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West Virginia Oil & Gas: West Virginia Has Blanket Formations Which Means Very Low Risk

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Invest In West VIRGINIA Oil & Gas: Get Your Free Prospectus!

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Why Drilco

The Drilco vision is to develop production proven acreage in West Virgina. The first American oil discovery was here in Appalachia, and since we value loyalty, we’ve stayed right here for the last 22 years. This is a land rich in natural resources and VERY LOW RISK because the Appalachian Basin is covered in blanket formations. That means that you do not run the risk of dry holes here, unlike in Texas and Oklahoma where the risk of total loss is substantial.

In summary:

-We value loyalty both to and from our investors.

-We have 24 years of experience drilling in the area.

-Appalachia, where we drill, is rich in resources.

-Unlike Texas and Oklahoma, we run a very low risk for total loss because of the Appalachian Basin’s rich blanket formations.

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Our Latest Press Release

Hugh Dale-President – Drilco Oil and Gas has begun the construction phase of the Drilco 2018 1H Drilling Program. We have completed servicing, and begun delivery of all heavy equipment to Ritchie County for site preparation. We expect to be in construction through to the beginning of October.

Hurricane Florence has brought heavy weather and delays to this region.

We are executing a strategic plan to develop lease acreage outside of Auburn, West Virginia by drilling multi-well pads with 3000′ horizontal legs. “Horizontal drilling is now the trend in West Virginia” says Hugh “It was previously not considered for the shallow wells being drilled in this region.” Within the last 2 years, major producers like EQT and Nytus Exploration have proven that to be a thing of the past with single horizontal wells averaging 150-300+ barrels of oil per day. “A deep, multi-well, horizontal well pad in the Appalachian Basin can far exceed anything we have seen in this region, ever.”

The problem has always been financing.

“This area of West Virginia has a challenging financial climate. Local and regional independent producers have been developing these oil fields on limited funding for decades. After the discovery of the Marcellus Shale, this land was meticulously combed with geological studies, and these majors are now coming from outside, buying up and developing under developed oil leases and taking away our states natural resources.”

Drilco Oil and Gas has sold out a percentage of their ownership to the private sector to fund the remaining themselves and retain total control of development operations. “We own or own the rights to develop 14,000+ acres throughout the Appalachian Basin, and this is exactly how we are going to do it.”

Industry Partners

Drilco Oil and Gas has signed an agreement with Ergon Energy out of Jackson, MS. for oil sales at market price plus $3.00 on every barrel of oil produced in Ritchey County, West Virginia.

Drilco Oil & Gas
P.O. Box 385
Grantsville, WV 26147

817-745-4510

kevin@drilcooilgas.com

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This content is provided for informational purposes only. Information on this website is not intended to be a solicitation of any kind. Nothing herein shall be construed as tax, legal or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. Potential investors should consult their attorney, accountant and financial advisors before investing in oil and gas. Past performance is not a guarantee of future performance or returns.