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Kentucky USA Energy has secured a 75% net revenue interest in a leasehold with proved undeveloped reserves covering approximately 3000 acres  targeting the New Albany Shale in western Kentucky.

The Western Kentucky Prospect offers the potential for positive cash flow, quick time to payback, significant return on investment and sustainable production:

  • Approximately 40-50 drilling locations at relatively shallow depths, averaging 1800 to 2500 feet vertically.
  • Potential of over 23.725 billion cubic feet (BCF) of net undeveloped reserves for 40 locations - based on 40 acre spacing

Kentucky USA acquired drilling rights on farm-out acreage from Thomasson Petroleum Enterprises (“TPE”), Inc. to drill and develop up to 40 wells on the subject leases. The TPE farm-out acreage is adjacent to the Company’s existing leasehold property associated with the New Albany Shale.


 
 

 
Our Advantages
  • Gas sales line runs through the property
  • Low cost drilling and completion costs with efficiencies available for multiple wells.
  • Quick timeline per well—once permitted: 7-8 days to drill, 20- 30 days to complete, and 30 days to bring online.
  • This timeline depends on the return of nitrogen levels after the well completion, and the availability of both equipment and materials.
  • 30 direct offsets to wells owned by the Company or other operators.
 
 
 
 
 
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