Because of the risk involved in oil and gas partnerships, only those individuals who qualify as “accredited investors” may participate in one of our Joint Ventures. An accredited investor is defined as an individual who satisfies at least one of the standards listed below.
- An individual whose net worth (excluding the value of your primary residence) and personal property, over total liabilities, individually or in addition to that of his or her spouse at the present time exceed $1 million
- An individual who has had income in each of the two most recent years in excess of $200,000, or joint income with his or her spouse in excess of $300,000 in each of the two most recent years, and reasonably expects the same income level in the present year
- An entity in which all of the equity owners are accredited investors
- An individual or entity that may otherwise be deemed an accredited investor as that term is defined in Rule 501(a) of Regulation D as promulgated by the Securities and Exchange Commission