Aug 17, 2018 — - Seeking equity partner to develop a commercial salt water disposal facility in the core of the STACK.
- Permit has already been issued for a 20,000 bswpd commercial facility, and there is an accompanying engineering study on its viability.
- 31 Rigs and 215 Drilling Permits are within 15 miles of location.
- Will provide 6,000 barrels of salt water per day to make the facility immediately profitable. Break-even is 2,500 barrels per day. Turnaround to revenue within 90 days.
- Can provide up to 480 acres owned, not leased, in core, Tier 1, STACK.
- Will professionally manage the facility, and provide satellite link for real-time data.
- There is considerable "blue sky" beyond this starting point, if you wish to participate in further development. A total of 10 SWD wells can be put into service on this, and nearby, properties. Also, we can build a mud disposal facility, which would be a first for the area. Currently, trucks are having to drive 1 1/2 hours to dispose of mud.
- Appx. 30 minutes west of Oklahoma City, the STACK is one of the hottest oil plays in the USA. Wellhead returns rival the Permian/Delaware, and production costs are low. Like the Permian/Delaware, work continued unabated in the STACK during the oil price downturn.
- Major operators in the area include BP, Continental, Devon, and Newfield.
- With new completion techniques, EURs are now 1.5 - 2 Million BOE.
- STACK wells have a typical 3:1 water-to-oil ratio.
- Total water production over the life of an average well (30 years) would be 4.5-6 Million barrels of water.
- Area is under-supplied for SWD. Trucks can line up for as long as 2 hours on some days, appx. a half hour on average, to dispose.
- Seeking an equity partner for $2.5 Million. Owner provides guaranteed 6,000 barrels of salt water per day for immediate profitability (already under contract - can provide MSAs upon request), acreage, and will develop and operate the facility in return for a negotiable ongoing interest.
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