Synergy Oil’s Forecast for the Next 90 Days
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If mother nature stays on our side, our next well we will be drilling is on one of our new acquisitions, the North Skinner, which we will be drilling to a depth of 4000 feet. Big Oil LLC, our operator, will be drilling the North Skinner.
Some history on this lease:
These wells can produce between 100 -300 bopd with a life expectancy of 20 to 30 years. We acquired this lease as well as the Stott’s from Jim Whitcraft, operator and owner of Rainbow Drilling. Jim Whitcraft is the operator of the Stott’s and North Skinner leases, which he stills owns working interest on the North Skinner lease, which gives him a very strong incentive to bring as many wells up and running as mother nature allows us to. We acquired the North Skinner lease for $210,000, also after looking at the economics and numbers, this lease should be very profitable long term for the fund.