We saw our investments hit by the great recession. So, we started to look around for alternative investments to diversify our money. In the process, sure, we learned a few things. But the big surprise? We had fun. A critical part of making it fun instead of a horror story is to pick the right management team to guide you. We had one oil well investment that resulted in the company officers going to court and possibly facing prison sentences. We may never see money returned from that.
When we invested with U.S. Emerald Energy Partners, http://www.usemeraldenergy.com, we were given a great deal of insight into the process. A constant guiding hand to educate and inform us of the deep and interesting world of oil investing creates a powerful incentive to stay involved. The management team is devoted to making the process painless. Their professional and ethical standards are faultless.
To better understand, and, frankly since we thought it would be fun, we went on location to two of our oil wells. The Emerald Energy team let us tour their office. We met with some of the contacts that we’d exchanged email with. They told us details, technical and financial of how the oil industry and drilling field operate.
They drove us to two wells and we took pictures like tourists. It was just a fun time. The best part was my wife enjoyed it. She had a big smile on her face when she climbed up a set of stairs to peer down into a 18 wheeler truck sized trailer half filled with water and oil. She got some oil and dirt on her hands and I was fortunate enough to capture the moment when see proudly showed the stained palms to me.
Thank you to Matt Greenfield of U.S. Emerald Energy for arranging the tour and the regular status updates.
Please note: investing in oil wells is a risky activity. Do not invest more than you can afford to lose. Do as we did. Start small and hang on for the long term. There are criminals out there, so check the details. We see small monthly checks. It will be a long time to recover our investment. But, we are having fun along the way.
– Gibson N.