Category Archives: History of Success

Time To Acquire Salt Water Disposal Properties?

Salt Water Disposal Wells Trucks Delivering Saltwater

Some oil producers are trying to sell parts of their lucrative saltwater disposal businesses in effort to raise cash due to low crude prices.

Many oil companies rely on outside contractors, which tend to be small, privately-held companies, to inject their salt water by product of oil production thousands of feet deep into the earth below the water table.

But for some producers which own such facilities, the high margin business,  also makes them appealing to investors seeking  high yields.

Putting such businesses up for sale suggests that some energy executives are coming under increasing pressure to part with good, albeit non-core, assets to ride out the crude market slump.

The U.S. Environmental Protection Agency figures show more than 9.5 million barrels of brine and other liquid byproducts get pumped into 28,000 saltwater disposal wells around the country.

Disposal fees range from 25 cents to $1 per barrel generating hundreds of millions of dollars in annual revenue for investors.

The volume of water extracted along with oil tends to increase as wells age, in some cases reaching as much as five barrels for every barrel of crude produced.  This may be a factor of why rates for saltwater disposal wells has held steady even as crude prices have tumbled.

So, is it time to acquire salt water disposal properties?  Maybe.

Source: Oil Producers Try Selling Parts of Salt Water Disposal Businesses, Oil And Gas Investor, September 11, 2015

Who Is In Your Mastermind Group?

mastermindgroupThis blog post is a couple days behind on my normal publishing schedule, because I was focused on preparing for my mastermind group meeting.  This monthly meeting has 5 to 10 business owners in various businesses that gather to be better and get better at what it is we do.

In preparation, I realized the funding model I should use for one of my projects was that used by Texas Capital Bank when they expand to a new city.  They gather up the business leaders of the city to invest in that new bank.  Now they are motivated to recommend the bank to business associates, customers and suppliers.

I described that model to my mastermind group.  When they understood my business they recommended an additional market for the service that could easily increase sales by 50%,

What is so amazing is that people who are already in this business for 10 years did not see this new market.  I may not have every discovered it on my own.

The time and money I spend on this mastermind is paid for the entire year by this one idea that is not being employed to date and might not have appeared any other way.

In his 1928 version of “The Law Of Success In 16 Lessons,”  Dr. Napoleon Hill’s first law is “The Mastermind.”

Dr. Hill credited much of his success to his first mastermind with Andrew Carnegie, the richest man of his time, and his stepmother who was a constant encouragement.

Hill spent 20 years studying “The Law Of Success” before he had any monetary gain from his study.  However, he has been credited with helping to create over one million people become millionaires.  Before his death in 1970, his one book “Think And Grow Rich” sold over 20 million copies and to date over 70 million copies have been sold.

I would call that success.  Maybe the only thing standing between you and your next level of success is getting in or starting a mastermind.

What you don’t know about the 4th of July celebration

Screen Shot 2015-07-03 at 4.17.38 PMTHE BIRTH OF AMERICAN INDEPENDENCE
When the initial battles in the Revolutionary War broke out in April 1775, few colonists desired complete independence from Great Britain, and those who did were considered radical. By the middle of the following year, however, many more colonists had come to favor independence, thanks to growing hostility against Britain and the spread of revolutionary sentiments such as those expressed in Thomas Paine’s bestselling pamphlet “Common Sense,” published in early 1776.

On June 7, when the Continental Congress met at the Pennsylvania State House (later Independence Hall) in Philadelphia, the Virginia delegate Richard Henry Lee introduced a motion calling for the colonies’ independence. Amid heated debate, Congress postponed the vote on Lee’s resolution, but appointed a five-man committee–including Thomas Jefferson of Virginia, John Adams of Massachusetts, Roger Sherman of Connecticut, Benjamin Franklin of Pennsylvania and Robert R. Livingston of New York–to draft a formal statement justifying the break with Great Britain.

Did You Know?
John Adams believed that July 2nd was the correct date on which to celebrate the birth of American independence, and would reportedly turn down invitations to appear at July 4th events in protest. Adams and Thomas Jefferson both died on July 4, 1826–the 50th anniversary of the adoption of the Declaration of Independence.

On July 2nd, the Continental Congress voted in favor of Lee’s resolution for independence in a near-unanimous vote (the New York delegation abstained, but later voted affirmatively). On that day, John Adams wrote to his wife Abigail that July 2 “will be celebrated, by succeeding Generations, as the great anniversary Festival” and that the celebration should include “Pomp and Parade…Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other.”

On July 4th, the Congress formally adopted the Declaration of Independence, which had been written largely by Jefferson. Though the vote for actual independence took place on July 2nd, from then on the 4th became the day that was celebrated as the birth of American independence.

Happy 4th of July America!

Bill Moist

Source: History Channel

U.S. Battles Opec Over Expansion Of Oil Output

H&P Drilling Rig, Midland, Texas

Introduction…American drillers increased oil production at the highest rate in a Century in 2014 despite falling prices.

Opec’s efforts fail… to slow down the pace of growth of America’s oil industry last year, according to new data which revealed that drillers in the US increased production at the highest rate in more than 100 years.

The US government’s Energy Information Administration (EIA) has said that output increased by 1.2 million barrels per day (bpd) last year to reach 8.7 million bpd. This is the largest single increase since records began in the early 1900s.  America’s oil production has surged against a backdrop of volatile markets since the Organization of Petroleum Exporting Countries (Opec) effectively launched a price war in November by agreeing to leave its output quotas unchanged.

But wait, there’s more!