Lease Acquisition Plan

AirDrive was invited to Archer County to evaluate a 1400-acre lease that was abandoned with 80 Gunsight wells (1100ft). The mineral owners were represented by a local bank that realized the liability outweighed the value and understandably was open to AirDrive’s Lease Acquisition Plan (LAP). There is a strong probability that the wells are capable of producing a barrel or more each. These type wells are known to do this for decades resulting in ideal candidates. As of November 2018, there were 80,000 shut-in, out - of compliance wells, in Texas according to the Railroad Commission (RRC).

Capitalizing on a property in this condition can be risky if one is confined to traditional lifting methods and leasing. The AirDrive’s LAP is an effective way to take advantage of upside-down properties like this. With an agile execution profile integrating AirDrive’s PGDS and LAP we will be able to deliver cost-efficiency and value even amid depressed oil prices.

LAP Described (Lease Acquisition Plan) AirDrive’s LAP will unfold in a unique fashion. A signed pre-buy agreement between Lessor, Lessee, Surface Owner, and AirDrive will be in place before any operations begin. The agreement will have an understanding between all parties such as:

AirDrive will offer a fair price for any established production after evaluation.

AirDrive will offer to evaluate and equip wells with no charges to Lessor or Surface Owner.

AirDrive will obtain the rights to any salvageable equipment during the well evaluation to subside any expenses incurred.

AirDrive will take assignments only after a positive evaluation.

This regiment will effectively diminish risk.

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