IL Basin 6-Well Project - Oil & Gas Drilling Opportunity

This listing presents a minority working interest opportunity in a seismically driven 6-well infill drilling project located in Salem, Illinois, within the prolific Illinois Basin. The project combines developmental and exploratory drilling, featuring two to five thousand-foot new drills targeting deeper pool discovery, alongside four shallower reworks or re-entries of existing wells. The area boasts eight potential stacked pays, with six having a history of productivity in the field. Extensive 2D seismic data (33 line miles) with AVO and Elastic Impedance Inversion analysis supports the potential for deeper pay discovery on existing productive acreage. Essential infrastructure, including electric grids, field roads, and saltwater disposal (SWD) facilities, is already in place, enabling a swift transition from financing close to spudding, completion, production and cash flow, potentially within 120 days. The project targets fault and structurally assisted traps suggested by seismic anomalies. The overall budget for an 8/8ths working interest is $4 million, with an 80% Net Revenue Interest (NRI) to the Working Interest (WI). Current crude pricing is pegged at $3.75/Bbl WTI, with minimal IL State Severance tax (1/10 of 1%), suggesting favorable economics. The operator, Prairie Resources, Inc., will retain a 15-20% WI position. This is an unregistered private offering, exclusively for accredited investors meeting specific income or net worth criteria. The working interest is subject to a 15% Burden of Income, Production, and Other Taxes (BIAPO). Monthly operating expenses (LOEs) are estimated between $1,300 and $2,500 per well. Investors will also have a right of refusal on future drilling and development phases planned post a 3D seismic survey.