Oil & Gas Expl. & Production Co. For Sale in the Utica Shale.
| Asking Price: | $75,000,000 |
| Established Year: | 1982 |
Independent Oil & Gas Exploration & Production FOR SALE in the Utica Shale.
Overview of Available or Needed Assets for this Project:
Options for Numerous 800+ Acre Pads in Utica Shale.
Medium Size Oil Rig (1,000 HP; Rated to 14,000; see picture.)
LOCATION: Near other operating wells in one of the ” Sweet Spots” of the Utica Shale play in OH, PA & WV.
Competitive Business Value Generation Model: Designed to fit the medium-level resources of this Independent Oil Company aiming to use optimum horizontal exploration ( limiting it to 4K to 6K feet lower risk penetration) and manage the lack of likely immediate access to pipelines. These are the Key Elements of the Value Generation Model:
Leased on-site mobile cryogenic units will yield value-added products that remain economic even without immediate access to pipelines (will use instead transportation via trucking, R/R, and/or barges.)
Under the above approach, medium-sized acreage fields of less than 1,000 acres will be optimal (please see the attached flyer for an icon of Pad configuration.)
The Company is expecting to afford to give more favorable contracts to its land-owners driven by the value-added products. This company has a devoted following of Landowners and fellow Oilmen enabling it to have access to desirable Utica and Marcellus acreage not optimal for large operators.
For more information please to attached one-page flyer.
