• Miles West Co.

Aggressive Development

“We are soon to be drilling on the Stover Lease, near the Stover #1 which had an IP of 40 barrels of oil a day (BOD). This Fentress County lease and other leases we own that have established oil production, which gives us excellent additional drilling locations to develop,” said Alan Murrell, Hornet President. “We plan to drill these development locations on our producing leases well into 2016.



Murrell cited a recent American Oil & Gas Reporter article that noted that the Appalachian Basin is one of the few areas in the country where it can be profitable to drill, even at $20 oil. The article mentioned several Hornet wells as examples of profitable, low-cost, shallow wells in the Appalachian Basin.


“We have several advantages in Tennessee, including low drilling cost, shallow wells and multiple pays. In addition, wells in this area seldom need much more than a small acid job to stimulate production. Certainly, not the expensive multiple-stage frac jobs required in many producing areas of the country,” he added.


Hornet’s Ray #1, was the best well in the state in 2014 and continues producing today and has now produced more than 33,850 barrels of oil.


“We have also drilled other very successful wells in the last couple years, including the Green #2 and the Hensley #1 and fully expect to continue to develop the Tennessee oil fields we have discovered,” explained Murrell. “And we are continuing an aggressive leasing program as well.


“We know we can drill these wells profitably at today’s prices,” he stated, “and they will be still be producing well into the future when oil prices recover.” He added.

The Independent Petroleum Association of America (IPAA) has represented independent oil and natural gas producers for more than 85 years

The Hendersonville Area Chamber of Commerce

The Hendersonville Area Chamber of Commerce is Sumner County’s largest Chamber, representing the interests of its 800+ member businesses.

Tennessee Oil & Gas Association

The Tennessee Oil and Gas Association is an organization of men and women involved in the exploration, development and production of oil and natural gas in Tennessee.

THIS IS NOT AN OFFER TO SELL A SECURITY, NOR IS IT THE SOLICITATION TO BUY A SECURITY. AN OFFER CAN ONLY BE MADE BY A PROSPECTUS AND THIS IS NOT A PROSPECTUS THIS GENERAL ADVERTISEMENT IS MADE PURSUANT TO THE PROVISIONS OF THE JOBS ACT OF 2012 AND MAY BE SUBJECT TO THE PROVISIONS OF REGULATION D, SECTION 506 (c) OF THE SECURITIES ACT OF 1933 (THE ACT), AS AMENDED. OFFERS AND SALES OF EXEMPT SECURITIES ARE MADE ONLY THROUGH PRIVATE PLACEMENT MEMORANDUM TO “ACCREDITED INVESTORS” AS DEFINED IN REGULATION D, SECTION 501 OF THE ACT.

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