While salt water disposal isn’t a sexy part of the oil and gas industry, it is very necessary. According to the Texas Railroad Commission, there are 7,500 active SWD wells in Texas as of 2013, the last year reported.
You probably remember the story of the 1849 California Gold Rush. By 1852, 100,000 people had moved to California to find gold. A total of $2 billion worth of precious metal was extracted from the area during the Gold Rush, which peaked in 1852.
But, very few actually found gold. However, Levi Strauss found his gold mine that is still producing today. Mr. Strauss sold what the 49ers needed. Blue jeans to wear. In 2014, Levi Strauss’s sales were $4.75 billion worldwide.
So, we have capital to purchase that oil and gas infrastructure called Salt Water Disposal Wells. Send me a note if you have access to any that are for sale.