OUR STORY
Progressive Equities, LLC is based in Dallas, Texas and was founded by Jack W. Nichols as a company designed to create equitable partnerships in oil and energy investments. The company's offerings are not like anything else in the marketplace today. Progressive Equities uses a unique platform combining current proven production assets with new well drilling programs, thereby offering investors the ability to achieve higher yields while experiencing lower risks. The company creates a level playing field which has previously been heavily slanted in favor of the oil company (or more likely a 'promoting' company).
In a typical oil and gas investment, a project's value could be marked up to the Investor at a multiple of its actual cost which greatly increases the risk to the individual investor. These types of structures go quickly out of sync as the Sponsor takes the lion's share of his profit as soon as the drill bit hits the ground and eliminates virtually any incentive for the company to work hard to produce revenues on behalf of the Investing Partner.
At Progressive Equities, LLC certain practices are in place as principles. Our projects are not 'wildcat' prospects. That means no oil and gas pioneering. Our wells are typically drilled in proven fields or developmental environments. The profit priorities of our company are directly in-line with that of the Investor. In other words, Progressive Equities, LLC does not get ahead of the Investor when it comes time to apportion out profits from the wells.
We employ the best practices possible when investing our partner's funds. Cost of acquisition and operations are continually scrutinized to maximize the value of the product or service. Each deal is somewhat different, but one constant is wellhead profits are to be paid first to the investing partner before the company. A streamlined economic structure on the front end of each deal is compulsory.
Many of these practices seem common sense, but it is remarkable how often they are overlooked or are non-existent in most oil and gas deals. The fact of the matter is this; the more project your dollar buys, the less oil and gas needs be produced to earn you a profit.
There will always be a certain level of risk in every investment, but one of them should not be whom you are dealing with.
In a typical oil and gas investment, a project's value could be marked up to the Investor at a multiple of its actual cost which greatly increases the risk to the individual investor. These types of structures go quickly out of sync as the Sponsor takes the lion's share of his profit as soon as the drill bit hits the ground and eliminates virtually any incentive for the company to work hard to produce revenues on behalf of the Investing Partner.
At Progressive Equities, LLC certain practices are in place as principles. Our projects are not 'wildcat' prospects. That means no oil and gas pioneering. Our wells are typically drilled in proven fields or developmental environments. The profit priorities of our company are directly in-line with that of the Investor. In other words, Progressive Equities, LLC does not get ahead of the Investor when it comes time to apportion out profits from the wells.
We employ the best practices possible when investing our partner's funds. Cost of acquisition and operations are continually scrutinized to maximize the value of the product or service. Each deal is somewhat different, but one constant is wellhead profits are to be paid first to the investing partner before the company. A streamlined economic structure on the front end of each deal is compulsory.
Many of these practices seem common sense, but it is remarkable how often they are overlooked or are non-existent in most oil and gas deals. The fact of the matter is this; the more project your dollar buys, the less oil and gas needs be produced to earn you a profit.
There will always be a certain level of risk in every investment, but one of them should not be whom you are dealing with.
Location4331 North Central Expy
Suite 900 Dallas, Texas 75204 |
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