West Texas Investors Club is a CNBC original program where fledgling entrepreneurs pitch their business ideas to investors Wayne Gilliam (Butch), Mike McConaughey (Rooster), and their trusted confidant and advisor Gil Prather. Self-made multi-millionaires Butch and Rooster are charismatic, witty, unpretentious “good old boys” who casually interview nervous entrepreneurs while drinking Miller Lite in their fully-equipped luxury redneck clubhouse. The West Texas Investors are bursting with personality and they tell it like it is, while fostering an encouraging atmosphere for entrepreneurs even when their ideas may fall short.
Butch and Rooster are interested in the person behind the the idea, and prefer to invest in talent and potential rather than just the numbers presented in the pitch. They look for integrity and sincerity over profits and losses, and they have a unique way of getting to know the entrepreneurs. After the pitch and Q & A session, Butch and Rooster concoct a challenge to evaluate the entrepreneur’s product and ability to think quickly in unexpected situations. It’s an entertaining segment of the show where the investors not only test the product in the real world to gauge its potential success in the market, but also assess the character and temperament of the entrepreneur.
After the pressure test they all sit down again, crack a few more beers, and Butch and Rooster either offer their advice and wish the entrepreneur well, or make an offer to invest in the business and become active partners in its success.
Get all the details about each episode and the entrepreneurs who pitched their ideas. The guide summarizes each episode of West Texas Investors Club with business and product descriptions, info on where you can buy the products you’ve seen on the show, and links to dig for more. If you’re looking for something you saw on the show, this is the place to start.
Like his co-star Mike “Rooster” McConaughey, Butch Gilliam made his fortune largely as a result of hard work and perseverance. Gilliam dropped out of high school at just 15-years-old and immediately began working for his father’s machine shop. He was soon promoted from janitor to machinist and then, eventually president of the company when his father retired. In a classic case of “in the right place at the right time,” Gilliam happened to be ascending the ranks of the company at the same time as the oil boom of the 1980s.
Under his watch his father’s business, affectionately known as Curley’s, transitioned from a straightforward tool manufacturing and repair shop into the expansive pipe yard it would eventually become known as. Years later, Gilliam would sell Curley’s for a tidy profit – thus allowing him to truly take his destiny into his own hands.
Over the years Gilliam continued to not only build new companies of his own but also invest and fully operate companies in a wide range of different industries. At any given moment he has his hands in technology, real estate, consumer products and everything in between.
“The Big Deal”
Gilliam’s single largest deal in his lifetime came in 2004, when the “Gilliam Luck” struck once again. He purchased an individual patent on a very specific type of flush-joint connection for $200,000. Being able to see the future when nobody else could, Gilliam would then go on to sell that patent in 2006 for $100,000,000.
Over the years he also founded West Texas, Ltd. – the investment group that is the origin of the program’s name. He began West Texas, Ltd. with the help and support of someone he considers to be both his business partner and a lifelong friend, “Rooster” McConaughey.
These days, Gilliam continues to operate and invest in companies when he isn’t starring in front of the TV cameras for CNBC’s hit new reality show. Indeed, it seems like reality TV is just another frontier that Gilliam is working hard towards conquering on a daily basis.
If you had to make a list of people who really knew the value of a hard day’s work, Mike “Rooster” McConaughey’s name would undoubtedly be right at the top. He wasn’t always the star of the hit CNBC reality television show “West Texas Investor’s Club” – he actually began working in the oil fields of Texas for his father at age 12.
Highs and Lows
Despite the fact that he never finished college, McConaughey was still able to make his first million by age 30 from his earnings in the oil pipe business. Though he quickly lost that fortune just a year later when the industry suffered a catastrophic downfall, McConaughey insists that the experience proved to be invaluable. It taught him everything he needed to know about hard work and not taking anything for granted, along with just how beneficial calculated risks can sometimes be.
After bouncing back from his misfortune, McConaughey founded and currently acts as the sole owner of DGM Supply. It’s a leading oil pipe machine shop in Texas that specializes in, among other things, buying and selling used pipe all over the country. Mike is incredibly proud of the fact that he averages a 2 to 1 profit ratio on all of his pipe deals, something that anyone in the industry will tell you is very hard to come by. Additionally, his most recent oil deal performed at a 5 to 1 investment ratio in as little as two years.
As you may have already guessed by the name, Mike also happens to be the older brother of actor Matthew McConaughey, star of such films as “Dazed and Confused” and “Magic Mike.” Partially due to the success of his younger brother, Mike is an active investor in all things entertainment. He also participates in a wide range of other business ventures like ranching, corn, real estate, water and just about everything in between.
West Texas, Ltd.
Mike McConaughey would eventually go on to form West Texas, Ltd., an investment company started with his lifelong friend Wayne “Butch” Gilliam. Much like Gilliam, McConaughey shares that “can-do” spirit to his core. They have long said that their goal in investment isn’t to get rich, nor should it be. Instead, West Texas, Ltd. was founded on the ideal that if you invest in common people with big ideas, wonderful things can happen.
Over the years, Mike and Butch made friends with two television producers. After talking about their activities in investment, the producers realized that their business has the potential to make the type of show people couldn’t help but watch. From that small kernel of an idea, “West Texas Investors Club” was born.
Gil Prather is more than just one of the stars of the hit CNBC reality show “West Texas Investors Club.” As both a self-made millionaire and an American Music Hall of Fame singer/songwriter, Prather is an entrepreneur to the core and a musician to the soul. Over the years much of his music has won critical acclaim, including his song “I’ll Be Back in Texas by the Fall” which was awarded the honor of “Song of the Year” by the Academy of Western Artists. As the much-needed comic relief on “West Texas Investors Club,” he was also one half of the “Jose Brothers” comedy team all throughout the 1990s.
CNBC: New Episodes and Reruns
West Texas Investors Club airs Tuesdays at 10:00 ET/PT on CNBC. There are often reruns preceding and following its normal time slot. Check your local listings for details. You can watch a selection of episodes on the CNBC website from seasons one and two.
Amazon: Complete Series
All episodes of West Texas Investors Club are available to stream or download in HD from Amazon. You can watch on any device.
DirectTV: Complete Series
You can watch all the episodes if you’re a subscriber to DIRECTV. You can access the show On Demand and stream it across all of your devices.