Dolberry Oil & Gas, Inc. focuses on opportunities for development in existing fields where drilling success ratios are much higher than those resulting from the alternative of drilling in an unproven area. There are three types of wells that offer a supreme advantage:
In-field developmental wells- wells drilled to the same productive reservoir as other proven wells within the established
boundaries of the field.
Offset wells- also known as step out wells, usually not more than one drill site or location away from existing production,
drilled into reservoirs believed to be an extension of the productive reservoir around the prospect.
In-field prospects- these locations are proved up by examining the well logs of the surrounding wells and interpreting any
available seismic. In some cases it is possible to determine that there are other prospective target zones yet unexplored, but
proven to be productive in our target area.
Developmental drilling has become the industry’s answer to cost cutting as well as production enhancement while maximizing capital investment for smaller independent oil & gas companies during the current state of the nation’s struggling economy.
The Dolberry Oil & Gas staff utilizes years of field experience creating a significant advantage for investors. Its knowledge of understanding the great variety of situations and conditions enables Dolberry Oil & Gas to drill, complete and equip wells at a cost factor far below many of its competitors. Dolberry Oil & Gas drills wells on a turnkey basis, thereby insuring its investors of no cost overruns. The Company also utilizes participation agreements that limit the investor’s financial commitment to the amount of the fixed, turnkey cost during the drilling and completion phases of each well.
To guarantee that the focus is always on enhancing the investor return, Dolberry Oil & Gas participates as an investor in each of its projects that is offered—therein lies the distinctive difference that sets Dolberry Oil & Gas apart from most independent oil and gas companies today. By its participation as a working interest partner, Dolberry Oil & Gas bears its proportional share of the operating costs allocated to the well.
The Final Advantage
Dolberry Oil & Gas maintains an excellent relationship with many of the service companies that provide drilling, completion and well service along with seismic and supply companies. They have developed these relationships over the past thirty years. This allows Dolberry Oil & Gas to outsource its utilization of drilling rigs and service companies without substantial waiting periods while its competitors have to wait for availability. As a result, Dolberry Oil & Gas is able to provide its partners with the same benefits within the industry while other companies request a larger investment for the same depth of well.