22
Jun
Posted in Investing, News by admin |
June 9th-12th: At the Pasadena Exposition & Trade center, Synergy Oil, LLC presented before hundreds of investors along with the operator, and Dennis Stutes, CEO of Cutting Edge Oil & Gas Technologies.
At the trade show, President Tony Pistilli along with Vice President Robert Falco, presented updates, showcased the program, and got to meet one-on-one with serious accredited investors to discuss a life changing opportunity.
3
Jun
Posted in Drilling, News, Synergy by Synergy |
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.
5
Nov
Posted in Drilling, News by Synergy |
Updates on our Craig County, Oklahoma Lease
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!
21
Aug
Posted in Investing, News by Dennis |
We drilled the Coats #10 on the IKO program today and hit 14 ft. of good Arbuckle. We will be logging the #10 later today and moving the rig to the next location. Depends on the ground which direction we head next. They had a lot of rain yesterday so we have to watch the mud. I will let you know over the weekend where we are drilling and what we find.
21
Aug
Posted in News, Photos, Synergy by Synergy |
The well being drilled in those pictures is the Coats #9 our water disposal well. The surface casing being set is the coats #8. The #8 is being drilled down today. Both these wells are around 750 ft, These wells are both in Craig county.
