1) 12-18 Month Payback. 2) 3.5 to 5 times investment. 3) 50%+ IRR 4) 60% of Capital Provided By Sponsors
Stage
Full Product Ready
Industry
Industrial/Energy
Location
Williston, ND, USA
Currency
USD
Employees
6
Company Summary
RK ENERGY, LLC’s mission is to satisfy the requests of a major oil company to build Class II Salt Water Disposal Wells (SWDWs) in order to handle their needs to dispose of both “flowback” and “production” water in the Bakken Reserve. Flowback water is generated by the hydraulic fracturing process (commonly known as “fracking”) when oil wells are drilled, while “production” water comes up along with oil pumped to the surface by oil wells.