Current Projects
Black River Operating, LLC was started by John and Julie Truitt in December 2016 by selling the majority interest in a conventional natural gas property. The property located on the eastern shelf of the Permian Basin consisted of seventy-two producing gas wells holding 10,400 acres HBP. The play targeted multiple behind pipe (PDNP) oil zones that were identified by open hole logs and drilling shows.
Following the sale, Black River was approached to operate properties for a few family offices and others. The objective was to focus on developing shallow, multi-pay, conventional reservoirs to their full potential. A highly talented team of experienced oil and gas professionals were assembled to meet this challenge.
Black River began operations with the close of its initial acquisition on December 31, 2019. A shallow waterflood consisting of 58 wells with deeper pool and behind pipe potential. Within days of purchase Black River more than doubled the daily oil rate with minimal capital and a hands-on approach. Shut-in wells that were identified with rod parts yielded flush oil production without even a workover. The full development will soon begin with the redesign of the waterflood, recompletions, shallow deepening to new pools and plugbacks to behind pipe pays. Based on our early economic success, the project should pay out in the first year.
Black River is currently seeking funding and projects from $20-300 MM
Following the sale, Black River was approached to operate properties for a few family offices and others. The objective was to focus on developing shallow, multi-pay, conventional reservoirs to their full potential. A highly talented team of experienced oil and gas professionals were assembled to meet this challenge.
Black River began operations with the close of its initial acquisition on December 31, 2019. A shallow waterflood consisting of 58 wells with deeper pool and behind pipe potential. Within days of purchase Black River more than doubled the daily oil rate with minimal capital and a hands-on approach. Shut-in wells that were identified with rod parts yielded flush oil production without even a workover. The full development will soon begin with the redesign of the waterflood, recompletions, shallow deepening to new pools and plugbacks to behind pipe pays. Based on our early economic success, the project should pay out in the first year.
Black River is currently seeking funding and projects from $20-300 MM