- Trading Gas and oil reserves--producing leases and nonproducing leases; drilling prospects; farm outs; royalty interests; working interests; international concessions; prospects, etc.
- Gas and oil marketing.
- Purchasing and transportation.
- Secondary (water flood) and tertiary recovery prospects; services; techniques.
- Drilling; completion.
- Computer software--services, equipment.
- International financing--investors, investment banking, banks and other credit sources.
- Geologist and geological services.
- Petroleum engineers and engineering services.
Sellers set up modest displays--rented tables and chairs with modest signs identifying themselves--in their appropriate interest area. The idea is to keep it simple and the cost low, so that expense is as low a barrier to participation as possible.
Those interested in dealing in a specific sub-market are directed to a specific area. Individuals and companies bid in a silent auction for a six-day option to purchase the property at a stated minimum price
Houston, TX
