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Finding Oil... Back in the old days of finding oil, oil wells were drilled where oil seepage was occurring at the ground level. If the oilman drilled a shallow well near some seepage, he might find an oil pool underneath. Later, early geologists picked locations based on outcrop geology of oil-prone sedimentary layers. If the outcrops looked prospective, then the geologist extrapolated the layers to location away from the outcrop. While these kinds of primitive geology techniques were better than just plain guessing, the best method of finding oil in the old days was to drill a new well near wells that were already producing oil. Not very scientific, but it worked for those times. In some ways, finding oil in OilFinancier is just about as scientific. Oil in this seminar can be found where there are other producing oil wells. However, you also have a couple of tools to help you predict where oil is located: OilFinancier Statistics and OilFinancier Geology. When the seminar starts, you will not have any producing oil wells to guide you to the prospective areas. In essence, you will be a true wildcat driller. But you can use OilFinancier Statistics to help you analyze deals that are profitable and of minimal risk despite you being in a wildcat situation. As a few locations are drilled, with positive and negative results, you can start to see how the various oil pools have formed. From these forms, you can predict the more likely locations for future wells. You will be relying more on OilFinancier Geology as the seminar matures. To learn more:
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- DAVE VOLEK PUBLISHING - All Rights Reserved
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