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Details - Information last confirmed on September 3, 2020
PATTON OIL UNIT API #35-111-00754 (OCC
FILED) An Okmulgee County, Oklahoma Oilfield
Considering 350,000 Barrels of Oil during the life of the well and an average oil
price of $50 per barrel, the result would be an estimated $6,174,000 to the 49%
participant(s). Or; 7.35:1 or 735% Cash on Cash or; or better than 10 to 1 with tax
advantages (while considering tax advantages under IRC 263-C)
An average of 120 BOPD, using $50 per barrel of oil, the 49% Participant(s) would
net approximately $63,504 monthly, Or $762,048 (88%) annually. (Less Royalty
20%, Production Tax with Estimated Preparation 5%, & Estimated Operating
Offering: 49% Ownership Interest for $840,000 Seven (7) Unit Shares
Available @ $120,000 = 7% Working Interest (an 80% NRI Lease)
A THREE (3) WELL
(#2 WELL DRILLED AND TESTED AUGUST 2019) (#1 WELL WILL BE DEEPENED
APPROXIMATELY 1,000 & #3 LOCATION IS BEING CONTRUCTED)A Maximum of $840,000 purchasing 49% of the well is available
for participation. The Royalty to the mineral owner and professional
consideration is 20%, making this an 80% Net Revenue Interest Project (49%
Working Interest, equal to 39.2% Net Revenue Interest).
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