Redhawk Resources - Fund III

$ 15,000,000
FUNDED

The partnership purchased 3,800 acres in the famoulsy prolific Permian Basin in the heart of West Texas near Fort Stockton. This project consists of the purchase of 70 conventional vertical bore wells originally developed and drilled by Gulf Oil Corporation. This project is under development.

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Location

Near Fort Stockton, Texas in Pecos County, the Permian Basin geological province is one of the most famous oil fields in the world. To date the Permian Basin has produced over 29 billion barrels of oil and 75 trillion cubic feet of gas. It is estimated by industry experts that the Permian Basin still contains recoverable oil and natural gas reserves exceeding the amount produced in the last 90 years!

Primary Objectives

The development, drilling and waterflooding of 3,800 acres of producing oil and gas leases with 70 existing shallow wells.

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