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:
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 TexasOil and Gas Working Interest Partner
Working Interest Partnership offered, private offering not over valued.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 on. We are looking...GAS ANYONE ? ...........GREAT WELL...........
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...$235k for 70% NRI of 5 Well Drilling Package
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....Massive Austin Chalk/ Buda Wilson County
A seismic test has been conducted with positive results. Looking for investors for JV on 330 AC lease with permitted SWD and possible re-entry well to hit Massive Austin Chalk and Buda formation. Call for further information.
Or browse listings in the following categories: