In this episode, we're joined by Chris Canon, VP of Land at Ridge Runner Resources II, LLC, for a candid and insightful conversation that pulls back the curtain on the complex world of land deals in the energy industry. With years of hands-on experience navigating high-stakes negotiations and intricate transactions, Chris offers a wealth of knowledge on the strategic decision-making that drives successful land acquisitions, trades, and swaps. We discuss how to identify when it’s the right time to trade or swap properties, the critical elements that make a deal truly beneficial for all parties involved, and the foundational role that trust and reputation play in this often tight-knit industry.Chris also emphasizes the importance of thorough due diligence; why it’s not just a box to check, but a critical process that can reveal hidden risks, prevent costly mistakes, and strengthen your negotiating position. He shares lessons from his career journey, including key insights from deals that went well and a few that didn’t. In addition, we explore the often overlooked 1031 Exchange and tax implications that come with swapping properties and take a deep dive into a recent caselaw update that could have serious consequences for your next transaction.Whether you’re a land professional, investor, or simply curious about the behind-the-scenes dynamics of dealmaking in the energy space, this episode is packed with practical knowledge, sharp insights, and real-world strategies you can put to use.For more detailed show notes, navigate using the timestamps below:[0:00] Introduction[1:51] Chris discusses his work experience[5:56] Halloween Dealmakers Haunted Hall Gala[7:00] Discussion of how to know when to trade or swap a property [9:10] The importance of networking and making a good impression[12:00] Tips to make good trades and swaps[14:25] Discussing Due Diligence in swaps[15:24] Trustworthy people[17:38] 1031 Exchange and tax implications of swapping[21:34] Caselaw updateIf you enjoyed this conversation and would like to discuss how RR&A’s Outsourced Legal Department can help your company, visit the R. Reese & Associates Website: https://rreeselaw.com/ Want more ways to stay up to date on the latest industry-specific news? Subscribe to our monthly newsletter: https://rreeselaw.com/insights/an-ounce-of-prevention-by-rra/ 

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