In March 2020 ASE secured a total of 15 wells located in 3 counties in Texas, with the oldest well having been completed in 1956. The majority of these wells were inactive, due to years of poor maintenance and under-investment. ASE has since invested substantial time and resources into extensive reworks on 8 of the wells, with the Boyd well being the most consistent performer. Investors have the unique opportunity to secure direct asset ownership (working interest) in an active well located in Nolan County, Texas. Additionally, each investor will have the ability to build an active oil well portfolio by investing in 7 additional wells spread throughout Nolan, Taylor & Haskell counties.
