Intangible drilling costs (IDCs) make up roughly 60 to 90 percent of the cost of drilling a well. These costs include the expenses for wages, fuel, repairs, hauling and other non-salvageable expenses necessary for well production. Click here to find out more about IDCs and their role in the prosperity of the United States.
Based in Dallas, TX, Chestnut Exploration Companies are a family-owned group of companies that offer direct investment opportunities in its oil and natural gas projects in the Southwestern United States. Founded in 1994, our companies oversee each phase of development, from the investment to the exploration to the production. With a focus on transparent asset management and creating value through oil and natural gas programs, we use science, research and technology to rework existing oil fields and develop new ones for oil and natural gas production.
Chestnut Exploration and Production is a family-owned, independent oil and natural gas operator, with specialties in developing new and existing oil fields since 1994.Learn More
Energy and natural resource company that acts as the general partner for all of our offerings.Learn More
FINRA-registered broker-dealer providing oil and natural gas direct investment opportunities through drilling, production acquisition and limited partnerships.Learn More
Well workover and completion company that operates with up-to-date technology and experienced rig crews.Learn More
Mark A Plummer and Chestnut Exploration and Production, Inc., have been featured in the USA Today article, "OPEC's clout on line as decisive meeting looms." Plummer was asked about the relevance of OPEC...
Most of the oil and gas industry is made up of conventional and unconventional drilling. But what is the difference and what does the future look like for these two types of drilling techniques?
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