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.
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