Contribution of drilling funds and private placements

Conference · Mon Jan 01 04:00:00 EST 1973 · Prepr. SPE of AIME Dallas Sect. Petrol. Econ. and Evaluation Symp.; (United States)

OSTI ID:6816639

May, J E

Drilling funds and private placements are similar in intent; that is, both are financing techniques used by the oil industry to attract capital from the public in order to drill and explore for oil and natural gas. Companies that have built up large reserves, such as the major oil companies, did not use these techniques in the past but relied on internally generated capital, debentures and stock offerings, and bank and insurance financing. But the capital gap in the industry has caused all segments of the industry to re-evaluate their thinking and possible biases and to consider the oil programs and private placement opportunities. Intense competition is forcing many of the programs to restructure their costs and division of revenues to insure investors an extremely fair deal-- generally much fairer than many private deals.

• Research Organization: May Petroleum Inc.
• OSTI ID: 6816639
• Report Number(s): CONF-730395-
• Conference Information: Journal Name: Prepr. SPE of AIME Dallas Sect. Petrol. Econ. and Evaluation Symp.; (United States)
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200 -- Petroleum-- Reserves
Geology
& Exploration
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
CAPITAL
ECONOMICS
ENERGY SOURCES
EXPLORATION
EXPLORATORY WELLS
FINANCING
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
INVESTMENT
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS INDUSTRY
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PROFITS
PUBLIC RELATIONS
RESERVES
RESOURCES
WELLS