Our New Articles
Learn About Investing In Oil, Investing In Oil & Natural Gas Direct Participation Offerings In 2007
by Dennis Stutes
Oil and Gas Investing in 2007 is a bit different than in the past in the United States. It's an older industry now, and only a select few of the oil and gas professionals capable of doing the required work to develop our US oil & gas leases still remain. Some of their sons who are second, or third generation family members have elected to stay in our industry, but they are few and far between. We lost over 500,000 oil and gas professionals, and newly minted college, and university trained geologists, engineers, and other key people needed in our oil & gas business in the late 70's, and early 80's. Most of these industry professionals never returned to our business. We have the old timers, and they can get the job done, but many are retiring, and dying. Therefore, finding the most experienced and still living professionals in our energy industry is a big challenge, but a critical one, if you are going to consider investing, and working with smaller independent companies who can do a good job for you as an investor in direct participation, and private oil & gas investing development projects.
My experience of 25 years of working with promoters, and oil & gas people, including being an operator myself, and working with other operators, and smaller oil & gas companies has been career of both success, and sometimes great frustration. Unfortunately, there is no law against incompentence in our country, a fact which is recognized, and taken advantage of by the unscrupulous, and simply incompetent, who know how to promote themselves well. Some of the best operators are not the best sales people, and frankly are usually not great communicators. They however must be good businessmen, and must handle the many daily details to be successful, as they properly operate oil & gas leases we develop in the US. Stay away from the oil and gas promoters...in my experience, their salespeople know very little about the products, and deals they promote...and their 'promoter managment' usually keeps them in the dark about the bottom line details of the the deals they are promoting. Learn to deal directly with an operator, or oil company owner, who can control the majority interest of an oil & gas deal. In fact, few oil & gas operators would be interested in operating a legitimate oil & gas lease unless they control it with over 50% ownership of the working interest. You should have the right to deal directly with the issuer's of an oil & gas development project, and that also means being able to talk directly with, and request information about an offering directly from the operator of record. You want to know things you are getting like net revenue interest, working interest conveyed, actual costs to drill and complete wells, and all costs, unless the company is offering a turn-key, and if so, the integrity, and commitment of the company needs to be outstanding.
About The Author: To Learn about potential participation with oil and natural gas investing opportunities contact Dennis Stutes of http://www.oilandgasinvesting.com
These articles on lifestyle and more
Return to the selection of learn about investing in oil
You may want to try these websites for additional information
http://calbears.findarticles.com/p/search?tbart&qtOil+well+drilling+%2F+Statistics
http://calbears.findarticles.com/p/search?qtOil+well+drilling+rigs+%2F+Forecasts+and+trends&qfm3MKT
http://calbears.findarticles.com/p/search?qtOil+well+drilling+rigs+%2F+Forecasts+and+trends&qfm3159
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
Oil and Gas Investing in 2007 is a bit different than in the past in the United States. It's an older industry now, and only a select few of the oil and gas professionals capable of doing the required work to develop our US oil & gas leases still remain. Some of their sons who are second, or third generation family members have elected to stay in our industry, but they are few and far between. We lost over 500,000 oil and gas professionals, and newly minted college, and university trained geologists, engineers, and other key people needed in our oil & gas business in the late 70's, and early 80's. Most of these industry professionals never returned to our business. We have the old timers, and they can get the job done, but many are retiring, and dying. Therefore, finding the most experienced and still living professionals in our energy industry is a big challenge, but a critical one, if you are going to consider investing, and working with smaller independent companies who can do a good job for you as an investor in direct participation, and private oil & gas investing development projects.
My experience of 25 years of working with promoters, and oil & gas people, including being an operator myself, and working with other operators, and smaller oil & gas companies has been career of both success, and sometimes great frustration. Unfortunately, there is no law against incompentence in our country, a fact which is recognized, and taken advantage of by the unscrupulous, and simply incompetent, who know how to promote themselves well. Some of the best operators are not the best sales people, and frankly are usually not great communicators. They however must be good businessmen, and must handle the many daily details to be successful, as they properly operate oil & gas leases we develop in the US. Stay away from the oil and gas promoters...in my experience, their salespeople know very little about the products, and deals they promote...and their 'promoter managment' usually keeps them in the dark about the bottom line details of the the deals they are promoting. Learn to deal directly with an operator, or oil company owner, who can control the majority interest of an oil & gas deal. In fact, few oil & gas operators would be interested in operating a legitimate oil & gas lease unless they control it with over 50% ownership of the working interest. You should have the right to deal directly with the issuer's of an oil & gas development project, and that also means being able to talk directly with, and request information about an offering directly from the operator of record. You want to know things you are getting like net revenue interest, working interest conveyed, actual costs to drill and complete wells, and all costs, unless the company is offering a turn-key, and if so, the integrity, and commitment of the company needs to be outstanding.
About The Author: To Learn about potential participation with oil and natural gas investing opportunities contact Dennis Stutes of http://www.oilandgasinvesting.com
These articles on lifestyle and more
Reprint this article free of charge as long as you keep the author's resource box or bio intact and the links active. A copy of the ezine or URL of the page where the article was reprinted emailed to the author would be very much appreciated. learn about investing in oil
Return to the selection of learn about investing in oil
You may want to try these websites for additional information
http://calbears.findarticles.com/p/search?tbart&qtOil+well+drilling+%2F+Statistics
http://calbears.findarticles.com/p/search?qtOil+well+drilling+rigs+%2F+Forecasts+and+trends&qfm3MKT
http://calbears.findarticles.com/p/search?qtOil+well+drilling+rigs+%2F+Forecasts+and+trends&qfm3159
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
