Investing in Oil Wells w/ Grant Norwood (REI084)
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 Published On Aug 23, 2021

On today’s show, Robert Leonard chats with Grant Norwood once again, but this time they talk about the different strategies of real estate syndications and how they compare to what Grant does with oil; why there is pressure on Exxon and other big oil companies from governments and activist investors; what The Greenpath is and what impact it is going to have, and much, much more!

As CEO of Norwood Energy Corp., Grant handles the day operations and evaluations of oil and gas prospects and minerals. He has successfully worked on projects in the Oklahoma SCOOP and STACK basin's, active areas around Texas, as well as the Illinois Basin. Grant's specialty is recognizing opportunity hot spots in undiscovered areas of the country where they can operate significantly below what it would cost the oil giants, such as Exxon or Chevron. Grant couples his expertise with the desire to help your everyday passive investor get involved in what is one of the most lucrative and yet inaccessible industries in the world.

IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:46 - Strategies of real estate syndications and its comparison to oil investing
10:09 - Pressure on Exxon and other big oil companies and what The Greenpath is
12:58 - Impact of The Greenpath to investors and the oil industry
17:34 - Why industry experts are expecting triple-digit oil prices by the end of 2021
18:54 - What causes the volatility in oil prices in the last few years
21:04 - Concerns Grant has in the oil business industry
22:33 - Indirect effects of oil price levels tripling on the listeners’ everyday life
25:07 - Horizontal drilling and how it differs from conventional drilling processes
30:13 - How an investor can find the right oil driller and the right well
34:05 - How government involvement in oil production affects the success and future development of domestic oil production
37:17 - Tax benefits and incentives in oil investing and how it compares to real estate
40:24 - What Grant sees as the right percentage of allocation in oil investments
42:07 - Which habit or principle Grant follows to reach success and the most influential book in his life

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