Our packet is a proposal of a well prospect that include the county of record, the API well identification number assigned by the American Petroleum Institute, the well’s current logs, performance on pay based off of different prices and commodities along with overhead expenses, and lease operating expenses. It will also include the formation estimates of surrounding wells in the area, and risk analysis.
Our legel defense team at Stanfield and Dupree are recognized real estate attorneys of The Woodlands, Texas, that have all the documentation to be as transparent as possible with our investors involved with us, as well as strictly written and enforced contracts to ensure both parties’ protection.
Rise Petroleum was presented with the opportunity to purchase equitable interest in an existing natural gas well that was already producing. We surveyed the well, reviewed the cash flow potential, performed a risk evaluation, and then made the decision to invest capital into the well, yielding us larger returns.
For the past several years, the oil and gas industry has inflated the market due to overproduction and hyper-investment. After oil and gas lenders took a massive loss after realizing too much money was being dumped, they shut the doors to lending to individual operators. This presented an opportunity for private capital investors, like Rise Petroleum.