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:
Very good gas well looking for a 1/3 partner, 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 40 mcf daily with 2 barrels of oil. Low maintenance, steady production with room for improvement. Very solid production with numerous zones up hole, low decline...$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....South Texas Producing Lease With Room for More
21 South Texas shallow wells on over 300 AC -just reworked, cleaned and 5 are now equipped and producing 5 to 6 bpd. All wells have flow lines to tank battery and gun barrel, Brand new innovative pumping system in place on 5 wells that can be controlled on-line from laptop reducing pumper /elect cost. All moving parts are above ground for easy maintenance....Proven Austin Chalk Field in Wilson County
A Resistive Liquid (Seismo-Electric) test has been conducted and we have Located a massive reservoir in the Austin Chalk formation. Wells in the Immediate area (as in yards not miles) have produced Thousands of barrels of oil in recent history. The success in the AC is to hit the sweet spots and we have found them. We are Looking for investors...3 Wells in East Texas Pettit Formation
2 pumping wells, one free flow. Common point for gas. 2 BOPD 60MCFPD recent reworks. All production equip in place. Turnkey.
Or browse listings in the following categories: