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HomeShop at BookSurgeBody, Mind & SpiritUnexplained PhenomenaInvesting in Oil and Gas Wells |
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| Customer Reviews: | | Average Customer Review: ( 5 customer reviews )
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Most Helpful Customer Reviews
13 of 13 found the following review helpful:
Good overall, tax chapter is particularly useful Nov 14, 2007
By Bosoxen2004
"Down 3, 8 straight"
This book has good coverage of oil and gas exploration for a broad audience, but could stand to have a few more illustrations and tables to explain some of the concepts. It's got a pretty thorough step-by-step explanation of the process from exploration to drilling to (hopeful) profit. Who knows what black gold lurks under yonder plains; this book can help you find out. It's a reasonably quick read and pretty dense.
The book's coverage of the AMT (Alternative Minimum Tax) is particularly useful; for many energy investors the AMT is becoming more and more important. I haven't seen any other books of this type that so thoroughly cover the impact of the AMT. Did you know that the AMT can result in double-taxation? This book explains how to structure your investment so that if you make more than $100,000 (which hopefully you will) you'll be able to minimize the risk of getting hit with a huge AMT bill.
Hopefully the next edition will fix the problem with the charts; it's hard to follow some of the tax examples without having a table or a chart or something.
5 of 5 found the following review helpful:
small book; very good Oct 05, 2008
By ilukens
This is a small book -- only 75 page with notes, but it is very well written and tersely but competently explains the essentials of the subject. It is very readable and pitched just right--- it is intelligent and does not oversimplify but avoids being technical, too detailed or too dry. The chapters are: 1) exploration and production basics parts 1 & 2; 2) Tax advantages to the Ol & Gas investor; 3) Deal Structures; and 4) applying financial concepts. In its small size the book succeeds in painting a comprehensive overview of the subject-- it explains the mechanics of the drilling enterprise, the roles of various parties (including the landowner,operator and various active or passive investor and business partners), decision points in the drilling enterprise and allocations of expenses and profits. An excellent and intelligent introduction to the subject.
2 of 2 found the following review helpful:
 Investing in Oil and Gas Wells - Great for broker training Nov 25, 2008
By Josephine A. Race
This book has been helpful for training new brokers in the oil and gas industry. The FINRA licensing tests are fine for the regs, but this puts it in investor-friendly form.
Great primer on oil and gas investing! May 31, 2011
By Bkreviewer
The book is clear and concise, albeit dense in some parts as the concepts are complicated and/or simply new to me. The book has six chapters which can be divided into three sections: 1) the description of the oil and gas exploration and production process, 2) the tax advantages of oil and gas investing, and 3) the descriptions of deal structures one may encounter in the oil and gas industry and the financial concepts one may use to analyze the profitability of a project. I have been searching for reading material that explains the mechanics of oil and gas drilling and found the book particularly useful in its description of the process from exploration through production. In all, the book is a great recitation of a complicated subject, I would recommend it to someone looking for a primer on oil and gas investing.
 Nothing in here you can't find on the web easily enough Oct 15, 2008
By Amazon customer
Very thin, light on details, and I had already gathered most of this information with a little web surfing.
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