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Jack Overstreet

Low Risk Shale Oil Investments - Public Stock vs. Buying and Selling Leases

Jack Overstreet

Dear Readers,

In 1986, the U.S. domestic oil and gas industry was on life support. Oil dropped below $10 a barrel, natural gas was cheap, and the investment community was unimpressed with the overall results of the 1973-1982 “boom” in exploration. Driven by high marginal income tax rates in the late seventies and the boundless promises of promoters, through the public markets and private placements, investors dumped billions into oil and gas companies and drilling ventures. In fact, the value of all oil and gas reserves discovered in that period was less than the total cumulative exploration and development investment!

Tags: 
Risk
economy
Investment
Jack Overstreet