LEVELLAND, Texas--()--HOME CREEK ENERGY, LLC a Limited Liability Corporation based at 701 Austin Street Levelland, TX 79336 (West Texas: “Permian Basin”) has announced the formation of the participation in the Perry Ranch Multi-Well Production Project.
This project is a combination of multiple dimensions of oil production and drilling. It will total 117 wells on 10,800 acres in 7 Texas Counties. It includes current production, restoration of production, initiating secondary (flooding) recovery, drilling vertical mid-range wells, drilling deep (+10,000ft) wells, horizontal reef wells, and black shale horizontal hydraulic fracturing. The production ranges in the state of Texas as far East as Baylor County, in the North Texas “Tannehill” formations, and as far West as bordering with New Mexico in Cochran County’s “Yates” formation. It includes oil bearing fields of Palo Pinto, Patio Sands, Caddo Reef, Wolfecamp, Clearfork, Devonian, Northern Black Shale and Canyon Reef. The projects estimates of revenues are in the range of monthly gross of $1,246,853 (US) and NET of $1,155,173 (US). With a three phase operational implementation totaling 240 days.
Home Creek Energy is a family owned private entity, that prides itself in bringing direct oil ownership and revenue sharing production projects to the international market. HCE Operating, LLC, is a Texas licensed operator, bonded with the Texas Railroad Association.
“This project includes what everyone in the world is currently after: Current Texas Oil Production, it’s hard to find! We have put together a package of our all-star properties and leases. We have spent months organizing the seismic and geological data, title opinions, and maintaining current lease tracks. It starts with current production creating instant revenues and leads to new drilling; this not only carries with it the production of deep zones, drilled with new technology (including horizontal fracking) but also carries the impending Proven Undeveloped (PUD) reserves that will be very marketable to the major oil firms around us. We look forward to introducing this project to our international partners and also letting everyone know on the international energy stage that Home Creek Energy is ready to become your partner for TEXAS OIL PRODUCTION!” – Anthony Maye
This is not an offering or release of securities but an informative update from Home Creek Energy @ www.homecreekenergy.com. More information can be obtained by contacting Taha@homecreekenergy.com or Amaye@homecreekenergy.com.