Spencer Barton

Fresno, CA (USA)
Role(s):
Founder/Owner/Principal

Golden Hills Oil & Gas of California

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Location: Fresno
Industry: Energy
Year Founded: 1992
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: Golden Hills Oil & Gas of California, LLC is an independent company providing an opportunity for investors to become partners in oil and gas acquisition as they drill in one of America’s most productive and historically oil rich reservoirs. The Principals, Kent and Spencer Barton, began establishing the framework for this opportunity in 1992 when they began working independently with intentions of starting a new oil company. Kent and Spencer Barton have over 50 years worth of combined executive and project management experience in working within the oil fields of California, particularly Kern County. Coupled with a large volume of petroleum activity, Kent and Spencer have executive transactions in subdivision development, construction of over 2,300 homes within California – As well as establishing, developing, managing, and selling 5 successful businesses. Paired with education in engineering, agriculture, math, and science, they have established themselves well in the community, working with oil companies, geologists, seismic, oil drilling companies, and regulators over the last 50 years. To date they have invested over $500,000 in research and development, seismic analysis, and leasing costs. OBJECTIVE To develop and expand a multitude of oil and natural gas wells, starting with the initial phase, located on a prime anticline in a highly productive area of Kern County, California, USA. OPPORTUNITY Golden Hills Oil & Gas of California, LLC is opening an opportunity for investors to acquire a working interest for an oil development within a 160 acre parcel of land that abuts properties held by large multinational oil companies which could accommodate up to 32 viable well sites in subsequent phases. Drilling is slated to begin during the month of January 2015, down to a maximum depth of 3,000 feet. We welcome each investor to secure as many shares as they like, however we will be restricting this opportunity to no more than 28 accredited investors. Each share is being offered at the subscription price of $27,482.14 with a 2.14% interest. Once all phases of the Subscription amount are met and accepted, the investors will acquire a 75% working interest. The first 5 permits will pulled during phase 1. The Managing Partner has reserved the right, in its sole discretion, to accept Subscriptions of more or less than one (1) share. The Subscription Price will be payable in full upon the execution of the Subscription Documents by a prospective investor. Future development would involve the use of additional parcels – totaling 853 acres that we have leased over the last 20 years. Up to 170 wells could be placed on the properties we’ve targeted. This first piece of land has been identified as the best parcel on which to operate. Start-up shareholders will receive right of first refusal to invest in each future well site the LLC undertakes, each in an amount up to the initial investment. Future development pertaining to the first 170 wells would have an estimated completion date of 2018. THE ADVANTAGE Along with a prime location, our Principals have decades of executive experience and expertise in a variety of fields, including Oil Field Technology, Engineering, Construction, Agriculture, as well as degrees in Math and Science. Their oil field experts include scientists in Seismology, Geology and Chemistry, as well as a former drilling company owner who has personally managed the oversight and management of thousands of oil wells located from California to Texas.