Independent oil&gal explor. & Prod. Co. Seeking a
Seasoned partner for $70+ Mil. (depend. on growth) Utica shale) ØOVerview of assets underlying this project:
a. Options for Numerous 800+ Acre Pads in Utica Shale.
b. Medium Size Oil Rig (1,000 HP; Rated to 14,000; see picture.)
c. Location: Near other operating wells in one of the ” Sweet Spots” of the Utica Shale play in OH, PA & WV.
Ø 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 lack of likely immediate access to pipelines. These are the Key Elements of the Value Generation Model:
o 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.)
o Under the above approach medium size acreage fields of less than 1,000 acres will be optimal (please see icon of Pad configuration on left.)
o The Company will afford to give more favorable contracts to its landowners 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.
