• 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

 

    Every Tuesday in Houston, TX

Trade Days - The Auction Process