Our oil & gas holdings are a key part of our strategy to generate strong, consistent cash flow. We focus on acquiring interests in proven fields where modern recovery techniques can unlock significant value with predictable returns.
Click on image to zoom
Craig County, Oklahoma Project
We hold a 100% Working Interest and a 100% Net Revenue Interest in a five-well project in this established Oklahoma field. We are currently reworking a water injection well for re-permitting, a key step to bringing the field back online. Once operational, we project this asset will produce 10-12 barrels of oil per day.
Crockett County, Texas (Permian Basin) Project
We have a letter of intent to acquire a 30% Working Interest in a major waterflood project in the prolific Permian Basin. This large, 2,400-acre unit in West Texas contains 90 existing wells drilled into the Grayburg formation and holds substantial proven reserves. In partnership with two other experienced operators, we will install and operate a waterflood system to recover a significant portion of these reserves, representing a major, long-term value creation opportunity.
Seminole, Oklahoma Partnership
We are in discussions to form a joint venture with a 40-year veteran of the Oklahoma oil industry near Seminole. This strategic partnership will give us an interest in numerous existing, productive leases controlled by the operator. Many of these leases also present future opportunities for implementing waterflood operations to unlock significant additional oil reserves.
