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Exploration

The VENETO Energy Group of companies is committed to the research, exploration, production and development of oil and gas properties in Texas, Oklahoma and the surrounding region. In addition to its own resources, VENETO is engaged in joint ventures with both private and industry partners. The company continues its quest to grow by production, acquisition and exploration

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Production

VENETO EXPLORATION, LLC is a closely held private company that was founded by Alberto Dal Cin and Dennis Eubanks with the specific purpose of growing an efficient and profitable energy company through the acquisition of existing producing oil and gas leases. From its inception great care and caution were taken to develop only those lease prospects that still had producible pay-zones in place. It was VENETO’s belief that well bores could be bought at a price, which allowed for re-entry, re-completion, work-over, and developmental drilling, with the price of crude on the rise and that profits would be forth coming. In late 2002 the price of crude was at $24/bbl. With volatility in pricing ranging from $136 to $36 by 2008, VENETO has demonstrated the success of its investment and operating strategies, remaining profitable at all crude price ranges from then until now.

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Drilling

Today VENETO and its sister company (Estacado Energy, LLC) own and operate a total of 298 well bores on 36 leases in 9 counties in the Fort Worth Basin of North Central Texas and the Permian Basin of West Texas. These counties include Wichita, Wilbarger, Foard, Archer, Throckmorton, Stephens, Jones, Nolan, and Fisher. Many of the 36 leases are still in the clean-up, repair, and work-over stage. On a methodical schedule, field operations are gradually increasing the company’s monthly production. In 2003 VENETO produced 12,000 bbls. By 2008 the VENETO ENERGY GROUP set the goal to produce 75,000 +/- bbls. Because of its rapid growth and sustained production, VENETO is being presented with expanding opportunities. VENETO is always exploring the idea of selling some of its existing producing lease inventory to raise capital to expand its ownership of other prospects.

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Company News

Current News

The price of crude seems to be stabilizing in the $60+ range which allows E & P companies like VENETO to beging loooking for prospects. We have several leases in the North Texas area that warrant further work-over and development.

VENETO is developing a new drill site in the South West corner of Block 47 of its Piave “A” Lease located in Throckmorton County, TX. Based on valid geological information there is reason to believe the Veneto Strawn is present at approx 4000’.

VENETO owns the  280 acre RJ Miller Lease in Wichita County, the oldest producing lease in TX RRC District 09. Well # 2A was drilled in 1912 and it still makes ¼ bbl a day. The company has an ongoing work-over plan for this lease.

VENETO continues to work on its TCSL lease, in Throckmorton County. The Tannehill Sand blankets the lease at 700‘+/-. We expect production to gradually increase as we adjust the chemical treatment and work-over several wells during 2018.

VENETO has a 170+/- acre Waggonner VFW lease in Wichita County, just South of Electra. This lease is on the renown Waggonner Ranch, the largest continous fenced rank in the US. Severla well bores need to be worked over and some behind-pipe payzones that warrant exploration.

About Us

With over 30 years experience in the energy business, its founders brought extensive knowledge and insight into this area of the energy marketplace. Today VENETO is experiencing the benefits of its founders’ vision and market expertise. The company continues to seek existing production, which can be acquired, based on economic advantage. Since the summer of 2005 VENETO has begun to explore its existing leases for opportunities to further enhance its monthly production. In early 2006 for the first time, VENETO began acquiring leases for the specific purpose of new drilling opportunities.

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Veneto Energy Group 
2600 Ave K
Suite 203
Plano TX 75074
Tel.: 972-633-8886
Fax: 972-633-9993Email:

dse@venetoenergy.com

 
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