How Gulf Coast Western Vets Its Investment Partners
Joining an oil and gas venture as an outside investor carries real financial exposure, which is why Gulf Coast Western built a two-step process before any partner signs on. The Dallas-based firm, founded in 1970, requires that every joint venture participant first meet accredited investor status under SEC Regulation D. That typically means a net worth above $1 million outside of a primary residence, or two consecutive years of individual income...