Brian Zinchuk is editor and owner of Pipeline Online
Then-Minister of Energy and Resources Dustin Duncan, Randall Smith, and Del Mondor in 2016 when Smith was awarded Southeast Saskatchewan Oil Person of the Year.
Editor’s note: The Saskatchewan Oil and Gas Show is coming soon – and each event sees several people honoured for their contributions to the oilpatch. This year three people will be inducted into the Saskatchewan Oil and Gas Hall of Fame. Pipeline Online will be running biographies on each in the coming weeks. Next up is Randall Smith The oil show takes place June 3-4, with the Hall of Fame inductees being honoured at supper on June 3. You can register for the show and purchase tickets for meals at Oilshow.ca.
Randall Smith, president of Carlyle-based Spectrum Resource Group, was named Southeast Saskatchewan Oilman of the Year in 2017. This year he is being inducted into the Saskatchewan Oil and Gas Hall of Fame.
Randall was born in 1965 and raised in Oxbow. He has called southeast Saskatchewan home for most of his life. Randall attended school in Calgary twice, first graduating business admin and later petroleum land management with honours from Mount Royal in 1993.
Randall’s first oil industry job was with Dome Petroleum in 1984. His next job was with Nowsco Well Service in Medicine Hat. Randall moved back to Saskatchewan in 1988 to work for Encor Energy as an operator. After graduating petroleum land management, Randall took a job with Williston Wildcatters in Arcola, Saskatchewan, starting on the rig as a well site geologist and finally moving into the land department.
In 1995 Randall and partner Nick Lazic, whom he had met in geology class and then worked with at Wildcatters, started Spectrum Resource Group Inc. They have worked since to build Spectrum to what it is today. Randall and Nick have had a great partnership for over 30 years and have continually moved forward in business. They both love the challenges, especially finding new reserves in Southeast Saskatchewan. Spectrum has drilled over 360 wells, all in southeast Saskatchewan, discovering a number of pools, selling some pools to major-size companies and developing some itself. The company currently has 12 employees and is assisted by a group of dedicated professional consultants and contractors in its operations. Randall is especially proud of this excellent team that executes on a daily basis, some of whom have been with the company for more than 20 years. Spectrum is a great place to work and provides fulfilling growth opportunities for its people.
- 0124 General Well Servicing Outlaw Buckers0124 General Well Servicing Outlaw Buckers
- 0124 General Well Servicing Outlaw0124 General Well Servicing Outlaw
- 0123 Pride Upkeep 2026 packages0123 Pride Upkeep 2026 packages
- 0122 SASPO-2956_Safety_2026_Youtube0122 SASPO-2956_Safety_2026_Youtube
- 0109 SaskPower SASPO_2817_PLT_Recruitment_0109 SaskPower SASPO_2817_PLT_Recruitment_
- 0120 2026 SK oil show attendee0120 2026 SK oil show attendee
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001
Randall enjoys the aspect of providing support for the many community groups in southeast Saskatchewan, helping many projects and recreation facilities that make Saskatchewan life great especially for our young people.
Spectrum’s model has been significantly different than many of the other junior oil producers who have come and gone over the years. The others would typically start up, build up production, sell the whole company to a larger public firm, and start again.
Spectrum’s model has been based on longevity. It’s been the junior producer with staying power. They would build up production, then sell about half of the assets, such as a particular pool, and then continue to build. They never sold the whole company and started over. Over the years Spectrum did many deals when the timing was right, selling production larger public companies as feeder plays for their development. Deals were achieved with Crescent Point, Torc, and Whitecap, as examples.
“This model allowed Spectrum to maintain exposure to the upside of the finds while allowing continued focus for itself on the exploration aspect,” Randall explained.
Spectrum has operated successfully in Southeast Saskatchewan for more than 30 years and is very proud to be from Saskatchewan. The plan is to continue discovering and developing our resources for the foreseeable future and to continue to work with mineral owners, land owners and all stake holders for best outcomes.
- 0124 General Well Servicing Outlaw Buckers0124 General Well Servicing Outlaw Buckers
- 0124 General Well Servicing Outlaw0124 General Well Servicing Outlaw
- 0123 Pride Upkeep 2026 packages0123 Pride Upkeep 2026 packages
- 0122 SASPO-2956_Safety_2026_Youtube0122 SASPO-2956_Safety_2026_Youtube
- 0109 SaskPower SASPO_2817_PLT_Recruitment_0109 SaskPower SASPO_2817_PLT_Recruitment_
- 0120 2026 SK oil show attendee0120 2026 SK oil show attendee
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY0115 SaskPower SASPO_2817_PLT_Recruitment_DIVERSITY
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0100 Turnbull Project Manager0100 Turnbull Project Manager
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0097 Eagle Sky Ventures LTD0097 Eagle Sky Ventures LTD
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001