Sources: American Petroleum Institute (“API”) and Nontechnical Guide to Petroleum Geology, Exploration, Drilling & Production by Norman J. Hyne, Ph.D. All info as of 12/31/2014 1) Midwest will limit Wildcat wells to 10% of any drilling package. 2) 66 wells by Midwest and 12 wells by Herrick at CountryMark. One of those twelve was a dry hole. 3) Industry percentages include gas wells, which typically are a lower risk to drill due to larger production zones.
NEXTTAX INFORMATION DISCLAIMER: Midwest Energy Partners, LLC. is not a Tax Advisor, CPA, or Tax Attorney and is not certified to give any tax advice. Each investment individual may or may not qualify for certain deductions contained herein. The information on this page is for education purposes only. It is highly recommended you seek advice from your own tax professional or an accountant that is familiar with these types of investments before making an investment decision. Midwest Energy Partners, LLC. offers no professional tax advice.
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