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🛢️ Millionaire of the Week: Michael Late Benedum

Biden’s Parting Shot

Good morning, here's what the OilPatch Team has for you today:

The Offshore Oil Ban

Outgoing president Joe Biden has fired one parting shot at Trump.

He will ban oil and gas exploration along most of the U.S. coast.

And Trump will find it hard to reverse that ban.

Fixed-Rate Returns for Accredited Investors

How does it work?

You purchase a bond from ROX Energy Capital

You are now a bondholder with the right to receive a 10% fixed annual return — payable monthly.

ROX Energy Capital Buys Working Interests

Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these “non-op" working interests for the life of the asset.

You get paid

Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.

Learn more at ROX Energy Capital

“The Great Wildcatter”

Unlike most oil tycoons, Michael Benedum wasn’t from either Texas or Oklahoma.

He didn’t even get his start there.

Benedum, nicknamed “the Great Wildcatter”, came from coal country.

Born in 1869 in Bridgeport, West Virginia, Benedum got his start in oil by pure chance.

Tweet of the Day

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