December 17, 2014 By Chris Tanner, Co-Founder Diverse Retirement Solutions
Diverse Retirement Solutions had a fantastic webinar last night discussing the opportunity to invest in direct oil well ownership. We would like to thank our special guest, Kyle Thomason, with Downhole Energy for sharing such great information. Here is an overview of what was covered:
There are 2 basic types of oil wells you can invest in. Shallow well and deep well. Shallow wells, like the name suggests, are wells that only drill 2-4 thousand feet deep. Shallow wells are much cheaper to establish, ranging from $100,000 - $250,000 per well, as compared to deep wells which can cost up to 8 million to drill. Deep wells can go as deep as 12,000 feet, and can offer much higher returns but offer higher risk than shallow wells.