:00:20) - Do partners have the opportunity to exit?(01:01:45) - Holding assets for the long term(01:04:40) - Autonomy for the operator(01:07:18) - Is there anything that is off-limits?(01:08:41) - Moses’ playbook(01:11:16) - How are you capitalizing this?(01:17:15) - How many people can be in one market before it's saturated?(01:17:57) - Other members of ReSeed(01:19:04) - Guaranteeing loans(01:22:11) - What are the couple of things people spend the majority of their time on?(01:25:39) - Is there a minimum size deal?(01:27:06) - What can this business look like 10 years from now?(01:29:06) - Thoughts on the current marketAdditional Resources👉 ReSeed Partners👉 Moses on Twitter👉 Rhett on LinkedIn➡️ Learn more about BetterPitch➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

<a href="https://docs.google.com/forms/d/e/1FAIpQLSe1BewlYibTuP1dO_yWdUMPs1a25KVY0KoFE84_afXbYz6NyQ/viewform" rel="nofollow" target="_blank">We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.</a> <a href="https://www.thefortpod.com/survey" rel="nofollow" target="_blank">https://www.thefortpod.com/survey</a> Moses Kagan is co-founder and partner at Adaptive Realty, a Los Angeles-based real estate development and property management company with $200MM in AUM and more than 1,000 apartments under management. He is also a co-founder of Re-convene, a real estate private equity un-conference, and ReSeed, which provides mentorship and capital to early-career operators.Rhett leads ReSeed's strategic direction and daily operations. He most recently served as Co-Managing Partner at Minot Capital, LP, where he led real estate investing. Previously, Rhett was President and Director of Research at Stillwater, a long-short hedge fund, and Chief Investment Officer at Arlington Family Offices. Rhett received a Bachelor of Arts from Brown University with a double major in Business Economics and History. On this episode, Chris, Moses and Rhett discuss:➡️ How ReSeed works➡️ What ReSeed is looking for in Partners➡️ How ReSeed empowers Operators to build their own companies➡️ What success looks like for Operators working with ReSeed➡️ Thoughts on the state of the Real Estate Market Chapters(00:03:31) - Rhett’s career(00:04:26) - Moses’ evolution in thinking over the past 5 year(00:06:40) - Launching ReSeed Partners(00:19:05) - Defining Subinstitutional(00:20:58) - Cohort #1(00:34:18) - The ReSeed Partner Track(00:39:35) - Is this a renovation strategy or is there any ground-up involved?(00:40:22) - What does a partnership with y’all look like in the first year?(00:43:58) - What markets are you open to?(0048:28) - How would you determine a successful year for an operator?(00:53:44) - How does the partnership work? What does someone get from y’all and what do they give up?(01:00:20) - Do partners have the opportunity to exit?(01:01:45) - Holding assets for the long term(01:04:40) - Autonomy for the operator(01:07:18) - Is there anything that is off-limits?(01:08:41) - Moses’ playbook(01:11:16) - How are you capitalizing this?(01:17:15) - How many people can be in one market before it's saturated?(01:17:57) - Other members of ReSeed(01:19:04) - Guaranteeing loans(01:22:11) - What are the couple of things people spend the majority of their time on?(01:25:39) - Is there a minimum size deal?(01:27:06) - What can this business look like 10 years from now?(01:29:06) - Thoughts on the current market Additional Resources👉<a href="https://reseedpartners.com/" rel="nofollow" target="_blank"> ReSeed Partners</a>👉 <a href="https://twitter.com/moseskagan" rel="nofollow" target="_blank">Moses on Twitter</a>👉 <a href="https://www.linkedin.com/in/rhett-bennett-cfa-68218356/" rel="nofollow" target="_blank">Rhett on LinkedIn</a> ➡️ Learn more about <a href="https://www.betterpitch.com/" rel="nofollow" target="_blank">BetterPitch</a>➡️ Fort Capital:<a href="http://www.fortcapitallp.com/" rel="nofollow" target="_blank"> www.FortCapitalLP.com</a>➡️ Follow Fort Capital on LinkedIn:<a href="http://www.linkedin.com/company/fort-capital/" rel="nofollow" target="_blank"> www.linkedin.com/company/fort-capital/</a>➡️ Follow Chris on Twitter:<a href="http://www.twitter.com/FortWorthChris" rel="nofollow" target="_blank"> www.twitter.com/FortWorthChris</a>➡️ Follow Chris on LinkedIn:<a href="http://www.linkedin.com/in/chrispowersjr/" rel="nofollow" target="_blank"> www.linkedin.com/in/chrispowersjr/</a>➡️ Sign Up for our Newsletter:<a href="https://dashboard.cohostpodcasting.com/shows/b7495657-2454-4a03-9224-a9c8da7d7436/episodes/ac7e54f5-e7c0-451b-b1bc-297f8813e2e7" rel="nofollow" target="_blank"> https://newsletter.thefortpod.com/</a>➡️ Subscribe to<a href="https://www.youtube.com/@FORTpod?sub_confirmation=1" rel="nofollow" target="_blank"> The FORT on YouTube</a>--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more. Be sure to follow the podcast, so you never miss an episode! The FORT is produced by <a href="https://twitter.com/johnnypodcasts" rel="nofollow" target="_blank">Johnny Podcasts</a>

Moses Kagan & Rhett Bennett - Co-Founders of ReSeed Partners - Building the Y-Combinator for Real Estate Operators

Wall Street projects a “higher for longer” era for oil pricesttps://www.worldoil.com/news/2021/10/22/wall-street-projects-a-higher-for-longer-era-for-oil-prices- An era has to be long enough to change how the industry functions- Citigroup Inc. said in a report this month that crude below $30 and above $60 looks unsustainable in the long-term. - Ed Morse thinks prolonged over $50 will bring 7 million bpd on the marketNearly half of American companies say they are short on skilled workershttps://www.cnn.com/2021/10/25/economy/business-conditions-worker-shortage/index.html- will "labor shortage" (companies' inability to hire workers) create permanently elevated business costs?Solar and Wind Force Poverty on Africahttps://www.wsj.com/articles/solar-wind-force-poverty-on-africa-climate-change-uganda-11635092219- Africa can’t sacrifice its future prosperity for Western climate goals- Neo-imperialism to impose a narrative that Africa can't access fossil fuels and must be consigned to solar/wind which isn't nearly as effective at providing electricity.- OPEC is sympathetic to this message. Will Africa save OPEC? Can OPEC save Africa?Tesla shares rise after Hertz says it will buy 100,000 electric vehicleshttps://www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html- Good idea for Hertz because Teslas will be a big draw for people who want to drive Teslas on vacation.Ahead of COP26, Saudi Arabia Resists Calls to Cut Oil Investmenthttps://www.wsj.com/articles/ahead-of-cop26-saudi-arabia-resists-calls-to-cut-oil-investment-11634911150Special Guest Rhett Bennett of Black Mountain Co.https://www.blackmountainoilandgas.com- Drilling situation in the US: real issues from labor situation. Labor is always a bit of an issue in Permian, but also in Eagle Ford. On the drilling side as well. Supply chain issues, also exacerbated for oil industry because of severity of downturn.- metals aren't available to implement transition in the way needed for transition- Sees oil over $100, higher natural gas prices this winter- Price increases will drive activity higher. Private companies are drilling a lot, public companies more constrained.- "If you are private, it's a beautiful scenario." Inputs on the cost side of the ledger haven't risen nearly as much as the returns side of the ledger.- Haynesville wells pay for themselves in 90 days - but they are quite dry, Permian wells are more heavily oil weighted.- 2022 budgets: lots of E&amp;Ps will want to increase drilling activity 20-30% and will want budget increases of similar amount. But will also have inflationary pressures that will hit production targets and so many will fall short.- E&amp;Ps did better consolidating during downturn that service companies so there's still a lot of competition in service sector- Consequences of capital starvation. Shale is a treadmill. If you hop off, looking at 50-60% decline rate.- Underground carbon sequestration (CCUS) - will it be economical without legislation on carbon tax in the US? CCUS in Australia - lots of capacity for sequestration in Australia.- Lots of countries don't have the right geology to inject and store carbon. Potential for this to become an import/export industry.- Sees battery tech as competitive with ICE engines. Problem is materials and minerals.- Metals and mining has had capital starvation for decades now. Average mine takes 7 years to go from discovery to production. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com

Wall Street projects a “higher for longer” era for oil prices ttps:<a href="//www.worldoil.com/news/2021/10/22/wall-street-projects-a-higher-for-longer-era-for-oil-prices" rel="nofollow" target="_blank">//www.worldoil.com/news/2021/10/22/wall-street-projects-a-higher-for-longer-era-for-oil-prices</a> - An era has to be long enough to change how the industry functions - Citigroup Inc. said in a report this month that crude below $30 and above $60 looks unsustainable in the long-term. - Ed Morse thinks prolonged over $50 will bring 7 million bpd on the market Nearly half of American companies say they are short on skilled workers <a href="https://www.cnn.com/2021/10/25/economy/business-conditions-worker-shortage/index.html" rel="noopener nofollow" target="_blank">https://www.cnn.com/2021/10/25/economy/business-conditions-worker-shortage/index.html</a> - will "labor shortage" (companies' inability to hire workers) create permanently elevated business costs? Solar and Wind Force Poverty on Africa <a href="https://www.wsj.com/articles/solar-wind-force-poverty-on-africa-climate-change-uganda-11635092219" rel="noopener nofollow" target="_blank">https://www.wsj.com/articles/solar-wind-force-poverty-on-africa-climate-change-uganda-11635092219</a> - Africa can’t sacrifice its future prosperity for Western climate goals - Neo-imperialism to impose a narrative that Africa can't access fossil fuels and must be consigned to solar/wind which isn't nearly as effective at providing electricity. - OPEC is sympathetic to this message. Will Africa save OPEC? Can OPEC save Africa? Tesla shares rise after Hertz says it will buy 100,000 electric vehicles <a href="https://www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html" rel="noopener nofollow" target="_blank">https://www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html</a> - Good idea for Hertz because Teslas will be a big draw for people who want to drive Teslas on vacation. Ahead of COP26, Saudi Arabia Resists Calls to Cut Oil Investment <a href="https://www.wsj.com/articles/ahead-of-cop26-saudi-arabia-resists-calls-to-cut-oil-investment-11634911150" rel="noopener nofollow" target="_blank">https://www.wsj.com/articles/ahead-of-cop26-saudi-arabia-resists-calls-to-cut-oil-investment-11634911150</a> Special Guest Rhett Bennett of Black Mountain Co. <a href="https://www.blackmountainoilandgas.com" rel="noopener nofollow" target="_blank">https://www.blackmountainoilandgas.com</a> - Drilling situation in the US: real issues from labor situation. Labor is always a bit of an issue in Permian, but also in Eagle Ford. On the drilling side as well. Supply chain issues, also exacerbated for oil industry because of severity of downturn. - metals aren't available to implement transition in the way needed for transition - Sees oil over $100, higher natural gas prices this winter - Price increases will drive activity higher. Private companies are drilling a lot, public companies more constrained. - "If you are private, it's a beautiful scenario." Inputs on the cost side of the ledger haven't risen nearly as much as the returns side of the ledger. - Haynesville wells pay for themselves in 90 days - but they are quite dry, Permian wells are more heavily oil weighted. - 2022 budgets: lots of E&amp;Ps will want to increase drilling activity 20-30% and will want budget increases of similar amount. But will also have inflationary pressures that will hit production targets and so many will fall short. - E&amp;Ps did better consolidating during downturn that service companies so there's still a lot of competition in service sector - Consequences of capital starvation. Shale is a treadmill. If you hop off, looking at 50-60% decline rate. - Underground carbon sequestration (CCUS) - will it be economical without legislation on carbon tax in the US? CCUS in Australia - lots of capacity for sequestration in Australia. - Lots of countries don't have the right geology to inject and store carbon. Potential for this to become an import/export industry. - Sees battery tech as competitive with ICE engines. Problem is materials and minerals. - Metals and mining has had capital starvation for decades now. Average mine takes 7 years to go from discovery to production. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://energyweek.substack.com?utm_medium=podcast&amp;utm_campaign=CTA_1" rel="nofollow" target="_blank">energyweek.substack.com</a>

176 - Will oil be higher for longer? | Rhett Bennett of Black Mountain Co.

Rhett Bennett is the Founder and CEO of Black Mountain, a private natural resources company with several business units: E&amp;P operations, commercial saltwater disposal, midstream, and in-basin frac sand mining.  On this episode, Chris and Rhett deep dive into the Nickel industry. Black Mountain has recently stepped into the industry by purchasing a mine in Western Australia. Rhett delivers great insight into how Nickel is used in battery metals and will be critical for the Electric Vehicle industry. They also talk about the decreasing investment in Oil &amp; Gas and how that creates a wealth of opportunity for the industry, and some great statistics that knock some reality into the increasing calls for more EV's. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ (02:50) - Rhett’s Background (06:26) - When did you move from friends and family money into institutional money? (07:01) - Do you look at what you do as high-risk?  (08:50) - Is there an education you put yourself through before entering a new venture? (12:11) - How quickly did you hire Hayden Gillespie after meeting him? (13:05) - How did you get into nickel? (21:24) - Global Warming (27:36) - What does 80% more efficient mean when you talk about nickel for an internal combustion engine? (29:55) - Is nickel used for anything other than batteries? (30:20) - What are the two classes of nickel? (30:54) - How do you hire a team in Australia from America? (34:23) - Why did you implement new leadership in the Australian company you acquired? (37:01) - Is there a lot of nickel in the world? (42:20) - Opportunity in Betting Against ESG (44:32) - What brings money back into Oil and Gas? (47:37) - Nickel &amp; Oil and Gas Statistics The FORT with Chris Powers is produced by Straight Up Podcasts

Rhett Bennett is the Founder and CEO of Black Mountain, a private natural resources company with several business units: E&amp;P operations, commercial saltwater disposal, midstream, and in-basin frac sand mining.  On this episode, Chris and Rhett deep dive into the Nickel industry. Black Mountain has recently stepped into the industry by purchasing a mine in Western Australia. Rhett delivers great insight into how Nickel is used in battery metals and will be critical for the Electric Vehicle industry. They also talk about the decreasing investment in Oil &amp; Gas and how that creates a wealth of opportunity for the industry, and some great statistics that knock some reality into the increasing calls for more EV's. Enjoy! Follow Chris on Twitter: <a href="http://www.twitter.com/FortWorthChris" rel="nofollow" target="_blank">www.Twitter.com/FortWorthChris</a> Learn more about Chris Powers and Fort Capital: <a href="http://www.fortcapitallp.com/" rel="nofollow" target="_blank">www.FortCapitalLP.com</a> Follow Chris on LinkedIn: <a href="http://www.linkedin.com/in/chrispowersjr/" rel="nofollow" target="_blank">www.linkedin.com/in/chrispowersjr/</a> (02:50) - Rhett’s Background (06:26) - When did you move from friends and family money into institutional money? (07:01) - Do you look at what you do as high-risk?  (08:50) - Is there an education you put yourself through before entering a new venture? (12:11) - How quickly did you hire Hayden Gillespie after meeting him? (13:05) - How did you get into nickel? (21:24) - Global Warming (27:36) - What does 80% more efficient mean when you talk about nickel for an internal combustion engine? (29:55) - Is nickel used for anything other than batteries? (30:20) - What are the two classes of nickel? (30:54) - How do you hire a team in Australia from America? (34:23) - Why did you implement new leadership in the Australian company you acquired? (37:01) - Is there a lot of nickel in the world? (42:20) - Opportunity in Betting Against ESG (44:32) - What brings money back into Oil and Gas? (47:37) - Nickel &amp; Oil and Gas Statistics The FORT with Chris Powers is produced by Straight Up Podcasts