Eagle Natural Resources, LLC has launched of a new online investing platform for investors seeking opportunities in the oil and gas market. Eagle will join a handful of other O&G platforms seeking capital online for investment opportunities.
Eagle Natural Resources (ENR) is described as an independently owned oil and gas asset acquisition, management, and operating company with assets and developmental drilling inventory in Texas and Oklahoma. ENR is led by Jeremy A. Paul, whose past experience includes the acquisition of thousands of acres and mineral interest assets with proven successes in multiple fields, according to the company. ENR says it will target the strategic acquisition of distressed assets, which may be purchased at a fraction of the price seen over the past decade – due to the current low price of oil.
“Our goal is to acquire producing properties with upside potential in target prospects located in Texas, Oklahoma, Colorado and North Dakota, setting the stage for income today and growth through additional drilling tomorrow,” explained Paul in a release. “With oil prices where they are, when a well hits, the opportunity for our investors to make considerable return on investment could be significant.”
Paul said they are not looking for thousands of smaller investors. Their objective is to attract accredited investors to invet in a down energy market.
“With pooled capital in hand, we plan to deliver a tremendous opportunity to buy low and sell high, which is how investors looking for a smart value play and win,” added Paul.
ENR has a focus on delivering both income and growth potential, ENR’s investment strategy is a smart fit for investors seeking to diversify into domestic energy production while acquiring the tax benefits related to oil and gas investing.
Additionally, some investors may gain tax benefits generated because a portion of some investments offered through the platform may be earmarked to drill new wells.