Redhawk Resources - Fund II purchased an undivided 51% Working Interest in 37 shallow producing wells on 11,000 (+/) acres HBP in a nine-county area in NW Kansas. The partnership additionally purchased an undivided 51% in 17,000 acres PUD for development. Fund II will drill a proposed 30 vertical wells in multi-stacked pay zones 4,000-5,000’. The Partnership is drilling  and operating the wells. 

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Producing Assets

Asset I: Redhawk Resources - Fund II’s first tier has been purchased, and is generating revenues. It is comprised of 37 currently producing wells on 11,000 acres HBP (held by production) plus 17,000 PUD acres. All 37 purchased and producing wells are of similar type in the primary stage of production with the oldest being 4 years old.  These properties span a broad spectrum of geological provinces common to northwestern Kansas and include portions of ten counties in NW Kansas.

Drilling Assets

Asset II: This second tier calls for the developmental drilling of an additional 30 wells. The 30 to-be-drilled wells are simple vertical wells 4,000' -5,000’ deep. They are drilled through multiple-stacked pay zones requiring no fracing with multi-stacked pay zones in Lansing-Kansas City, Marmaton, Pawnee, Ft. Scott, Cherokee, Johnson, Morrow and Mississippian. Most locations are suited for secondary recovery. Drilling of the wells is underway.