Midstream Operations

High-margin oil reclamation operations supporting rapid growth, with a target of 30,000+ barrels per month.

Wilson, OK

JKT
Reclamation
  • 41.4% net economic interest
  • Acquired Jan 2024, operational Feb 2024

Texas

caldwell reclamation
  • Redeveloping 11 wells at ~1,600 ft depth
  • Significant upside based on Chevron’s adjacent success
  • IRR of 66–89% based on offset well results

midstream

profitability
  • Cashflow margin ~60%+ at steady-state
  • Estimated monthly cashflow at 5,000 bbls/month = ~$68,350 net to Vega