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Re: mick post# 2100

Saturday, 11/19/2022 5:38:57 PM

Saturday, November 19, 2022 5:38:57 PM

Post# of 4299
Oil Reserves West Texas

west texas oil boom

duc wells

texas permian oil basin

1. $MDMP July Field Updates

News Link:

MDM Permian, Inc. and MDM Energy, Inc.
MDM Field Updates
Nolan County, Texas; Irion County, Texas; Wise County, Texas

Brown #1 well in Nolan County, Texas, continues to pump after a re-work. The last gauge showed 45 barrels of total fluid, 15 barrels of water and 30 barrels of oil. The well is scheduled for hookup to the main tank battery. The frack tanks have approximately 300 barrels of oil that will be transferred to the tank battery and prepared for sale.

2. 5 Permian Plays With Big Potential ($AGYP, $REI, $CDEV, $APA, $OXY)
Oil prices remain firmly above $100 per barrel as the Ukraine conflict continues to affect supply globally. In the United States, this has led to increased production at the nation's most active oil field, the Permian Basin, located in southeast New Mexico and West Texas.

Tightened supply has coincided with increased demand as COVID-19 subsides, creating a cocktail of opportunity for all involved in the extraction of 'Texas tea.'

The rising prices of oil have created increased fundamental valuation for securities in the sector. Permian-based stocks could be the biggest beneficiaries of this boost in value.

-Allied Energy Corp. (OTCMKTS: AGYP), for instance, is an oil-producing Permian play, the company holds several leases in the region but has production interest at 3 primary locations:1. Green Lease2. Gilmer Lease3. Prometheus Lease

Both the Green Lease and Gilmer Lease had assessments completed last summer, the recent market conditions have made a major change in the value of AGYP's reserves:


Absolutely correct! >> "$AGYP is one of only a handful of verified American oil producers trading on the OTC"

Just a friendly reminder that $AGYP is one of only a handful of verified American oil producers trading on the OTC. Texas Railroad Commission website verifies production numbers monthly

Recap of recent write-up featuring $AGYP ~ Allied Energy Corp. (OTCMKTS: AGYP)

#oil #oilstocks #oilinvest #junioroil #gas

5 Permian Plays With Big Potential (AGYP, REI, CDEV, APA, OXY)

$OODH Orion Diversified Holding Co, Inc. Announces an Acquisition & Milestones ReachedPress Release | 04/07/2022

CARSON CITY, NV / ACCESSWIRE / April 7, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a non-operated working interest in the Anadarko Basin of Oklahoma. The property consists of a 2.29% and a 2.76% non-operated working interest in 2 wells averaging 73 mcfpd. The wells are located in Caddo & Pittsburg County Oklahoma. Management has also agreed on a price for a producing oil and gas property located in the Sprayberry field in the Permian Basin of West Texas.


This is big for companies like CCWF as they're guaranteed the US govt. will buy the oil produced at guaranteed pricing to restock the stockpiles.
The patient will get rewarded here nicely IMO.

Maverick Energy Group, Ltd.

NextMart, Inc (NXMR)

Permian basin "period of operational growth".

Question is whether they will need new valves and pumps?? IDK

Rig count increasing significantly.

"A big drilling activity increase in Texas, and in the Permian Basin in particular, sent the U.S. rig count soaring 13 units higher to 663 for the week ended Friday (March 11), according to updated numbers from Baker Hughes Co. (BKR)."

MDM Permian, Inc. Lindley #4-A Drilling Schedule

News Link:

Carrollton, Texas, March 08, 2022 - MDM Permian Inc. (OTCPK: MDMP) today has announced that plans have been completed to begin the drilling of the Lindley #4-A well in Irion County, Tx.


In the PR other day..."CETI Listed with the Texas Rail Road Commission as Operator of 500 acre oil field in the Permian Basin with 45 Million Barrels worth $4 Billion in today's oil price ".

IAHL Corporation (IAHL)

88 Energy Ltd (EEENF)
Capital raise for this?
In particular, the Company notes that it has recently signed a non-binding Memorandum of Understanding ("MoU") relating to a potential acquisition of a conventional producing oil and gas asset in the Permian Basin, Texas, USA. The key commercial terms of the potential acquisition as outlined in the non-binding MoU are for the Company to acquire a 75% non-operating working interest in the project for consideration of approximately US$9 million as well as a further US$1.6 million working capital fund, to be paid in cash and 88 Energy shares. The non-binding MoU contemplates that the vendor, Lonestar I LLC, will remain as Operator of the project. 2021 gross production at the project totalled approximately 110,000 BOE, with a planned work program in 2022 expected to increase production.

A look at what’s to come for Texas in the 2022 energy market

Listen to the interview with Smith in the audio player above or read the transcript below to learn more about how oil is bouncing back as investments in renewable energy sources continue to grow.

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