Current Opportunities
Take a look at our Active Projects and Opportunities. For More Details, Pricing, Geological Write-Ups and Information, Contact Our Team.
CH12 Prospect, Gillis English Bayou Field, Calcasieu Parish, Louisiana
Development Well, New Drill, Land Location
OBJECTIVE:
CIB HAZ 12 Sand (9,600 Feet MD; 8,796 Feet TVD), Non-Pressured.
ESTIMATED RATE:
150 BOPD; 300 MCFGPD
TIMING:
Q3, 2024
RESERVES:
332,580 BO; 780 MMCFG
PROJECT OPERATOR:
Shelf Energy, LLC
AFE Costs:
Drilling: $1,601,600
Completion *$954,725*
$2,556,325*
Land, Lease, Title: $90,000
Seismic $80,000
Prospect Fee $120,000
*$2,846,325*
DEAL TERMS
10% Carry through Completion and Facility Hook Ups
(Production); 15% Back-In after Payout. Additional Development Drilling will be performed on a Heads Up Basis.
Payout to Investors:
- 12.6 Months: (57,322 BO)
- Profit to Risk: 7 to 1
- Return on Investment: 5 to 1
Contact Us
The “Bubba Bear” Prospect, Jeanerette Field (Jeanerette Salt Dome), St Mary Parish, Louisiana
Sold 50% W.I.
Available 50% W.I.
The proposed 2800’ well will recover oil reserves higher on structure above a 1954 vintage well completion in the center of prolific Jeanerette Field (Cum 45 MMBO + 450 BCF). That completion produced ~48 MBO from 30’ of oil on water within a 50’ clean sand. Inhouse 3D seismic data shot forty years later displays a prominent seismic amplitude anomaly updip to the depleted oil completion, and indicates 140,000 barrels of oil remaining undrained.
OBJECTIVE
2700’ Sand
TIMING
Q3/2024
ESTIMATED RATE
75 BOPD
PROJECT OPERATOR
Shelf Energy LLC
AFE Costs
Drilling Cost: $580,250
Prospecting Fee $120,000
Total Dry Hole Costs: $700,250
Completion Costs: $459,400
Total Drill and Complete Costs: $1,159,650
1% - Dry Hole Costs: $7,002.50
1% Completion Costs: $4,594
1% Total Drill and Complete: $11,596.50
ADDITIONAL DETAILS
Well Depth - 2,800’ MD/TVD
Trap – Stratigraphic
Surface Terrain – Abandoned sugar cane field
Road access – Yes
SWD Well – Multiple options