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EEG Hockley Project Posted 11 September 2014 by Admin. Current Projects

Ensight Energy Group, Inc. has commenced funding for their new EEG Hockley Project Limited Partnership, a four (4) well project located in Bee County, Texas.

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

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

The Hockley Project is a four objective drilling program with Vicksburg, Hockley, Frio and Yegua as their primary target zones. Welder Exploration & Production (operator) has operated the property since 2006 and has drilled over 51 wells with only 2 dry holes.

Welder originally proposed a 5th well, the O’Neil Dobbs #2, to test the Upper Hockley. This well was drilled in May, 2014 to satisfy a lease obligation. The well was successful and came online producing 140 BOPD and 80 MCFPD of natural gas.

Welder has purchased and shot 120 square miles of 3-D seismic data. Welder Exploration estimates at least 452,500 barrels of oil and 2.32 BCFG (2,320,000 MCF) that are potentially recoverable.

Ensight Energy Group, Inc. has run internal economics based on $3/MCF gas and $50/BO.

Notable features of this project include:

Program

Offering

Structure

Activities

Revenue

Distribution

Tax Advantages

Notable Statistics

For further information regarding topics discussed in this article please contact Ensight Energy Group, Inc. directly at (800) 994-2195 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.

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