A Joint Venture (JV) is when two or more parties come together and participate in a specific project. In a JV, all parties are invested in the project in terms of money, time, and effort to build upon and accomplish a specific task. While Joint Ventures are generally small to medium size projects, major corporations also use this method in order to diversify. A Joint Venture can ensure the success of smaller projects for those that are just starting in the business world and can also benefit established corporations. Since the cost of starting a new project is generally high, a Joint Venture allows all parties to share the burden of the project, as well as the resulting profits.
A Swan Energy JV is a partnership between individual qualified “partners” who invest in specific oil and gas drilling projects. A JV will include approximately 30 to 40 qualified partners who have the ability to exercise decision-making control over key project decisions. The existing Partners in any given Swan Energy JV are responsible for approving incoming partners until the project is funded.
Joint Venture Partners must represent that they have knowledge and experience in financial and business matters and are capable of evaluating the merits and risks of participating in a Joint Venture. Swan Energy’s Partners have very diverse backgrounds and experiences which provides more strength to the partnerships. Partners include small business owners, professionals, doctors, farmers, entrepreneurs, ranchers, lawyers, accountants and executives from large corporations.