TEN PERCENT TED

摘要

Rumors abound that iconic Midland oilman Ted Collins Jr. held a 10% stake in every deal done in the onshore U.S. for the past 50 or so years, and no one has come forward to dispel those reports as yet. While a humorous hyperbole, the reality is that Collins participated in an inordinate amount of oil and gas investments simply because he was trusted by so many people in the industry and he made it his mission to help those who had a good idea but needed financial backing. He was widely known as "Ten Percent Ted" for his penchant to stake 10% of a land or drilling deal, which usually motivated others to come into the deal as well.