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86 BBL in July 2023.
MDM Energy, Permian, WTFever
Same old Same old. Show me the drilling permits. RRC.texas.gov.
Carrollton, Texas, September 9th, 2021, MDM Permian Inc. (OTCPK: MDMP) today has
announced continued good news and advances in our overall business plan in the Permian
Basin.
MDM Permian has just completed a 4-year focused study, on a 24 sq. mile area in the Permian
Basin. There are several over-looked targets in this area that have been identified, including the
San Angelo, Clear Fork, Wichita Albany, Dean Wolfcamp and Canyon Sands formations. Third
party engineers have confirmed an estimated 84 million barrels of producible oil in place from
all sections combined. At today’s prices, this area has an estimated value of as much as $5b in
undiscounted future revenues at current prices. The company plans to drill only vertical wells
that are low risk and cost as compared to horizontal wells (HZ). It estimated Lease Operating
Cost (LOE) is $8.00 per BOE-on risk adjusted return.
The Company is now planning to go into the drilling and development phase.
About MDM Permian, Inc.:
Based in Carrolton, Texas, MDM Permian, Inc. is a publicly traded energy company with
interests in oil and natural gas wells, mineral prospects. The Company’s business plan includes
building value through reserves and production in the Permian Basin of Texas. MDM Energy,
Inc. (the wholly owned operating subsidiary of MDM Permian, Inc.), has been actively involved
in the oil and gas industry since 1981 with offices located in Carrolton, Texas. Michael Rafael
has 40 years of experience in the oil and gas industry, serving as founder, President and Chief
Executive Officer of MDM Energy, Inc.(“MDM”).
FORWARD-LOOKING STATEMENTS
Statements related to outlooks, projections, goals, targets, descriptions of strategic plans and objectives, and other
statements of future events or conditions are forward-looking statements. Actual future results, including financial and
operating performance; total capital expenditures and mix; cost and expense reductions; emissions intensity and
absolute emission reductions; cash flow, dividends, debt levels, and shareholder returns; business and project plans,
timing, costs, capacities, and returns; asset management activities; results from settlement of outstanding derivatives;
workforce reductions; the outcome of litigation, tax, and other contingencies; and future accounting and financial
reporting effects of the foregoing could differ materially due to a number of factors. These include global or regional
changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market conditions
that impact prices and differentials; actions of competitors and commercial counterparties; the ability to access shortand long-term debt markets on a timely and affordable basis; the ultimate impacts of COVID-19, including the extent
and nature of further outbreaks and the effects of government responses on people and economies; reservoir
performance; the outcome of exploration projects; timely completion of development and other construction projects;
changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of
governmental permits; government policies and support and market demand for low carbon technologies like carbon
capture; war, and other political or security disturbances; opportunities for potential investments or divestments and
satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and
between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining
future competitive positioning; unforeseen technical or operating difficulties and unplanned maintenance; the
development and competitiveness of alternative energy and emission reduction technologies; the results of research
programs and the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors
discussed in this report. We assume no duty to update these statements as of any future date.
mdmpermian.com
Call their IT department for recent updates!
or
Go to OTCmarkets.com for more BS!
Big woop. Less than a $5,000 expenditure. Show me the production numbers. RRC.texas.gov.
By the way, he's down 22%!
interesting day for MDMP , looks like going higher.
jmho
Great news out today
jmho
Elon must've put a stop to this crap. Good on him!
Hey MDMP is getting some volume again today
must be good news soon
jmho
Links to Monthly Production data according to the RRC of Texas for MDM Energy (districts 7B and 7C) for all of 2022 (And, I would agree that data for December is questionable):
District 7B
District 7C
#MDMP: READY TO ROCKET...
$0.034
#MDMP: Peacock oil and gas well.... $0.03
https://www.mdmpermian.com/
https://www.nutechenergy.com/
https://www.nutechenergy.com/images/masthead_logo_nutech.png
https://www.otcmarkets.com/stock/MDMP/news/MDM-Permian-Inc-Acquires-Well-Interests-and-Drilling-Locations-for-Its-Operational-Subsidiary?id=317824
The company has also entered negotiations for a 320-acre lease in Jack County, Texas, with a producing gas well. This well also has behind pipe potential and will be evaluated by our engineering partner, NuTech Energy, for future development.
MDM Permian, Inc. Acquires Well Interests and Drilling Locations for Its Operational Subsidiary
Press Release | 08/24/2021
Carrollton, Texas, Aug. 24, 2021 (GLOBE NEWSWIRE)
-- MDM Permian Inc. (OTC Pink: MDMP) today has announced continued good news and advances in our overall business plan in the Permian Basin with the transfer of assets to MDM Energy, Inc.
“Today we have received the executed P-4’s for the transfer of the Peacock oil and gas well in Wise County and the Brown Lease in Nolan County.” Stated Michael L. Rafael, President and CEO.
The Peacock well is a gas well that also produces a small amount of oil from the Conglomerate/Barnett Shale. NuTech will be analyzing the logs for the best procedures to increase production.
The 308-acre Brown lease has 2 oil wells. Both have been evaluated by NuTech Energy, and we have identified an overlooked Strawn section at a depth of 6314 ft. in the Brown #1. We have designed a frac for this well based on several computer simulations, the slick water frac is proving to be the most effective for this zone and the job is out for bid. NuTech simulations indicate a 100 BOPD initial production rate with the possibility of 220,000 barrels of production over the life of the well.
MDM Permian, Inc. will be the beneficiary of the immediate offset locations of this well at a 75% net W.I. MDMP will also have 1/8th carried working interest in the Brown #1 and #1-A.
The company has also entered negotiations for a 320-acre lease in Jack County, Texas, with a producing gas well. This well also has behind pipe potential and will be evaluated by our engineering partner, NuTech Energy, for future development.
About MDM Permian, Inc.:
Based in Carrolton, Texas, MDM Permian, Inc. is a publicly traded energy company with interests in oil and natural gas wells, mineral prospects. The Company’s business plan includes building value through reserves and production in the Permian Basin of Texas. MDM Energy, Inc. (the wholly owned operating subsidiary of MDM Permian, Inc.), has been actively involved in the oil and gas industry since 1981 with offices located in Carrolton, Texas. Michael Rafael has 40 years of experience in the oil and gas industry, serving as founder, President and Chief Executive Officer of MDM Energy, Inc.(“MDM”).
Mr. Rafael has been directly involved in the drilling, completion, and operation of over 300 oil and gas projects, primarily in the Illinois Basin, and directly supervises and oversees field operations. Mr. Rafael works directly with contract geologists, petroleum engineers and geophysicists from start to finish.
For more information about the company, please visit https://www.mdmenergy.com Follow us on Twitter: https://twitter.com/mdmpermian
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
For additional information, view the company’s website at www.mdmpermian.com or contact MDM Permian, Inc. at (214) 651-9900.
#MDMP: Has announced continued good news and advances in our overall business plan in the Permian Basin....
https://www.mdmpermian.com/
The Company is now planning to go into the drilling and development phase.
https://twitter.com/mdmpermian/status/1578061846497697792
https://www.otcmarkets.com/otcapi/company/dns/news/document/52989/content
Carrollton, Texas, September 9th, 2021,
MDM Permian Inc. (OTCPK: MDMP)
Today has announced continued good news and advances in our overall business plan in the Permian Basin.
MDM Permian has just completed a 4-year focused study, on a 24 sq. mile area in the Permian Basin. There are several over-looked targets in this area that have been identified, including the San Angelo, Clear Fork, Wichita Albany, Dean Wolfcamp and Canyon Sands formations. Third party engineers have confirmed an estimated 84 million barrels of producible oil in place from all sections combined. At today’s prices, this area has an estimated value of as much as $5b in undiscounted future revenues at current prices. The company plans to drill only vertical wells that are low risk and cost as compared to horizontal wells (HZ). It estimated Lease Operating Cost (LOE) is $8.00 per BOE-on risk adjusted return.
The Company is now planning to go into the drilling and development phase.
About MDM Permian, Inc.:
Based in Carrolton, Texas, MDM Permian, Inc. is a publicly traded energy company with interests in oil and natural gas wells, mineral prospects. The Company’s business plan includes building value through reserves and production in the Permian Basin of Texas. MDM Energy,
Inc. (the wholly owned operating subsidiary of MDM Permian, Inc.), has been actively involved in the oil and gas industry since 1981 with offices located in Carrolton, Texas. Michael Rafael has 40 years of experience in the oil and gas industry, serving as founder, President and Chief Executive Officer of MDM Energy, Inc.(“MDM”).
FORWARD-LOOKING STATEMENTS
Statements related to outlooks, projections, goals, targets, descriptions of strategic plans and objectives, and other
statements of future events or conditions are forward-looking statements. Actual future results, including financial and
operating performance; total capital expenditures and mix; cost and expense reductions; emissions intensity and
absolute emission reductions; cash flow, dividends, debt levels, and shareholder returns; business and project plans,
timing, costs, capacities, and returns; asset management activities; results from settlement of outstanding derivatives;
workforce reductions; the outcome of litigation, tax, and other contingencies; and future accounting and financial
reporting effects of the foregoing could differ materially due to a number of factors. These include global or regional
changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market conditions
that impact prices and differentials; actions of competitors and commercial counterparties; the ability to access shortand long-term debt markets on a timely and affordable basis; the ultimate impacts of COVID-19, including the extent
and nature of further outbreaks and the effects of government responses on people and economies; reservoir
performance; the outcome of exploration projects; timely completion of development and other construction projects;
changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of
governmental permits; government policies and support and market demand for low carbon technologies like carbon
capture; war, and other political or security disturbances; opportunities for potential investments or divestments and
satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and
between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining
future competitive positioning; unforeseen technical or operating difficulties and unplanned maintenance; the
development and competitiveness of alternative energy and emission reduction technologies; the results of research
programs and the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors
discussed in this report. We assume no duty to update these statements as of any future date.
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Audit Services
MDM Permian, Inc. is in the final stages of our audit being performed by M&K CPA’s, Houston, Texas (performing both Tax and Audit services). They will be doing Federal tax returns for both MDM Permian, Inc. and MDM Energy, Inc. They are also performing an audit looking back 2 years that will allow for the company to move to QB. M&K is a PCAOB Registered Firm and can be found at www.mkacpas.com"
3/31/22: “We are excited about the progress we made over the last year.” states Mr. Michael Rafael, President of MDM Energy, Inc. “The company raised a considerable amount of money to fund operations, purchase production, enter rebranding and marketing agreements in preparation for a much larger funding effort for 2022.” MDM Permian, Inc. has also engaged M&K CPAs to conduct an audit that is expected to be completed in April of this year. “Once we have our audited financials, we will apply to up-list to QB status and become fully reporting.”
https://www.otcmarkets.com/stock/MDMP/news/MDM-Permian-Inc-Annual-Report-and-Disclosures-Posted?id=350297
AI
