has 5000 investors with 75 employees in Dallas and Houston and has sold over 75 income producing oil projects.
The average return to buyers for the past 6 years has been 10.3%。
Anybody can own an oil well in America. 85% of all new oil wells are drilled by small companies and individuals.
- How To Buy Oil Wells
A Person can buy stock in an oil company.
OR, a person can become a direct partner in an oil well that is currently producing oil income or be a partner with a new venture to drill an oil well.
- The Risk
1. Financing a new oil well is the most risky, with small chances of success. But, if the new well is successful, it can make the partners a lot of money.
2. Purchase an interest in a well that is already drilled and producing oil income.
- Working Interest, Royalty Interest or Overriding Royalty Interest
A. Working Interest:
The buyer is a full partner, sharing in the income, the management and the expenses.
B. Overriding Royalty Interest: The buyer receives income from ALL WELLS on a particular property. ALL WELLS currently producing and ALL WELLS that may be drilled in the future.
- Risk Varies
The more that is unknown, the higher the risk. Price of oil fluctuates. Mistakes, Natural disaster, War.
- Income, Return Of Capital
Buying an already existing producing oil property can pay the buyer an income of 5% to 30% a year and in some cases more.
A buyer can expect his original capital expense to be returned in 3 years to 10 years. The amount of return and time for money to be returned is dependent on the amount of risk the buyer is willing to take and how fast the seller wants money.
If you would like to buy income producing oil wells in America:
Please email Mark S. McGrew at MincOil@aol.com
Call in the USA at + 001-915-921-
Please call between 23:00h and 13:00h China time.
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Mark S. McGrew, President of Minc Oil Co., LLC , has been in the oil business for 25 years as a fund raiser and as a broker, representing buyers and sellers of producing oil properties.