TEXAS Oil Wells - Working Interest

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Product Description
Total of six Oil Wells left in Jack County Texas With a total of 67% working interest available to purchase one well with 10% left
Product Feature
An independent energy company based in Fort Worth, Texas, is scheduled to drill its third horizontal well (the Bright 1H) Southlake's first horizontal well (the Birdwell 1H) drilled in 2011 tested at over 600 barrels of oil per day and over 850,000 cubic feet of natural gas per day. The Company plans to re-complete the first well in June 2012, when it will seal off some of the original perforations in the horizontal section of the well and shoot some new perforations in the horizontal section of the well. Upon finishing the re-completion of the first well, Southlake anticipates producing the well at 300 to 400 barrels of oil equivalent ("BOE") per day. The horizontal wells drilled into the Marble Falls formation are expected to produce hydrocarbons for 12 to 15 years with an anticipated annual decline curve of 6% to 7%. The company's second well entered the final phase of its completion on May 28, 2012 and is on-line and selling oil and gas in the second week of June 2012. Southlake expects the 2nd well (the Birdwell 2H) to produce 300 to 400 BOE per day. After the completion of the Birdwell 2H and the re-completion of the Birdwell 1H, Southlake will have its contract driller deliver the drilling rig to the site and begin drilling the Bright 1H horizontal well. The Birdwell 2H and the Bright 1H well's vertical sections are 90 feet apart on the same drilling pad and their horizontal sections will travel in opposite directions. Southlake shot 4.5 square miles of 3-D Seisimc on the leases it controls in Jack and Young Counties, Texas (the leases consist of 1,067 contiguous acres). Southlake has also run two full suites of well logs on the Birdwell 1H and the Birdwell 2H, thus the Company has gathered significant science on the lease where the Bright 1H (an offset to the Birdwell 2H) will be drilled.
Product Specification / Models
The following scenarios are calculated based on 28 Production days a month. All royalties, monthly operating expenses, state production or severance taxes and PROFESSIONAL SERVICE FEES have been subtracted from gross monthly income to arrive at the return to investors shown below. Scenario 1: 300 BOE per day at $80 oil is estimated to provide an annual net income to owners of 1% working interest of $53,928 or an annual income of $1,898,265 to the investor who purchases the remaining 40% working interest in the Bright 1H well. Scenario 2: 200 BOE per day at $100 oil is estimated to provide an annual net income to owners of 1% working interest of $56,929 or an annual income of $2,003,900 to the investor who purchases the remaining 40% working interest in the Bright 1H well. In considering an investment into the Bright 1H well, the Company wants any potential investors to understand that production levels may range anywhere from 150 BOE per day to 600 BOE per day. Also, each investor must realize that the price of oil and natural gas is a volatile number and is prone to significant increases and decreases.
Application / Models
A tour of the site is possible. Pictures are also available with sincere inquiries.
Other Information
Please contact me using my email: robin@globalgreendevelopment.us
We Sell Oil/Jet Fuel products from different connections by barrels, to gallons, as well as offer to assist in import, export, trading/commerce for products around Real Estate, Oil/Fuels, Oil Rigs, Tankers/Trailers, Commodities, etc.

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Contact Person: Robin A. Ware
Telephone: 1-832-7133224
Location: Texas, United States
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