We focus on obtaining sources of energy in a manner that is most environmentally responsible. At the same time, company wide, we strive to live up to our name. With effort, investment in our company and employees, we live by the axiom of; peak performance, peak production, peak professionalism, peak integrity and peak customer service. This is Summit Energy Group.
Donn Campbell - President and CEO
With over 40 years of robust industry experience, Donn has consulted privately owned as well as some of the worlds largest fortune 500 oil and gas companies traded on the New York Stock Exchange. For one publicly traded company, he managed their entire North Dakota production and completion operations.
Donn Campbell - President and CEO
With over 40 years of robust industry experience, Donn has consulted privately owned as well as some of the worlds largest fortune 500 oil and gas companies traded on the New York Stock Exchange. For one publicly traded company, he managed their entire North Dakota production and completion operations. In addition, his experience includes drilling, vertical and horizontal; hybore, slick water and nitrogen frac; completions, vertical and horizontal; production; construction; coil tubing; service company management; workover rig; NCO2 injection; soil and water remediation; compliance and organization on both state and federal levels; safety and boring. Donn took one startup from zero barrels to 9,000 barrels in a year and a half. He operated and produced oil and gas production in Oklahoma and Texas, and he began his career with ownership in a drilling company which drilled over 250 wells in Oklahoma. Donn Campbell is third generation in this business and is not a stranger to the ebb and flow of the oil and gas industry. Even with his vast knowledge and success, he yet remains a student of the industry, a mentor and an honest man of moral courage who does the right thing because the right thing should be done. These character traits permeate throughout Summit Energy Group.
South Texas Acquisition:
Austin Chalk, Buda and Eagleford
• One well producing • Two well shut down needing minor repairs • Current Production 35 BOPD Gross/ 25.5 BOPD Net • 20% WI 18.25 NRI • $14,213 Net Revenue/ Month • $1,760 Net LOE • $350,000 Cost for 20% WI • Payout 28 months • Payout 22 months with second well on
• Analysis @ $95/BO
•
South Texas Acquisition:
Austin Chalk, Buda and Eagleford
• One well producing • Two well shut down needing minor repairs • Current Production 35 BOPD Gross/ 25.5 BOPD Net • 20% WI 18.25 NRI • $14,213 Net Revenue/ Month • $1,760 Net LOE • $350,000 Cost for 20% WI • Payout 28 months • Payout 22 months with second well on
• Analysis @ $95/BO
• Three wells equipped • Two wells to be turned back on • An additional 20 BOPD to add • Additional drilling potential on current HBP Acreage • Eagleford wells offset producing 100,000 BO in the first year generating a 1 year payout
Oklahoma Five Well Program: Sexton #4-4 Section 4-3N-28ECM Beaver County, Oklahoma Recompletion Hoover Sandstone: The Sexton #4-4 has been identified as a candidate for recompletion in an upper formation in the Hoover Sandstone at approximately 4300’ sub-sea. The Sexton was originally drilled and completed in the Chester Carbonate formation at a depth of 7200’ sub-sea with an initial production test of 112 MCFPD. Our objective is to re-enter the Sexton well set a plug over the Chester Formation and come up hole and perforate and stimulate the Hoover Sand. Offset wells to the Sexton have been completed in the Hoover and combined have produced more than 2.6 BCF of natural gas from 1959-1991. The wells had a shut-in pressure test conducted in 1989 with pressure readings of 214 PSI which indicates the wells were not depleted. Based on Pressure data, remaining reserves recoverable are estimated to be 500 MMCF. Our Objective being to re-enter Sexton well set plug over the depleted Chester formation, move up hole to 4300’ perforate and frack Hoover Sand and put back into production. Noe #3-20 Section 20-1N-22ECM Bever County, Oklahoma Recompletion Marmaton Limestone: The Noe #3-20 is presently completed in the Morrow Formation at a depth of approximately 7500’. There have been four wells completed in the Marmaton Formation in section 20 and combined have produce on an average of 39,000 BO per well. Our objective is to set a plug over the lower Marrow formation and come up to the Marmaton. We will selectively perforate the formation and stimulate well with 3000 bbls of gelled brine water and 20,000# of 20/40 sand as proppant. Recoverable oil reserves are estimated at 31,000 BO. Roger Mills PDP (Fleener #2-20, Calvert #1-30, Bradshaw #1-27) The Roger Mills PDP consists of three wells that combined have produced approximately 12.2 BCF of gas and combined have an estimated recoverable reserve of 1.6 BCF. Our objective being to perform some small remedial maintenance to surface equipment and re-establish production. Wells were producing on a average of 100 MCF of gas per day per well.
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