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EEG Spraberry Project Posted 10 February 2012 by Admin. Blog

EEG Spraberry ProjectEnsight Energy Group, Inc. has commenced funding for their new EEG Spraberry Project Limited Partnership, a two (2) well project located in Crockett County, Texas.

 

The two well package will be offered under a Turnkey Drilling Contract. EEG is currently offering its qualified participants the opportunity to review this project.

The Spraberry Project will have various industry partners involved as well as the project’s limited partners. These wells should produce oil with associated natural gas.

Potential recoverable reserves have been estimated by Lincoln Energy Operating, L.L.C. at 100,000 BO per well plus associated gas. Ensight Energy Group, Inc. has run internal economics based on $3/MCF gas and $80/BO.

 

 

Notable features of this project include:

Income

Taxes

Timing

Operator History

The success of any Operator drilling wells in Texas depend upon:

Operator Participation

Conclusion

Current drilling prices at the above mentioned commodity prices gives the EEG Spraberry Project a strong upside potential.

For further information regarding topics discussed in this article please contact Ensight Energy Group, Inc. directly at (866) 885-3221 or visit them on the web at www.ensightenergygroup.com. Emails may be directed to Info@ensightenergygroup.com.

*The tax example is provided for general information only. This information is not intended to be individual tax advice. The limited partnership participant should consult his/her personal tax adviser concerning the applicability and effect on his/her personal tax situation. Tax laws change from time to time and there can be no guarantee of the interpretation of the tax laws.

EEG Smackover Project now drilling first well. Watch the video. Posted 6 February 2012 by Admin. Blog, EEG Updates


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