The Crude Life Week in Review Episode 369: Mining Money and the Shift in Energy Employment

As massive as they are, oil rigs are mobile worksites that can move every couple of weeks in a process that takes only about 24 hours. This operation relies heavily on skill oilfield truck drivers to haul oversized, odd-shaped loads over unimproved roads in all kinds of weather.

Brandon Davis, CEO, and Imran Khan of Swan Energy, join The Crude Life for the weekly segment Mining Money. This week it’s all about investing in oil wells. Opportunities are plentiful right now in oil and gas and Davis and Khan explain why and how.

“There are so many ways to invest in the oil and gas business as far as oil wells go,” Davis said. “From going out and acquiring leases to buying interest in wells, to buying interest in partnerships that own interest in wells and in some cases you can buy partnerships that have interest in partnerships that have interest in wells.”

Although there are great entry level price points in the market, the two point out that it’s still the oil and gas business, so there’s a risk reward consideration.

Joseph “JB” Bendick comments on the recent shift in oil and gas employment. Bendick points out many of the laid off workers are leaving the industry completely due to lower wages offered than before COVID/OPEC/GREEN issues.

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