Types of Projects
Diversification is a tactic that has been successfully employed time and again across many industries. It is also a principle MPG strives to follow in our investment strategies. Emphasizing sites with proven productivity, our direct participation programs (DPP) consist of:
Existing Well Reconditioning
Existing wells on producing properties are reworked and recompleted in order to increase their value. MPG uses a detailed analysis of known geologic and projected economic factors to select the most suitable sites.
Infill/development drilling consists of new wells drilled within a producing field, or locations that have been identified as part of a larger geologic trend. These cost-effective investments take advantage of existing infrastructure and data that have already been paid for by the original developers.
New Location Drilling
New location drilling consists of highly selective drilling projects in new locations – typically just outside the boundaries of a producing field – for the purpose of increasing the overall rate of return. Due to the higher level of risk, this option is better suited for qualified investors. Several times a year, MPG will offer small interests in a set number of wells throughout varied geological areas. When drilling in new locations, MPG reserves the right, based on new geological data acquired during the drilling of a project, to relocate wells to more favorable areas.
Acquisition and Development Fund (Lease Bank)
A fund that is invested in a variety of business opportunities within the oil and gas industry. Examples include funding the construction of pipelines and gathering systems for lease and/or resale to third parties, or acquiring wellhead equipment for lease, resale, or exchange for interests in producing leases.
Note: All drilling projects entail a certain degree of risk. However, our diversifed strategy is designed to focus on the types of project (described above) that are generally considered to have a conservative risk profile. For more information on our risk assessment process, click here