About Company
Petron Energy Group was started by Mr. Floyd L. Smith in 1998. The company is engaged in
primary drilling and secondary recovery projects which involve drilling on and reworking mature
leases which have a proven production history and returning leases back to profitable
commercial production. The Company also seeks growth through acquisitions of existing
producing assets within the continental United States.
We have a staff of 10 financial planners that have varying professional backgrounds and different levels of expertise dealing with Bank Instruments. We want to ensure that our clients are all properly assisted and that their unique needs are met through our services. We focus on your retirement and financial help to improve your future. Remember there is no fiscal future that is too big or too small for our company, we simply want to assist you to reach your goals.
Industry, current state in the economy
- General condition of competing companies
We will not be significantly impacted by major oil companies getting back into shallow well plays when oil and gas prices improve, while we expect other mid size companies to see the opportunity shallow well
development and secondary recovery offers. - Opportunities
We believe the current 29 leases we control along with the two Natural
Gas Pipeline gathering systems position us to increase our acreage
footprint significantly. The largest pipeline is 105 miles in length and the
smaller is 30 miles in length. Our strategy is to focus our leasing efforts
around both pipelines which we believe provide us with an opportunity to lease approximately 400,000+/- mineral acres.
Petron’s business model to take advantage of the state of the industry
- Primary Production
Our strategy involves drilling new (shallow) wells on leases which have not been developed to a depth of 1,000’ – 2,000’ in Oklahoma. Primary drilling projects allow for higher initial production rates. - Expand Existing Leases
Our strategy involves drilling new (shallow) wells on the existing 29 leases which have not been fully developed to a depth of 1,000’ – 2,000’ in Oklahoma. In addition to existing production levels increasing from rework operations, by fully developing these leases with additional drilling we would provide significant increases in our daily production rates from the new wells. - Secondary Recovery Production
We believe Secondary Recovery operations give us a legitimate “second bite at the production apple” and we are committed to this step, because it provides us an opportunity to produce the same volume of oil and gas produced during the primary production stage. By producing a lease for Primary and Secondary production we have an opportunity to produce approximately 30 – 40% of the OOIP (Original Oil in Place) according to industry historical standards). - Purchase New Leases
We intend to focus all of our leasing activities around both of our pipelines because of the exclusive nature of each pipeline it gives us a great opportunity to enlarge our acreage footprint without increased competition from interested third parties. We have the only method of transporting natural gas to market with our pipeline systems, which gives us a tremendous advantage when negotiating new leases. - Purchase Existing Troubled Companies
One of the key areas of growth to our asset base involves pursuing companies which have challenges in their operations due in part to a lack of capital. We have identified several small operators within our market which are currently grossly undercapitalized.
Challenges and Obstacles implementing the Model
- Risk and Challenges facing company after funding.
- Availability of properties that fit our model and timeline.
- Unforeseen government regulation.
- Availability of rigs and personnel to meet the timing of our growth plan.
Our Fees Are Based on Your Success!
The only way that we earn money is if you receive the funding that you desire.
We work with a limited number of clients at a time to ensure that you get the attention that you deserve. We have no need to go out and dig for leads because we have some projects available to us always. We want to focus on pre-qualified projects because they have the best chance of success. We are a clearinghouse for smart investing because it’s a reflection of our funding partners as well as ourselves. With this business plan, we have many qualified leads that we choose to represent.
When deciding to take on a project we research it thoroughly to decide if it is going to be a success. If your project is appropriate for funding, we will select it. However, some are not, and we take each matter very seriously.
Several projects are not ideal because they need an innovative approach. In these scenarios we contact our partners to ensure that we develop the best approach. We make sure that we are active in every step of the planning and execution of your financial projections to ensure your success.
Our revenue comes from success fees When we are securing loans, we receive a small percent of this money as a commission. This process is very similar to the closing fees that brokers receive when finalizing most commercial loans. We cannot assure you that your project will be successful, and because of this, we don’t charge an application fee.
When we work with equity investments, we also receive our compensation based on the successful completion of the loan. These terms are unique to the contract, but we also charge a small monthly fee to work on these projects.
If you would like to begin our process, please look at all of our pages. Then you can let us know the program that you would like to utilize to acquire your funding for your project. We are very busy but promise that we will respond within three business days.
Are You Ready for a Worry-Free Future?
Everyone stresses over the future, especially where finances are concerned. You can now remove a large portion of worry from your life by planning for your future now. The Petron Energy Group is focused on assisting with reaching your goals of financial freedom so that you can live your life comfortably. We have over 30 years of planning financially which sets us apart from the rest and makes us the best company to assist you in your project.
Bank Instruments
At the Petron Energy Group, we focus on utilizing many financial instruments in assisting you to reach your economic goals. We incorporate SBLC, BG, LTN, MTN, KTT, SKR, POF, Bank Draft, Block Funds, Monetization, Funding, Leasing and Selling Financial Instruments, Financial Consulting, Offshore Bank Account Openings, and Paymaster, Escrow and Commission Dispersal Services.
What Matters Most
We want to assist you in defining your goals.
Retirement is one of the most important times in your life because you get to enjoy the freedom of doing anything that you desire. You can choose to relax, travel, or start a new chapter in your life. If you know what goals you have in mind, we can assist you in reaching them through financial security. Contact us today to make your dreams a reality!
Yes,You can do this by allocating your investment to specific companies at the time you invest. You may also earnmark some funds for the overall pool,so that you can take advantage of new equity crowdfunding investment opportunities as they are vetted. Whenever we bring new oppotunities to investors,they allways have the option to opt-out of funding a specific company.
The best way to invest your money is whichever way works best for you. To figure that out, you’ll want to consider your investing style, your budget, and your risk tolerance.
IRA stands for individual retirement account, which is a tax-deferred investment account that helps you save for retirement. Depending on which type of IRA you choose, your contributions may be tax-deductible or withdrawals may be tax-free. The IRS refers to these accounts as individual retirement arrangements. Internal Revenue Service