What Steps Can I Take to Evaluate the Strange New World of E&P Start-Ups?
Know your environment……………
The last four years have given birth to a large number of new E&P startups with higher commodity prices, availability of capital, and growing oil and gas demand driving the process. The changing environment created an increase in perceived risk of production-based acquisitions shifting equity capital investments to focused, drilling opportunities where technology advances can differentiate the E&P entrepreneur. Successful entrepreneurs now find niches within the exploration/exploitation A&D market through applying combinations of leading-edge seismic technologies, drilling and completion methods, and lower-cost but highly effective stimulation methods. For the entrepreneur willing to take a risk many opportunities exist.
Know the hurdles……..
What are the barriers to entry? What are the skills and characteristics that strongly contribute to creating a successful business? What are the steps and challenges in initiating, growing, and capitalizing an E&P start-up?
Do you have what it takes to initiate your own E&P start-up or join a start-up?
What drives me?
Where is my comfort zone?