The Madison County waterflood project’s continual growth demonstrates Wheeler Resource Recovery’s ability to provide accredited investors with profitable investment opportunities.
BENBROOK, Texas – Wheeler Resource Recovery, a leader in secondary oil recovery in proven oil fields with over 50 years of experience, announced the groundbreaking of its twelfth two-well package in its historically successful waterflood project in Madison County, Texas.
The upcoming drilling of this well marks 12 of 27 total two-well packages for the entirety of the Madison Project. Nearing the halfway point of this multi-year project, the Benbrook-based company continues to quickly generate revenue for its investors. The Madison County waterflood project’s growth substantiates Wheeler Resource Recovery’s ability to provide non-industry, accredited investors with profitable investment opportunities.
Wheeler’s unique secondary recovery focuses on the extraction of known oil, which minimizes risk while maximizing rewards and returns. This makes it a great fit for nontraditional investors who tend to have lower risk tolerances. A reduced risk level, coupled with the current period of high inflation and high cost per barrel of oil, provides many opportunities for investors to reap the rewards of oil and gas investments.
“With inflation and gas prices on the rise, investors should look to turn their cash that is currently losing value into investments in hard assets like oil,” said Kevin Thibeau, President of Wheeler Resource Recovery. “Nonspecialized private equity firms aren’t currently focused on the industry, making oil and gas producers more attractive to investors outside the industry. It’s a timely opportunity for investors to revisit whether an oil & gas investment is right for them.”
For more information, visit WheelerResourceRecovery.com.
ABOUT WHEELER RESOURCE RECOVERY
Wheeler Resource Recovery is a leader in secondary oil recovery and is based in Benbrook, Texas. Since 1932, Wheeler has used its five-spot water recovery process to extract oil at a lower cost and lower risk than primarily oil recovery. The principals of Wheeler Resource Recovery, Kevin K. Thibeau and J. P. Bolton, have over 50 years of oil and gas and financial experience between them and continue to operate successful oil recovery projects by partnering with accredited investors throughout the United States.