6-Well Improved Oil Recovery Project

Centralia, IL (Marion County)
Asking Price: $220K - $1.1MM
Oil & Gas Property Details
Listed on Jan 7, 2026

$1,100,000 Minority Working Position Interest Available (Minimum Investment $220,000) Seismically-Driven 6-Well Infill Project—Well Bore & 3D Seismic Opportunity

Unregistered Private Offering (Offer by Private Placement Memorandum Only). Accredited Investors Only, as defined by registration exemptions laid out in Regulation D, Rule 506(c) of the SEC rules and regulations: Only those who qualify by: $200K/year ($300K with spouse) recent 2-year income; $1M net worth exclusive of primary residence; or $5M total asset test; and, who have sufficient business sophistication to understand the financial, business and other risks involved in this type of endeavor may invest. Others are discouraged from contacting us, as you will not be allowed to invest.

Mixed Developmental/Exploratory Project in Proven Kinmundy Oil Field, Marion County, IL in the Shallow, Oil-Prone Illinois Basin: 1-4925’ Horizontal IOR New Drill (1925’ TVD w/2600’ Production Lateral) + 5 Reworks & Deepening of Existing Productive Oil Wells.

8 possible stacked pays (6 already productive) in the field. 33 Line Mile 2D Seismic Grid, in and around existing multi-pay field, with AVO and Elastic Impedance Inversion Analysis suggestive of deeper pay possibilities on HBP acreage. Lease currently in pay status. Electric & Field Road Grid & SWD Infrastructure already in place. Close of finance to spud, completion, production and cash flow possible within 120 days.

Area is noted for the intersection between a major deformation fold Hinge Line Trend and a known Silurian Reef Trend. Known Structure surrounded by prolific discoveries in deeper horizons within 15 miles in all 4 directions. Fault and structurally assisted traps to be targeted are suggested by AVO anomalies in the pre-stack domain.

$4.4 Million Budget to 100% Working Interest. 80%+ NRI to WI. Current crude pricing pegged at WTI - $3.75/Bbl. IL State Severance is only 1/10 of 1%. Good to excellent economics are suggested. Right of Refusal on Future Phases of Drilling & Development Plan Post 3D Seismic Survey

Operator/Developer retaining a 20% WI position in all 6 wells. Third party AFE costs subject to cost +10% Operator fee. WI Subject to 20% BIAPO. LOEs vary from $1,200 to $2,500 per well, per month depending on gas vs. electric motors, well depths and SW production.

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Financials (USD)

Asking Price Between $220,000 and $1,100,000

Additional Details

Onshore / Offshore Onshore

Fields / Basins / Formations Illinois Basin, Kinmundy Field, Benoist Sandstone, Aux Vases Sandstone

Acreage 100 Acres

Production Yes

Reserves Targeting 580,000 BOE

Interest Type WI

Cash Flow Yes

Operator Prairie Resources, Inc.

Is Seismic Available? Yes

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