Landman Season 2 Episode 8: Will M-Tex go bankrupt in 3 years? Details revealed

Paramount+ shook things up with the newest Landman Season 2 Episode 8 titled 'Handsome Touched Me.' Cartel boss Dan Morrell/Gallino finally lays his cards on the table, and it is not good for M-Tex Oil or the people working there. Turns out, all the rumors about the company’s future were right. M-Tex is staring down bankruptcy, and it could happen in three years. Meanwhile, Gallino has already set himself up to cash in, no matter how this plays out.

Landman Season 2, Episode 8, dropped on January 4, 2026, on Paramount+ and delivered critical information for M-Tex. The focus this time is on the company’s plan to rebuild an offshore natural gas rig that was wrecked by Hurricane Francine. They are betting $400 million on this.

Tommy Norris (Billy Bob Thornton), attorney Rebecca Falcone, and legal advisor Nate are all convinced that owner Cami Miller (Demi Moore) is heading straight for disaster. They are not wrong. When Tommy finally corners Gallino, he uncovers the real story behind the investment, and it’s even worse than anyone expected.

Landman Season 2 Episode 8: Will M-Tex go bankrupt in 3 years?

The most shocking discovery in Landman Season 2 Episode 8 is made when Tommy meets Gallino at his office to persuade him to pull out his support on the offshore drilling project of M-Tex. By telling Gallino about the slim chances of the success of the project, like only 10% probability of discovery of natural gas, Tommy hoped that he was able to convince Gallino to withdraw his $400 million investment. But the answer given by Gallino showed a much more calculated policy than anyone had hoped.

Gallino revealed that he didn’t simply loan M-Tex $400 million; he put money into the company under conditions that guarantee royalty payments on the land leases of M-Tex. As mentioned in DMTalkies, these royalties would bring about an estimated $300 million a year to Gallino. The structure guarantees that in case Cami’s offshore drilling activity goes down in flames and M-Tex file bankruptcy, Gallino still receives royalties on whoever buys the leases of the company in a liquidation situation.

In Landman Season 2 Episode 8, Gallino openly informed Tommy that he was looking forward to M-Tex failing in three years or less. This eye-opener was a shock to Tommy because he realized that the deal was put up as a no-lose deal to Gallino. Regardless of the success or failure of M-Tex, the cartel boss is guaranteed a payback and earns a good profit.

The M-Tex crisis can be explained by the company's necessity to reconstruct an offshore natural gas rig in what used to be referred to as the Gulf of Mexico. Company geologist Charlie disclosed distressing news to Rebecca and the legal team: the old drilling platform could have accessed merely a minor pocket of gas as opposed to a large reservoir. When they tried to drill further, the process took in sand and water, and the management had to close down the rig, saying that it was damaged by Hurricane Francine.

According to Charlie, there was only a 10% possibility of successfully finding the larger gas reservoir by further drilling. This was the reason that led Rebecca and Nate to suggest legal action against the insurance company because it is the less risky financial solution. This conservative approach was, however, denied by Cami. According to The Cinemaholic, Cami does not desire the safe choice but success. She prefers to risk billions in profit by taking a gamble instead of millions of dollars via settlement.

The choice made by Cami to go ahead with the risky drilling business is based on a compounded form of grief, pride, and desperation for money. Cami even told Tommy that she believes this project will be necessary to prove that she can be a competent businesswoman and not just a rich widow. She explained to Tommy that she would like people to admire her business sense and follow her gut even when things appear to be impossible.

Also Read: Landman Season 2 episode 8 recap: Dan and Cami walk away secure as Tommy and M-Tex employees bear the risk

M-Tex is faced with a grim financial reality. Following the demise of founder Monty Miller, the firm found out that a significant part of its capital was invested in investments, trusts, and non-liquid assets. According to Taste of Country, the normal business loans would attract interest rates and conditions that would drain the resources of M-Tex and probably cause bankruptcy within a few years in any case. The offer made by Gallino seemed to be the sole way to make the company run.

But Cami does not know what Gallino really has in mind. Though she considers Dan Morrell a valid investor who believes that M-Tex has the potential to be profitable, Gallino actually hopes that the drilling would fail and Cami could take a comfortable retirement with her trust fund in his control, and he continues to enjoy the precious royalty checks. Such a conflict of interest prepares a threatening scenario for M-Tex workers who rely on the company's survival.

Landman Season 2 Episode 8 puts Tommy Norris in an even more difficult situation. He strongly objects to Cami’s decision to collaborate with Gallino, since he is aware of his criminal history and the unethical business conduct of the cartel boss. But when Tommy faces Gallino and discovers the extent of the investment structure, he knows that he has nothing to bargain with to avoid the catastrophe that he forecasts.

Ready Steady Cut reported that Tommy thinks Cami is probably going to run M-Tex bankrupt, sell the company bit by bit, and retire in what one source termed “luxurious disgrace.” Tommy knew that, regardless of the success or failure of the drilling, Gallino was the real winner in this deal.

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Also Read: Landman Season 2 Episode 8: Is Tommy retiring as a landman? Details revealed

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