(Newswire.net — November 25, 2013) Austin, TX — Today in North Dakota, new technology is turning an old discovery into a lot of money for a lot of people. Investors are lining up to get a piece of the action – and even though this investment vehicle has long been a strategy reserved for the rich, a veteran oil and gas company has recently made it available to the middle class as well.
The “old discovery” was made in North Dakota in 1953. The Amerada Petroleum company drilled an oil well and named it after the landowner, Henry O. Bakken #1. That was the first well drilled in what is now known as the Bakken Formation.
The Bakken Formation was thought, even then, to be home to vast amounts of oil. But because the oil seemed to be trapped in a tight shale, it was too expensive to bring to the surface.
Fast-forward 60 years and that is no longer the case. New technology has changed everything, allowing oil companies to both drill horizontally and break up tight shales to release trapped oil.
USA NOW #1 IN WORLDWIDE ENERGY PRODUCTION?
This has created an oil boom in North Dakota with global implications. In fact, the United States just passed Saudi Arabia and Russia to become the #1 producer of liquid fuel in the world, which includes crude oil, natural gas and biofuels. And as a result, the U.S. is now exporting more crude oil than it imports for the first time in 18 years.
The top spot for crude oil production alone still belongs to Saudi Arabia, although that title is also expected to change hands by 2015 as investors continue to pour money into drilling new oil wells in America.
Currently an average of 7 new wells are drilled in North Dakota every single business day – and it’s often turning into an enormous payday for those involved.
Bruce Gjovig from the University of North Dakota suggests this oil boom is creating around 2,000 new millionaires per year. Many residents who have leased their land rights to the oil companies are receiving checks of $50k-$60,000 per month – and sometimes as high as $100,000 per month.
This has captured the attention of investors, especially since oil and gas investing comes with incredible tax advantages. Unfortunately, oil and gas investing has long been mostly reserved for the rich. But now an innovative company is changing that completely.
MIDDLE CLASS INVESTORS NO LONGER “SHUT OUT”
Ever since The Securities Act of 1933, the middle class has been mostly shut out of oil and gas investing. The legislation made it so only accredited investors could easily invest in oil exploration. Investors are “accredited” if they make more than $200,000 per year or have a net worth of more than $1 million, not counting their house. This effectively restricted oil and gas investing to the “already rich.”
But The Elevation Group (EVG), known for bringing the investment strategies of the ultra-rich to the middle class, has found a company with a solution. EVG members were recently treated to a special webinar with the veteran oil and gas company where they discovered how to invest in the “black gold rush” without being accredited or rich. The replay is still available in the members area.
Those wanting to learn more about how everyday people can invest in oil and gas exploration, just like the rich do, can find out more at http://www.theelevationgroup.com.
About The Elevation Group: Serial entrepreneurs, Mike Dillard and Robert Hirsch, started The Elevation Group with a single mission: to bring the investment strategies of the ultra-rich to the middle class. Since its founding in 2010, the company has served more than 50,000 members, making it the fastest growing financial education company on the planet. Find out more here: http://www.theelevationgroup.com/