Below you will find our oil well investment portfolio in which the Energy Partners Fund has secured part ownership (working interests) for it’s partners. We participated in all four successful 2018 LLOX-operated Bodacious wells that were drilled in Saint Charles Parrish, LA.
FOR PERIOD: 2009-Q4 through 2017-Q4
► Average annual dividend yield, before taxes: 18.0%
► Average annual dividend yield, after taxes: 27.5% [37% Fed Tax Rate + 5.75% State Tax Rate]
► ROI (Return on Investment] Pre-tax: 8.1%
► ROI (Return on Investment] Post-tax: 15.7%
Congress has incentivized privately sourced domestic Oil and Natural Gas production by providing huge tax advantages to the private investor. With these incentives in place drilling projects now offer investors tax advantages while greatly enhancing the economy.
Our portfolio logged 224 feet of pay zone.
- 104 feet of net pay zone in the Bodacious #3 well
- 30 feet of pay zone in the Bodacious #1A
- 49 feet in Bodacious #4
- 41 feet of net linear pay sands in the Bodacious #4A
Pay zones are also called pay sands, which is the area of oil rich deposited sand zones. The thicker the zone the more oil and gas deposits that are available for extraction. Zones vary in permeability and porosity which determines the level of oil and/or natural gas saturation. The higher the permeability or porosity – the higher the production volume, rated in mcf (1000 cubic feet of gas) and BO (Barrels Oil) or bbl (Barrels). [1 BBL = 42 Gallons is a standardized Barrel]
Our Well Portfolio
Bodacious #3 Well
Location: Drilled in the Boute Field of St. Charles Parish, Louisiana.
Date: February 2018
Total depth: of 14,221’ in approximately 10 days.
● This oil well logged an estimated 104’ section in the CIP OP sand from 13,776’ to 13,880’.
● As of July 2018, the well continues to flow to sales at 4,691 MCFGD & 50 BOPD.
● Cumulative production - over 374 MMCF & 4,352 BO since May 2018.
Bodacious #1A Well
Location: Drilled in the Boute Field of St. Charles Parish, LA as an offset to the Bodacious#3.
Date: March 2018
Total depth: of 12,729’ in under 10 days.
● Our 2nd successful well of the year logged an estimated 30’ productive section in the CIP OP sand.
● The well was brought to sales on 21-July averaging 3,539mcfg & 34.7 bbls condensate per day.
Bodacious #4 Well
Location: Drilled in the Boute Field of St. Charles Parish, Louisiana
Date: April 2018
Total depth: of 12,510’ our 3rd successful well in the area, logged an estimated 49’ productive section in the CIP OP sand.
The well currently awaits production.
Projected Payback = 23 months | 5-YR Yield = 258% | 5-YR Cum. = 5.75 BCF + 144m bbls
Bodacious #4A Well
Location: Drilled as an offset well to the Bodacious #4 using the same rig, the Bodacious #4A was drilled successfully to a total depth of 13,853’ in the Boute Field of St. Charles Parish, Louisiana in May 2018. Our 4th successful well in this Field, logged an estimated 70’ productive section in the CIP OP sand.
The well currently awaits production and may even be better than Bodacious#4.