Ward Petroleum—October 2015

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In this issue:

The Big Picture 1-3

Ward Golf Tournament 4 & 5

FYI

Calendar

7

Around Ward

Ward Chili Cook Off

8

In the May Big Picture article, we began a discussion on

execution. We defined the real enemy of execution as the

whirlwind. Over the next few months, I will discuss the four

disciplines of execution and how they can apply to Ward. Just as

there are principles that govern human behavior, there are

principles that govern how teams get things done, or how they

execute. The principles of execution have always been focus,

leverage, engagement and accountability. Understanding

these principles has not been the problem. The challenge for leaders

and their teams has been finding a way to implement them, especially

when the whirlwind is raging.

Discipline #1: Focus on the Wildly Important (WIG)

This discipline may seem simplistic at first glance, but it is not simple. Focus your finest

efforts on the one or two goals that will make all the difference instead of giving mediocre

efforts to dozens of goals. Execution starts with focus. When it comes to setting and

achieving goals, the law of diminishing returns is as real as the law of gravity.

THE BIG PICTURE

Execution: The Fi rs t Discipl ine ¹

Through the Pipeline

BILL WARD

Chairman, President

& CEO

“Power isn’t control

at all — power is

strength, and giving

that strength to oth-

ers. A leader isn’t

someone who forces

others to make him

stronger; a leader is

someone willing to

give his strength to

others that they may

have the strength to

stand on their

own.” ― Beth Revis

__________________________________

¹This article is based on principles presented in The 4 Disciplines of Execution by Sean Covey and Jim Huling.

Continued on page 2

Ward Petroleum—October 2015

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Here is the science behind these findings. Human beings are genetically hardwired to do one thing at a time with

excellence. You’re probably thinking – proudly – that you’re great at multitasking and can get a lot of things done at the

same time. To the Wildly Important Goal, you want to devote your best effort. Science tells us the human brain can give

full focus to only a single object at any given moment. In our culture of multitasking, “The neural circuits devoted to

scanning, skimming, and multitasking are expanding and strengthening, while those used for reading and thinking deeply,

with sustained concentration, are weakening or eroding.” What’s the consequence? “Habitual multitaskers may be

sacrificing performance on the primary task. They are suckers for irrelevancy.”² “Improving our ability to multitask

actually hampers our ability to think deeply and creatively… the more you multitask…the less deliberative you become;

the less you’re able to think and reason out problems.”³

Of course, you don’t have to overload the brain. You can leverage the brain’s capacity to concentrate on one wildly

important goal at a time, while still being aware of other priorities. To succeed, you must be willing to make the hard

choices that separate what is wildly important from all the many other merely important goals on your radar. You don’t

abandon all your other important goals. They are still on your radar, but they don’t require your finest diligence and

effort right now. People who try to push too many goals at once usually wind up doing a mediocre job on all of them.

You can ignore the principle of focus, but it won’t ignore you.

Here is the challenge. Many of us are hardwired to violate this first discipline of execution. Creative and ambitious

people always want to do more. You can see more than a dozen existing things that need improvement and another

dozen new opportunities you would like to be chasing on any given day. On top of that, there are other people and their

agendas that can be adding to your goals.

The greatest challenge you face in narrowing your goals is simply that it requires you to say no to a lot of good ideas.

Nothing is more counter intuitive than saying no to a good idea, and nothing is a bigger destroyer of focus than always

saying yes. As Stephen Covey says, “You have to decide what your highest priorities are and have the courage –

pleasantly, smiling, unapologetically – to say no to other things. And the way you do that is to have a bigger ‘yes’ burning

inside.”

A second challenge we face is trying to turn everything in the whirlwind into a WIG. Within the whirlwind are all of our

existing measures for running the organization today, illustrated below as dials. It is perfectly appropriate for our team to

spend 80% of their time and energy sustaining or incrementally improving the whirlwind and the goals within. But, if our

team is spending 100% of their energy trying to significantly improve all of those dials at once, we will have lost focus.

_____________________________ ²Professor Clifford Nass of Stanford University ᵌJordan Grafman, National Institute of Neurological Disorders and Stroke

Continued on page 3

Ward Petroleum—October 2015

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Identifying our Wildly Important Goals

For Ward, the organizational WIG is not difficult to identify. Our Vison for WEP is to create $500 million in value by the

end of 2018.⁴ This is our “WAR WIG”. The challenge now becomes, how do we choose the supporting WIG’s that will

ensure we accomplish our WAR WIG? Let me illustrate with the following diagram:

Teams can take different shapes in Ward. We have Departmental Teams and Inter-departmental Teams. These are the

teams that will determine the supporting WIG’s (BATTLE WIG) and fight the battles that win the WAR. Let me illustrate

with an example.

Example

One of our 2015 Company Performance Commitments is to add a targeted 15,000 MBOE of Reserves through acreage

additions or identification of new resource on existing acreage. Let’s assume our team has come together and agrees that

this is an important supporting goal. The reasoning behind this would be that we need a deep inventory of opportunities to

reach our WAR WIG of $500 MM in value by 2018. Adding 15,000 MBOE (Reserve Additions) of reserves to WEP by the

end of 2015 would be a BATTLE WIG. The teams responsible for reserve additions would include Geologists, Engineers

and Landmen. The reserve addition goal would be broken down by project area with an exploration team assigned to each.

Each team would have a specific goal for each project area. Let’s look at our Loyd5 project area specifically. For 2015, we

are targeting adding ~5 MBOE in this project area. This can be translated into a very specific goal of adding 325 of tier 1 net

acres in our Loyd project by the end of 2015. This gives very specific targets for our Land Team that is working this project.

Guidelines to follow when implementing Discipline #1

1. No team focuses on more than two WIG’s at the same time.

2. The battles you choose must win the war.

3. Senior leaders can veto, but not dictate.

4. All WIG’s must have a finish line in the form of from X to Y by when.

In the next few months, I will discuss the next three disciplines which include:

Acting on lead measures.

Keeping a compelling scorecard.

Creating a cadence of accountability.

———————————————————————————

⁴Based on the many good opportunities we are currently evaluating, Leadership may raise the value stated in our Vision.

5Project names have been changed for confidentiality purposes.

Ward Petroleum—October 2015

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Lynn Combs &

Melodie Turnbow

—

Registration

31st Annual Golf Tournament

The Teams…..

Mike Cocheres’ Team Drew Deaton’s Team

Bill Ward’s Team

Richard Easley’s Team

Evan Ward’s Team Kimberly Mitchell’s Team Tom Taylor’s Team

James Jackson’s Team

Larry Jenkins’ Team

Tim Collins’ Team Mark Jopling’s Team

Brenda Brummal’s Team

Dave Stone’s Team

Marshall Hall’s Team

Michael Hodges’ Team

Ward Petroleum—October 2015

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The Winners…….

Larry Jenkins,

Tournament

Coordinator

Mika Dick’s Team Kevin Smith’s Team

Ward Petroleum—October 2015

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QUOTES

Without

mathematics, there’s

nothing you can do.

Everything around

you is mathematics.

Everything around

you is numbers.

—Shakuntala Devi

Good health is not

something we can

buy. However, it can

be an extremely

valuable savings

account.

—Anne Wilson

Schaef

When you accept a

leadership role, you

take on extra

responsibility for your

actions toward

others.

—Kelley Armstrong

But the real secret to

lifelong good health is

actually the opposite:

Let your body take

care of you.

—Deepak Chopra

Success is finding

satisfaction in giving a

little more than you

take.

—Christopher Reeve

The starting point of

all achievement is

desire.

—Napoleon Hill

Guns in the U.S. on the decline?

Although gun-related violence seems to dominate the headlines, gun ownership in the

U.S. appears to be declining, at least according to the University of Chicago’s General

Social Survey.

The survey found that 32 percent of Americans either own a firearm

or live with someone who owns a gun, tying with a record low in

firearm ownership from 2010. The 32 percent figure represents a

sharp drop from the late 1970s and early 1980s, when close to 50

percent of Americans indicated that they had a firearm in their home.

The GSS researchers believe that the decline in gun ownership is related to a drop in

interest in hunting. In 1977, 32 percent of Americans said they lived with at least one

hunter; fewer than 16 percent say the same today.

Let there be light

Two factory workers were talking. The woman said, “I can make the boss give me the day off.”

The man replied, “How can you do that?”

The woman winked at him. “Just wait and see.”

When the boss came by a few minutes later, he found the woman hanging upside down from the ceiling. “What are you doing up there?” he demanded.

“I’m a light bulb!” she said.

The boss looked concerned. “You know, I think you’ve been working too hard. Why don’t you take the day off?”

She jumped down and headed for the door. The man started to follow.

“Hey, wait a minute!” the boss shouted. “Where are you going?”

The man pointed at his co-worker. “I can’t work in the dark.”

We do not remember days; we remember moments.

—Cesare Pavese

Marshall Hall and Mark Jopling at the Fishing/Golf Retreat in Colorado

Ward Petroleum—October 2015

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Protecting your eyes from injury is one of the most basic things you can do to keep your vision healthy

throughout your life. The American Academy of Ophthalmology reminds everyone to wear protective

eyewear when performing home repairs or maintenance, and while playing sports.

NOVEMBER

BIRTHDAYS

Drew Deaton 11-05

Jody Kuberskey 11-07

Steve Eckert 11-15

Patricia Vilhauer 11-19

Gilbert Tompson 11-21

Mary Kruger 11-24

ANNIVERSARIES

Brenda Brummal 11-16 34 years

Marcus Stephens 11-17 1 year

Sun Mon Tue Wed Thu Fri Sat

1 Daylight Savings Ends- Gain an hour

2 3 4 5 6 PD 7

8 9 10 11

Veteran’s Day

12 13 14

15 16 17 18 19 20 PD 21

22 23 24 25 26

Thanksgiving

27 28

29 30

November 2015

Sun Mon Tue Wed Thu Fri Sat

1 2 3

4 Octoberfest 5 6 7 8 9 PD 10

11 12

Columbus Day

13 14 15 16

Bosses Day

17

18 19 20 21 22 23PD 24

25 26 27 28 29 30 31Halloween

October 2015 OCTOBER

BIRTHDAYS

Amanda Goodman 10-03

Rosie Pomeroy 10-06

Terri Houska 10-08

Mika Dick 10-11

Wally Gilbreath 10-14

Richard Easley 10-15

Mark Jopling 10-22

Kent Clingenpeel 10-24

Susan Hessel 10-28

ANNIVERSARIES

Mary Kruger 10-13 34 yrs

Kent Craig 10-13 1 yr

Stuart Houska 10-15 7 yrs

Gilbert Tompson 10-17 32 yrs

Judy Martin 10-17 27 yrs

Amanda Goodman 10-21 2 yrs

Rosie Pomeroy 10-23 34 yrs

Ginny McCoy 10-31 14 yrs

Save the Date! Ward Christmas Party—Dec 19th

Fall Back

November 1st @ 2 am

Ward Petroleum—October 2015

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We’re on the Web

wardpetroleum.com

Ward Petroleum Corporation

FOREIGN OIL IMPORTS DID NOT MAKE THIS NEWSLETTER POSSIBLE

Around Ward Enid Office

502 S. Fillmore

Enid, OK 73703

Phone: 580-234-3229

Fax: 580-242-6850

Fort Collins Office

215 W. Oak, Suite 1000

Fort Collins, CO 80521

Phone: 970-449-4632

Fax: 970-449-4637

Oklahoma City Office

14000 Quail Springs Parkway, Suite 3500

Oklahoma City, OK 73134

Phone: 405-242-4484

Fax: 405-242-4334

Ward

Annual

Chili Cook Off Winners!

L to R

Judy Martin—3rd Place—Sweet & Spicy Chili

Holli Bradford—1st –Yo Mama’s Chili

James Jackson—2nd—Roughneck Chili

Chili Cook Off participants (l to r) Amanda Goodman,

Holli Bradford, Judy Martin, James Jackson, Susan Hessel,

Judy Bradford and Pat Douglass

The winning chili pot!!!

Some of the judges

Holli Bradford & Ryan Phillips

Amanda Goodman, Judy Martin

Matt Keelan with Grant Thornton

Rosie Pomeroy & Marcus Stephens

Tim Collins

Awesome desserts!!!

Gary Guest wore his

“Hot Hot Hot” shirt

for the occasion!!

The winner of Ward Chili Cook Off

will go on to compete in the Enid

United Way Chili Cook Off. Our

QLC committee will also compete

in Best Booth Contest on October

30, 2015 at the Enid Convention

Center.

Joel Champlin was a visitor of Lew & Myra

Ward and guest at Ward’s

Chili Cook Off