DESMD X

$25M Big Foot Oil Field Acquisition


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Private Fundraise

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Project Overview 

Historic Oilfield, Huge Opportunity

Located 30 miles southwest of San Antonio, Big Foot Field -- a field sitting on top of one of the largest oil reserves in South Texas -- was first discovered by Shell Oil Company in 1949, which it went on to develop and operate until ‘91. 

From 2004-2012, the DESMD X founders owned and operated Big Foot, raising millions from individual investors and $75 million in financing from Gas Rock Capital, who have partnered with some of the most prestigious names in energy for over a decade. 

As of 2018, DESMD X has repurchased Big Foot Field, and our team is now taking its expertise of this legendary field to produce and sell oil once more.

I heard oil & gas deals were risky.

What makes this project different?
Most oil plays typically begin with operators pitching what they plan to purchase, drill, and attempt to produce -- translating to high risk for investors.

Low Risk, High Reward 

But quite unlike the majority of oil deals, DESMD X has a unique advantage in the form of a seasoned team that has already completed much of the heavy lifting: 

Simply put, we’ve done this once, now we’re doing it again -- on an even larger scale.  

Additional Project Details 

Oil production takes place from the Upper Cretaceous Olmos Foundation and Big Foot Delta System.

Strategic Partnerships 

We’ve forged strategic partnerships with key energy services providers to bolster our efforts, including Diamond Energy Services, Maverick Energy Group, and Watson Energy Investments, owned by DESMD X founders

Diamond Energy Services (primary service company)

  • Now services 70 customers
  • Operates across 20 counties in Texas
  • Facility is only 11 miles from Big Foot Field
  • Operates seven work over rigs, a vacuum truck, six heavy-hauling trucks, two backhoes, welding truck and other equipment
  • Competitive advantages include prior experience with project, physical proximity to project, employee relationships, and competitive pricing

Key Milestones 

Industry Veterans 

 

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