It is no secret; Texas is the leading oil producer in the United States. It isn’t a surprise that it is mostly likely at the top of every investor’s list as a potential location for their investment. Texas has long proved to be one of the best locations in the world to drill for oil and gas. One-third of all oil and gas produced in the United States comes from the Lone Star State. With these numbers, Texas deserves your due diligence on a possible investment opportunity in the state.
Being the most populated city in Texas and ranking 4th in the United States, Houston has flourished due to the oil and gas industry. After World War II, the city grew from a small commercial center to being one of the largest cities in the United States due to its concentration of oil refineries and petrochemical factories.
Oil and Gas in Houston, Texas
Hugh Roy Cullen drilled the first commercially viable oil well in the Houston area. In 1915, he used $20,000 of his own savings and drilled in the old Pierce Junction oil field in the city of Houston. It quickly began producing 2,500 barrels of oil a day, giving the investors a 300% return on their investments. Since then, the oil and gas industry has been an important and vital part of the Houston economy.
Today in Houston
Today, the energy industry is flourishing in Houston. Companies like Chevron, have invested billions of dollars in turning the city into a oil and gas capital of the world. With many oil companies basing their drilling and exploration branches in Houston, it is quite clear Houston’s oil and gas sector is here to stay.
Oil and gas investing in Houston
An oil investment could provide you with very lucrative returns. But there are risks involved. The best way to balance out the benefits and the risks when making an investment is to perform your due diligence and evaluate whether the investment is right for you and aligned with your goals. New and old oil investors are always better armed with information and knowledge pertinent to oil and gas industry so they can become less vulnerable from the risks and more accessible to the rewards.
We can help
Oilinfo.org acknowledges that investing directly in oil and gas takes incredible amounts of money. That very same amount could have afforded you with formal education in the oil and gas industry. However, now that direct oil and gas investments have become more accessible to average Americans, Oilinfo.org wishes to “bring awareness to common pitfalls and educate potential investors on how to evaluate oil well drilling investments.”
Before handing any amount or a signed check to an investment broker or an oil company, you also need to consider beforehand the investment you want to make, so you are better equipped in facing the risks as well as ensure that the investment is real and legitimate. In the oil and gas investment game, risks are inherent. As with any other investment vehicle, you need to properly evaluate the investment before making any decision. Our Free Insider’s Guide & Legit Meter can help.