Domestic Energy Development, Inc. (http://www.doenergy.com) has identified an opportunity to utilize our engineering skills in a joint venture with current owner operators of oil wells to economically produce proven oil reserves from marginal wells creating profits for investors and our company. According to the Department of Energy 396,500 wells in the U.S. produce less than 10 Barrels of oil per day. One sixth of one percent of the identified market represents 660 wells, if initially producing 5 BOPD each, production would equal 3,300 barrels of oil per day.
We identify locations and deploying our Oil Recovery Tools in groups of five for an investment of $175,000.00 for the 5 Tools. We currently have the demand for over 100 of our Oil Recovery Tools to be deployed in proven oil fields. Based on initial production of 5 barrels of oil per day per well we are estimating the return on an investment of $175,000.00 in 7 months.
Our Oil Recovery Tool is based on an innovative wireline design with microprocessor controls automatically sensing the fluid level on each cycle. With wireless connectivity built in to each unit all wells are constantly monitored allowing for increased efficiency via remote control. The system is ideal for wells up to 3,000 feet in depth and is extremely cost effective in this range, and significantly cheaper than operating and maintaining the traditional rod and pump systems.
The onboard computer program monitors and executes the sequence of operations, a command is executed to send the canister down the well bore, the fluid level is detected and logged when the canister contacts the surface of the fluid, when the canister fills a command to return is executed. The fluid is evacuated from the canister and sent to the Tank Battery gas from the well is sent to the gas collection system. Through wireless connectivity and onboard computer monitors the tool can be scheduled to maximize recovery and cost efficiency. The Unit is economical where electricity available to the well head, in remote areas the tool is designed to run effectively with the electricity produced from wind and solar energy. This is not a concept; Tools are proven and are in the field producing oil today.
Our goal is to take advantage of our early position in the market, identify superior locations and deploy as many units as possible as rapidly as possible. This is a very low risk business with significant growth potential with monthly cash flow. The investors retain their pro rata share of ownership in the Tools, when Wells reach the end of their economic life we move the Tools to other Wells.
The venture described herein is structured as direct ownership of the wells, equipment and production through a Working Interest position in this project. Working interest ownership has certain advantages including voting rights & the ability to sell their interest. Working interest has certain tax advantages which may be attractive. We will work with investors to structure the business in a manor that is financially rewarding to all concerned.
For additional information contact Steve Williamson; firstname.lastname@example.org