Podcast Discussion on “Energy Law Round Up”

Prior to the current global pandemic that is uprooting the industry and–more importantly–many lives, I had the pleasure of sitting down with Tom Ciarlone, a Director at Kane Russell Coleman Logan PC in Houston. We had a wide-ranging discussion that touched on EnCore Permian, my background, unique things that make the Permian Basin what it is, and the likelihood of a market consolidation whether by voluntary or involuntary means. We are obviously now living through such a consolidation event, although not for the reason we would have predicted at the time. I’d be humbled if you take time to listen, and hope it provides some value: http://energylawroundup.com/energy-law-round-up-782020

Institute for Energy Law Podcast Episode #1 – Trade Secrets In Energy: From Protection To Prosecution

In this first episode in a series organized by the Institute for Energy Law’s 2nd Leadership Class on timely and useful industry updates, Brett Podkanowicz, EnCore Permian, catches up with Leadership Class cohort and friend Miles Indest, McGuireWoods LLP. Miles focuses his practice primarily at the intersection of energy and trade secret litigation, helping energy companies resolve business disputes and protect their intellectual property.  In this conversation, Brett and Miles discuss the importance of trade secret protection, adjusting to life personally and professionally under quarantine, and making mental and physical health a priority.

You can listen to the podcast here, and watch a video of the conversation here.

An Ounce of Prevention is Worth a Pound of Cure: An Oil & Gas A&D Tip in the Age of Virtual Closings & Electronic Recording of Deeds

For centuries the recording of deeds which pass title in real property from one to another has been carried out through some local designated official or recorder’s receipt and accounting of the physical deed itself. Now, at least in the Permian Basin (eastern New Mexico and West Texas), more counties of late have been accepting scans of such deeds or other documents conveying or affecting real property in lieu of receiving the physical form itself. This is a convenient situation for all involved, and in many cases it facilitates same-day recording as opposed to slowdowns caused by mailing each way and the document sitting on a pile in the county clerk or recorder’s office – no names mentioned (but the name of the county rhymes with Jeeves).

This convenience could potentially and unwittingly lead to unintended exposure when transacting to sell an asset during a remote or “virtual” closing where the parties are not physically meeting in the same location to close the deal. Under these circumstances in the mineral/royalty and leasehold A&D space, it is many times custom where escrow is not being utilized during the closing process for things to play out like this once both sides are in alignment following a buyer’s due diligence:

  • Parties execute pre-closing documents in the lead-up to the actual closing (settlement statement, tax docs, non-foreign status form, etc.);
  • Seller scans and emails the executed document conveying/affecting real property at the heart of the transaction; 
  • Buyer remits payment, typically by wire transfer, following its visual inspection and approval of the scanned executed document; and
  • Upon Seller confirmation of the arrival of the wire transfer(s), Seller overnights document(s) to Buyer and provides tracking info.

If you have read this article’s introductory paragraph then I imagine that you have already inferred where this is heading. Depending on the quality of the scanned image utilized in the step italicized in the list above, it is at least conceivable that a malfeasant buyer (especially a less well known one and/or one without an established reputation) could attempt to record the scan of the executed conveyance prior to remitting payment. The best outcome in such a scenario would be that it all gets sorted in the long run, but surely would be a nuisance. The worst outcome in such a scenario is that a buyer records the not-yet-paid-for conveyance document and then files a bankruptcy petition right afterwards, meaning the seller would likely be subjected to treatment by the debtor/trustee in possession as an unsecured creditor, and could potentially not end up recovering the ill-gotten property. The latter outcome is admittedly very specific and requires a very less than ideal set of circumstances, but the price of protection is very, very inexpensive.

Any seller of real property in our space would be wise to consider marking the scan of the conveyance document during a remote closing in some fashion that denotes that it is not intended—and not suitable—for recording. This can be achieved by watermark, some sort of inserted typeface indicating such, or even with a conspicuous “COPY” stamp. While the odds are low that a buyer would actually be brazen enough to attempt this, why not take a few seconds and totally negate that option?

Article also available at my LinkedIn page. Please note that this article is provided for informational purposes only, does not constitute legal advice, and represents the thoughts of the author individually and not necessarily those of his employer. All readers should contact their attorney to seek advice relating to the contents of this article, and should not act—or refrain from acting—based on the contents of this article without seeking such advice. 

What’s a Few Thousand Feet Between Friends: Calling Depth Severances in Permian Basin Oil and Gas Leases

Provisions in many modern oil and gas leases which effectuate depth severances (so-called “Pugh” clauses, often tied into retained acreage and/or continuous development provisions) can create great opportunity and value both for mineral owners and even potential subsequent lessees. Accurately ascertaining the demarcation point subsurface for such depth severances is critical – it could make the difference between the subsequent lessee paying for worthless subsurface depths or capturing prolific pay zones. Many of these depth severances are tied to a multitude of common reference points, including the depth of the deepest producing perforation in the wellbore, the base of the producing formation, and the total depth drilled in the well. 

Something I’ve seen a number of times in the last several years are determinations in title reports and title opinions that call the total depth drilled in a well vis-a-vis the Texas Railroad Commission’s “total depth” reference in its online database and record keeping system. This sounds pretty reasonable – after all, the plain meaning of total depth would seem to be pretty straightforward and clear on its face. Below is a screenshot of how this information would typically appear:

RRC Total Depth

Easy enough, right? Well not so fast. If one were to examine the directional drilling report associated with the well, you’d see that the Railroad Commission’s total depth and the drilling report’s total vertical depth (“TVD”) of the well do not correlate once the well begins to deviate into a horizontal orientation, despite those numbers being nearly identical before the directional drilling commences. Oftentimes the two numbers are thousands of feet apart by the end – the length is continuously increasing on the X axis while on the Y axis it starts to taper off. Below are two excerpts of a drilling report associated with the well whose Railroad Commission total depth was previously set forth above – the first being at the beginning of the directional drilling, and the second at the conclusion of the directional drilling: 

MWD Initial


On this well, the greatest TVD was around 10,685’ subsurface (which occurred in between the presented data sets), and this is obviously not as deep as the 13,500’ “total depth” stated on the Railroad Commission data set. Interestingly, if one were to examine the measured depth on the drilling report (“MD”), that more accurately ties back to the Railroad Commission “total depth.” It seems that “total depth” and TVD, when thinking back to an age of vertical wells, were one and the same since both were only increasing on the Y axis; the total depth drilled generally necessarily equaled the length of the wellbore. However, now that the wellbore’s trajectory is intentionally deviated from a vertical plane to a horizontal plane, the total depth/MD and the TVD of the well are consequently going to meaningfully deviate. 

With these details laid out the natural response would probably be “well of course”—particularly from any engineers in the audience—but for landmen and title attorneys blind to this nuance and who don’t spend all day in drilling reports, one can see where it would get past them sight unseen. So when making depth severance calls (whether in-house or as a contract land broker / title attorney), be sure to spend a few minutes perusing well drilling reports to get a more accurate understanding of where the depth severance may be since you may unwittingly and incorrectly declare valuable open depths as being subject to an existing oil and gas lease.

This article is also available at my LinkedIn page

The Kranz Dictum: A Timeless Lesson From a NASA Apollo Program Flight Director

This Saturday–July 20, 2019–will mark the 50th anniversary of mankind stepping foot on a non-Earth celestial body, a feat accomplished through the Apollo 11 mission. President Kennedy put forth the highly ambitious objective in 1961 to land an American on the moon before the end of the 1960s, made in the backdrop of the Soviets having recently beaten the United States into space with Yuri Gagarin being the first human to orbit our planet. Achieving that goal of landing man on the moon would take great mettle, effort, and sacrifice, but would become a resounding demonstration to the planet of what great feats America is capable of. Much of what we will hear about this week will be of the Apollo 11 astronauts particularly: Neil Armstrong, Buzz Aldrin (the two moonwalkers), and Michael Collins (who remained in lunar orbit). However, one of the unsung heroes and driving forces of the Apollo program who most people don’t know about was Gene Kranz, Flight Director of many of the program’s missions (the odd-numbered missions), including Apollo 11.

The Apollo program was created to succeed Project Gemini, which was designed to test human spaceflight in low Earth orbit and serve as a foundation for Apollo’s stated aim to eventually land man on the moon. However, the first mission in the program (Apollo 1) would be met with unthinkable tragedy when the mission’s three astronauts perished in a launch rehearsal test when a fire broke out in a pure oxygen environment of the flight capsule. Inquiries and investigations were conducted, and the consensus takeaway was that NASA had not sufficiently planned for contingencies, and flaws in the design of the vehicle contributed heavily in the astronauts’ deaths. On the Monday morning that followed the Apollo 1 disaster, Kranz assembled his team and told them the following, which would later be dubbed the “Kranz Dictum”:

Spaceflight will never tolerate carelessness, incapacity, and neglect. Somewhere, somehow, we screwed up. It could have been in design, build, or test. Whatever it was, we should have caught it. We were too gung ho about the schedule and we locked out all of the problems we saw each day in our work. Every element of the program was in trouble and so were we. The simulators were not working, Mission Control was behind in virtually every area, and the flight and test procedures changed daily. Nothing we did had any shelf life. Not one of us stood up and said, “Dammit, stop!” I don’t know what Thompson’s committee will find as the cause [of the disaster], but I know what I find. We are the cause! We were not ready! We did not do our job. We were rolling the dice, hoping that things would come together by launch day, when in our hearts we knew it would take a miracle. We were pushing the schedule and betting that the Cape would slip before we did.

From this day forward, Flight Control will be known by two words: “Tough” and “Competent”. Tough means we are forever accountable for what we do or what we fail to do. We will never again compromise our responsibilities. Every time we walk into Mission Control we will know what we stand for. Competent means we will never take anything for granted. We will never be found short in our knowledge and in our skills. Mission Control will be perfect. When you leave this meeting today you will go to your office and the first thing you will do there is to write “Tough” and “Competent” on your blackboards. It will never be erased. Each day when you enter the room, these words will remind you of the price paid by Grissom, White, and Chaffee. These words are the price of admission to the ranks of Mission Control.

Kranz still is able to deliver a good portion of this speech by heart, as demonstrated by this excerpt from a NASA documentary aired several years ago. It’s an amazing demonstration of self-reflection and the realization that NASA’s standards would need to much higher if they were going to successfully get a crew out of low Earth orbit and back, much less landing men on the moon. I and many others, despite the tragic circumstances that were at the root of Kranz’s speech, have found inspiration in his words and his ultimatum of not tolerating anything less than excellence that he delivered to his team.

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Bet You Can’t Guess Where the First Gas Well in the U.S. Was Located

If you’ll indulge me for a few moments it would be appreciated: although many people already know the answer to the question posed by the title of this blog post, those who don’t know are often surprised to learn the mystery location of our nation’s first gas well. Most people in our industry know of the first commercially productive oil well in the United States – the Drake well in western Pennsylvania was the first of a litany of U.S. wells that would bear oil. Although some people not in the know might guess that it was in Texas, or Oklahoma, Pennsylvania still seems like a logical place for the first oil well given what we know about Appalachia’s abundance of hydrocarbons subsurface.

But the surprise on some people’s faces when they learn that the first gaswell in the U.S. was drilled in New York State is noticeable, and the irony is palpable. The well was in Fredonia, New York, a smaller town in the Southern Tier of Western New York roughly halfway between Buffalo, New York and Erie, Pennsylvania. I’m routinely reminded of this when making the sojourn between Pittsburgh and Buffalo that I make a few times a year.

Screen Shot 2019-07-05 at 7.58.53 PM
Taken last week not far from where I was born and raised in Western New York.

The company formed after the discovery of the Fredonia gas well would eventually become a company known well in my birthplace, National Fuel (whose E&P arm is Seneca Resources). There are not many positive ties between this industry and my home state, particularly currently, but I think that this is one of the more interesting ones.

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Buy-and-Flip-Quick Becomes Buy-and-Be-Patient in the Private Equity-Backed Energy Space

Back in 2015 and 2016, the lows of the oil market provided a painful reeducation of the volatility and whipsaw nature of the energy industry after a period of high prices and ceaseless optimism. Those same lows flushed out some less efficient operators and companies; in their stead came private equity-backed outfits looking to get into the Permian Basin while prices were still relatively low on the bet that oil prices – and consequently asset values – would proceed to march higher going forward. Flipping land and lease deals quickly became the transaction du jour and money poured in on the prospects of quickly multiplying money. For a few years lease and mineral deals seemed to be going that way. At this point, though, most of those easy deals are not being transacted quite as quickly or easily.

On the mineral side, not long ago the model was aggregate a large amount of mineral and royalty interests across a large chunk of the core areas in the Permian Basin, and then cash out to a buyer or buyers who would purchase large amounts across larger swaths of the Midland and Delaware Basins. Now, both E&P companies who choose to acquire minerals as well as institutional mineral/royalty funds are being much more selective about what they acquire and where. There are multiple reasons for this, the main ones being that the wild pace of drilling has been tempered (which slows down when minerals slated to be drilled upon would be producing cash flow), and even that some larger buyers are digesting a series of major acquisitions in the last couple of years. The consequence to private equity outfits is that now more effort will be required to hustle up and sell the acquired minerals; the days of one or a few massive firesales to liquidate large mineral and royalty portfolios would seem to be scant moving forward.

On the leasing side, for some time it had been easy to take some leases and quickly flip them to someone else who would either develop themselves or then pass it on to someone else who would. Blocking up an acreage position was just a function of taking leases strategically and then selling for the right price. Now the model requires more out of the lease reseller – oftentimes developing and proving the viability and value of the lease acreage, and then selling an end-stop buyer more of a turnkey asset. For private equity-backed companies, this represents far more risk and commitment then they may have anticipated going in. A good number of these private equity groups backing short-term acquisition companies probably did not anticipate having to sink millions of dollars into the ground in order to make their assets more attractive, nor the increased risk and potential operational and legal snafus that come along with holding and maintaining an operated asset producing oil and/or gas. This article from last month in the local Midland newspaper touches on these issues well.

So what does this all mean? At the surface level it means the typical amount of time from when a PE-backed company gets its funding to when it finally sheds itself of all of its acquired assets is surely going to increase. There will be more risk and exposure involved, particularly on the leasehold side where buyers in the market looking at a PE-backed company’s assets will insist on seeing wells drilled in order to assess how good the rock is before committing to purchase.  These are all manageable issues; the most important factor in all of this is that participants understand that the rules of the private equity game in the Permian Basin are ever-changing.

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Fuel for the Fire: Career Progression Through the Lens of Logarithmic Growth

Even at my earliest stages working in the energy industry I have been very intentional about ensuring that I am always doing what I can to continue learning, both practically and theoretically. Fortunately for me the company at which I work has, over the past two and a half years, been progressively taking on more challenging and complex deals – this has nicely dovetailed with my own professional growth in the industry. Regular attendance at industry conferences and seminars also help; they broaden my perspective with respect to my practice areas as well as those areas that are a bit outside of my day-to-day work. But as I have argued to no shortage of people who know me, progression through one’s career and knowledge in a particular area does not occur in a linear fashion:

Screen Shot 2019-06-08 at 3.45.07 PM

Rather, my point of view is that this progression is best mapped as a series of many logarithmic patterns (don’t worry – I definitely had to look this up to put the word to how I saw it in my mind’s eye since I was not a stellar math student). It’s pretty much the opposite of an exponential pattern, which starts slow and then begins to take off. Here is what a logarithmic pattern looks like:

Screen Shot 2019-06-08 at 6.45.01 PM

But the chart above is not meant to represent one’s entire career – rather, it should be seen first as representing a particular skill or function, and then from there the collection of skills and functions that make up your current role in your organization or firm. As a basic example, being able to intelligently negotiate an oil and gas lease is a good example of a skill that we can use for this thought exercise. The first dozen of leases that one was to read and attempt to negotiate would provide a great deal of education; the next dozen would still provide education, and then after several dozen the rate of education would tail off and there would not be too many matters of first impression for someone negotiating oil and gas leases save for once in a while. So any given person is generally working on and improving a multitude of skills and competencies at any given time, and so there are as many logarithmic patterns attributable to a professional as they have a repertoire of regular skills and functions in their role. If one were to average these logarithmic patterns for a given professional then you get what I would consider their aggregate logarithmic pattern.

In a micro sense, as a person gets more reps with respect to a particular skill or function the better they become and the less educational each rep becomes; building on that, in a macro sense the average of the person’s evolution in all of their current skills or functions gives us an aggregate pattern that begins to collectively tail off after some time. What this means is that a person who is in a job performing the same functions and utilizing an unchanging set of skills for an extended period of time learns and grows at a diminishing rate. So what’s the point?

For someone who is complacent and content to have their job and doesn’t really desire much more, it won’t matter to that person. But for anyone who is conscientiously wanting to continually be challenged in their work and forced to grow, the “tailing off” phenomenon that I’ve alluded to several times above will be a difficult period for such a person to go through. The key is to seek out opportunities to learn and grow – examples include but are not limited to:

  • To the extent possible, work on new types of workproduct and matters (ideally with the oversight of a more experienced colleague) and solicit feedback.
  • Take on the task of proactively learning/researching things in your field that haven’t yet come up in your work but could in the future.
  • Attend continuing education seminars and conferences.

Ultimately every professional is responsible for their own growth and development, and should be cognizant over the long term about how their current work and trajectory fit into their overall career roadmap. For anyone who desires to avoid stagnation professionally one should regularly reflect on what part of their own logarithmic pattern(s) they are currently in and proceed accordingly. Alright, algebra lesson: over.

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SCOTX Upholds Lower Decisions in Retained Acreage Disputes (Endeavor v. Discovery; XOG v. Chesapeake)

After having waited with baited breath for a few years, oil and gas professionals dealing with land, title, and leases heard from the Supreme Court of Texas (“SCOTX”) on a few anticipated disputes pertaining to “retained acreage” provisions. These provisions enable mineral owning lessors to encourage fuller development of the leased acreage and prevent lessee operators from holding an undue amount of acreage based on the production from one or a few wells.

In Endeavor Energy Resources, L.P., et al. v. Discovery Operating, Inc., et al., (No. 15-0155), SCOTX agreed with the lower court that, given the particular language of the lease’s retained acreage provision conditioning the amount of acreage retained to the assignment of acreage to a proration unit, that Endeavor’s inadvertent assignment of fewer acres than which it may have otherwise been entitled resulted in a termination as to their interest as to the leased lands not so assigned to the unit. At the urging of Discovery – as well as the numerous amici who chose to make their thoughts known to the Court – the justices determined that the idea of “assignment” used in this context is a term of art in the oil and gas industry, and can only reasonably be understood to mean the filing of a form with the Texas Railroad Commission assigning the number of acres according to that agency’s rules. While the Court agrees that the Railroad Commission does not have the power to adjudicate and determine property rights, in this situation the parties contracted in their lease such that the acres to be retained was expressly conditioned on such an assignment of acreage made with that regulatory body. Ultimately, as Chief Justice Hecht succinctly observes in the companion XOG case discussed below, Endeavor‘s holding is that a regulatory proration unit “assigned to a well” means acreage that is actually assigned by the operator, and not automatically by consequence of the applicable field rules governing the well.

Of note to the author was the discussion regarding “obtaining the maximum producing allowable,” a concept where the size of a proration unit in a given field can sometimes vary between a standard number of acres with the inclusion of up to a defined number of additional “tolerance” acres – this increase in size is tied to breadth of production. In a regulatory sense, larger units can produce more oil. In this case, Endeavor argued that because it could have assigned all of the tolerance acres available to it with the regulatory agency, that meant they could rely on language saying that the proration units were to have the “number of acres required to comply with [Commission rules governing obtaining “the maximum producing allowable for the particular well.” This reasoning did not persuade the Court; given that they assigned a number of acres per unit that was in between the standard and maximum sizes (with tolerance acreage applied), they were determined to have retained merely the lesser amount. More interestingly, toward the end of its discussion on this topic the Court briefly addressed the concept that the use of tolerance acreage – which affords the operator the ability to produce more oil from the well on that unit – in situations where the tolerance acreage is not needed nor warranted by the low production in an effort merely to squat in bad faith on more lease acreage than one would otherwise be entitled. The Court observed that “if a well is draining a certain amount of acreage, but the operator intends to claim more than the amount, the operator may open itself up to claims that it is not acting in good faith in purporting to retain a substantially greater amount of acreage.” Obviously this was not at issue here in this case, but this author believes that the Court is providing a preview of coming attractions in the next frontier of retained acreage disputes, where an operator assigns the standard acreage and also some or all of the tolerance acreage for a total greater than what it should be entitled to given lackluster production from the well in a given proration unit and purports to retain such excess acreage.

In XOG Operating, LLC v. Chesapeake Exploration LP (No. 15-0935), the Court leaves for the Endeavor decision the discussion on regulatory frameworks and lease provisions more broadly, but suffice it to say oil and gas practitioners know after reading these cases several things:

  1. “Assignment” of acreage is, in the eyes of the Court, understood to mean an operator’s assignment of acreage with the regulatory agency (here, the Texas Railroad Commission).
  2. The Court will consider any retained acreage dispute on the facts and particularly on the given language of the provision at issue, not unlike how the Court handles fixed vs. floating royalty disputes.
  3. Scrutinize any retained acreage provisions that you or your client will be subject to quite carefully, because courts will apply them as written regardless of novel factual circumstances or unwitting clerical errors.

This blog post is also available at my LinkedIn page.

Resolution Without Reflection & Implementation = Writing Without Drafting

If you’re reading this, then congratulations – you’ve made it to 2018. Maybe it’s just me but the ten years making up 2008-2017 felt like a lifetime to me in and of itself…so much change and innovation interspersed with decline in other areas. One constant trope that pops up at the start of every new year is the New Year’s Resolution. While I obviously think that resolving to make some positive change to benefit yourself (and hopefully others also) is good, sometimes the ways that people attempt to implement that change is not likely to lead to success. In my mind, making a resolution without solid reflection and outlining a detailed implementation plan means that you will become a statistic and fail early on in trying to maintain your resolution. In addition, not planning on how to implement your resolution into your life will mean that your resolution formed after reflection will likely still not work. All three legs on the stool are necessary.

1. Reflection

Although I don’t do it as much as I probably should, many influential people that I follow and even try to emulate swear by the benefits of daily meditation as a way to hone focus and cut through the “noise” we all have in our lives. For some it may be prayer, and for others it may just be quietly practicing mindfulness regularly, but either way it makes sense why this would be a worthwhile pursuit. Meditation is a more deliberate and regular form of reflection, but I would submit that even taking stock at the end of year to assess achievements and areas for growth has great value.

In terms of your career, those of us who are ambitious probably do have longer-term goals that are broader in nature – but do you have shorter-term and intermediary goals designed to allow you to take step up after step up to get to that longer-term goal? The former could be seen as battle plans with the latter being seen as an overall map and strategy for the greater war. To further this analogy, then, a long-term goal without the underlying smaller goals is making a plan for war without considering the nuances and subtle factors comprising each unique battle.

In terms of your own personal growth, if you have the stomach for it, something that I saw last year and tried out boils down to asking those close to you to honestly and critically comment on where you might need to grow yourself (e.g., being more patient with people). The personal growth branch of the “reflection tree” is probably most important as it undoubtedly feeds into one’s ability to grow and succeed in their career. Whether it’s meditation or a more basic end-of-year reflection process, any resolutions you make will be undergirded by some sort of reflection process.

2. Resolution

This is in my mind the sexier part of the self-improvement process. Resolutions by themselves are easy because to many they are affirmative declarations to do or stop doing a thing: “I will quit smoking,” “I will get in shape,” “I will work to improve my marriage.” The resolution is really the tip of the iceberg, the visible reference point and the north star to which your compass will guide you.

An important consideration would be to make a specific resolution. “Live a healthier life” is probably not sufficiently specific to allow a person to meaningfully progress toward that goal. If I wanted to lose twenty pounds, I might make the goal something to the effect of “Lose twenty pound through diet and exercise by July 31, 2018.” Beyond that there probably is now much to say…resolutions are probably the easiest and most self-explanatory part of the process.

3. Implementation

At this point you’ve reflected and made your resolution…so this is the part where it magically happens, right?


Well, no. Without some sort of underlying foundation for how to actually implement these well-intentioned resolutions formed after some form of reflection, they are prone to sputter out into nothingness. An action plan is required to really make sure the resolution comes to fruition.

Since getting in shape is a pretty common choice, I would implement this resolution by laying out smaller objectives/steps that would help me get there – for example:

a. Cardio at gym 4 days per week, at least 45 minutes per visit.

b. Make shopping list of nutritionist-approved healthy foods, do not deviate from the list while shopping.

And on and on. So the way the process would play out might go like this:

REFLECTION: “I’ve been lax in eating well and have been getting a lot of fast food lately. I feel slower and sluggish, and I’ve put on twenty pounds. I’d like to drop that weight but I know that it will take work.”

RESOLUTION: “I want to lose twenty pounds through diet and exercise by July 31, 2018.”

IMPLEMENTATION: “So my plan is to do cardio at the gym down the street four times per week for at least 45 minutes per visit. I’ll have to do research on healthier foods and make my shopping list based off of those recommendations…that way I won’t deviate when I see something tempting in the store.”

So that pretty much constitutes the process. This can be used for both personal and professional goals, though most of the time people think of them as being used for the former (thus my focus on that area). Hopefully your 2017 was enjoyable and prosperous, and may your 2018 be even more so.

This article is also available at my LinkedIn page.