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:
New Oil Company seeking investors to invest in and lease 120 acres-shallow depth only, drill 5 well spots to 579'Gunsight oil sand. Waterflood is key to success. Engineering work states zone should be charged up from old waterflood, zone covers most if not all of acreage. This area has been an important Gunsight Sand pool since discovered in 1930's....42 Oil Well Development Recovery Program For Sale
42 Oil Well Development Recovery Rework Program Near Permian Basin, Texas For Sale For $750,000. Seller describes this as a "Once in a Lifetime Opportunity". This is a chance to purchase a complete Recovery/Nitrogen Enhanced program. 500 acres with 42 wells and can also add 50+ more wells. Decline rate only 3.56% per year. Depth of the wells in Tannehill...Oil and Gas Working Interest Partner
Working Interest Partnership offered, private offering not over valued. We are in Texas we focus on field developmental drilling in proven oil and gas fields and existing oil and gas production. Our industry level access enables the investor to obtain a stronger more secure position while targeting very high returns. We have multi well projects going...Commercial SWD-Dawson/lynn Co, Tx-Need Partners
We are looking for financial partners and SWD educated partners for a Commercial SWD that we are getting ready to equip on the Dawson/Lynn County, Texas line. The well is already drilled and cased to 10K feet. We are needing the funds to equip the well and to market the well. We are in the process of permitting this well with the Texas RRC. Please...Texas Oil Reserve $900k*
Texas Oil Reserve $900k*. 100% working interest.. estimated 30-40 BOPD*. $900,000 initial cash payment*. Initial cash payment creates estimated* 4 wells drilled and completed, also initial cash payment goes toward down payment of total purchase of the land, minerals, and wells. Location Houston, Harris County Texas
Or browse listings in the following categories: