High prices and deal activity contribute to record year of 1031 Like-kind Exchanges

High and relatively stable oil prices have presented investors with a reasonable price point for deal making, resulting in large gains, and a plethora of 1031 like-kind exchange opportunities, said Mark Nierenberg, vice president of Midland-based Petroleum Strategies, Inc. The company is a 1031 Qualified Intermediary and the founding sponsor of the 18th annual Executive Oil Conference, to be held April 2-3 at the Midland Center. The conference theme is “Navigating the Hurdles” and Petroleum Strategies has put together the speakers’ program that includes Laredo’s President Jerry Schuyler, Pioneer’s CEO Scott Sheffield, and Congressman Joe Barton of the 6th District.