Transaction Pipeline
ONE Energy has several development and acquisition opportunities under review and welcomes additional submissions. The ideal packages are those that have some level of production (“PDP”) along with other reserves. The PDP provides cash flow that the Company uses for working capital and also packages in dividend form to its investors. Summary teasers about investment opportunities are available upon request.
Properties
Below is a listing of the properties we own and manage.
ONE Energy currently owns properties located in Knox County, Texas including 34 wells spread across eight leases. The properties total approximately 1,280 acres. Average depth of the wells is 2,500 feet and the producing formation is Tannehill sandstone.
Of the total wells, approximately seven are currently producing. ONE Energy has set up a program to stimulate the oil and gas production on the properties.
In addition, ONE Energy is actively looking to acquire complimentary leases which are located adjacent to, or nearby, its existing properties, creating an efficient economies of scale.