GARY BLYTHE
Hanoverton, OH (USA)
Role(s):
Founder/Owner/Principal
TerryBrooksandStrange.com
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Startup
Location:
Hanoverton
Industry:
Entertainment
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Sole Proprietorship
Description:
The Springs Trust
32282 Wooddale Drive
Hanoverton, Ohio 44423
(Phone # removed)(URL removed)
THE SPRINGS TRUST IS INTERESTED IN SECURING AN EQUITY INVESTOR TO INVEST $10,000,000 TO DRILL 5 GAS AND OIL WELLS ON OUR PROPERTY LOCATED AT GUILFORD LAKE, OHIO. 4 SHALLOW WELLS WILL BE DRILLED IN THE BEREA FORMATION, 650 TO 800 FT. AND ONE DEEP WELL IN THE UTICA SHALE 6,000 TO 7,000 FEET DEEP.
THE UTICA PRODUCTION FOR OIL IN THE FIRST 4 WELLS IN OUR AREA WERE 3,000 BARRELS PER DAY PER WELL AND APPROX 10 MILLION CUBIC FT OF GAS PER DAY PER WELL. OUR OIL AND GAS GEOLOGIST STUDY, (SEE ATTACHED, THE STAR ON THE STUDY DENOTES OUR PROPERTY), SHOWS THAT THERE IS ONE MILLION CUBIC FEET OF NATURAL GAS PER DAY IN THE GUILFORD BEREA FORMATION BELOW OUR PROPERTY AT 650 TO 800 FEET DEEP.
WE ARE OFFERING A 20% NET INTEREST IN THESE 5 WELLS FOR $10,000,000. THERE ARE ALSO TAX CREDITS AVAILABLE FOR INVESTORS IN GAS & OIL WELLS. YOUR INVESTORS SHOULD TALK WITH THEIR CPA. 100% OF THE DRILLING TAX CREDITS WILL GO TO THE INVESTOR. 20% OF THE PRODUCTION TAX CREDITS GO TO THE INVESTOR
THE FIRST UTICA OIL WELLS IN OUR AREA CAME IN AT 3,000 BARRELS PER DAY PER WELL WHICH EQUALS $318,000. PER DAY PER WELL OR $116,070,000 PER YEAR PER WELL FOR OIL. A TOTAL OF $125,633,000 MILLION PER YEAR PER UTICA WELL GAS AND OIL. 20% TO INVESTOR $25,126,600. THE UTICA SHALE 1 WELL 10 MILLION CUBIC FEET OF GAS PER DAY X PRICE OF GAS TODAY $2.62 PER THOUSAND CUBIC FT. = $26,200. PER DAY X 365 = $9,563,000. PER YEAR. INVESTOR RECEIVES 20% NET PRODUCTION = $1,912,600 PER YEAR. LIFE OF WELLS 12 - 15 YEARS BASED ON TODAY'S NATURAL GAS PRICES.
THE BEREA 4 WELLS 1 MILLION CUBIC FEET OF GAS PER DAY X PRICE OF GAS TODAY $2.62 PER THOUSAND CUBIC FT. = $2,620. PER DAY X 365 = $956,300. PER YEAR. INVESTOR RECEIVES 20% NET PRODUCTION = $191,260. PER YEAR. LIFE OF WELLS 12 - 15 YEARS.
BASED ON TODAY'S GAS & OIL PRICES. 2-29-12 NATURAL GAS $2.62 PER THOUSAND CUBIC FT. AND OIL $106 PER BARREL
1 UTICA SHALE WELL ANNUAL OIL PRODUCTION: $116,070,000.
20% TO INVESTOR $23,214,000
1 UTICA SHALE WELL ANNUAL GAS PRODUCTION: $9,563,000.
20% TO INVESTOR $1,912,600.
4 BEREA GAS WELLS ANNUAL GAS PRODUCTION: $956,300.
20% TO INVESTOR $191,260
ANNUAL TOTAL RETURN TO INVESTOR FOR $6 MILLION INVESTMENT EQUALS $25,317,860.
TOTAL ANNUAL OIL & GAS PRODUCTION FOR UTICA AND BEREA FORMATIONS: $126,589,300
THE UTICA SHALE HAS THE LARGEST OIL & GAS RESERVES IN THE USA UNDER NORTH EAST OHIO AND WESTERN PA.
THE GAS PRODUCTION IS PRESOLD TO COLUMBIA GAS COMPANY PIPELINE.
WE LOOK FORWARD TO WORKING WITH YOU AND YOUR INVESTORS.
SINCERELY,
GARY W. BLYTHE, TRUSTEE
THE SPRINGS TRUST
(Phone # removed)Buyer and Seller and their Representations. This e-mail message and any attachments are intended only for the addressee. This communication correspondence and/or attached document/s is not to be considered a solicitation for any purpose or in any form or content, nor is it an offer to sell and/or buy securities. This communication may contain privileged and/or confidential information and is intended solely for the use of the addressee and is covered by the US Electronic Communications Privacy Act, text and amendments where applicable and is also protected from disclosure by and under the US Gramm-Leach-Bliley Act, text and amendments where applicable. Upon receipt of these documents, you the reader, as recipient, acknowledge and accept this disclaimer and warning herein. You the recipient, through and by the receipt and reading of this communication, hereby agree, acknowledge and accept that this is an unsolicited, private, encoded communication of privileged, proprietary and or confidential communication for your interest only and hereby agree to keep it (URL removed) information contained within these document/s and or attachments is relative to a private business plan and or private placement memorandum only and neither implied or expressly relative to an offering of securities.. Also see (URL removed)