Sean Deenihan
Wichita, KS (USA)
Role(s):
Founder/Owner/Principal
Section 37 Oil Company
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Startup
Location:
Wichita
Industry:
Energy
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Section 37 is going to drill 5 oil wells in Western Kansas. These locations are based on subsurface geology, nearby production, and most importantly 3D seismic. These ready to drill locations are purchased at a significant discount with minimal upfront costs. The break even point on each well is 3000-4000 barrels of oil. Each well location has the potential to more than pay for the whole project if successful. This is a risky investment opportunity with large upside potential.