Development. Production. Operations.
K3 Oil & Gas Operating Company operates as an oil and gas exploration and production company. It has interest in oil and gas leases, totaling over 55,000 acres and counting in Kansas. K3 was formed in 2012 by former directors and officers of Greenfields Petroleum Corporation and GFI Oil & Gas Company. The K3 Team has over 40 years of experience drilling in Kansas. K3 Oil & Gas is based in Houston, Texas.
Our focus is Shallow Oil
K3 targets relatively shallow oil bearing zones around 4,500 feet TVD. Using our many years of experience, the Team evaluates 3D seismic data to choose high potential locations that increase our statistical drilling and completion success rate.
The K3 Team each have over 30 years of experience in their collective geological, engineering and commercial development of oil and gas reserves both in the United States and internationally.
Our experience using proprietary 3D seismic data in our target counties in Kansas has increased our success rate and created opportunities to access large blocks of leases for future growth.
Our strategy is simple: target areas near existing production that have not been produced, acquire highly prospective acreage, shoot and interpret 3D seismic data, choose high potential anomalies, drill and complete a high percentage of target oil bearing zones.
Because of our relatively low cost of drilling and completion, we are able to lower the financial risk and secure target rates of return for our investors and industry partners. K3 has a policy of hedging oil prices to reduce downside price risk for a substantial portion of its production.
Our quest is to be among the dominant companies in our area of interest. We believe our current foundation in Kansas production and high potential acreage position will allow K3 to expand rapidly in our core areas.
'K3's ability to quickly assess reserve potential and demonstrate technical expertise was the best decision we made.'
'K3's management continues to quickly and efficiently respond to our investor questions as to capital allocation...they are truly a great partner to work with"