Abstract: Buying Oil and Gas Properties for Fun and Profit
James A. Gibbs
Since the mid 1980's large and small companies have been downsizing, reducing staff size, and disposing of producing oil and gas leases. Property divestitures have been via bid and negotiated sales, and through oil and gas auctions. Geologists and petroleum engineers have acquired many of the properties as investments for themselves, their companies, or their clients and investors.
Carefully selected properties can provide excellent rates of return. Success in acquiring properties depends on several factors: selection criteria, knowledge of evaluation methods, access to data, sources of investment capital, and a willingness to persevere in soliciting and screening many prospective purchase candidates.
The paper will present the results of one company's acquisition efforts over a ten-year period.
AAPG Search and Discovery Article #90960©1995 AAPG Southwest Section Meeting, Dallas, Texas