A field keeps its own record.
We read that record before we commit capital.
Investment begins with the asset.
Midwestern evaluates interests in American oil and gas properties at the asset level — geology, production history, development cost, operating structure and risk.
Our work begins with the underlying record: well files, production data, geological information, lease position and the economics required to develop the opportunity.
We prefer evidence over narrative and investments that can be understood from the ground up.
Snyder Field Development
Snyder Field Development is a proposed development program within an established producing field in Scott County, Kansas.
Snyder #1 was completed in 1983 and has produced from the Morrow Formation for more than four decades. The proposed Snyder #2 well is intended to further develop the same target reservoir.
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Geology
Logs, formation data, reservoir characteristics and offset performance.
History
Actual production records and documented field performance.
Economics
Development cost, operating expense, commodity-price sensitivity and potential return.
Structure & risk
Ownership, responsibilities, costs, liquidity and the risks borne by participants.
Capital follows the record.
Before participating in a development, we examine the drilling and completion records, production history, geological information, lease position, offset wells and current development assumptions.
Historical production cannot predict the result of a future well. It can, however, provide something an undeveloped prospect cannot: an observable field record.
We would rather hold a smaller interest in a field we understand than a large one in a field we don't.
We prefer assets that can be visited, economics that can be checked and evidence over narrative.
We underwrite with a long-term ownership perspective.
The record determines whether we proceed.
Investor & industry inquiries.
Due-diligence and offering materials for Snyder Field Development are available to accredited investors upon request.
Midwestern is not the field operator and does not direct drilling, completion, production or day-to-day field operations.