Bluegrass Exploration​

270-646-7900

Oil Drilling Investment in Kentucky

Bluegrass Exploration
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Drilling Exploration
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Oil Drilling Investment Leases 
When Oil prices drop Texas & Canada
look to Kentucky for a better R.O.I.

  • Shallow wells = lower cost
  • Lower cost of drilling = partners own larger %
  • More wells per project + multi-pay zones = more chances for oil
  • Thorough knowledge of area = better drill sites

The Biggest U.S. Oil Patch Is Near Its Limit

Pipeline Crunch

The Permian is growing at 800,0000 barrels a day annually and production currently stands at 3.3 million barrels a day, said Sheffield, who first drilled wells in the region in 1979 and is considered one of the architects of the shale revolution. Total pipeline capacity is 3.6 million barrels, so the region will reach capacity in the next three to four months and the bottleneck isn’t likely to ease for at least a year, he added.
Permian production could remain flat for the next year because of pipeline restraints, Sheffield told a session of the OPEC conference.
"The market has been assuming a straight line production growth from the US but infrastructure constraints mean that’s clearly not going to be the case," said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. "At a time when outages are rising the US is not going to fill the gap either."
The lack of pipeline capacity will continue to cause severe dislocation in U.S. oil markets, Sheffield said. Benchmark West Texas Intermediate crude at Midland in the Permian is likely to trade at a $25-a-barrel discount to price at the industry’s hub in Cushing, Oklahoma, he said.

American Oil Boom

The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said.
The worsening bottleneck in the Permian region that straddles west Texas and New Mexico offers an unexpected fillip to OPEC and other oil producers outside the U.S., who’ve seen rampant production from America’s shale producers grab market share.
Scott Sheffield on June 20.
Photographer: Stefan Wermuth/Bloomberg
"We will reach capacity in the next 3 to 4 months," Scott Sheffield, the chairman of Pioneer Natural Resources Co. said in an interview at an OPEC conference in Vienna. "Some companies will have to shut in production, some companies will move rigs away, and some companies will be able to continue growing because they have firm transportation."
His comments are the strongest indication yet that the growth in the red-hot shale region is about to slow down soon due to a lack of pipeline capacity. The problem has grown so bad that oil companies have been forced to load crude on to trucks and drive it hundreds of miles to pipelines in other parts of the state.
The Permian region is accounting for nearly half of the growth in U.S. oil production. America pumped almost 10.5 million barrels a day in March, up 1.4 million barrels a day from a year, according to government data. The annual growth rate is larger than the production of OPEC nations such as Libya.
The warning about shut-ins comes as some small companies move oil rigs away from the Permian into other shale basins that still have pipeline capacity. Oil services companies have also started to reduce the number of fracking crews they offer to drillers.
Pipelines are being built to get more oil out of the Permian, but shipments are likely to be constrained until at least 2019, Sheffield said.
Oil tank struck by lightning, catches fire and explodes

Owner of Bluegrass Exploration talking to local news network after the big storm.........

Some parts of Southcentral Kentucky have seen significant damage from storms over the past few days​. One oil tank owner in Barren County is dealing with the aftermath of that damage.
"Lightning is marvelous to look at, but when something like this happens, you realize how powerful lightning actually is," said Gilbert Faircloth, Bluegrass Exploration LLC. It's the last thing Gilbert Faircloth thought would happen.
"I need to go play the lottery," laughed Faircloth.
An electric bolt from the sky, struck one of his oil tanks on the ground.
"Lightning struck the top of the tank, shot it about 3-400 feet in the air, spun it then shot it over here as you can see in the back of the field," explained Faircloth. "Probably traveled 200 feet from where it was actually sitting."
Officials say there were about 30 barrels inside, and it weighed thousands of pounds.
"I know the neighbors felt it down the road," said Faircloth. Officials say it all caught fire fairly quickly due to the oil.
"The lightning struck it and it blew the bottom out," explained Faircloth.
Gilbert's trail camera even captured evidence of the fire at its early moments.
Now a day later, charred grass lingers behind, but Gilbert wastes no time with clean up.
"We got everything sewed back with seed. We got everything covered back up now the grass will grow back, now this time four or five months from now you'll never know anything happened," said Faircloth.
While the bolt completely took out the tank and then some, Gilbert was still able to salvage some.
"Danger petroleum sign, holy macarole. It's a little dirty but it should still work," he said.
East Barren, Temple Hill and Summer Shade fire departments responded to the lightning strike. Glasgow/Barren County Emergency Management was also dispatched due to the hazardous material.
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In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount ... 
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A known fact is that the worldwide demand for oil and natural gas keeps growing year after year as the economies of India, China, and other third-world nations continue to mature – demanding the modern conveniences we all enjoy. Oil and its by-products touch every facet of our lives. From gasoline to kerosene, asphalt to plastics. Simply put, without oil, civilization as we know it would cease to exist. When you invest in oil wells with Bluegrass Exploration , you have the opportunity to make monthly income for many years with potentially large returns. While there are also a lot of opportunities located outside of the United States, investing in a company that focuses on U.S. production does have its be nefits. For example, you will support the domestic economy and enjoy the benefit of working locally when you invest in local oil well!

Disclaimer: All advertised prices exclude government fees, taxes, document preparation charge, and any testing charge. All details advertised are true to our best knowledge, but not guaranteed. It is the customer's sole responsibility to verify the existence and condition of any thing listed. The owner is not responsible for misprints on prices or equipment. It is the customer's sole responsibility to verify the accuracy of the prices with the owner. Pricing are subject to change without notice.

Drilling is our Business
Business is Good
The United States oil and gas industry is multi-billion-dollar market that operates fundamentally on the ability to obtain access to subsurface minerals for the drilling of wells and the extraction of oil and gas minerals. But in order for oil companies to obtain access to the minerals beneath land surfaces, there must be an oil and gas lease agreement in place.

How these agreements are formed, negotiated and executed can be a bit complicated. This is where we come in
Bluegrass Exploration LLC family owned  legit Oil company with good rating with the Better Business Bureau. 
Bluegrass  Exploration works both sides of oil lease agreements, the process of oil leases, as well as tips and guidelines to help property owners interested in negotiating and leasing their own mineral rights.

There are enormous benefits to investing in oil leases, or leasing your mineral rights. Not only can it be financially lucrative upfront, but it can establish a long-term revenue stream for decades to come.

While the financial benefits are extremely appealing to many investors, individuals and families, it’s important to know the ins and outs of negotiating an oil lease agreement ahead of time, so you can be reassured you’ll be getting a fair deal.

Contact Bluegrass Exploration today for more infromation in how you can get involved with Oil Leasing Market.
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  1. 12
    Active Pumping Oil Wells
  2. 1000's
    Land Acres under Contract