Colby Record
HOUSTON, TX (USA)
Role(s):
Founder/Owner/Principal
JCCR Resources LLC
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Startup
Location:
Houston
Industry:
Energy
Year Founded:
2020
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
JCCR Resources, LLC (JCCR) is a startup opportunity created to invest in the purchase of existing oil and gas wells that contain additional potential in intervals other than the currently producing interval. The
process required will involve the identification of assets that contain such opportunities,
acquisition of these assets and execution of the operations required to realize the profitability of
the upside potential in these assets.
This approach is different than typical oil and gas “drilling deals” in that significantly less capital
is required for the necessary operations and the probability of success in any given operation is
significantly higher than in typically marketed drilling deals for the following reasons:
1. The well is already drilled, and the mechanical risk of drilling is eliminated along with the
cost of drilling the well.
2. The potential production intervals have been penetrated and can be evaluated- we can
accurately estimate the potential of the interval rather than assuming or inferring from
offset wells and/or geologic interpretations.
JCCR currently has $40MM in debt financing conditionally committed, dependent on our raising an
additional $10MM. We offer to take on the 20% investor in the form of a loan, an equity partner, or a mix of both. We are open to all offers and deal designs
Our Principals have over 40+ years of combined O&G exploration and development experience with independent, midcap, and major operators.