Friday, December 18, 2009

How do you get money to drill an oil & gas well?

How do you get money to drill an oil %26amp; gas well?How do you get money to drill an oil %26amp; gas well?
Generally you would get that money by being a company whose business it is to produce oil and (natural) gas. If you own land that happens to have oil/gas beneath it, talk to a company and they will pay you to build a well(s). Assuming that it would be worth the effort.How do you get money to drill an oil %26amp; gas well?
You have to be a real good talker and go meet with Banks and people with loads of money and talk them into it. Also some kind of Surveyor's report to show them would be a good idea. Plus have a realistic estimate of how much it would cost so you know how much to ask for.
Form a limited partnership and find high net worth/income individuals who need a tax write-off.

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