Summary

In 1992, I decided to acquire an oil and gas company. My background as a petroleum geologist prepared me to assess the assets and technical staff of potential acquisition targets; however, the means of financing such an acquisition were new to me. The identification of an attractive $11 million acquisition candidate accelerated my learning process on the limitations and opportunities presented by the principal financing mechanisms available—bank, mezzanine, private equity, volumetric production payments, or the public market.

AAPG Search and Discovery Article #90937©1998 AAPG Annual Convention and Exhibition, Salt Lake City, Utah