Trinity Energy Group is actively engaged in oil, gas and energy opportunities in North America, Central America and Worldwide.
Business Model:
Revenue: $0
Employees: 1-10
Address: 19782 MacArthur Blvd Suite 100
City: Irvine
State: CA
Zip: 92612
Country: US
Trinity Energy Group Inc. (“TEG” or “the Company”), a Nevada corporation headquartered in Irvine, California, is actively engaged in oil, gas and energy opportunities in North America, Central America and Worldwide. TEG’s scope of activity ranges from due-diligence for potential investments through development, supervision and management of drilling and production operations, oversight and management of investments, and execution of exit strategies for existing projects. Trinity has assembled a team of seasoned experts with industry expertise and core-competencies to manage the investment life-cycle from project acquisition through development, drilling, production and exit strategy for investor liquidity of each project and investment. (The Kelly Lease) The Kelly lease is approximately 40 acres in size and is located in Bakersfield Ca. The interest to be acquired is 70% Working Interest (WI) and 56% Net Revenue Interest (NRI) and the lease contains approximately 6.7 million gross barrels of oil (mbo) in place (which equates to approximately 4.0 million barrels of oil recoverable) in five different producing zones of the China Grade formation which can be produced by a steam flood operation. Some 15 wells were drilled in the 1940’s and ‘50’s and were produced for a time. However, when oil prices plunged in the mid to late 1990’s, the operation became uneconomic and the operator of that time simply abandoned the field. The California Department of Oil and Gas assumed operations and performed abandonment procedures on the existing wells in 2002, which left most of the downhole piping in place. We believe that we can utilize these wells to serve as production wells but new steam injection wells will need to be drilled and equipped.
Contact Phone:
+19494398577
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2014 | Equity Crowdfunding | $200k |
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