Dear Valued Investor Partners,
We hope this update finds you well. Please find below your September 2026 operational update for the ParkerFee Oilfield.
OPERATIONS UPDATE, SEPTEMBER 2026
Status: Producing
September included workover activity on the Well #56, which is the best performing well on the lease. A paraffin build-up was identified in the well, so the pump and tubing were pulled, the tubing was steam cleaned, and the wellbore was cleaned out. The tubing was then run back in with a new pump, and the Well #56 is back pumping.
Because the Well #56 was offline for part of the month while this work was carried out, total production for September came in below the normal level for the oilfield. With the well back on pump, it is once again contributing its full share of oil production to the lease.
On completion of that work, the workover rig moved over to the Well #41 to start a wellbore cleanout, with the majority of that work being carried out in October.
PRODUCTION, SEPTEMBER 2026
Total oil produced: 1,181.12 barrels
Oil sales: 903.78 barrels
Average daily rate: approximately 39.4 barrels of oil per day
Water: managed through lease disposal
Oil produced exceeded oil sales in September, and the balance is carried forward as stock on hand for sale.
COMING UP, OCTOBER 2026
The cleanout of the Well #41 will be completed, and the schedule of wellbore cleanouts and tubing work will continue across the field as wells come up for attention, with the usual production response expected following each treatment.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on November 12th, 2026.
Best regards,
THE ASE TEAM
