Industry

Energy

Company Type

Oil and Gas

Size

$15 Million

Investment Type

Equity

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STALLION CORPORATION

Overview

Stallion Oil is seeking $15 million to drill and develop onshore oil assets in Texas


Independent exploration and production company with offices in Houston and Toronto


Created in 2021 with 2 million barrels of undeveloped recoverable oil and a strategy to drill low risk shallow oil wells


Currently developing Frio County asset, two wells drilled with 200,000 barrels recoverable oil in the first well and 100,000 barrels in the second


2,861 acres under lease in Frio County, Texas, 75% NRI, 65 drilling locations with cost of $800,000 per well


13 million barrels of reserves from current leasehold with finding/development cost of $5 per barrel.

STALLION CORPORATION

Opportunity

 

US oil price averaged well above $100/barrel during first half of 2022 and expected to average above $90/barrel during 2023 as per EIA


The Frio River Oil Field is owned and operated by Stallion Oil, certified probable reserves of $41 million on 20 locations and $70 oil prices


Original oil in place (STOOIP) of 16-25 million barrels of oil per section1; excellent properties – over 100 million barrels of oil in place on current leases


Technical team has identified over 30,000 acres to target for the horizontal development of the Caddo formation in the Eastern Permian.

STALLION CORPORATION

Solution/Strategy

Aim to acquire and develop low risk, conventional oil projects in Texas


Currently evaluating several possible acquisitions but will focus primarily on direct leasing of drilling prospects


Projected 2,000,000 BO recoverable from first 20 wells with 75% NRI


Active drilling program with 65 locations available to drill with 40⁰- 42⁰ sweet light crude.

STALLION CORPORATION

Expansion Project

 

Bend Arch Prospect – developed by Stallion technical team


Low risk shallow oil play surrounded by existing production, shallow oil development applying new technology to known reserves


Projected reserves of 600,000 barrels per well; project developed in $45 barrel price environment


Low lease cost, higher well cost with multiple horizontal laterals, prospective valuation of $2 billion.

STALLION CORPORATION

Competitive Advantages

Established, significant cash flow


Capability to scale up by expanding into similar shallow oil projects


Ability to maintain rapid organic growth through drilling


Seasoned management team with deep technical and project delivery expertise


13-million-barrel estimated reserves owned.

STALLION CORPORATION

Management Team

Paul Williams

CEO and Chairman

Previously CEO of Eagle Ford Oil & Gas, a publicly traded company and Managing Partner of Vaquero Oil & Gas


Two decades of operating and executive positions within the upstream oil and gas industry, with both private and public entities


Responsible for originating, developing and joint venturing several multi-million-dollar large acre prospects in South Texas, as well as negotiating and corporately overseeing large seismic shoots.

Rick Adams

President and CFO

30+ years of capital, trading and operations experience from the US energy markets


Delivered several billion dollars of project development capital, portfolio management and provided executive leadership to Fortune 500 and small business


Built two energy capital teams with more than a billion dollars in total investments


Financed the creation of a dozen successful companies, created new financial instruments and the orderly liquidation of a billion-dollar investment portfolio during the fall of the merchant energy sector in 2002.


Created Bullfrog Capital which provides capital advisory services and executive leadership.

Chris Barden

Engineer

41 years of industry experience in all phases of engineering


Previously president of Texas Meridian Resources Corporation, in charge of all reservoir engineering, production and drilling operations in seven states


In 2007, formed Mantle Oil & Gas LLC – has been involved in the geological and reservoir evaluation, drilling and operating fields mainly in North and South Texas and South Louisiana


Graduate of Auburn University with a B.S. in Chemical Engineering. Registered professional Petroleum Engineer in Louisiana.

STALLION CORPORATION

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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