Warren Buffett’s Favourite Oil And Gas Company

Oil and Gas Property Management, Inc. is one of the several companies that Warren Buffett profiled in the Commercial and Financial Chronicle’s The Security I Like Best column in the late 1950s. [buffett] Warren Buffett’s Favourite Oil And Gas Company Oil and Gas Property was organized to “manage producing oil and gas properties” by buying up these properties subject to substantial oil payments. According to Buffett, a large proportion of income from producing assets was used “in the early years to extinguish these payments.” He goes on to compare this method to “real estate purchase subject to large mortgages with…