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The Oklahoma SCOOP and STACK Play Yielding Huge Results for FIG Tree Capital Ventures
The SCOOP Play (South Central Oklahoma Oil Province) and STACK Play (Sooner Trend Anadarko basin Canadian and Kingfisher counties) have emerged as two of the most active and economic unconventional resource developments in the country, coveted by public companies like Devon Energy (DVN), Continental Resources (CLR), and Newfield Exploration (NFX). FIG specializes in identifying, evaluating, and acquiring non op acreage in these highly desirable areas, in turn giving the company the rights to directly participate in the drilling with the publicly traded operators.
"The SCOOP and STACK have been our primary focus for acquisition due to their ability to generate significant returns in this low oil price environment,"
To date, FIG and its partners have acquired actively developing non op acreage throughout the SCOOP and STACK Plays in Kingfisher, Custer, Grady, and Garvin Counties targeting the Meramac and Woodford Shale formations. The company recently announced the successful completion of the Vitruvian II operated Anita Fowler 1-27-26H SCOOP well in Grady County. The well had a peak rate of approximately 377 bbls per day and 18.5 mcf per day, which is well over 2,000 BOE per day. In its first 53 days, the well has averaged approximately 320 bbls per day and 16,000 mcf per day. FIG's interests are currently being operated by Devon Energy (DVN), Continental Resources (CLR), Newfield Exploration (NFX), Vitruvian Exploration II, Gulf Exploration, and several others.
About the Company
FIG Tree Capital Ventures is a venture capital firm in Texas that specializes in offering accredited investors investments in Energy, Real Estate, and Technology that are focused on revenue generation, asset appreciation, and tax benefits.
Qualified investors that want to learn more, and those looking to sell non-operating interest can contact FIG at (866) 300-2170 or email us at firstname.lastname@example.org or visit http://www.figtreecapitalventures.com/