News Update
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:
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Click the images to get more information from Synergy Oil!
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.
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