"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. New horizontal wells are now exceeding our production models.
Newly recorded well production with the Texas Railroad Commission shows 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 more
Over 600 wells...
Exxon/Cogdell Field/Kent County, Texas
Texaco/Howard Field/Scurry & Garza Counties, Texas
Anadarko/Sharron Ridge Field/Scurry County, Texas
UPRC/Green River Formation/Green River, Wyoming
Sun Oil Company Howard County Acquisitions, Texas
Bridwell Oil Company/Eastern Shelf Properties, Texas
Retamco/Penn. Play/Nolan & Fisher Counties, Texas
Foree Oil Company/Penn. Play/Runnels, Nolan & Fisher Counties Texas
Encon Services City Services/Eastern Shelf, Texas
Rhodes Drilling/Grissom Field & Griffin Ranch/Haskell & Taylor Counties Texas
Polk & Patton/Eastern Shelf Prospects, Texas
Elco Oil & Gas/Pecan Station Field/Tom Green County, Texas
3-M Energy Permian Basin Projects. Martin, Reagan, Irion Counties, Texas
Barlow & Haun/Wyoming Projects/Green River County, Wyoming
Gillespie Exploration/Canyon Sand Development/Jones County, Texas
EC Tool & Supply/Holley Ellenberger & Strawn Sand Field/Nolan & Fisher County, Texas
Spalding Energy/San Andres/Scurry County, Texas
Allegro Operating/Eastern Shelf Operations & Acquisitions, Texas
Contour Oil & Gas/Penn.Projects/Callahan & Runnels Counties, Texas
Henley Oil & Gas/Palo Pinto Study, Eastern Shelf, Texas
Mel Richards Oil/Ellenberger Study/Nolan & Fisher Counties, Texas
Harken Oil & Gas/Eastern Shelf/Texas
Le Clair Operating/Penn Study/Runnels County, Texas
Solar Exploration/Griffen Ranch Project/ Taylor & Coleman Counties, Texas
J&J Services/Penn Study/Runnels, Concho, Tom Green, Menard, Irion & Schleicher Counties, Texas
Mid-Energy/Williams Ranch Study/ Schleicher & Irion Counties, Texas
Capstone Innovations/Wolfcamp & Canyon Sand Play/Schleicher County, Texas
JD Oil & Gas/Hatchell Field Development/ Runnels County, Texas
Pearson Siebert/Iatan East Howard Field Area/Howard County, Texas
Paul Barwis/Geophysical Projects/ Schleicher County, Texas
Clearfork Operating/Red Cave Gas Project/Baca County, Colorado
Ray Moss & Elizabeth Halliburton/Mineral Appraisal, Revenue in Suspense Retrieval, Oklahoma & Texas
Primary Developmental Acreage
Using primary developmental acreage is a great way to diversify your portfolio. These are direct participation drilling programs. 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 when lease and assets are sold to a new buyer. The divestiture price is 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 of EPI Abilene and our WI Partner.
Bill Pye: Created 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.