Austin, Texas (PRWEB) January 30, 2015
The oil and gas company entered into an agreement to acquire 10,000 net acres in the Eagle Ford Shale of Texas from an undisclosed seller, increasing its overall position.
Capital Energy is currently developing a network of existing wells located in an area of Proven Reserves. Confirmed through 3D and 4D seismic testing, the assets consist of 34 vertical wells and 40 undeveloped locations.
The Eagle Ford Shale, according to many industry experts, is a 2 million barrel per day producer. Capital Energy with its state of the art technology is becoming an industry leader in the area of re- working existing wells that have a history of logged production. Through direct participation programs in oil and gas, investors actually own a portion of the wells and receive a share of the cash flow generated via monthly disbursements. In addition to the income potential, oil and gas investments offer substantial tax benefits, which the U.S government has designed to encourage domestic drilling. Since the Tax Reform Act of 1986 direct participation programs in oil and gas are one of the few remaining investments that allow investors to shelter income, making it one of the most advantaged investments today. For those not familiar with investments in the U.S oil & gas industry, call 877-938-8438 to speak with an industry expert. In recent changes to the I.R.S tax code (469-c3) regarding oil & gas investments, one is allowed up to 85% in Tax Benefits within the first year plus ongoing benefits during the life of the project, IRA , 401k, Roth & Sep accounts can be easily converted into oil & gas investments. Call 877-938-8438 to receive details on current investment opportunities