David Shields
Purcell, OK (USA)
Role(s):
Associate/Staff
DAS Energy
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Startup
Location:
Purcell
Industry:
Energy
Year Founded:
2006
Number Employees:
1-10 people
Description:
I am a one man company that has developed relationships with others in the Oil and Gas industry. Currently I have two projects that I am needing to fund. They are both around the Tulsa area. The first is a natural gas coal seam development that I have already drilled 3 test wells on to determine the zones and potential income that we have. My plan is to drill in 5 well packages. The return looks to be around 36 months. These first three wells were funded by myself and a handful of investors. The initial investors have first right of refusal but looks as if we will have some left over due to stock market/economy troubles.
The second is an oil play northeast of Tulsa. I recently purchased the lease and am currently in the process of putting together a 5 well project. Four oil wells and 1 injector well. This area has shown to be producing between 25-100 barrells of oil per day and it has natural gas. The pipeline is in place for oil and we are working on getting the natural gas line laid in the near future. We have plans to capture the natural gas and convert into electricity to sell to PSO in the meantime. I would be very interested in drilling this project with one or two investors at cost for a 20% carry in the wells. I have run the numbers many ways and we could be looking at a return on money in as little as 6 months. I am interested only in accredited investors that understand the risk of oil and gas and know that there is a possibility of losing all monies invested.
I would be happy to met in Tulsa and show you both sites. If you would like to discuss this further, please contact me at [<a href="(URL removed)">send me a message</a>].