Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum MDM Permian Inc MDMP

Energy Oil & Gas Drilling
MDM Permian, Inc. is in the business of acquiring, leasing, exploring and developing oil and natural gas properties, primarily in the Permian Basin of Texas as well as the East Texas Basin. The Company and its subsidiary, MDM Energy, Inc., are engaged in the exploration and drilling and production of oil and gas reserves in Texas.

OTCPK:MDMP - Post Discussion

MDM Permian Inc > MDMP September Update
View:
Post by AveragePenny on Sep 14, 2021 11:26am

MDMP September Update

MDM Permian has just completed a 4-year focused study, on a 24 sq. mile area in the Permian Basin. There are several over-looked targets in this area that have been identified, including the San Angelo, Clear Fork, Wichita Albany, Dean Wolfcamp and Canyon Sands formations. Third party engineers have confirmed an estimated 84 million barrels of producible oil in place from all sections combined. At today’s prices, this area has an estimated value of as much as $5b in undiscounted future revenues at current prices. The company plans to drill only vertical wells that are low risk and cost as compared to horizontal wells (HZ). It estimated Lease Operating Cost (LOE) is $8.00 per BOE-on risk adjusted return.

https://www.otcmarkets.com/otcapi/company/dns/news/document/52989/content
Be the first to comment on this post
MDM Permian Inc