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OilExchange.com provides sellers and buyers of oil and gas properties with an online forum for presenting, screening, reviewing, and selecting producing and exploration properties of any size and from any geographical location. Oil and gas companies, the governments of oil producing countries, and various financial institutions transact tens of billions of dollars in oil and gas property business annually.
Sellers of oil and gas properties benefit from a greatly expanded universe of potential buyers. This kind of broad market exposure achieved through the use of OilExchange.com assures a fair valuation of the offered properties. It protects against such second-guessing claims as "money being left on the table." The sellers also gain a great deal of efficiency by concentrating the effort of their professional staff on strategic and technical tasks, rather than running physical data rooms and playing traffic controllers to dozens of visitors from interested companies.
Buyers have the opportunity to screen the available properties and then use Virtual Data Rooms to review the detailed information that traditionally has been presented in physical data rooms located at the seller's office. Dozens of buying opportunities will be at their fingertips. It will take only hours for buyers to screen and prioritize these opportunities instead of weeks, and days instead of months to review them. OilExchange.com also makes use of online property evaluation tools that can be used in real time on the site, thereby providing additional efficiency for buyers' analysis.
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