.png)
1901 Petroleum Fund 1: Oil Drilling Wells
FULLY SUBSCRIBED
Project Highlights:
-
Rural TEA Qualified
-
National Interest Waiver
-
EB-5 Loan is 1st Position
-
Large Developer Equity
-
Loan Term:
Class A investors (3 Years, no extensions).
Class B investors (4 Years with 1 possible Year extension)
-
Strong Collateral backup through land, oil wells, and cash from production of oil.
-
Additional Collateral thru FDIC Insured Standby Letter of Credits and a separate sinking fund in case of Developer Default.
-
Completion Guarantee by Individuals and LLC that ensure all EB-5 investor job creation as per USCIS rules and regulations
-
SDIRA Accepted
The Project consists of the drilling and extraction activities of eight (8) horizontal oil and gas wells and one (1) SWD in the Brazos Prospect in Fisher County, Texas within a designated RURAL Targeted Employment Area. The oil wells are part of the Permian basin which today constitutes more than 45% of the nations oil production. 2.3 Billion of Oil Barrels are produced/recovered annually from this Permian basin region with over 60 Billion barrels that are yet to be unrecovered.
