The Permian Basin Today
Three miles away in a much thinner net interval, 368 feet from the optimal fracture zone where our lease acreage is located, we closely watched with great interest as the Devon Energy Well was drilled and completed. Nonetheless, 6 years later that well is still producing.
Over three generations of Permian conventional well drilling data was used in evaluating our most productive commercial zones for today's unconventional drilling. Rocks are three times thicker than any other major or independent driller in the area with the existing vertical wells having life spans over 27 years. Logically, acreage prices will not remain this cheap much longer.
Developmental Primary Acreage
Lease interest will be offered with your horizontal well working interest. Lease assignments will be mailed from the county clerk office. The Program qualifies 100% for Passive Income Tax benefits.