58 oil wells in 2 years…
only 3 dry holes

Newport Operating, LLC, was founded by Cotton Graham, owner of G2 Petroleum, LLC, in 2015 and was created to carry out the venture capital drilling projects that G2 offered. Newport is a privately held, “hands on” oil operations company, that has separated itself from our industry competitors by providing the most transparent oil investment opportunity available to accredited investors. Cotton’s innovative use of shallow well drilling, has helped revive an area in Burkburnett, TX that has been stagnant since the oil crash of the 1980’s.

The idea that Burkburnett is still a “black gold mine”, is supported by Newports 95% success rate there. The community and economy in this area, historically known as “Boomtown”, is growing, in large part, due to Newport’s noteworthy development of previously mismanaged leases. Cotton’s family operated company has become a valuable asset for the city of Burkburnett, where family owned businesses have traditionally provided stability for its economy. By creating both jobs and income, and staying true to the values that made “Boomtown” world famous 100 years ago, Newport Operating LLC is “Bringing the the Boom back to Boomtown!”.

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“OUR” Operations…

While it’s a common practice for oil operations companies to subcontract most, or all, of their production process, we at Newport Operating, LLC take pride in being “hands on”. By that we mean, we own our equipment, trucks, and leases, which minimizes the need to hire subcontractors for production services. In addition, we work our leases with over 30 direct staff members and leading industry partners, which lowers expenses and maximizes profitability.

 

Current Oil Production:
6000 Barrels Per Month

Production Process:

  1. Survey & Permit – Our geologist determines the drill site. The site is then surveyed and applicable permits obtained.
  2. Drilling & Logging – The “borehole” is drilled, and data regarding the rock formations is logged.
  3. Casing & Cementing – 30 ft. Single-joint tubing is placed in the “borehole”, and held in place with cement.
  4. Perf & Test – A hole is punched through the casing to access the reservoir, and the well is tested to determine if fracking is necessary.
  5. Fracking – When it’s needed, a fracking solution is pumped into the well creating channels that allow hydrocarbons to flow.
  6. Completion – A custom completion setup and pump jack are used to extract the oil, its then stored on-site until purchased.

Current Projects

Roller Extension 20

  1. This program is for the first 20 wells of our Roller Extension Lease’s 100 well development. Oil reserves for these 20 wells are estimated to be 442,000 B.O.
  2. Our program is structured to return initial investments within 18-24 months.
  3. Partners are eligible for a 100% tax right off on oil and gas investments.

To receive all details on G2’s Roller Extension Lease, simply request more information by clicking the button below

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© 2018 Newport Operating