KEM Energy, Inc.

Houston,  TX 
United States
  • Booth: 3347

Looking for non-operator partners to grow this Wyoming asset to 5000 BOPD.  This one currently is making 500 BOPD and 8 million USD net cash flow per year.  Hoping to boost production to 2000 BOPD this year and make 30 Million USD cash flow.

Total 600 wells. Production was 250 BOPD and now production is 500 BOPD(100% oil).  Very shallow conventional light oil (API 36-42). Total 6 formations.  10000 acres with more than 40 MMBO recoverable reserve. The main production zone recovery rate is still less than 6%.  Production is increasing now and can be increased to 2000 BOPD in one year with enough investment.  100% WI with existing infrastructure and experienced local team, including two workover rigs and other production facilities, 20 buildings and mechanical shop, etc. Oil is sold at the price of WTI minus 0.45 USD and everything is piped to the sales terminal.  Extensive geological and production data available, including seismic data for review.