Marina and I returned home from Houston late Wednesday night. After trips to London and Mexico City, we were tired to say the least... but also very excited.
That's because our latest trip allowed us to spend several days visiting the initial drilling sites for Money Map Project #1 in South and East Texas.
After touring the site, I'm now happy to report that the first well, the Willard Unit #1H, in the Austin Chalk formation in South Texas is rapidly nearing completion.
When the final horizontal drilling segment is completed in about two weeks and the entire well is set for production, our operating company will officially "call" the well.
At that point, no further investment will be allowed into our 25-well project, marking a major milestone.
This is pretty country where grazing longhorn cattle coexist with pumps moving oil and gas out of the ground.
And it has all the components of a massive energy investing winner...A Long and Profitable Journey
Of course, the road to this point has been a long one.
But when the U.S. Securities and Exchange Commission (SEC) changed its regulations in late September of last year, the prospect for average investors to become partners in an actual oil and gas drilling project became a reality for the first time ever.
As I have written to you since then, these changes have allowed me to phase in an entirely new energy investing approach I had been working on for over two years.
It involved hand-picking a few companies and projects that agreed to the 10 tough provisions I had created to provide a better return for direct oil and gas investors than anything ever attempted in the industry.
Simply put, it offered Money Map Press subscribers - who were also "accredited investors" - the opportunity to invest in a private oil and gas deal at a fraction of what earlier investments in such projects would cost.
What's more, I would be overseeing the investment moves in each of these projects to maximize their returns by selecting programs using very stringent geological and drilling requirements.
And today, what I can tell you is that what started as an idea is now rapidly turning into one of the most potentially lucrative opportunities I have ever developed. In fact, Money Map Project #1 is already receiving a lot of attention throughout the rest of the industry.
But that's not too surprising. After all, this is the only new venture that has been rolled out since the revisions in SEC regulations.
The good news is Money Map Project #1 is just the first in a series of such direct investment plays I will be unveiling in the months ahead.
And as you can see, your prospects for cashing in have never been better.An Eyeball Look at a New Kind of Energy Investing
However, back to the project at hand...
After all, getting an "eyeball view" of the Willard drilling project, along with surveying the sites for our next set of wells, about 400 hundred miles away in East Texas, was the reason for our trip.
While on site, I had a chance to discuss the status of the Willard drilling program with the field manager and crew while examining the rig in operation. We had to be careful because the drilling was entering its final phase.
This involves the bending of the pipe to the horizontal section for the last race to the end of the drilling program. In this process, tons of pipe are moved up the 150-foot rig, connected, and then moved downhole with amazing skill.
But we also needed to watch where the pipe was and position ourselves accordingly. The roughnecks were not about to screw up their schedule simply because we were there!
With all of this metal moving about, there is always the constant danger of a spark setting off a fire. So everybody had to wear fire-retardant clothing along with steel-toed boots and hardhats.
Nonetheless, on the drive down, Marina managed to find "stylish" gear at the Tractor Supply Store in Giddings, Texas. Regardless of where we find ourselves, she can always find a way to make a fashion statement.
Anybody who thinks this is not a high-tech operation has never seen a horizontal play in operation... or the battery of computer screens in both the rig's "dog house" and the operations trailer nearby.50 Years of Massive Profits
As for the second leg of our travels, we drove out to East Texas, about a 10-hour round trip. The location was the rolling hills around the historic riverboat town of Jefferson. At one point in the nineteenth century, Jefferson was the largest "city" in Texas.
These days it is the center of a drilling region that has generated massive oil and gas profits for more than 50 years.
Our project in this area will consist of drilling multiple wells from large leasing acreage in a highly productive basin. Our first location has been set, and initial preparation is already underway.
It is called the Manziel #1 (yes, we are drilling on the land of that family, from which a certain grandson is now making news in another profession). On site, I walked the drilling pad and talked to the engineers who were making their final preparations to begin drilling.
It is remarkable to see how much equipment and expertise is required to build the roads, clear out the locations, and transport the huge drilling rigs and all the support that goes with them.
These wells in East Texas will be shallower and vertical, resulting in quicker completion than those we are drilling in the Austin Chalk formation down south. As a result, our flows (and profits) will be accelerating due to the mixture of quick-producing wells in one region combined with deeper and larger pay zone sites in another.
I also had an opportunity to spend some time with the other professionals on the team. These included a range of people from the chief land man (who identifies all the land and deed records for the acreage, conducts initial negotiations with land owners, and processes all the county courthouse leasing and legal paperwork), to geologists, engineers, pipe managers, and the heavy equipment specialists who move around those huge "Tonka toys" that turn sites into drilling locations, access roads, storage tanks, pipeline locations, and the many other components of an operating drilling site.
These folks and the land they work in South and East Texas have a way of growing on you. So does the prospect of a huge oil and gas project; actually, the first of several.
These projects are certainly breaking some new ground, offering energy investing opportunities for average folks that simply did not exist only a few months ago.
You can expect further news in a few weeks on the next gangbuster project.
By that time, oil royalties will already likely be flowing into the pockets of those who came on board for Money Map Project #1.
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