We have assembled a team with several professionals and partners to help us quickly develop our existing and some lucrative new leases we own and are acquiring. We have raised the bar to enable us to quickly establish more production while acquiring several new leases with current and substantial production that we can increase.
We have about 5628 acres of producing leases, we have approximately 114 wells or boreholes to check for production or perform development work on to maximize, restore, and/or enhance their production.
Here is a current list of our leases and counties
Okmulgee, OK
Doneghy
This lease is 2100 Acres, and is where we will be drilling the horizontal, 29 reworks, and has production right now. It has an estimated 5 – 10 million bbls of oils in reserves. We consider this to be our prime lease.
Ewell
810 Acres: This well has 10 existing properties, one injection well, and does 50-75 bopd.
Hughes County
Stott’s
200 Acres, on this lease, there are currently 3 producing wells, including Stott’s #7
Payne County
North Skinner
510 Acres,3 producing wells
Osage County
Bartleville Zone
We just purchased 320 acres and plan to drill multiple Bartlesville zone shallow wells when we receive our drilling permits from Osage Indian Nation. Jim Whitcraft is on the board of directors for the Osage Indian Nation.
Wagoner County
Wagoner
We are in the process of purchasing a new 810 Acre; of the Nitrogen Recycling, or computerized, and automatic Nitrogen Pressurized North Stone Bluff Leases. Don Henson is our oil and gas attorney, and is finishing up the legal work, are our oil & gas lease title-work is nearly finished.
Combining all of our production and leases together, we see our goal of reaching a production milestone of a thousand bopd within 12 months. This is very possible and achievable while we are in process of confirming our estimated total recoverable reserves of about 15 million barrels of oil.
With most of our efforts focus on maintaining the Ewell lease and developing the Stotts and North Stone Bluff leases, here is a quick update from the field.
A new well on the Stotts lease started drilling on Friday, April 23rd and is currently at 1000 feet as of 9am this morning.
The Ewell lease is coming back online. The new Gun Barrel tanks and Heater Treater Unit have been delivered and are being installed. Production is expected to resume within 21 days.
The newly acquired North Stone Bluff lease has current production of 20-25 bbls/day of oil and with redevelopment, secondary, and tertiary extraction techniques, these numbers can easily sky-rocket over the coming month’s.
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!
Everywhere, USA- See yourself… trying to make lemonade, but squeezing alone will only yield so much lemon juice, you know there is more, but you can’t get it.
The same thing is going on in the Domestic Oil and Gas Drilling sector all over America.
Most oil wells in the past had typically been plugged up and abandoned after only one-third of the crude oil could be extracted. They would then proceed on to the next well, like discarding a perfectly good lemon. Clearly a weak investment attempt.
New technologies such as Directional Drilling, which includes Horizontal Drilling, enable much more of the crude oil to be extracted. Other new technologies such as 3D Seismic reports that we use, and water flooding (as a secondary, and tertiary extraction method), in other words, a much stronger investment. US News has recently reported new technology called “nano-reporters” which are near microscopic fibers that bore into the ground in the order of millions that are able to “report” the conditions and contents of underground reserves. These are the kinds of technologies that make even the most seasoned operators tingle.
In today’s economy, Oil literally is becoming “Black Gold”, with money to be made on many fronts. At such a crucial time in our history, with the amazing tax advantages that come with Domestic Drilling, it doesn’t make sense to leave such a large amount of the crude oil in the ground; its not a good investment.
