Sources: American Petroleum Institute (“API”) and Nontechnical Guide to Petroleum Geology, Exploration, Drilling & Production by Norman J. Hyne, Ph.D.
All info as of 12/31/2014
1) Midwest will limit Wildcat wells to 10% of any drilling package.
2) 66 wells by Midwest and 12 wells by Herrick at CountryMark. One of those twelve was a dry hole.
3) Industry percentages include gas wells, which typically are a lower risk to drill due to larger production zones.
Wells as of 12/31/2014 The Map shows the current wells that Midwest owns a working interest in by county. Midwest also has three wells located in Kansas.
The Illinois Basin covers approximately 60,000 square miles in central and southern Illinois, southwestern Indiana, and western Kentucky. 99% of Midwest’s Wells are located in the Illinois Basin. We find that our investors like the idea that in a few hour drive we can be at our wells. That gives the investors a sight and feel on their investment.
TAX INFORMATION DISCLAIMER: Midwest Energy Partners, LLC. is not a Tax Advisor, CPA, or Tax Attorney and is not certified to give any tax advice. Each investment individual may or may not qualify for certain deductions contained herein. The information on this page is for education purposes only. It is highly recommended you seek advice from your own tax professional or an accountant that is familiar with these types of investments before making an investment decision. Midwest Energy Partners, LLC. offers no professional tax advice.NEXT