WIRT AND SURROUNDING COUNTIES - WV

WIRT and SURROUNDING COUNTIES

WEST VIRGINIA

USA

 

 

 

FAMILY-OWNED

 

OIL, GAS, COAL and HARD MINERALS

 

for

EXPLORATION AND DEVELOPMENT

 

The owners of a unique large family-owned mineral estate package are offering their entire mineral holdings of approximately 273 tracts and royalty interests in 95 shallow oil and gas wells.

 

 

 

HISTORY

The subject properties, held by a one family for many decades, are situated primarily in eastern Wirt County, West  Virginia,  on  and  around  the  prominent  Burning

Springs Anticline where America's first oil wells were drilled in the early 1830's. The area's initial wells were shallow and produced prolific volumes of crude oil during the 1800s. Subsequent deeper drilling yielded large volume producing wells from deeper zones, many of which penetrated oil bearing natural fractures on the flanks of the anticline. The region is still producing oil and natural gas from wells drilled during the middle 1900s, including from middle age Devonian Shales. Although horizontal drilling in recent years has resulted in thousands of outstanding Devonian age Marcellus Shale wells located in counties north of the subject properties, Wirt County has yet to be explored using horizontal drilling techniques.

 

 

 

OPPORTUNITY

The subject mineral rights will provide an exploration company a variety of attractive geological targets from the very shallow to those near the basin's basement some 20,000 feet deep. Within the total vertical geological column exist numerous proven shallow oil and gas bearing zones as well a number of potential hydrocarbon bearing zones.

 

Fortunately, the subject properties are ideal for companies seeking unencumbered potential drilling sites for long term oil and gas exploration and development. The subject properties will provide numerous subsurface targets, both proven and untested, as well as a wide choice of geographical prospects. The existence of the Marcellus and Utica Shales in Wirt County will present horizontal drilling  opportunities  not  before  possible,  including shallower oil-bearing sandstones.

 

Shallow drilling opportunities (less than approximately 5,000 feet) include in-fill oil well drilling into the Devonian Shales on unleased tracts adjacent to existing successful economical producers drilled during the 1980s. Those wells produced crude oil from the anticline's natural fractures system. Other crude oil production opportunities may exist in shallower formations that most companies bypassed largely untested and uncompleted as a result of higher gas prices available from Devonian shales during the years of federal price controls.

 

Deeper exploratory drilling opportunities also exist in geologic formations below the Devonian Shales at depths greater than approximately 5,000 feet. Included are the highly productive and high BTU hydrocarbon rich gas and condensate bearing Marcellus and Utica Shale fields present just north of the subject properties. Other known shales and sandstones strata, believed to have hydrocarbon potential, exist at depths below the historically productive Devonian shales which could prove very attractive, including the Oriskany sandstone and the Rogersville Shale.

 

In summary, the subject properties represent a rare and large group of mineral holdings having substantial exploration potential of untapped riches for both near and long-term asset holding and development.

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ATTRIBUTES

In addition to the attractive geological setting of the properties, the area's rich oil and gas history, and the large number of available development tracts, a purchaser will gain the following collateral bonuses.

 

Not the least of these are rich high BTU gas potential, access to a new 36-inch high pressure natural gas pipeline with dual pipeline rights which crosses many of the tracts, a proposed new large natural gas fed methanol generation plant located in a neighboring county, access to a nearby modern freeway and river transportation, the major Rome Trough geological feature, and support of a progressive business-friendly state government. West Virginia is teeming with unrivaled natural beauty and outdoor adventures.

 

Large 14,000 Acres Package Existing Royalty Income From 95 Wells 273 Separate Commonly Owned Tracts

Simple (Two Persons) Ownership Largely Unexplored & Untested Proven Shallow Oil & Gas Reserves Horizontal Drilling - Shallow and Deep Multiple Shallow and Deep Strata

Marcellus and Utica Shale Potential Proximity to Regional Liquids Processing Plants and Markets

 

20,000 Feet of Sedimentary Rocks To Basement

 

Aggressive Regional Petrochemical Development Business Leaders

 

Situated Within One of the World's Largest Known Geological Natural Gas Deposits (Marcellus and Utica Shales)

 

Immediate and Long-Term Substantial Revenue Development Opportunities

 

Uncrowded Location with Numerous

First Class Nearby Outdoor Recreational Activities and Cultural Opportunities

 

Untapped Riches!

"WEST VIRGINIA - ALMOST HEAVEN''