"Protecting the country’s natural resources – especially water, is only a matter of best practices, rigorous regulatory enforcement and common sense leadership.”
HORIZONTAL OIL & GAS WELLS
The time is now - a
sense of urgency is in the developmental plays of The West Texas Permian Basin.
Recently recorded well production
with the Texas Railroad Commission shows more than five times our original production models:
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Well #1: 936 BOPD + 690 MCFGPD
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Well #2: 697 BOPD + 596 MCFGPD
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Well #3: 468 BOPD + 570 MCFGPD
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Well #4: 556 BOPD + 600 MCFGPD
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Well #5: 457 BOPD + 596 MCFGPD
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and dozens more.
Over 600 wells...
over 41 years
Primary Developmental Acreage
Using primary developmental acreage in direct participation drilling programs is a great way to diversify your portfolio. Direct drilling offers a share in 100% of the profits sent directly every month to you. Whether as an individual, dual partnership, private, or public trust fund there's a working interest program for you - with an exit strategy. After two years lease and assets are sold to a new buyer. The divestiture price is then approximated to be five years of cash flow (the net monthly cash flow at the time of divestiture) times 60 months plus the value of the additional PUD locations.
Tax Benefits
Drilling and Completion, depreciation, depletion allowances and the lease can be expensed from any revenue during the first year. Talk with your oil and gas accountant regarding your special tax situation.
Curricula Vitae
David Vletas: BS Geology - Has over 41 years in the West Texas Permian Basin as a roughneck, operator and geologist. A graduate of the Colorado School of Mines and University of Texas in Austin, CEO/Eagle Production Inc. of Abilene TX and our WI Partner.
Bill Pye, Creator, Founded OilStrata in 2010; prior a West Texas Permian Basin lease holder, Geophysics major at The University of Hawaii Mānoa (UHM), Pratt Institute Industrial Design, New York; US Army OCS & served as company commander.