Olena Badham

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Olena Badham

Occupation

Mineral Land Negotiator, Business Development, Cenovus Energy Inc.

Describe a typical day

A typical day consists of working with the technical team to identify and market new, emerging or existing plays, and drillable prospects where I am fundamentally responsible and accountable for negotiations of terms and conditions of various land agreements including Lease, Farmout & Farmin, Option, Joint Operating and Purchase and Sale Agreements. There is never a dull moment between understanding the regulatory framework we operate in, conducting economic analysis, monitoring crown and freehold leasing and A&D activity, conducting ongoing negotiations, brainstorming creative deal terms and building/maintaining strong positive relationships with stakeholders, partners and active third parties.

Perks of your job and things you like about your current company.

The biggest perk of my job is working in a dynamic team environment. I have the privilege of working with experts in the fields of engineers, geo-science, accounting & finance, legal, corporate risk, and A&D. Another perk at Cenovus it their annual Thanks & Giving campaign, which encourages and celebrates employees' community spirit where employees can donate to charities that are meaningful to them and Cenovus matches these donations up to $25,000 per employee, per year. And obviously the 1st and 3rd Fridays off are a MAJOR perk.

Proudest accomplishments both in and outside of work.

I am most proud of the lifelong relationships I have made inside and outside of my organization. The energy industry in Calgary is extremely welcoming and filled with amazing people. I am extremely proud of the number of opportunities that exist for young people to grow and succeed. Outside of work I have been blessed with opportunities to travel the world, visit my extended family in Ukraine and explore new places with my husband. One of my proudest personal moments was the day I was able to gain financial freedom from student debt by paying off my student loans.

Thoughts on the future of the industry as it relates to your field.

The land profession is an evolving career that adjusts based on industry trends and activity. We are seeing industry participating in increasingly complicated joint ventures, creative acquisitions, divestitures and swaps, freehold owners soliciting expert advice and companies testing the boundaries of contractual obligations through legal channels. The land profession will continue to evolve based on industry need and if one embraces change they will be a successful career for years to come.

Current community involvement efforts.

I am an active member of The Canadian Association of Petroleum Landmen (CAPL) which is a professional association committed to enhancing all facets of the land profession through communication, education, professional development, technology, and member services. My involvement with CAPL is primarily with the Continuing Education Committee where I am actively involved as a seminar coordinator under the Oil & Gas Law portfolio. I have been volunteering with this committee since 2012, coordinating three seminars throughout the year. This position provides me opportunity to network and build strong positive relationships with industry leaders, instructors and association members.

Why YWE?

To increase awareness of women involvement in the energy industry and motivate young women professionals to get involved.

What are you reading?

Proposed DRAFT 2014 CAPL Operating Procedure and 2015 CAPL Farmout and Royalty Procedure (if familiar with these documents you can appreciate the task at hand