Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/breitling-energy-forms-asset-management-division.shtmlBreitling Energy forms Asset Management division
Breitling Energy Corporation has formed its Asset Management division as both a revenue center and a risk diversification strategy.
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Breitling Energy Corporation has formed its Asset Management division as both a revenue center and a risk diversification strategy. The Asset Management division consists of two sub-divisions: Portfolio Management, and Oil and Gas Management.
The Portfolio Management sub-division manages portfolios of royalty and non-operated working interests. This sub-division has existing industry partners that syndicate royalty and non-operated working interests to a network of institutional and qualified investors.
The Portfolio Management sub-division generates on-going revenue and increases reserve value through management fees, carried interests in the properties acquired and/or performance fees. To date, the Company has completed approximately $15 million of acquisitions of royalty properties in Oklahoma and Texas.
