Skip to content
Property photo 1

Optimum OKLA 6 Well Joint Venture

Income
Anadarko Basin, OK
Target Return
12.00%
Minimum
$46,875
Hold Period
15 Years
Optimum Energy PartnersSponsored by Optimum Energy Partners · $100M AUM
Overview

Optimum OKLA 6 JV is a $9.0M direct working interest joint venture acquiring partial Working Interests in six (6) horizontal wells across the Anadarko Basin in Oklahoma, sponsored by Optimum Energy Partners. The Venture is targeting wells operated by six established Oklahoma operators: Charter Oak Production, Continental Resources, Mach Natural Resources, Mewbourne Oil Company, Upland Exploration, and Validus Energy. All six wells target the Cherokee Group and Woodford formations using horizontal drilling and hydraulic fracturing techniques, with horizontal lateral lengths of approximately 2-3 miles per well.

Why This Opportunity

  • Six-well diversification: Direct working interest exposure across six separate wells, six counties, two productive formations (Cherokee and Woodford), and six different operators, materially reducing single-well concentration risk versus single-asset oil and gas investments

  • Established blue-chip operators: Wells operated by Charter Oak, Continental Resources, Mach Natural Resources, Mewbourne Oil, Upland Exploration, and Validus Energy, all experienced Oklahoma operators with proven horizontal drilling track records

  • Anadarko Basin geology: Cherokee Group has produced over 1.2 trillion cubic feet of gas to date, with the Red Fork Formation alone holding an estimated 876 billion cubic feet of untapped reserves; the basin is the deepest Phanerozoic sedimentary basin in North America with proven multi-decade productivity

  • Direct working interest economics: Investors hold working interest exposure with full participation in oil and gas revenue, royalties paid to landowners (25%), and operator-managed production

  • Strong nearby well performance: Recent key wells in the area show average 30-day peak IP of 1,408 BOE per day and average EUR of 1,273,671 BOE, with high-end peaks reaching 2,118 BOE per day and EUR up to 2,454,915 BOE

  • Significant tax advantages: Up to 80% of investment deductible in Year 1 as Intangible Drilling Costs (IDC) for accredited investors, with potential ~50% depletion in Year 1 via cost segregation; oil and gas working interests treated as active income (not passive), allowing losses to offset other ordinary income

  • Cash flow potential: At 3,000 BOE per day cumulative production across all six wells, projected monthly income of $34,108 (109% annualized return potential, 141% with tax savings); at 1,000 BOE per day, projected monthly income of $11,228 (36% annualized return potential, 68% with tax savings)

  • Operator continuity: Optimum's 23rd drilling project, with prior multi-well joint ventures in Oklahoma and Texas demonstrating consistent execution and investor distribution history

Deal Structure

  • Total raise: $9,000,000 (24 Units at $375,000 per Unit)

  • Minimum investment: $46,875 (1/8 Unit)

  • Quarter Unit: $93,750

  • Half Unit: $187,500

  • Full Unit: $375,000

  • Capitalization period: Through September 30, 2026

  • Investment vehicle: Optimum OKLA 6 Well Joint Venture (Texas Joint Venture / General Partnership)

  • Sponsor (Optimum) capital contribution: 1% of Initial Joint Venture Capital

  • Offering: 506(c) Reg D, accredited investors only

Working Interest Allocation (Per Full Unit)

Assuming all 24 Units are subscribed and six wells are drilled, each Unit represents the following working interests:

  • Charter Oak Well (Custer County): 0.1031% Working Interest, 0.0773% Net Revenue Interest

  • Continental Well (Grady County): 0.165% Working Interest, 0.1238% Net Revenue Interest

  • Mach Well (Canadian County): 0.165% Working Interest, 0.1238% Net Revenue Interest

  • Mewbourne Well (Custer County): 0.1238% Working Interest, 0.0928% Net Revenue Interest

  • Upland Well (Roger Mills County): 0.165% Working Interest, 0.1238% Net Revenue Interest

  • Validus Well (Garvin County): 0.1238% Working Interest, 0.0928% Net Revenue Interest

Economic Assumptions

  • Price per BOE: $65 (standard underwriting assumption)

  • Severance taxes: 7.5%

  • Royalties to landowners: 25%

  • Lease operating expenses: $25,000 per month per well

  • Conversion: 20 MCF = 1 BOE

  • Hold period: 15 years (180 months)

Important: Investments in oil and gas drilling joint ventures involve substantial risk, including the potential loss of an investor's entire investment. Oil and gas exploration is speculative by nature, and there is no guarantee that wells will produce commercial quantities of oil or gas. Investors should carefully review all offering documents and risk factors before making any investment decision.

How Allocation Works
$9,000,000
Offering Size
÷
$46,875
Minimum
=
192
Investor Limit
192 is the investor limit if everyone invests the minimum. Since many invest more, the offering typically fills with fewer.
Project Your Returns
The Market

Anadarko Basin, OK

Optimum OKLA 6 JV deploys capital across the Anadarko Basin in Oklahoma, one of the most prolific and longest-producing oil and gas regions in the United States.

Anadarko Basin Fundamentals

  • The deepest Phanerozoic sedimentary basin in North America, with significant proven reserves across multiple formations

  • Cherokee Group has produced over 1.2 trillion cubic feet of gas to date, with the Red Fork Formation alone holding an estimated 876 billion cubic feet of untapped reserves

  • Centered across western Oklahoma counties including Beckham, Custer, Roger Mills, and Washita on a massive monocline dipping southwestward into the deep basin interval

  • Horizontal drilling and hydraulic fracturing have unlocked significant Cherokee Shale, natural gas liquids, and oil production

  • Recent area horizontal wells show true vertical depths of 9,000-10,900 feet with horizontal laterals of 9,176-11,143 feet, producing initial daily averages of 2,412-13,311 MCF of gas plus 538-950 barrels of oil per day

Key Productive Formations

  • Cherokee Group: Middle Pennsylvanian Age (318.1-307.2 million years old), one of the most active oil and gas plays in the Anadarko Basin

  • Red Fork Formation: Deepest productive member of the Cherokee Group, sand-rich combination of fluvial, deltaic, and turbidite facies; primarily fine-grained quartz sandstones with 9-10%+ porosity, particularly strong in Roger Mills County

  • Woodford Shale: Devonian-Mississippian source rock, primary target for Continental Resources and other operators in Grady and surrounding counties

Active Operator Performance in Target Area

Recent key wells in the immediate vicinity of the OKLA 6 JV target wells demonstrate strong production economics:

  • Average 30-day Peak Initial Production: 1,408 BOE per day

  • High 30-day Peak Initial Production: 2,118 BOE per day

  • Average Estimated Ultimate Recovery (EUR): 1,273,671 BOE

  • High EUR: 1,472,985 BOE (Crawford 17/8 OB 1H, Mewbourne, Cherokee)

  • Multiple Continental Resources Woodford wells in Grady County: 1,223-1,639 BOE per day 30-day peak with EUR of 1,066,970-2,454,915 BOE

Target Counties

  • Custer County, OK (Charter Oak Well + Mewbourne Well): Central Anadarko Basin core, active horizontal drilling area

  • Grady County, OK (Continental Well): Major Continental Resources Woodford target area

  • Canadian County, OK (Mach Well): Mach Natural Resources Woodford and Cherokee development area

  • Roger Mills County, OK (Upland Well): Cherokee Group horizontal play area with proven high-IP wells

  • Garvin County, OK (Validus Well): South-central Oklahoma horizontal target area

Oil and Gas Market Context

  • Pricing modeled at $65 per BOE; actual prices fluctuate based on global supply and demand, OPEC production decisions, U.S. domestic production, and pipeline capacity

  • Continued strong U.S. domestic energy production policy supporting onshore exploration and development

  • Tax incentives for oil and gas drilling preserved and in some cases enhanced under recent legislation (One Big Beautiful Bill Act), including permanent 100% bonus depreciation reinstatement for qualified property

  • Established Oklahoma midstream and pipeline infrastructure supporting reliable transportation and processing of produced hydrocarbons

Common Questions

Relli is a private real estate marketplace that connects investors directly with institutional sponsors. We source opportunities that typically move through private networks and closed investor circles, vet each deal and sponsor, and list them in one accessible marketplace. When you find a deal that fits, express your interest and we connect you directly with the sponsor. No commissions, no middleman fees.

Experienced real estate operators and fund managers with proven track records. Every sponsor is vetted for operational history, assets under management, and prior performance before any deal is listed.

No. Relli is free for investors. You invest directly with the sponsor with no platform fees, no commissions, and no extra charges.

Property visits are not currently available. Each investment page includes detailed property information, photos, financial projections, and sponsor materials so you can evaluate every deal before expressing interest.

Sponsors provide regular updates on property performance, distributions, and key developments. The frequency varies by deal but you can expect quarterly updates at minimum through your Relli dashboard.

Within 24 hours, our team reaches out to confirm fit and introduces you directly to the sponsor. You have a one-on-one conversation to ask questions, review terms, and evaluate the deal. If it is right for you, you invest directly with the sponsor. No middleman, no extra fees.

Target Return
12.00%
Equity Multiple
2.80x
0 Views
192 Investor Limit

Initial Investment ($)

$46,875$46,875$1M

Assuming your selected investment, after 15 years you could expect a return of:

Projected Return (15 yrs at 12% IRR)
$131,250
Irvine, CA 92612

Relli is a technology marketplace. We do not process transactions, hold investor funds, or act as a broker-dealer. All investments are made directly between the investor and the sponsor.

No communication whatsoever by Relli, Inc. (“Relli”) or any of its affiliates through any medium should be construed or is intended to be a recommendation to purchase, sell, or hold any security, or to provide investment, tax, financial, accounting, legal, regulatory, or compliance advice …

Any historical returns, expected or target returns, or projections are not indicative of future performance and do not guarantee future results. All investments carry risk, including the potential loss of principal.

The content provided by Relli is for general informational purposes only and does not constitute financial or investment advice. While efforts are made to ensure accuracy, Relli makes no guarantees as to the completeness, timeliness, or reliability of the information presented. Any links to third-party websites are provided solely for convenience, and Relli does not endorse or assume responsibility for the content or accuracy of those sites.

Copyright © Relli, Inc.