I am working with Progas Energy Services in the development of a shallow (under 4400’) super stacked Frio / Miocene field (9 to 15 zones per well drilled thus far tested oil and gas- very unusual for these depths). From the wells drilled, cored (over 100 cores per well) tested and re-entered thus far and mapping of these wells with those older wells surrounding us and previously drilled by deceased prior operators, it looks to be a sizable field of several thousand acres ( also very unusual for shallow Frio or Miocene) 15 to 20 million bbls of reserves. Obviously with so many stacked zones, the projected reserves are extremely high in each well drilled or re-entered. These wells should pay out pretty quickly and offer very high returns on investment.
The Operating partners and associates are a small group of industry professionals with over 150 years combined experience and tens of thousands of wells under their belt.
We have several wells we intend to re-enter, workover or recently drilled wells to complete and intend to start drilling again (have drilled 4 wells proving up miles of the field thus far) in the near future.
We are a small tight knit group of industry professionals looking for other industry partners or qualified experienced oil and gas investment types who are seeking such an opportunity. If this interests you, I would be happy to speak with you.
We're sorry, this listing has been canceled.
Here are some similar listings that are still active:
Single gas well in Runnels County currently producing 11 MCF per day.Working Interest Available for Drilling Prospect
This is a Tom Green County Drilling project at 1/3 for a ¼ carry to the casing point only. At time of completion everyone is heads up with 100% working interest pays for 100% cost. This project has a 77% Net Revenue Interest returned to the working interest partners. 485.658 Acres primary acreage with 8 to 12 locations potential and additional acreage...Leon County Production Sale
Leon County Texas Vertical well for sale. Well has a 36 month daily production average of 1.91 barrels and 23.475 mcf. I have all payment records from the point that I took ownership in the well. All equipment is in good condition and working order. Pictures of the equipment or a tour of the site is available.2-3 BOPD Pecos County Will Take Partial Trade
2-3 BOPD of shallow production in a very proven oil field in Pecos County Texas which is in the Permian Basin. We are looking to sell 2 wells producing a combined 2-3 BOPD with very little water, which is economical to haul. These wells are shallow at 1500+- TVD. There is one pay zone behind pipe that could completed and the return of which can be...Infill Oil Drilling Prospect
The Prospect: TBMF Well # 1. Dated: 03-08-2014. 55 Units / $6,000.00 per Unit. Minimum Investment – Five Units or $30,000.00 HERO Aggregate Proceeds of $330,000.00 H.E.R. OPERATING, LLC (“HERO” or “The Company”) is a Texas Limited Liability Company established in 2011. HERO was created for the specific purpose of investing in, developing, producing...
Or browse listings in the following categories: