Now could be the right time for the aggressive entrepreneur to pursue an oil and gas start-up, and the firm’s Michael K. Hurst says there is a solid core of industry sources prepared to make smart moves in the current market.

“I think you’ve got – at this point in time – a lot more people that know what they’re doing, as opposed to people that just say, ‘Hey, oil prices are high, I want to get into the business,’” he says in a recent interview with Rigzone.

Michael K. Hurst also notes the importance for entrepreneurs to engage with someone who understands the rules and regulations that dictate how things are done in oil and gas.

“I think it’s also important to find a mentor – somebody that doesn’t work for you or with you that you can call upon and get good, sound advice. I’ve seen some of my entrepreneurial clients be very successful just by having the right mentors.”

Read the entire article, “So You Want To Start Your Own Oil Company,” here.