Thoroughbred’s focus is creating a risk balanced portfolio of exploration opportunities for oil and natural gas in conventional and unconventional resource plays. Our efforts are primarily focused on known hydrocarbon-producing areas with well-established production history and potential for multiple-zone completions. Over the last few years, Thoroughbred has specialized in identifying, evaluating, and acquiring acreage in the highly desirable areas of the Oklahoma STACK and SCOOP, giving the company and it’s partners the rights to participate as a non-operating working interest partner with some of the most successful exploration and production companies in the industry. Thoroughbred is proud to bridge the gap between qualified investors and public oil and gas companies to help its partners achieve their goals of building a diverse oil and gas portfolio for themselves and their families. To date, Thoroughbred and its partners have acquired actively developing acreage throughout the STACK and SCOOP Plays in Kingfisher, Canadian, Custer, Grady, and Garvin Counties targeting the Meramec, Springer, Oswego and Woodford Shale formations.
A smarter approach to oil and gas investment
- Our partners and team of experts can help you get on the path to smarter investing.
- With our expertise in the Oklahoma SCOOP and STACK Plays, we have you covered.
- Oil and gas investments are stable, profitable and have enormous tax benefits.
- We work with our partners to maintain only the best and most productive wells.
Our MIssion
The mission of Thoroughbred Ventures is to create long term and sustainable growth for our partners and clients by being at the foreground of emerging trends while relying on proven management principals and execution strategies. Our success is based on our ability to structure the right people in the right place at the right time. Thoroughbred’s partnerships are structured to maximize the potential benefits of direct participation in domestic oil and gas exploration and production and takes pride in its partner first attitude.
WHY INVEST IN OIL & GAS?
- The world of investing is complex and constantly changing. Oil and gas investments offer a wide range of benefits, making them an attractive part of any high net worth investor’s portfolio.
- Quality oil and gas investments can provide stable, passive income for decades, often with high rates of return. Improvements to technology and a shift to developmental drilling have greatly lowered risks. And smart investments in targeted, successful areas of high production can lead to outstanding performance for investors.
- Unlike the stock market, oil and gas investments are relatively stable and generally free from the influence of destabilizing market forces. As such, a portfolio rich in oil and gas investments can provide insulation from outside market forces and inflation.
- As detailed here, the benefits to oil and gas investors when it comes to taxation are numerous and unique. Intangible Drilling Cost deductions provide up to 60-80 percent of well expenses off taxes in the first year. And 15 percent of the property’s gross is tax free. You’d be hard pressed to find a better incentivized investment opportunity.
OIL & GAS GLOSSARY
- A technique used to increase the flow of oil and/or gas out of a well. Hydrochloric acid is pumped into the oil-bearing rock. The acid dissolves limestone in the producing zone which increases porosity thus the oil and/or gas can flow into the well bore with less restrictions.
- National trade association that represents all aspects of America’s oil and natural gas industry.
- Activities not part of Initial Operations that the Managing Venturer deems necessary to further develop the Well subsequent to the drilling, testing and completion of the Well.
- A large, specially designed valve that is mounted on top of the well during the drilling and completion stages of operation. The operator can close this valve to stop the flow of oil or gas in case of emergency.
- Reservoir pressure at the bottom of the well.
- The amount of heat required to increase the temperature of a pint of water (which weights exactly 16 ounces) by one degree Fahrenheit. One cubit foot of natural gas produces approximately 1,000 BTUs, so 1,000 cubic feet of gas is comparable to 1 MBTU, which is intended to represent a thousand thousand BTUs.
- Steel pipe that screws together and is lowered into the hole after drilling is complete. It is used to seal off fluids and keeps the hole from caving in.
- Point in time after a well has been drilled to its objective depth where the Operator must decide whether to commit additional dollars to “setting pipe” and attempt a completion or to abandon the well as non-commercial.
- A process whereby cement is pumped between the walls of the hole and outside of the casing. Upon hardening, the cement holds the pipe in place and prevents fluid movement in the hole.
- Or Squeeze Cementing is a “correction” process that is usually only necessary to correct a problem in the wellbore. A cement slurry is prepared and pumped down a wellbore to the problem area or squeeze target. The area is isolated, and pressure is applied from the surface to effectively force the slurry into all voids.
- A wellhead choke controls the surface pressure and production rate from a well. Chokes are usually selected so that fluctuations in the line pressure downstream of the choke have no effect on the production rate. This requires that flow through the choke be at critical flow conditions. Under critical flow conditions, the flow rate is a function of the upstream or tubing pressure only. For this condition to occur, the downstream pressure must be approximately 0.55 or less of the tubing pressure.
- An assembly of valves, spools, pressure gauges and chokes fitted to the wellhead of a completed well to control production. Christmas trees are available in a wide range of sizes and configurations, such as low- or high-pressure capacity and single- or multiple-completion capacity.
- A well that is capable of producing enough oil and gas to be economically viable to operate.
- A general term referring to all activities necessary to put a well into production after it has been drilled to casing point.
- A structure constructed around an oil tank to contain the oil in case the tank collapses or leaks.
- Heat exchangers used to reduce gas and liquid wellstream temperatures to allow further processing and meet pipeline specifications.
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