Oil&Gas test partner company research After yes
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Posted On: 01/19/2021 9:03:18 AM
Oil&Gas test partner company research
After yesterday's tweets, I have been doing some research into the test site and the companies involved.
First of all we know that Maverick is involved, it appears that they are a great partner for PCTL in the oil industry. There is more to the story. Maverick is owned by Doug Humphreys of Holdenville OK, and the Humphreys family owns several companies. Maverick is an energy services company working closely with oil companies, but they themselves do not own or lease the wells. This is why I initially was not thinking they were doing the testing, since I could not find wells registered to them. One of the Humphreys other companies does however- Paluca Petroluem.
Paluca Petroleum - part of the Humphrey’s family of companies in Holdenville OK.
https://www.corporationwiki.com/Oklahoma/Hold...56094.aspx
https://opencorporates.com/companies/us_ok/1900547596
Missouri property-
Test location- https://www.google.com/maps/@37.8176045,-94.5...312!8i6656
https://www.shalexp.com/missouri/vernon-count...eek/004562
If you look at the image on Google street view, you will see a sign from Petroriver, the picture is from 2013. Since then the lease was assigned to Paluca-
Petroriver oil lease assigned to Paluca- https://www.sec.gov/Archives/edgar/data/11722...040702.htm
Paluca also has rights to a number of wells in Oklahoma. According to this report they produced 27,720 BBls (BOE production) in the month of October 2020, in Oklahoma (this does not report Missouri’s production)
https://www.mineralanswers.com/oklahoma/produ...m-inc/9125
As these test results become known in the industry, I expect more will follow.
After yesterday's tweets, I have been doing some research into the test site and the companies involved.
First of all we know that Maverick is involved, it appears that they are a great partner for PCTL in the oil industry. There is more to the story. Maverick is owned by Doug Humphreys of Holdenville OK, and the Humphreys family owns several companies. Maverick is an energy services company working closely with oil companies, but they themselves do not own or lease the wells. This is why I initially was not thinking they were doing the testing, since I could not find wells registered to them. One of the Humphreys other companies does however- Paluca Petroluem.
Paluca Petroleum - part of the Humphrey’s family of companies in Holdenville OK.
https://www.corporationwiki.com/Oklahoma/Hold...56094.aspx
https://opencorporates.com/companies/us_ok/1900547596
Missouri property-
Test location- https://www.google.com/maps/@37.8176045,-94.5...312!8i6656
https://www.shalexp.com/missouri/vernon-count...eek/004562
If you look at the image on Google street view, you will see a sign from Petroriver, the picture is from 2013. Since then the lease was assigned to Paluca-
Petroriver oil lease assigned to Paluca- https://www.sec.gov/Archives/edgar/data/11722...040702.htm
Quote:
WHEREAS, Assignor is the owner of a certain number of leases of which a specific land so described, ALL OF THE WEST HALF (W ½) OF SECTION SIXTEEN (16), TOWNSHIP THIRTY FIVE NORTH (35N), RANGE 33 WEST (33W), VERNON COUNTY MISSOURI, consisting of approximately 320 net acres, of an 87.00% NRI, located in Missouri, Grassy Creek, and all equipment, personal property and fixtures thereon (see Exhibit A). The lease agreement that incorporates this land description, titled Release of Certain Oil and Gas Leases and Ratification of Other Oil and Gas Leases, between the Assignor and the original Grantor(s) (see Exhibitas executed on the day of July 25th, 2014, covering the real property in the County of Vernon, Missouri.
Paluca also has rights to a number of wells in Oklahoma. According to this report they produced 27,720 BBls (BOE production) in the month of October 2020, in Oklahoma (this does not report Missouri’s production)
https://www.mineralanswers.com/oklahoma/produ...m-inc/9125
As these test results become known in the industry, I expect more will follow.
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