GridZero Founder/President/CEO shares his goals for GZ Energy
GridZero EnergyGroup (GZ Energy) is part of our GridZero Venture Fund. It intends to take part in the "Drill-Baby-Drill" spirit by investing in Texas-based oil and gas production wells. The Trump administration is committed to making America energy independent again, and Texas will lead the way. Our Founder was in the oil business in the mid 80's and see's a truly
amazing and unique opportunity to restart the many wells shut down over the many years. Wells that can be restarted for under $350,000 in most cases, and new shallow wells drilled for under $500,000 each.
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GridZero has partnered with a well established and very successful well production and operator who controls over 1,000 acres of mineral rights with long-term proven oil reserve potential. Our plan will be to develop the first three shallow wells (1,500' +-) directly with our ClubZERO members. This will pronide them an opportunity to be in the oil business indirectly. They can then participate in the $5 million SEC Regulation CF stock offering to take GZ Energy public later this year to fund and develop 12 or more producing oil and gas wells to generate lasting income for shareholders.
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Under our partnership agreement, GZ Energy will have its investment secured with the lease in its name, filed in the county until 100% of our well costs are fully recovered. The land Owner will always receive a 20% Royalty percentage on all oil and gas revenues, with the remaining 80% considered our 100% well interest. Of this GZ Energy will receive the full amount (80%) until it reaches 100% ROI. Thereafter, the lease will revert back to the operator with GZ Energy receiving 47% of the revenues long-term, with the local well operator receiving 53%.
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​GridZero may develop smaller well production Limited Partnerships of between $1 to $5 million in size in the future if deemed suitable once GZ Energy is well established. The Drill-Baby-Drill theme of the Trump Administration has sparked many to seek out oil and gas once again. ​​
Texas has thousands of wells that had been deactivated or are low producing because at the time they were drilled. Modern pumping technologies were not available then but we intend to take advantage and use these technologies. Mainly on the older low oil production wells.
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Green = Producing Wells, Red = Producing Fas, Blue = New Permitted Well, Black= Dry hole, Brown = Plugged, Yellow = Infection well, Orange = Cancelled
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