Oil & Gas Exploration Company in the “Sweet Spot” of the Utica Shale

Price: $39,000,000

Location: Ohio

Industry: Oil and Gas Exploration and Production

Listing ID: OilGasEXPL

INDEPENDENT OIL EXPLORATION & PRODUCTION CO. SEEKING SEASONED PARTNER(S) FOR $39 Mil. UTICA SHALE PROJECT

  • Overview of Assets Underlying This Project:    
    a.450-Acre Pad along with Contingent Back-Up Drilling Pad.b.Medium Size Oil Rig (1,000 HP; Rated to 14,000; see picture.)

    c.LOCATION: Near other operating wells in one of the ” Sweet Spots” of the Utica Shale play (let alone all mineral rights.)

    Competitive Business Value Generation Model: Designed to fit the medium level resources of this Independent Oil Company aiming to use optimum horizontal exploration ( limiting it to 4K to 6K feet lower risk penetration) and manage lack of likely immediate access to pipelines. These are the Key Elements of the Value Generation Model:

  1. Leased on-site mobile cryogenic units will yield value added products that remain economic even without immediate access to pipelines (will use instead transportation via trucking and barges transportation.)
  2. Under the above approach medium size acreage fields of less than 1,000 acres will be optimal (please see icon of Pad configuration on left.)
  3. The Company will afford to give more favorable contracts to its land-owners driven by the more value added products. This company has a devoted following of Landowners and fellow Oilmen and enables it to have access to desirable Utica and Marcellus acreage.
  • Core Management Team Subject to Change as Growth Occurs:

A team with 200+ years of collective Oil Exploration and Production (including horizontal drilling in western territories), They have equity incentives in the Company and they are now independent contractors.

Functional Responsibilities of Key Members: Founder/Owner, Location & Construction Manager; Chief Petroleum Engineer & Completion Manager, Chief Geologist; Director CNG/LNG Conversions, Safety Manager/Rig Interviewer, Comptroller, Office Manager, BSB Partners, Directional Drilling Superintendent, Logistics and Safety Manager, Retained Outside Advisors (Accounting, Legal, Payroll and other as it might be appropriate.)

  • Next Steps if Interested: Please submit your Confidentiality Agreement and Buyer Profile and once approved by client we will submit to you Confidential information and arrange meetings/conferences.
  • DISCLAIMER: THIS DOCUMENT IS NOT TO BE CONSTRUED AS A TERM SHEET OR ANY OTHER KIND OF OFFERING DOCUMENT. IT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE AN SECURITY OR INVEST IN ANY PRIVATE PLACEMENT. ALL INFORMATION CONTAINED HEREIN HAS BEEN PROVIDED BY COMPANY MANAGEMENT. NONE OF THIS INFORMATION HAS BEEN INDEPENDENTLY INVESTIGATED OR VERIFIED. THERE IS NO REPRESENTATION OR WARRANTY AS TO ITS COMPLETENESS OR ACCURACY, IT IS SUBJECT TO CHANGE OR WITHDRAWAL WITHOUT NOTICE, AND MAY CONTAIN ERRORS. ALL PROSPECTIVE PARTIES TO A TRANSACTION SHOULD RELY UPON THEIR OWN VERIFICATION AND THE ADVICE OF THEIR REPRESENTATIVE (PROPERLY LICENSED) LEGAL, TAX, AND INVESTMENT PROFESSIONAL ADVISORS.
  • NOTE: Financial information will be presented to interested parties after they submit their Confidentiality Agreement and Buyer Profile to Business Broker.
  • For More Information please contact: Elias E. Ladon, Investment Banking Representative, Enterprise Development Resources, Inc. ADDRESS: 3659 Green Road, Suite 100, Cleveland, OH 44122; elias.ladon@EnterpriseDR.com; 216-295-1136 (m); 216-803-0107 (f)

Listing Details

Reason For Sale:

Founder of the firms wishes to Oil and Gas Exploration on acreage of the company and produce Oil and Gas and derivative products. The property in located in the Sweet Spot of the Utica Shale.

Training & Support:

The company has well experienced employees in Oil and Gas Exploration and Production. They could provide all the training needed.

Operation

Employees: Has

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