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:
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...Non Invasive Oil Increase/Best Offer
Environmental Friendly. Alternative Green Energy. No Chemicals. DOE Approved. Simple seismic tool. Statewide agreement for over 50 Texas Counties. Marginal, stripper, low producing, water flood, old, new. License or Patent available. Non-invasive simple technology. • Increased daily oil production rate; results have ranged from 20% - 35% • Seismic...Duffer Gas Well Partner
Very good gas well looking for a 1/3 partner, also included is another well that will also produce good gas with oil after a small rework. This well is located in Eastland County. 25% Net. Revenue with 34% Working Interest. Will be paid directly from the Gas and Oil companies. Makes 60 mcf daily with 2 barrels of oil. Low maintenance, steady production...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...Investors Needed \ Drill Shallow Waterflood
Looking to start shallow oil company, lease 120 acres-shallow depth only, drill 5 well spots to 579'Gunsight oil sand. Waterflood is key to success. There are 3 cased holes already on lease, so can use one for a supply well. Engineering work states zone should be charged up from old waterflood, zone covers most if not all of acreage. This area has...
Or browse listings in the following categories: