Looking for Oil and Gas Investors for new wells in PA
Minimum Invest Amount $100,000.00
Looking to drill 15-20 shallow vertical oil wells (2200’) in Northwest PA
Producer owns 100 percent of the rights of this historic oil field. The field consists of 5,500 contiguous acres. There are approximately 140 active oil wells on primary production.
The age of the wells range from the turn of the 20th century to current. We are currently completing 9 new wells.
The wells are 2200’ deep on average. The primary producing sand is the Bradford 3rd. It ranges from 15 to 40 feet in thickness. Recently we started fracing behind pipe. By doing a cased hole frac vs. the traditional open hole frac we have proved that the Bradford 3rd in our area does frac vertically with favorable results.
There is a great opportunity of drilling a horizontal oil well on the lease. We need to continue with our vertical program to perfect the casehole fracing in the ar…