0
%
Historical Success Rate
Partnered with Kitty Hawk Energy for Exploration and Production Excellence.
Partnered with Kitty Hawk Energy for Exploration and Production Excellence.
As an investor in oil this one quote should be enough to convince you of the need to develop our oil resources.
“The United States continues to consume about two-thirds of the world’s oil production. Oil should be considered the keystone of the standard of living in the United States and to a large degree its rank as a world power”
Market cycles affect oil prices, but prudent management such as choking the well back to lower production allows us to maintain price stability. Less oil is sold at the lower price and when price rebounds the choke can be opened to produce more oil. Wells with one objective sand are wells we avoid, we look for multiple objective sand wells to mitigate risk. The JP Morgan predicts oil will average $80 the quarter of 2024.
Peak oil is inevitable and when it happens the irreversible decline in worldwide production will occur. The discovery of most major oil fields occurred over 40 years ago, and there have been no giant oil fields found since.
The end of cheap oil will happen. We won’t realize it until oil-producing countries can no longer keep up with demand no matter how high the price.
Time Magazine reports: In the first half of 2023 China announced plans to build 43 new coal-fired power plants despite being the world’s largest polluter and despite its pledge to be carbon neutral by 2060. Albeit it didn’t sign the Paris Accords and is classified as a Developing Country.
EV’s require lithium-ion cells and they contain rare earth metals. One such element cobalt is highly unfriendly to the environment. 70% of the cobalt comes from the democratic republic of Congo, where health and safety measures are abandoned and child labor with crude hand tools are used to mine.
Wind power by the Utility Smarts Team. “copper is used extensively in windmills. A single wind turbine, for example, can be made up of 335 tons of steel, 4.7 tons of copper, 3 tons of aluminum, and 700 pounds or more of rare earth materials.”
Research and interaction with the drilling program team can help determine the legitimacy of the investment opportunity. SEE the Investor Alert at https://www.sec.gov/files/ia_oilgas.pdf
Well maintenance is essential to healthy production, such as regular downhole treatments to support good pipe integrity. After the well is completed and producing workovers may occur. These are more expensive than routine maintenance and are well thought out and planned prior to undertaking. Good operators keep expenses low.
Plug backs are a good thing because that means you have more opportunity in a wellbore to capture hydrocarbons. Ultra looks for prospects with multiple reservoir potential in order to capture additional oil reserves extending production life.
Market cycles affect oil prices, but prudent management such as choking the well back to lower production. Less oil is sold at the lower price and when price rebounds the choke can be opened to produce more oil. Wells with one objective sand are wells we avoid, we look for multiple objective sand wells to mitigate risk. The EIA predicts oil will average $94.91 in 2024.
Yes, interests in oil wells are sellable based on their cash flow, similar to stocks values. There are brokerage houses such as Oil and Gas Asset Clearinghouse and Deal Stream that sell oil and gas properties on a commission basis. They do an excellent job at compiling the information and Ultra will help as well if you decide to sell.
Advancements in technology and low-risk drilling in known fields continue to make oil drilling profitable, contributing to America's energy independence.
Investors are only liable for their investment, similar to buying stock, with operating agreements outlining responsibilities.
Stay up-to-date on our unique investment opportunities in the lucrative world of oil and gas.
Ultra Energy U.S.A. has joined forces with Kitty Hawk, to bring you unique financial opportunities in Oil and Gas.
Field: Jeanerette, St. Mary Parish, LA
Depth: 5,500 TVD
Objective: Miocene
Reserves: 350,000 BOE
