The first oil and gas project to be put up for crowdfunding under Texas' new regulation has been successfully funded, according to Houston-based Crudefunders LLC, an energy-focused crowdfunding site. The $950,000 well project in Ozona, Texas, was a relatively safe project to start as Crudefunders' inaugural fund, said David Taylor, CEO of Crudefunders. It was a reworking project, meaning the wells had already been active at one point. About 30 investors tapped into the well project, he said. They...
