With our latest Ewell Lease acquisition finalized, we can start producing an additional forty-five to sixty barrels of oil immediately. The electricity has been turned on and we are working on the lease. This should bring and additional $615,000 to $820,000 annually after operating expenses, taxes, and land royalties. This is just a rough estimate, actual profit margins vary based on price of oil and other factors, and ultimately, revenue is directly correlated to production.
Our new lease, the Ewell Lease, is located in Okmulgee County, Oklahoma, and is approximately 880 acres. It has ten producing wells, as well and an injection well, and the wells currently on the lease have an excellent production track record.
We have some new pictures from our latest site visit:
Synergy Oil, LLC. is always looking for new acquisions in our commitment to excellence that will give our investors the best investment opportunities with the greatest returns.
News Update: New lease acquisition in Okmulgee, Oklahoma has been finalized. Original Link: Oil Drilling Project Deadline
This land has at lease 9 wells that are either operational already, or will be pumping oil shortly with a minimal cost. Continued funding will, of course, allow us to get these operational more quickly, as well as check out new sites on the lease that we have surveyed to get the best possible results from this opportunity.
This is speculative, and should be not be considered an assurance of production or distributions, but we expect that this lease alone should give us back a strong ROI on this lease, which is indeed a very strong addition to the Synergy Oil, LLC. program.
This new addition to the project is indeed a very strong asset to the Synergy Oil, LLC. fund.
More information on this, including geological reports, past performance, and more are available to prospective investors only for the time being. If you would like to speak to someone with Synergy Oil, LLC., you may use the Contact Us form, or by calling our Toll-Free 888 number listed on our Home Page
We are putting oil in the tanks now in Oklahoma, and it’s increasing…from the Doneghy lease.
The Craig lease will have 10 producers, including five new wells we are funding to complete now. Adding the Doneghy, Craig, and the new lease we have in the works, combined production will give us a 77% net return, at $83 dollar oil, or great cash flow, and a return of capital to investors in about 10 months. Synergy Oil, LLC. is in a great position to take advantage of where we are now, and to get the fastest return of capital; the faster we raise money, the better position we will be able to take. Detailed information on our newest lease is restricted to prospective investors. You may Contact Synergy Oil, LLC. to be considered for inclusion on this venture.
The IKO will make money, and more when we drill the horizontal well, which is more expensive at about 4.2 million.
The Ewell lease is in Oklahoma, and is included in the Champion Oil & Gas, LLC. There are ten wells on the Ewell leases, and these ten producers have made a couple of million dollars in the past few years. We purchased & closed the Ewell lease on October 6th. and bought it at a ’sheriff’s sale’…we believe we can establish a good deal more oil production on this lucrative lease.
We’ve been positioning for the higher prices, and they’re here…we worked hard to acquire our leases, and build infra-structure, and we’re going to get our share of the oil & gas production from our leases. The best part of the deal, is we’re going to be able to sell at much higher prices than a year, or so ago. This makes our investors 2-3 times more money at the higher prices. Patience works!
