FAQ

How much is a barrel (BBL) of oil?

42 U.S. Gallons or 158.987 Liters

What is an MCF?

An MCF is a unit of measurement used for measuring natural gas. One MCF is 1,000 cubic feet.

What is involved in the drilling process?

Click here to view our educational videos showing how a vertical and horizontal well is drilled.

How does a “working interest” investment work?

Working Interest in an oil and gas well is an ownership interest in the operations of the well. Once royalties are paid, the working interest also entitles its owner to share in production revenues with other working interest owners, based on the percentage of working interest owned. There are significant tax benefits related to investing in working interest which are not available to other investment classes.

How long will it be before I receive my first monthly royalty check?

An investor should expect the first monthly royalty check at 4 to 9 months of investing in a project. This time frame is dependent upon several factors including number and type of well(s) in the project, the status of the project at the time of investment and timely availability of equipment, gas lines and other relevant necessities. Many of our multi-well projects will come on line with one well already on it's way to completion, so the investor may realize a monthly royalty check for one well while the others move through the completion process at different time frames

What does turn-key mean?

In some cases projects are estimated at a certain cost but, due to unforeseen circumstances, go over budget. In these instances many independent operators would look back to the investors to incur these costs, however in a turn-key agreement, the costs are incurred by the operator. All of Halek Energy’s projects are designed as turn-key agreements

What is the Barnett Shale?

The Barnett Shale is a tight gas formation that stretches across 17 counties in North Texas. Known as one of the largest natural gas fields in the United States, the Barnett Shale has only recently become a commercially viable venture due to technological advances surrounding horizontal drilling and hydraulic fracturing.

To see a list of locations that Halek Energy drills at click here.

What is the process for charitable donations?

The charitable donor investing in domestic Oil & Gas Exploration can enjoy approximately 200% in tax deductions over a 5 to 7 year period and at the same time create monthly, multi-generational income for their charity that results in 5 to 7 times the amount of the original donation. This truly is the gift that keeps on giving. Contact our office for more details regarding charitable donation investing.