40+Years
Oilfield Management Experience
In the Permian Basin Wedgemount is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.
Our strategy is to acquire core areas of conventional producing, low-entry cost assets and apply innovative enhanced recovery techniques to optimize production and grow cash flow with limited capital program outlays.
Wedgemount has partnered with Texas based turnkey oilfield management firm with 40+ years local relationships and technical expertise.
0
%
Of Assets have immediate cash flow.
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Runnels, Taylor and Coleman Counties offer a multitude of underdeveloped, underexploited and undercapitalized producing asset opportunities. Wedgemount is focused on building a core area which allows for efficient operations, low transportation costs and access to local labor and services.
Producing Oil Wells
17 producing Gardner & King sand vertical wells.
Increased Oil Production
Wedgemount completed proprietary chemical treatments on 17 wells and increased oil production to 153 boepd.
Inital Oil Production
When assets were acquired initial production was 32 boepd
Injector Well
Working as potential water-flood pilot.
