Paper: Factors Determining Operating Methods of Independents

There are several factors which differentiate the operating methods of the independent operator from those of the major company. Some of these differences have a rational basis; some of them are debatable, while others may prove costly to the independent in the long run. As a starting point for this paper on the methods of independent operators, a definition of the independent operator, as used in this paper, should be given. This paper is concerned with the independent operator who is either a small individual operator beginning operations with limited cash, or who is that same operator after he has established production and whose main task is to increase his reserves through the investment of his existing oil income. The large integrated independent operation does not fall within the scope of this paper.