Hagler SW Prospect (EF VC11, LP)
Results: Drilled & produced 3 wells || Status: Producing 9 BOPD
In 2016, EF VC8, LP funds were raised and participated in the Hagler SW 4 well drilling program on two separate leases (one North Neff well & three J.P. & Fern Jones wells). After drilling one dry hole well on the North Neff lease, the development continued to the J.P. & Fern Jones lease for the next three wells. This new lease was where EF VC11, LP participated. Flintrock Resources carried most of the working interest in the project and sold a portion of their working interest in order to continue developing the Southwest (SW) lease. EF VC11, LP acquired an additional 25% interest in the Hagler SW project now that the J.P. & Fern #1 Well was drilled and successfully completed in the Pennsylvanian Capps Limestone. Once EF VC11, LP is closed and funded, Flintrock Resources Management, Inc. (Flintrock), the operator, drilled and completed an additional two wells. EF VC11, LP invested in the completed producing well (J.P. & Fern #1 Well) along with two new wells listed in the images below. EF VC11, LP did not pay for the dry hole cost already incurred on the North Neff Lease. J.P. Fern Jones #1 | API: 4208336182 | Drilled 2/2017; Produced 05/2017 J.P. Fern Jones #2 | API: 4208336204 | Drilled 5/2017; Produced 07/2017 J.P. Fern Jones #3 | API: 4208336205 | Drilled 6/2017; Produced 07/2017
Funded March 2017. Drilled Q2 2017. Produced Q3 2017. Investors receive monthly checks for 9 BOPD.
Producing since Q3 2017. Investors receive monthly checks for 9 BOPD.