N Louisiana ORRI
The North Louisiana position is Dolomite's current producing asset — a multi-zone redevelopment in a basin that most operators had written off. The team's principals recognized and developed the opportunity, and contributed a 1% ORRI to Dolomite as its founding asset.
Dolomite's principals identified multi-zone redevelopment potential in the North Louisiana / SE Arkansas basin — an area long considered depleted by the industry, but with significant remaining resource in shallower formations above the deeper proven pays.
Identified the Smackover and Haynesville formations as targets for the shallow twin well program — formations whose productive potential had been encountered in the course of deeper drilling but not yet developed.
Management contributed a 1% ORRI in this producing field to Dolomite as the company's founding asset — establishing immediate cash flow from day one and demonstrating meaningful alignment with investors.
8 deep wells are currently producing through the Company's 1% ORRI. The shallow accelerator well program is now underway, targeting dual revenue from both working interest and additional ORRI on each new well.
The Twin Well Program targets 6 shallow wells through 2027 ($4M annual EBITDA) and 14 shallow + 4 deep wells through 2029 ($57M annual EBITDA).
