Usedc 2016 Drilling Fund Form D
The New York-based Usedc 2016 Drilling Fund Lp released FormD about $100.00 million offering. The date of first sale was 2016-11-16. The Limited Partnership raised $40,000 so far. That is 0.04% of the $100.00 million private offering. The total offering amount was $100.00 million. The form was filed on 2016-11-28. Usedc 2016 Drilling Fund Lp’s clarification was: Dealer-Manager Fee – 2%; Sales Commission – 7%; Due Diligence Fee – 0.5%; Marketing Fee – 0.5%.. The offering has $99.96 million left to be raised and is still open.
Usedc 2016 Drilling Fund is based in New York. The company’s business is Oil and Gas. The form D was filed by Douglas K Walch President of Managing General Partner. The company was incorporated in 2016. The filler’s address is: 2350 North Forest Road, Getzville, Ny, New York, 14068. U.S. Energy Development Corporation is the related person in the form and it has address: 2350 North Forest Road, Getzville, Ny, New York, 14068. Link to Usedc 2016 Drilling Fund Filing: 000168133716000020.
Analysis of Usedc 2016 Drilling Fund Offering
On average, startups in the Oil and Gas sector, sell 13.77% pooled investment fund interests. Usedc 2016 Drilling Fund sold 0.04% of the offering. The average offering size is $227,000 for companies in the Oil and Gas industry sector. The total amount raised is 82.38% smaller than the average for companies in the Oil and Gas sector.
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