March 11, 2018
Viper Capital Partners LLC exploration team has acquired operator relationships concerning land leases for oil and gas exploration & development within the Appalachian basin with potential for an estimated mean undiscovered and technically recoverable continuous resource that totals over 500 million barrels of oil and over 4 trillion cubic feet of gas. Viper Capital Partners plans to raise and invest capital amounts of up to $150,000,000 in oil targeted horizontal wells with a non-shale bias. The Houston based firm is anticipating concentrating on conventional drilling strata using shallow horizontal drilling technology. Viper Capital Partners was formed to facilitate capital formation efforts concentrating on the shallow horizontal drilling movement in proven producing areas, specifically targeted are the proven, blanket formations in the Appalachian and Permian Basins. The firm intends to participate with operators conducting drilling operations in the Continental United States focusing on oil production from conventional reservoirs. Viper Capital Partners is focused on plays that benefit from the horizontal drilling revolution in the United States which has redefined economics in conventional oil areas.
Viper Capital Partners LLC was formed to facilitate capital formation for the oil and gas industry in the areas of Drilling & Production, Leasing, as well as mineral acquisition. The company is based in Houston,TX.
Statements made in this press release that are not historical facts are “forward-looking statements.” These statements are based on certain assumptions and expectations made by the company which reflect management’s experience, estimates and perception of historical trends, current conditions, and anticipated future developments. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements. These include risks relating to financial and operational performance and results of the company’s ability to improve our financial results, ability to list our common stock on an established securities market, availability of sufficient cash flow to execute our business plan, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, and the regulatory environment. These and other important factors could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information or future events.
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