This is the most thorough book I have read and listened to on the subject of directly investing in oil and gas drilling deals. It is technical but it is written in a way that it is easy to understand. One Amazon reviewer said the author holds your hand and walks you through everything. That is true. It is the only oil and gas investing book I have found that discusses both investing matters and field operations. Most oil and gas books discuss only one or the other. I have both read the paperback and listened to the audiobook several times and I keep learning more each time.
My favorite parts are the chapter on economic evaluation of oil deals and the questions to ask before you invest in a deal. These questions to the promoters of oil and gas investments help you screen out bad deals quickly and help you see the best deals when they come along. This book is also a great long-term reference that will be helpful in due diligence.
I would strongly recommend either reading or listening to this book before investing in a drilling deal. The paperback version on Amazon has almost all 5-star ratings. It has a lot of photographs and diagrams that you obviously don't get in the audiobook. Finally, I know of at least one Capital firm for whom the paperback version of this book is required reading for all new employees.
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