The main specialization of the company is exploration and production are feasible in rugged terrains of the US. The company is looking for an independent oil and gas firm or other experienced partner to develop the 65 million Utica shale project.
The main feature of this structure is the ability to explore and produce in rough terrain in the western, southwestern and northwestern regions of the United States. Assets are:
- 800 acre drilling pad;
- 750 acre drilling pad within the sweet spot of the utica shale;
- medium size oil rig (1,000 hp; rated to 14,000)
The company has a competitive business value generation model. Leased on-site mobile cryogenic units will yield value added products that remain economic even without immediate access to pipelines. This model was created and developed in order to ensure that the company’s resources meet the required standards, create a competitive cost, find the optimal way of horizontal exploration (limited to horizontal penetration from 4 to 6 thousand feet, reducing the risks of lateral penetration) and organize the management of immediate access to pipelines.
The key elements of the model are mobile cryogenic plants, which are rented locally and designed to produce value-added products. With this approach, fields with an average area of less than 1,000 acres will be most optimal.
The company allows concluding contracts that are more profitable with landowners because we are talking about products with higher benefit. This firm has many loyal clients, including large landowners and oil workers. Thanks to this, the company has access to the necessary areas in order to obtain ducks and marcellas.
Professional and experienced team. The company employs a team with over 200 years of experience in the field of oil and gas production and exploration. They are all independent contractors. The list of key members of the company includes the founder or owner, location and construction manager, chief geologist, chief petroleum engineer, safety manager, controller, logistics manager, outsourced consultants and a few others.
All confidential information regarding the business will be provided to a potential buyer only after signing a confidentiality agreement and obtaining approval from the seller.
For more information, please contact us.
Property: rented.
The terms on which the lease is concluded: the right to conventional exploration of subsoil.
The right to traditional exploration.
Location: Gas and oilfields in Monroe County.
Area in sq. ft.: 2 drilling sites with an area of about 1550 ares.
Two drilling sites about 1550 ares.
Established: 30+
Opportunity to receive support and training: the team that already works in the company will train the new owner.
